EURJPY short for 20 pips. Reasoning D1 - Downtrend H2- Downtrend with 4 Horsemen in strong down H1 - Purple cross White down and market open below Smooth. Entry at H1 bar open below smooth.

The Paradox System

This is how I understood it. When White crosses Purple, the PSAR is eliminated as Support/Resistance. However, in the very specific instance when the market opens Above PSAR (PSAR as resistance, as with my trade) or Below PSAR (PSAR as support) and ...

The Paradox System

Understood. H1 might move before any signal is given at resistance. Thank you for the response.

The Paradox System

Thank you - now I believe I am waiting until Purple crosses White downward on the H1 to trade short again, hopefully with H2 showing a SAR on top of a bar, assuming H2 continues to show a strong downtrend with the 4Horsemen. Purple is however ...

The Paradox System

I took an entry short on EURJPY for 20 pips. Reasoning: D1 - Downtrend H2 - Downtrend. 4 Horsemen in strong downtrend. Market open at Smooth. H1 - Downtrend. Purple had crossed White and Smooth but, Market opened above PSAR and PSAR did not flip. ...

The Paradox System

Dove had us remove the SAR and Swing from the 1HR chart I believe. Otherwise, your trend analysis is correct. However, you are going to need something else on the 1HR to show you an entry, I believe. Again, still learning so could be wrong...

The Paradox System

So you are saying you took a long somewhere for this wave up?

The Paradox System

The point someone else was trying to make is that you don't need to catch that move up. The trend is down so we are, or should be, looking for the market to pull back to resistance and then look for a sell. What I think this means, and correct me if ...

The Paradox System

German Norwegian living in the US.

The Paradox System

Dove has a Sunday bar it looks like (6 Daily bars per week). FXCM has 5 (all brokers with a 17:00 EST day start will have only 5 bars).

The Paradox System

Thank you. So even though the EMA (and Smooth) is currently SUPPORT on the Daily, we still consider it in a full downtrend? Is the only thing that maters ROMAR versus EMA to determine the trend? Thank you for the help.

The Paradox System

I too don't understand. The last hour, the market opened at Purple on the H1 and a short obviously would have worked well. However, it could also retrace farther to White or Smooth or EMA or ROMAR. So other than waiting for the Purple to cross White ...

The Paradox System

Long H2 EURJPY Unfortunately I was asleep for the London big move down, but there looked to be a nice entry on the H1 when White Crossed Purple following the SAR print on the top of H2. I woke up to find price closed outside the lower BB on H2 and ...

The Paradox System

2nd Long EURJPY for 20 pips. Reasoning: Daily - EMA still support, market near EMA. H2 - White cross Purple, PSAR eliminated as Resistance, open Above Smooth. Purple heading to potentially cross Smooth. H1 - 4 Horsemen are support, EMA is support. ...

The Paradox System

Mine is the same. You can also just set Syndey open time to 0:00 and set the GMT offset to 0.

The Paradox System

Right - I'm trying not to anticipate. Daily: White has crossed Purple on the Daily eliminating PSAR as support, but Smooth and EMA are still support. H2: White has now crossed Purple, eliminating PSAR as resistance, and Purple is approaching Smooth ...

The Paradox System

Yes, I agree the H2 was not good for the trade I took, hence why I targeted 20 pips versus 40. My question: All three charts show a downtrend because the EMA is below ROMAR on all three charts. However, EMA and Smooth are support on the daily, and ...

The Paradox System

Make sure your screen shows 40 bars; then it will show whatever it was intended to per Dove.

The Paradox System

I went long on the H1 EURJPY. Reasoning: EMA is below ROMAR on all three charts. However, EMA is support on the daily. Market at EMA on Daily. H2 - market open above purple and white. H1- white cross purple, then smooth cross purple. Then PSAR ...

The Paradox System

I have used Ninjatrader extensively, OpenEcry's Trader extensively, Sierra charts somewhat, Interactive Broker's platform, and MT4 extensively. MT4 is by far the worst for the following reasons: Appearance: the charts are fuzzy and look very poor ...

Is MT4 a trader's favorite platform?