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The Paradox System

  • #10,281
  • Jul 4, 2017 5:23am Jul 4, 2017 5:23am
Quoting maas
Hello, I've spent some time puzzling over the paragraph quoted below, but I remain confused. " This up trend had began on June 23rd with the H2 Parabolic flip at the opening price of 124.212. It travel 460.8 pips and closed with a high of 128.820. It turned and headed south and gave up just under 140 pips with the Parabolic flip and then stop mid-term for a swing; and headed north again. This means you had just under 140 pips from the low of the turn at 127.430 to the high 128.820 of 139 pips. If the market breaks 128.830 it is not a higher high...
Hello

Your biggest problem is over-complicating things.

Lets start from the beginning. EMA and ROMAR crossed on 16th June. Whats the rule when EMA/ROMAR cross? The market will retest ROMAR. The market did exactly that. Then we had spaghetti around ROMAR with EMA/ROMAR too close together.

On the 23rd June, PSAR flipped for the up, with EMA turned up. So we had the four horsemen all set for the up.

From then until 29th June, PSAR never flipped. Then the PSAR flipped and market retraced, put in a swing, and PSAR flipped agin for the move to the previous high. Which is the double top.

What is so hard to understand about that my friend?

Hope that helps!

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,282
  • Jul 4, 2017 7:07am Jul 4, 2017 7:07am
Quoting shinny
{quote} Hello Your biggest problem is over-complicating things. Lets start from the beginning. EMA and ROMAR crossed on 16th June. Whats the rule when EMA/ROMAR cross? The market will retest ROMAR. The market did exactly that. Then we had spaghetti around ROMAR with EMA/ROMAR too close together. On the 23rd June, PSAR flipped for the up, with EMA turned up. So we had the four horsemen all set for the up. From then until 29th June, PSAR never flipped. Then the PSAR flipped and market retraced, put in a swing, and PSAR flipped agin for the move to...
I'm feeling a documentation session coming on after work on double tops and bottoms. Thanks for this Shaun.
Never Give Up
  • #10,283
  • Jul 4, 2017 7:16am Jul 4, 2017 7:16am
Quoting dove_alliance
{quote} The reason for the higher high is because there was no flip on the H2 Parabolic. The reason for the Double Top was because of the Swing. And the general rule on a Double Top is a reversal. This does not happen often; but when it does you now know what is happening. I believe this is my first post on the Double Top and Double Bottom. If you get a Double Bottom the scenario is the same. It is not often you get ROMAR with such power with a swing. Most times ROMAR is tracking center on a turn. But this time ROMAR was deep in[/highlight]...
I'm not sure I understood this part about ROMAR, What I understood is:

If ROMAR was closer (had less power), the swing would be easier to "see", and it could start a ROMAR downtrend with the crossing of EMA in this example. But since ROMAR is far away, trend could continue up, and we can't know yet.

I hope I'm not too wrong?

Cheers.
"Know thyself."
  • #10,284
  • Jul 4, 2017 7:55am Jul 4, 2017 7:55am
Quoting dove_alliance
{quote} The only option you have in closing a trade is 5 minutes before a Red Major news release. That is the rule.
Ok sir, it will not happen again. Thank you. And I am absolutely impressed by the power of the paradox from the double top explanation you gave yesterday. It went down as you said it would, this just demonstrates what an incredibly powerful system we have in our hands. Wow, just wow I am amazed.
Consistency is a state of mind
  • #10,285
  • Jul 4, 2017 10:04am Jul 4, 2017 10:04am
Quoting Retrogue
Just to clarify crystal clear, where was the correct entry for this scenario, was it the open below smooth, or Shaun's entry or the open with purple at smooth for the crossing verifying the automatic turn? Or other I havent mentioned?
On the uptrend it is the close bar beneath Smooth and on the downtrend it is the close bar above Smooth for the entry.
The Dove - Forex Trainer
  • #10,286
  • Jul 4, 2017 10:19am Jul 4, 2017 10:19am
Quoting dove_alliance
{quote} On the uptrend it is the close bar beneath Smooth and on the downtrend it is the close bar above Smooth for the entry.
Thank you
Never Give Up
  • #10,287
  • Jul 4, 2017 10:50am Jul 4, 2017 10:50am
Quoting miau1
{quote} I'm not sure I understood this part about ROMAR, What I understood is: If ROMAR was closer (had less power), the swing would be easier to "see", and it could start a ROMAR downtrend with the crossing of EMA in this example. But since ROMAR is far away, trend could continue up, and we can't know yet. I hope I'm not too wrong? Cheers.
With ROMAR in the valley we need this scenario to be created for it to continue down:

White must create a slider and not a reversal keeping the market sideways in a 20 pip ranging mark; or a very shallow swing. This will give the SAR an opportunity to connect with the Parabolic for the continuation of this down and place ROMAR within striking distance. We are at the top and this could very well play out for a couple of days.

OR

Get another flip of the H2 Parabolic and head north again with ROMAR. But - no matter what happens we need ROMAR inside the BB's trading area for this continue south.
The Dove - Forex Trainer
  • #10,288
  • Jul 4, 2017 11:01am Jul 4, 2017 11:01am
For clarity's sake, as I'm not clear that everyone completely understands (Dana, correct me here if my thinking as askew in any way). The double top, double bottom pattern is a classic universal chart pattern that extends outside the Paradox trading system and therefore belongs to the rules of trading generally. Therefore, yes of course, we observe it within the Paradox and its rules.
  • #10,289
  • Jul 4, 2017 11:12am Jul 4, 2017 11:12am
Quoting Therapsid
For clarity's sake, as I'm not clear that everyone completely understands (Dana, correct me here if my thinking as askew in any way). The double top, double bottom pattern is a classic universal chart pattern that extends outside the Paradox trading system and therefore belongs to the rules of trading generally. Therefore, yes of course, we observe it within the Paradox and its rules.
Yes - as I had stated - it is a general rule and not a rule of the Paradox. But - this pattern is the ONLY pattern I recognize because of its power.
The Dove - Forex Trainer
  • #10,290
  • Jul 4, 2017 11:21am Jul 4, 2017 11:21am
Quoting dove_alliance
{quote} Yes - as I had stated - it is a general rule and not a rule of the Paradox. But - this pattern is the ONLY pattern I recognize because of its power.
All of this extremely intriguing insight Dana, thank you for sharing with us.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,291
  • Jul 4, 2017 11:40am Jul 4, 2017 11:40am
Quoting shinny
{quote} Hello Your biggest problem is over-complicating things. Lets start from the beginning. EMA and ROMAR crossed on 16th June. Whats the rule when EMA/ROMAR cross? The market will retest ROMAR. The market did exactly that. Then we had spaghetti around ROMAR with EMA/ROMAR too close together. On the 23rd June, PSAR flipped for the up, with EMA turned up. So we had the four horsemen all set for the up. From then until 29th June, PSAR never flipped. Then the PSAR flipped and market retraced, put in a swing, and PSAR flipped agin for the move to...
Hi Shinny,

Thank you very much for taking the time & trouble to reply.


Best wishes,

Maas
  • #10,292
  • Jul 4, 2017 11:43am Jul 4, 2017 11:43am
Quoting dove_alliance
{quote} Yes - as I had stated - it is a general rule and not a rule of the Paradox. But - this pattern is the ONLY pattern I recognize because of its power.
"the ONLY pattern I recognize" very good to know, very insightful and helpful. Thank you again for all your instruction!
  • #10,293
  • Jul 4, 2017 11:54am Jul 4, 2017 11:54am
Quoting Therapsid
{quote} "the ONLY pattern I recognize" very good to know, very insightful and helpful. Thank you again for all your instruction!
The double top and double bottom has to do with support and resistance. And it is hard to recognize unless you know how they are produced. Even though they are not part of the Paradox rule - they are part of the Paradox because of support and resistance.
The Dove - Forex Trainer
  • #10,294
  • Jul 4, 2017 12:46pm Jul 4, 2017 12:46pm
Quoting shinny
Hello Traders As Dana was saying, that particular scenario is not one that happens often and takes a bit of recognising. I saw what was happening and went short at the top. My entry wasnt perfect but when these things go they usually go. I noticed this scenario through many, many hours of scrolling and wondering why sometimes the market just turns. I even checked news events on these days to see if it was news related, sometimes there was news and other times there was not. So thanks Dana for clarifying this for me in relation to the Parabolic....
Hi Shaun,
I just wanted to double check something if it's ok. By higher right high and lower right low; was that referring to the higher high bar that you entered on and very next bar that went lower or was it another term for the double top? Thanks
The quieter you become, the more that you can hear.
  • #10,295
  • Jul 4, 2017 1:02pm Jul 4, 2017 1:02pm
Quoting OliveBranch
Just checking please regarding Double Top. We are talking about H2 bar to H2 bar aren't we?......and ARE NOT talking about higher DB to higher DB. By this my reference to higher DB to higher DB values i mean is the DB locked in on June 29th = 128.820 & today's session's Higher DB = 128.956 ? Just wanting to be clear in this for myself and not be confused nor the cause of any confusion. Yes i'm a ......yet not forever. Edit: OK, i believe i'm clear on this & it is we ARE looking at the DB's June 29th & today. All good.
Oli - you need to go back and study what I said. NO-WHERE did I mention the DB. You need to read exactly what is said and not what you think. And there you go - trying to be analytical again.
The Dove - Forex Trainer
  • #10,296
  • Jul 4, 2017 1:20pm Jul 4, 2017 1:20pm
Quoting Adaptation
{quote} Ok sir, it will not happen again. Thank you. And I am absolutely impressed by the power of the paradox from the double top explanation you gave yesterday. It went down as you said it would, this just demonstrates what an incredibly powerful system we have in our hands. Wow, just wow I am amazed.
Adaptation, let me go through a couple things you missed on your plan:

First of all we were at higher high and on your trading plan you placed the same rules as your previous plan. On your previous plan you had the pip count to the higher high. On this plan you had piratically nothing on a pip count. You had recognized there was a problem with getting above this high. My question would be: Why pull the trigger knowing there was a problem? I would say you figured you can use the same rules and get away with it. As you can see - that did not work and the reason is because every scenario is different. You have to recognize support and resistance and understand that both are stoppers in the market. This is one reason traders lose their trades because they are trading against resistance and/or support. One of the Golden Rules of trading is go long off SUPPORT and go short off RESISTANCE. Counter trade either one and you had lost your trade.
The Dove - Forex Trainer
  • #10,297
  • Jul 4, 2017 1:44pm Jul 4, 2017 1:44pm
Quoting dove_alliance
{quote} Adaptation, let me go through a couple things you missed on your plan: First of all we were at higher high and on your trading plan you placed the same rules as your previous plan. On your previous plan you had the pip count to the higher high. On this plan you had piratically nothing on a pip count. You had recognized there was a problem with getting above this high. My question would be: Why pull the trigger knowing there was a problem? I would say you figured you can use the same rules and get away with it. As you can see - that did not...
Got it sir, thank you for your teachings. I'll keep on studying.
Consistency is a state of mind
  • #10,298
  • Jul 4, 2017 2:25pm Jul 4, 2017 2:25pm
Quoting dove_alliance
{quote} Oli - you need to go back and study what I said. NO-WHERE did I mention the DB. You need to read exactly what is said and not what you think. And there you go - trying to be analytical again.
Shall do.
Thanks
If you make up your own rules then the story is sad.....
  • #10,299
  • Jul 4, 2017 3:17pm Jul 4, 2017 3:17pm
Quoting SolitudeFx
{quote} Hi Shaun, I just wanted to double check something if it's ok. By higher right high and lower right low; was that referring to the higher high bar that you entered on and very next bar that went lower or was it another term for the double top? Thanks
Hello

No I meant the DT right been slightly higher than the DT left, and the DB right been slightly lower than the DB left. This isn't Paradox specific but its a well known pattern, its a retest of S/R but the banks push it some more to knock out the shorts from the top and longs from the bottom, and pick up there trades.

Talking within the Paradox now, this is a really powerful concept in conjunction with the PSAR and ROMAR. Pretty incredible stuff! I'm glad Dana clarified this, as I couldn't put my finger on it exactly but now its clear as day. We learn something with this system continually!

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,300
  • Jul 4, 2017 3:46pm Jul 4, 2017 3:46pm
Quoting shinny
{quote} Hello No I meant the DT right been slightly higher than the DT left, and the DB right been slightly lower than the DB left. This isn't Paradox specific but its a well known pattern, its a retest of S/R but the banks push it some more to knock out the shorts from the top and longs from the bottom, and pick up there trades. Talking within the Paradox now, this is a really powerful concept in conjunction with the PSAR and ROMAR. Pretty incredible stuff! I'm glad Dana clarified this, as I couldn't put my finger on it exactly but now its clear...
Thank you for helping me understand that. I was speechless watching that 100 pip breakout after Dana explained it so clear before the fact.

Regards,
John
The quieter you become, the more that you can hear.
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