The Paradox System | Page 536 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The paradox System 2023 (for beginners) 724 replies

Paradox System: post your entry here 12 replies

Paradox system avg monthly ROR for last 12 months 33 replies

Learning the Paradox System=Set up / Trade Plan / Results Only 1 reply

lets talk about the system called PARADOX 2 replies

Attachments: The Paradox System
Exit Attachments

The Paradox System

  • #10,701
  • Jul 27, 2017 1:48pm Jul 27, 2017 1:48pm
Quoting jakdan
{quote} Trade evaluation: + 40 from the market. No patience and anticipating gave me 8 hrs of stress. Not a good entry by any standards......... going to start to take the dog out at 07.00 so i cant be tempted.
Been there many a time mate, still finding patience is always tested.

I'm hoping that with more demo testing with good results it will give me the confidence to wait for the trade to come to me - I normally trade Ichi live on EU and others, however today I took a look at it with the Paradox whilst EJ was sorting itself out......didn't trade, just watched, and my word it was a text book Paradox picture from the retrace!

Once I have a few EJ ones like that under my belt I'll start posting trading plans again - I certainly won't be giving up.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,702
  • Jul 27, 2017 2:19pm Jul 27, 2017 2:19pm
Quoting jakdan
{quote} Trade evaluation: + 40 from the market. No patience and anticipating gave me 8 hrs of stress. Not a good entry by any standards......... going to start to take the dog out at 07.00 so i cant be tempted.
OK Jakdan - apparently you missed my posting with the double top which had placed us in a ranging mode with the H2 SAR. And with your entry you had a long wait for the SAR attaching back on top for the short. What you had missed was the H4 Parabolic as support.

So let me clarify the risk you took. If the Daily Purple had held support with the H4 parabolic you still would be in this trade on waiting mode. You had the SAR on top with the DB on top also. With a full blown uptrend the risk was breaking out on top bring both the DB/SAR together for a continuation of the uptrend. But instead - the Daily took it to the Daily EMA support. The risk is not knowing which one of these two scenarios was too happen. Both the H2 and the H4 were in an EMA slider for the uptrend. That alone was a risk in itself - not to mention the SAR was attached on the bottom for the up in the ranging mode when the trigger was pulled going short. There was just to many variables against you in going short at that time.

Bottom line - you always look for the risk before looking for profit. That is called money management. If the RISK outweighs the PROFIT - then you wait until the market comes to you. You should go back and read in what I have stated about patience and anticipating not long ago.
The Dove - Forex Trainer
  • #10,703
  • Jul 27, 2017 4:03pm Jul 27, 2017 4:03pm
So you traders know - we are still in the ranging mode with about a 100 pip spread between the marks with a new low. ROMAR still in power with the Daily 4 Horsemen for the uptrend; and both the DB/SAR on the bottom of the H2 and Daily. Keep this in mind on your next trading plan as the breakout can go either way. This is your opportunity in using the SAR in benefiting you.

EDIT: Let me rephrase that - H2 and H4 with the DB/SAR - not the Daily.
The Dove - Forex Trainer
  • #10,704
  • Jul 27, 2017 6:02pm Jul 27, 2017 6:02pm
Quoting dove_alliance
So you traders know - we are still in the ranging mode with about a 100 pip spread between the marks with a new low. ROMAR still in power with the Daily 4 Horsemen for the uptrend; and both the DB/SAR on the bottom of the H2 and Daily. Keep this in mind on your next trading plan as the breakout can go either way. This is your opportunity in using the SAR in benefiting you. EDIT: Let me rephrase that - H2 and H4 with the DB/SAR - not the Daily.
Dove, I'd love a clarification on why the market is still in ranging? Neither me or my friend can figure it out.
In both of our eyes, it looks as if the breakout already occured. So if I may ask, how did you determine that the market is still in ranging?

Thank you!
  • #10,705
  • Jul 27, 2017 6:54pm Jul 27, 2017 6:54pm
If the ranging question can be an exercise for the students, I would say look at the Daily. It's been in a 200 pip range for a couple of weeks now. The Daily lower BB is inside the ROMAR which as said in the ranging tutorial keeps us in ROMAR ranging; presumably with the 2H ROMAR.? I don't have clarity with what exactly is ROMAR ranging. The 2H ROMAR has been right down the middle of this two week range so perhaps that is it.
  • #10,706
  • Edited Jul 28, 2017 12:57am Jul 27, 2017 9:27pm | Edited Jul 28, 2017 12:57am
Hello everyone, I am a new face here, since study this thread 1 month ago from the 1st page, today I would like to submit the trading plan.
Could you help me to review, and your comment is very thankful. And thank you so much Mr.Dove that giving us the knowledge, and coaching.

Here is my trading plan;
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 220 KB

<Daily>
ROMAR : Resistance
EMA: Resistance
PSAR: Resistance
SAR: on the top of last 2 days
DB: on the top of last week
Fibo: Red
MACD: under
Note: It is in the uptrend. ROMAR is under the BB which become shallow. Opened price of today is at Smooth line, and retraced at its EMA.

<2H>
ROMAR: Support
EMA: Resistance
PSAR: Resistance
SAR: at the bottom
DB: at the bottom of same candle with SAR
Fibo: Green
MACD: Under
Note: It is in the down swing with ROMAR as support.

<1H>
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance
SAR: at the bottom
DB: at the bottom and same candle with SAR
Fibo: Green
MACD: under
News: No major news today
Note: Purple cross White and Smooth up and squeeze along together with EMA Resistance far from them.

Final note: looking at EMA of 2H, it still not cross ROMAR , then still be uptrend, even the swing is down but could be the end. Waiting for setup clear.
Entry Long: when 2H purple cross smooth and ROMAR up, and the opened candle is above EMA.
Entry Short: when 2H EMA cross ROMAR down, and candle retrace at EMA.

Thank you for your kind suggestion
  • #10,707
  • Jul 28, 2017 1:45am Jul 28, 2017 1:45am
Date: 28/07/17 7.40 GMT EUR/JPY

Daily: Open below Smooth
ROMAR - Support
EMA - Support
PSAR – Support

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: UP
Last DB Attachment: 130.753 top
Fibo: Down

Notes: The Daily has the 4 horsemen flat to up, open below smooth with +40 to PSAR support. Green divergence attached at the L/H with SAR top. The DB attached at the high at the 0 red fibo with now magenta tag, No green divergence. MACD just below 0. Romar out of trading area. BB’s closing.

2 HR:
OPEN PRICE – 129.825 – 129.864
ROMAR - Support
EMA - Resistance
PSAR – Resistance E

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 129.534 bottom
Fibo: Down

Notes: The 2 hour has the four horsemen running South and just turning. DB/SAR attached at the low with LSB divergence, EMA, MACD Arrows not in order!!. BB’s opening up for the down swing to continue?? Double bottom……..

1 HR:
ROMAR - Resistance
EMA – Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Down
Last DB Attachment: N/A
Fibo: Up

Notes: The 1 hour has the four horsemen just turning over heading South, psar holding resistance. MACD just above 0. BB’s closing both outside the fibo.

Final Notes for all three charts: the market is in consolidation. Market opened below D smooth with + 40 to PSAR. H2 still looking for down Bar opened just below smooth Resistance with + 40 to lower bb which are wide open. (H4 DB/SAR bottom, romar Support but horsemen strong down)


Entry:
Consolidation: Waiting PATIENTLY for PSAR
Long:
Short:

NEWS: 1.30 USA News

After trade notes:
Stop killing our Oceans, Stop using single use plastics.
  • #10,708
  • Jul 28, 2017 2:21am Jul 28, 2017 2:21am
Attached Image (click to enlarge)
Click to Enlarge Name: QQ截图20170728150934.png Size: 31 KB
  • #10,709
  • Edited 3:43am Jul 28, 2017 3:25am | Edited 3:43am
Session New York: EUR - JPY 280717
0400hrs EST

Daily
ROMAR: Support (out of Trading Zone)
EMA: Support
Parabolic: Support
Notes: Four Horsemen up. SAR attached just below 0.00 FIBO. FIBO Red. Opened at Smooth went down to Daily EMA.

H2
ROMAR: Support
EMA: Resistance
Parabolic: Resistance Eliminated
Notes: Purple/White cross, possibly Parabolic flip, last DB/SAR attached below - however 2H 0400 candle opened above Daily Smooth

H1
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen down, under EMA, currently in a slider. Trend EMA arrow UP. MACD UP. Fibo Green.

Final Notes: as identified we are in Consolidation and ROMAR ranging. We are at the bottom (ish) of the Range due to the DB/SAR attachment on H2, waiting for a breakout either way from the H2 Horsemen (EDIT).

Rules: Daily Smooth is a powerful tool. In the moment there was a possible breakout north on the H2, EMA Arrow UP, however the Parabolic hadn't flipped - the 0400 candle however opened above Daily Smooth in an UPTREND.

Adjustments:

Entry: Long on candle open above Daily Smooth

Result:

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2 280717.png Size: 99 KB
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,710
  • Jul 28, 2017 4:00am Jul 28, 2017 4:00am
Quoting jakdan
Date: 28/07/17 7.40 GMT EUR/JPY Daily: Open below Smooth ROMAR - Support EMA - Support PSAR Support Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: UP Last DB Attachment: 130.753 top Fibo: Down Notes: The Daily has the 4 horsemen flat to up, open below smooth with +40 to PSAR support. Green divergence attached at the L/H with SAR top. The DB attached at the high at the 0 red fibo with now magenta tag, No green divergence. MACD just below 0. Romar out of trading area. BBs closing. 2 HR: OPEN PRICE 129.825 129.864 ROMAR - Support EMA...
Missed PSAR. Waited for small retrace (luckily) for + 40 to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: missed SAR waited for 40.PNG Size: 185 KB
Stop killing our Oceans, Stop using single use plastics.
  • #10,711
  • Jul 28, 2017 7:14am Jul 28, 2017 7:14am
Quoting Andiroo
Session New York: EUR - JPY 280717 0400hrs EST Daily ROMAR: Support (out of Trading Zone) EMA: Support Parabolic: Support Notes: Four Horsemen up. SAR attached just below 0.00 FIBO. FIBO Red. Opened at Smooth went down to Daily EMA. H2 ROMAR: Support EMA: Resistance Parabolic: Resistance Eliminated Notes: Purple/White cross, possibly Parabolic flip, last DB/SAR attached below - however 2H 0400 candle opened above Daily Smooth H1 ROMAR: Resistance EMA: Resistance Parabolic: Resistance Notes: Four Horsemen down, under EMA, currently in a slider. Trend...
Result: +40 from the market

Evaluation: Patience. It was all about the Daily Smooth saying to me in advance what was going to happen, before H2 Purple/Smooth, before H2 Parabolic flip. Quite happy with my understanding of that.

Lessons learnt? Study H4 chart more - the H4 Parabolic stopped my trade in it's tracks 2 Pips from the 40 on the 0400 EST candle, and almost identically on the 0600 EST candle, just squeezed through. Should have not waited 7 mins before pulling the trigger, would have had 40 pips two hours ago!


Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,712
  • Jul 28, 2017 8:03am Jul 28, 2017 8:03am
Quoting shtianfa
{image}
Why do you keep posting this exact same image on different threads?
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,713
  • Jul 28, 2017 9:07am Jul 28, 2017 9:07am
Quoting matrix2017
Hello everyone, I am a new face here, since study this thread 1 month ago from the 1st page, today I would like to submit the trading plan. Could you help me to review, and your comment is very thankful. And thank you so much Mr.Dove that giving us the knowledge, and coaching. Here is my trading plan; {image} <Daily> ROMAR : Resistance EMA: Resistance PSAR: Resistance SAR: on the top of last 2 days DB: on the top of last week Fibo: Red MACD: under Note: It is in the uptrend. ROMAR is under the BB which become shallow. Opened price of today is at...
I could not entry Long as the plan, anyway finally, after waiting I entried at the 1H hitting at the EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH1.png Size: 34 KB


Thank you
  • #10,714
  • Jul 28, 2017 9:39am Jul 28, 2017 9:39am
Quoting shinny
{quote} Why do you keep posting this exact same image on different threads?
I was asking myself the same question. He will no longer be posting here.
The Dove - Forex Trainer
  • #10,715
  • Jul 28, 2017 9:43am Jul 28, 2017 9:43am
Quoting jakdan
{quote} Missed PSAR. Waited for small retrace (luckily) for + 40 to enter. {image}
Jakdan - you are having problems with either entering to late or to early. So for now on post the rules for your entries.
The Dove - Forex Trainer
  • #10,716
  • Jul 28, 2017 9:47am Jul 28, 2017 9:47am
Quoting Andiroo
{quote} Result: +40 from the market Evaluation: Patience. It was all about the Daily Smooth saying to me in advance what was going to happen, before H2 Purple/Smooth, before H2 Parabolic flip. Quite happy with my understanding of that. Lessons learnt? Study H4 chart more - the H4 Parabolic stopped my trade in it's tracks 2 Pips from the 40 on the 0400 EST candle, and almost identically on the 0600 EST candle, just squeezed through. Should have not waited 7 mins before pulling the trigger, would have had 40 pips two hours ago! Cheers, Andy
This was a very good trade. DB/SAR on the bottom and took entry before the SAR on the ranging. The entry was with the White/Smooth sequence which took your trade straight to profit. Your patience had paid off.
The Dove - Forex Trainer
  • #10,717
  • Jul 28, 2017 10:03am Jul 28, 2017 10:03am
Quoting dove_alliance
{quote} This was a very good trade. DB/SAR on the bottom and took entry before the SAR on the ranging. The entry was with the White/Smooth sequence which took your trade straight to profit. Your patience had paid off.
Thank you sir, it is a reflection of your teaching if you don't mind me saying.

May I ask if I was correct in that I'd missed the H4 Parabolics were a very strong resistance in my trade?


Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,718
  • Jul 28, 2017 10:21am Jul 28, 2017 10:21am
Quoting Andiroo
{quote} Thank you sir, it is a reflection of your teaching if you don't mind me saying. May I ask if I was correct in that I'd missed the H4 Parabolics were a very strong resistance in my trade? Cheers, Andy
In a ranging mode support and resistance are not as strong as it would be in either trend and consolidation. The SAR is what you trade in ranging with the DB attaching. What this means is you trade the SAR from the position of the DB. If the DB is on top you trade the SAR from the top. If the SAR is on the bottom then you trade the SAR from the bottom. As an example:

DB and SAR on top together. The SAR breaks loose and attaches on the bottom. This is where patience is critical; most times there are not 40 pips back to the top. So wait on the SAR to reattached on the top and take entry for the short and the reason is because the DB will then attaches with the SAR on the bottom. Vice-versa for the long.
The Dove - Forex Trainer
  • #10,719
  • Jul 28, 2017 10:36am Jul 28, 2017 10:36am
Quoting dove_alliance
{quote} In a ranging mode support and resistance are not as strong as it would be in either trend and consolidation. The SAR is what you trade in ranging with the DB attaching. What this means is you trade the SAR from the position of the DB. If the DB is on top you trade the SAR from the top. If the SAR is on the bottom then you trade the SAR from the bottom. As an example: DB and SAR on top together. The SAR breaks loose and attaches on the bottom. This is where patience is critical; most times there are not 40 pips back to the top. So wait on...
Clear sir, thank you.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #10,720
  • Jul 28, 2017 5:22pm Jul 28, 2017 5:22pm
Right now D1 EMA is holding support while H4 PSAR is acting as resistance with H2 ROMAR in the mix. Space is tightening. Eager to see what will happen next week.
4 traders viewing now