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The Paradox System

  • #10,961
  • Aug 18, 2017 4:11pm Aug 18, 2017 4:11pm
Quoting shinny
Hello Traders I have been camping with my family, but I'm back now. I have been watching the market and also the thread, Dana has been his usual gracious self in answering questions, and Nikki - what a trade you did selling the top! I LOVED that, 100% Paradox trade, I think it was Monday? Wow, that was trading in the moment and with the rules. Love it! Keep it up buddy! Have a Blessed and Wonderful Weekend all. Regards Shaun
!
Yeah I believe it was around then, high praise Shaun, thank you! Slow and steady wins the race, or in this case helps one further along on their trading journey.
  • #10,962
  • Aug 19, 2017 3:39am Aug 19, 2017 3:39am
I just want to express my gratitude for the help I received yesterday. I sense much synergy and cooperation among members here with traders like Nikitafen, Olive, Jakadan chipping in with posts and pm's to help out with my initial setup issues. last few years, I lost substantial funds on purchased systems that did not work, the support I received here was above any of those pricy products I wasted resources on.

I deleted my earlier post with questions as I already got answers and will refrain from distracting the forum from its real purpose which is learning to trade like professional traders.

My good fortune to be associated with the people here. I look forward to ups and downs during the learning experience to follow in the weeks and months to come.
  • #10,963
  • Aug 19, 2017 1:09pm Aug 19, 2017 1:09pm
There is another question I'd like to ask and I hope nobody minds me asking. Can anybody tell anything wrong or a problem with my charts? Is everything right and doing fine. I'd like to know if my broker is good for using the Paradox System. This system is indeed one of the best I've seen and the problem will come from the broker and not the system so I'd like to know if my broker is doing good with it's data. I would like to also ask anyone to post their chart so I can compare mine. If there is something wrong with my chart for this Fridays closing I'd like to compare it with the right chart

Thanks in advance.

Here are my charts. It's EUR/JPY

H1
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H2
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H4
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Daily
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Patience and Discipline, these are the Holy Grail.
  • #10,964
  • Aug 19, 2017 1:28pm Aug 19, 2017 1:28pm
Quoting marcnathan88
There is another question I'd like to ask and I hope nobody minds me asking. Can anybody tell anything wrong or a problem with my charts? Is everything right and doing fine. I'd like to know if my broker is good for using the Paradox System. This system is indeed one of the best I've seen and the problem will come from the broker and not the system so I'd like to know if my broker is doing good with it's data. I would like to also ask anyone to post their chart so I can compare mine. If there is something wrong with my chart for this Fridays closing...
This issue has been discussed extensively and your broker is the wrong broker for the Paradox.
The Dove - Forex Trainer
  • #10,965
  • Aug 20, 2017 12:02am Aug 20, 2017 12:02am
Quoting dove_alliance
{quote} This issue has been discussed extensively and your broker is the wrong broker for the Paradox.
Apologies for asking sir and thanks for letting me know. I just wanted to know what was specifically wrong with my charts but I shall continue my study and open a demo account with the right broker. From what I've read back then it was forex.com

Thanks again sir
Patience and Discipline, these are the Holy Grail.
  • #10,966
  • Aug 20, 2017 3:04am Aug 20, 2017 3:04am
Quoting marcnathan88
{quote} Apologies for asking sir and thanks for letting me know. I just wanted to know what was specifically wrong with my charts but I shall continue my study and open a demo account with the right broker. From what I've read back then it was forex.com Thanks again sir
If you load the correct broker charts you will likely find they are correct. Upload them here and somebody will cross reference them with their own.

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,967
  • Aug 20, 2017 6:45am Aug 20, 2017 6:45am
Quoting shinny
{quote} If you load the correct broker charts you will likely find they are correct. Upload them here and somebody will cross reference them with their own. Regards Shaun
Thank you Sir. That's what I wanted. Cross check and compare my charts to the one that is correct. I wanted to know how my charts during the weekend look like compared to the right chart on a weekend also. Honestly I may not be able to tell the difference between the correct charts and the one that has issues. My charts looked right to me but Sir Dana has told me already it's not right so I will have to open a demo account with forex.com. I was just curious to know what exactly was the problem with my charts. Anyway I shall continue with my studies now. I'm at page 83 already. I'm going slow a little so I can digest and truly understand what I'm reading. I am also making a word document compiling post that I think is very important so I can refer to them anytime and keep reading them.

Thanks again Sir.
Patience and Discipline, these are the Holy Grail.
  • #10,968
  • Aug 20, 2017 7:27am Aug 20, 2017 7:27am
Dear Dana and traders,

Hope it's ok to post this on the Sunday night my time, that keeps me in line with my Monday morning routine of early to work.
Trading Plans for Monday 21st Aug 2017 EURJPY.

DAILY :

ROMAR : Support
EMA : Resistance
PSAR : Resistance
MACD : Down
Fibo : UP

With the daily Parabolic and ema pointing strongly down, and the white/smooth/purple in a consolidating downtrend as well, the primary ROMAR as support places it in consolidation. Gold divergence attached at the bottom of Friday closing candle along with DB and SAR. Market bounced off ROMAR on Friday, closing about 60 pips above.

H2:
ROMAR : Resistance
EMA : Support
PSAR : Resistance
Fibo : Up
MACD : Up.
Last DB attach : bottom
Last SAR attach : top

The white and smooth crossed purple for the swing into uptrend, the parabolic being eliminated as resistance, last 3 candles above ema and tocuhed the parabolic, with SAR attached at the parabolic 3 candles ago.

H1 :
ROMAR : Resistance
EMA : Support
PSAR : Support
Fibo : UP
MACD : UP
Last SAR/DB : both attached at the top
The H1 uptrend wrt the ROMAR/EMA as well as horsemen, is in agreement with the H2.

ENTRY : The daily favours a long which is in agreement with the h1 and H2, waiting on Parabolic flip on the H2. I would wait to see the opening candle 7 am AEDT tomorrow morning. I might have to wait till 2nd 2H candle for 2H parabolic to flip.

By which time I'd be at work, but my laptop would be running at home. With luck, I might be able to do a quick check of the charts remotely.

Charts attached below.

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  • #10,969
  • Aug 20, 2017 12:46pm Aug 20, 2017 12:46pm
Quoting marcnathan88
{quote} Thank you Sir. That's what I wanted. Cross check and compare my charts to the one that is correct. I wanted to know how my charts during the weekend look like compared to the right chart on a weekend also. Honestly I may not be able to tell the difference between the correct charts and the one that has issues. My charts looked right to me but Sir Dana has told me already it's not right so I will have to open a demo account with forex.com. I was just curious to know what exactly was the problem with my charts. Anyway I shall continue with...
No problem. Take your time, go over what you have read, and remember this is at least a 6 month process. The thread and most probably everyone else will still be here in the future.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,970
  • Aug 20, 2017 5:08pm Aug 20, 2017 5:08pm
NEWS: No Red News, EUR Orange news 5:00 AM
Sunday Trading Plan

Open: 138.603

Daily:

ROMAR - Support
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Bottom at 127.549
Last SAR Attachment - Bottom with DBat 127.549
Fibonacci - Green

Notes: 4 horsemen still down with White and Purple tight together. Fibo flipped to green with an outside the box flip. DB/SAR reattached to the bottom of the candle with golden divergence. A hit on ROMAR support with the market closing above it on the Friday candle. White, Purple, and the 23.6 Fibo are resistance, ROMAR and the 0 Fibo are support. 4 horsemen in consolidation towards ROMAR. Open candle above 23.6 Fibo resistance, now support, with gap up.

H4:

ROMAR - Resistance
EMA - Resistance
Psar - Resistance - eliminated

Checklist:

Last DB Attachment - Bottom at 127.549
Last SAR Attachment - Top 128.777
Fibonacci - Green

Notes: Fibo flipped to green on an outside the box flip. Market open above EMA with gap up. White crossed Purple to eliminate the Parabolics. H4 EMA is resistance with the 23.6 Fibo as support along with Smooth. On open candle Smooth is at the crossing of Purple. Open above EMA and just under 38.2 Fibo Resistance.

H2:

ROMAR - Resistance
EMA - Resistance
Psar - Support (locked in now)

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Up
Last DB Attachment - Bottom at 127.549
Last SAR Attachment - Top at 128.777
Fibonacci - Green

Notes: Fibo green, Parabolics are eliminated as resistance with White and Purple, and when that happens there is still the possibility of the market bouncing off them. Smooth and White have crossed Purple. Smooth at the crossing of White. EMA arrow on the candle previous to the MACD arrow. SAR attached above the Parabolics. Parabolics Support will be locked in with the open of the 18:00 EST candle. Paradox showing a change of trend with the swing up.

H1:

ROMAR - Resistance
EMA - Support
Psar - Support

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last MA Alert Arrow - Up
Last DB Attachment - null
Fibonacci - Green

Notes: The 4 horsemen are in trend up above EMA. Parabolics locked in and heading for ROMAR resistance. Upper Bollinger Band in no man’s land

Final Notes: Market in consolidation. The daily and H4 is at the bottom of the Fibo with DB/SAR and golden divergence attached to the bottom of the candle. Market imbalanced with Purple. The H2 swing is now up with the Parabolics locked in and EMA crossing Purple for the swing up. H4 market is opened above EMA. The Fibo flipped outside the box on H4 and Daily on Friday and all Fibos are green on all 4 charts. H2 SAR is attached on top but with the market being at the bottom of the Fibo and the trend now up with the open of the 18:00 candle the market will be waiting on the DB attachment higher.

Entry: Long

Long: open at support off the H2 horsemen with reference to the H1

Entered: Open candle at 18:00 on open candle slightly above H2 purple and H1 smooth @128.505

Rules:

40 pip count to ROMAR on H2

Consolidation, so trading is both ways

White was at the crossing of Purple and then Smooth was at the crossing of Purple on the next candle - the 14:00 GMT candle was White at the crossing of Purple. Before that White and Purple were heading down together with the trend down, then the 16:00 GMT candle Smooth was at crossing of White (I hope I am not making the same mistake again where last time I stated this rule there was actually an extra candle between the White-Purple and Smooth-Purple crossings, and that made it at EMA slider).
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  • #10,971
  • Edited 8:49pm Aug 20, 2017 8:37pm | Edited 8:49pm
D1

Romar- Support
EMA- Resistance
PSAR- Resistance
4Horsemen DOWN
H4
Romar- Resistance
EMA- Resistance
PSAR- Resistance
Slider with white/smooth touching ahead of EMA/purple
H2
ROMAR- Resistance
EMA- Support
PSAR- Support
Another Slider with white/smooth crossing ahead of EMA/purple
SAR attachment up at 128.777

H1
ROMAR- Resistance
EMA- Support
PSAR- Support

I'll go short in obedience with what the daily is telling me. ROMAR is resistance on H4, H2, and H1. Plenty of pips to D1 ROMAR support. Wait for the purple/white crossing below Smooth on H2.
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  • #10,972
  • Aug 21, 2017 3:25am Aug 21, 2017 3:25am
Quoting rad1958
Dear Dana and traders, Hope it's ok to post this on the Sunday night my time, that keeps me in line with my Monday morning routine of early to work. Trading Plans for Monday 21st Aug 2017 EURJPY. DAILY : ROMAR : Support EMA : Resistance PSAR : Resistance MACD : Down Fibo : UP With the daily Parabolic and ema pointing strongly down, and the white/smooth/purple in a consolidating downtrend as well, the primary ROMAR as support places it in consolidation. Gold divergence attached at the bottom of Friday closing candle along with DB and SAR. Market...
Trade stopped out.
Evaluation : I saw one part of the bigger picture which was - the H2 white/smooth crossing of purple to jump to a conclusion. What I did not account for is - the daily traned was down, the 2H SAR was attached at the PSAR, "in stone", so to say. Hmm ... think I need to get away from seeing just what I want to see :-(
  • #10,973
  • Aug 21, 2017 6:10am Aug 21, 2017 6:10am
Hello Traders

Here is my trade from today for +40:

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Attached Image


The SAR connection on the bottom, MACD above zero line on the 2hr. We have had multiple divergence on the 2hr chart and also the Daily at ROMAR. When I took the trade I had nearly 40 pips until 2hr Purple, that was crossing with EMA. My plan called for a long at the bottom, or a short from resistance, so I took the first trade that presented itself to me in my allotted time.

Hope that helps.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,974
  • Aug 21, 2017 8:29am Aug 21, 2017 8:29am
Quoting shinny
Hello Traders Here is my trade from today for +40: {image} {image} The SAR connection on the bottom, MACD above zero line on the 2hr. We have had multiple divergence on the 2hr chart and also the Daily at ROMAR. When I took the trade I had nearly 40 pips until 2hr Purple, that was crossing with EMA. My plan called for a long at the bottom, or a short from resistance, so I took the first trade that presented itself to me in my allotted time. Hope that helps. Shaun
Hey everyone, just introducing myself- name's Dom. To stay with the matrix theme i took the "red pill" on Friday and spent the weekend studying. There's 549 pages and I've only gotten through the first 20 so bear with me. But I think I'm making progress and gaining an understanding of the system.

Looking at Nikitafen's trade plan (no offense nikitafen) could you say it was incorrect because on the 2 hour Romer was resistance and the trend was going down despite the four horsemen pointing up? Even though purple recently crossed smooth, white, and EMA, and the parabolic switched, putting in a long at that point would still be going against the trend?

If you waited and took the short later on when purple crossed white on the 2 hour (on its way to crossing smooth and EMA), you would have made the 40 pips, but the parabolics hadn't flipped at that point. So wouldn't that have been against the rules to place the short at that moment?

Thanks,

Dom
  • #10,975
  • Aug 21, 2017 9:44am Aug 21, 2017 9:44am
Quoting Nikitafen
NEWS: No Red News, EUR Orange news 5:00 AM Sunday Trading Plan Open: 138.603 Daily: ROMAR - Support EMA - Resistance Psar - Resistance Checklist: Last MACD 0 Crossing - Down Last EMA Alert Arrow - Down Last DB Attachment - Bottom at 127.549 Last SAR Attachment - Bottom with DBat 127.549 Fibonacci - Green Notes: 4 horsemen still down with White and Purple tight together. Fibo flipped to green with an outside the box flip. DB/SAR reattached to the bottom of the candle with golden divergence. A hit on ROMAR support with the market closing above it...
Hello Niki - here is your notes for your trading plan and I'm writing this evaluation after seeing your entry this evening and have it ready for tomorrow morning:

Daily Notes>

Notes: 4 horsemen still down with White and Purple tight together. Fibo flipped to green with an outside the box flip. DB/SAR reattached to the bottom of the candle with golden divergence. A hit on ROMAR support with the market closing above it on the Friday candle. White, Purple, and the 23.6 Fibo are resistance, ROMAR and the 0 Fibo are support. 4 horsemen in consolidation towards ROMAR. Open candle above 23.6 Fibo resistance, now support, with gap up.

“1) 4 horsemen still down with White and Purple tight together – 2) White, Purple, and the 23.6 Fibo are resistance - “

These Two elements above was the foundation for the Daily and what you did not mention was EMA in a slider for the short. Most importantly – you had an up gap that needed to close going short.

“3) Open candle above 23.6 Fibo resistance, now support, with gap up.”

This 3rd element is also part of the Daily foundation with the 23.6 of the Daily being Resistance and does not become support UNTIL an open candle close/open above the 23.6 and then becomes support. The problem is the opening did get above the 23.6 but did so with an opening gap which means the 23.6 is still resistance because the closing bar will not happen until the next day.

H4 Notes>

Notes: Fibo flipped to green on an outside the box flip. Market open above EMA with gap up. White crossed Purple to eliminate the Parabolics. H4 EMA is resistance with the 23.6 Fibo as support along with Smooth. On open candle Smooth is at the crossing of Purple. Open above EMA and just under 38.2 Fibo Resistance.

I do not see any mention with EMA and the Parabolic as resistant. White crossing purple only eliminates the power of the Parabolic; but does not eliminate for what its stands for as support/resistance. With your entry you had EMA in a slider.

H2 Check list>

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Up
Last DB Attachment - Bottom at 127.549
Last SAR Attachment - Top at 128.777
Fibonacci - Green

H4 Check List

Checklist:

Last DB Attachment - Bottom at 127.549
Last SAR Attachment - Top 128.777
Fibonacci - Green

Now – with the H2/H4 SAR attached on top and the H4 with the Daily showing the down – which way is this market going for the SAR to reattached on the bottom?

The answer is the bottom because we are in consolidation which means swings for the uptrend with the Daily ROMAR as support. If you had waited for the SAR to reattached on the bottom the risk was limited with the H4 Parabolic as for the target.

For those who went long this evaluation is for you also.
The Dove - Forex Trainer
  • #10,976
  • Aug 21, 2017 9:47am Aug 21, 2017 9:47am
For you new traders - when you post your entry chart the entry must show on your H2 chart plus the rule(s) for your entry.
The Dove - Forex Trainer
  • #10,977
  • Aug 21, 2017 9:51am Aug 21, 2017 9:51am
Quoting SixSigma
{quote} Hey everyone, just introducing myself- name's Dom. To stay with the matrix theme i took the "red pill" on Friday and spent the weekend studying. There's 549 pages and I've only gotten through the first 20 so bear with me. But I think I'm making progress and gaining an understanding of the system. Looking at Nikitafen's trade plan (no offense nikitafen) could you say it was incorrect because on the 2 hour Romer was resistance and the trend was going down despite the four horsemen pointing up? Even though purple recently crossed smooth, white,...
Trader - this is your first post and you are not qualify to give another trader an evaluation of their trades.
The Dove - Forex Trainer
  • #10,978
  • Aug 21, 2017 10:16am Aug 21, 2017 10:16am
Quoting dove_alliance
{quote} Hello Niki - here is your notes for your trading plan and I'm writing this evaluation after seeing your entry this evening and have it ready for tomorrow morning: Daily Notes> Notes: 4 horsemen still down with White and Purple tight together. Fibo flipped to green with an outside the box flip. DB/SAR reattached to the bottom of the candle with golden divergence. A hit on ROMAR support with the market closing above it on the Friday candle. White, Purple, and the 23.6 Fibo are resistance, ROMAR and the 0 Fibo are support. 4 horsemen in consolidation...
Thank you, I see much clearly now, and I see i did indeed make simple mistakes in my trading plan. My evaluation is that it was a losing trade because I did not factor in the resistances on the H4 and Daily, and also the H2 SAR attachment on top and how the market would react to it to make an attachment on the bottom. More studying to do in seeing the big picture and bringing everything together.
  • #10,979
  • Aug 21, 2017 10:30am Aug 21, 2017 10:30am
Quoting Nikitafen
{quote} Thank you, I see much clearly now, and I see i did indeed make simple mistakes in my trading plan. My evaluation is that it was a losing trade because I did not factor in the resistances on the H4 and Daily, and also the H2 SAR attachment on top and how the market would react to it to make an attachment on the bottom. More studying to do in seeing the big picture and bringing everything together.
You have to be focus totally on each chart when creating your trading plan and seeing everything on each chart what could and can happen with each chart. You also need to learn in how to apply the rules for each scenario and build a foundation for your entry. Which means take your time in creating your plan. This way you can see the entry; especially in consolidation. Use Shaun's entry as an example because he had seen it both ways and took the right entry with the SAR. You can see into the future provided you build the foundation accordingly with the trend.
The Dove - Forex Trainer
  • #10,980
  • Aug 21, 2017 5:25pm Aug 21, 2017 5:25pm
Hello Everyone!!!

This is my first post in this thread. So at first I would like to thank Dove_Alliance (Dana) from the deep of my heart for sharing such a system. I never thought someone would do so in the field of Forex until I came to believe about this system. So Dana, may God bless you for your doings and also return the favor for what you have done selflessly. I would like to thank TradeALot for his dedication to summarize everything in doc file. I also would like to thank other members including SirViver, shinny, Contrax, snfx, JMaurice, mav3n, nonibadsha, jakdan, Nikitafen and many more for their dedication to this thread.

I have been reading this thread for about 3-4 weeks. I am normally a background guy. I have read about first 120 pages and about 50 pages from the last. I have got all my questions answered somewhere in the thread. I am running a demo for about 3 weeks which is in profit but full of mistakes. I like to do mistakes in learning period but I don’t like to do the same type of mistakes second time so that, before I go to live, all doors of mistakes be closed. I was doing self-evaluation of my trades. I maintain a journal book. But I feel that I am not enough for myself for evaluation. I need the help of other experienced traders. That’s why I decided to start posting in this thread.

My language is not English. So there might be some language problem. I hope you will understand. I will start posting my daily trading plan after some time when I am comfortable. A big problem is Sydney open is 3 am in my local time. It is very hard for me to check the first 3-4 candles of 2H. But I will see what I can do.

Finally, I would like to thank you all again for your dedication and time. I hope you don't feel disturbed about my posts... May our God bless us all…

Regards,
Ronin
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