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The Paradox System

  • #10,981
  • Aug 21, 2017 5:59pm Aug 21, 2017 5:59pm
Quoting Ronin303
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,...
Hello Ronin and welcome to the thread!

The best way, although it might seem tough at first, is to begin posting plans.

A long way past where you have read also states that you should post the rules of the scenario you are trading in. Dana introduced this later in the thread to help traders to think about what they wrote and included in their plan. Perhaps before doing a plan, you can search the thread for this, it will likely help you a lot.

Your language shouldn't be an issue. There are many none Native English speakers in the thread, so hopefully you can manage.

Best of luck, work hard, and persevere.

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,982
  • Aug 21, 2017 7:40pm Aug 21, 2017 7:40pm
NEWS: No Red News, EUR Orange news 5:00 AM
Monday Trading Plan

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 DB at 127.549
Fibonacci - Green

Notes: 4 horsemen down as resistance with EMA and ROMAR as Support. Fibo green. DB/SAR reattached to the bottom of the candle with golden divergence. Purple and White acting as resistance. 23.6 Fibo level is support. Market balanced with Purple. MACD still below 0. New Daily candle open candle at White. Daily chart is down with a consolidated downtrend for ROMAR support. Smooth, EMA and the Parabolics are resistance for the market.

H4:

ROMAR - Resistance
EMA - Resistance
Psar - Support

Checklist:

Last DB Attachment - Bottom at 129.17
Last SAR Attachment - Top 129.17
Fibonacci - Green

Notes: Purple, White and Smooth are in trend along with the Parabolics. EMA has crossed Purple. ROMAR and the 50.0 Fibo is resistance. SAR attached with DB on top. ROMAR above market acting as resistance along with the Fibo. Everything else is support.

Adjustments: ROMAR resistance hit. Market imbalanced with Purple.

H2:

ROMAR - Resistance
EMA - Support
Psar - Support

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - Top at 129.17
Last SAR Attachment - Top at 129.17
Fibonacci - Green

Notes: Parabolics are locked in. Purple, White and Smooth have crossed EMA. Upper band opening up for the up. The H2 chart is up in a consolidated uptrend for ROMAR resistance.

Adjustments: H2 candle close above ROMAR which is still resistance, so as a rule market must return back below ROMAR. Upper Bollinger Band is no longer expanding upwards and is in no man’s land.

H1:

ROMAR - Resistance (adjustments: ROMAR - Support)
EMA - Support
Psar - Support

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last MA Alert Arrow - Up
Fibonacci - Red

Notes: ROMAR resistance, the 4 horsemen and EMA are support. Fibo is red. ROMAR has not yet crossed EMA.

Adjustments: The H1 chart is up with ROMAR, EMA, and the 4 horsemen.

Final Notes: The daily 4 horsemen are down with the market opening at White and heading up to test Smooth, EMA and/or the Parabolics. The H4 chart is up with the 4 horsemen and EMA, and ROMAR as resistance. The H2 chart has market breaking through ROMAR as resistance, and EMA and the 4 horsemen as support.

adjustments: Daily EMA hit as well as H4 ROMAR and H2 close and new open candle above ROMAR. Confluence for the down even with the H2 4 horsemen up.


Entry: Short
Short: Market close above H2 ROMAR which is still resistance in not having crossed Purple. I took this trade with confluence from the Daily EMA and H4 ROMAR hit, which are all in almost the same place.

Rules:

If market breaks above ROMAR while it is still resistance being above EMA, as a rule it must return below, and vice versa with ROMAR support and the market breaking below.

My post is 40 minutes later than the open candle but I was only able to just check the charts and had to make adjustments for the new open candle on top of my plan. My main reason for this trade is the ROMAR rule and the overwhelming confluence of resistances.
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  • #10,983
  • Aug 21, 2017 11:17pm Aug 21, 2017 11:17pm
Thank you Dana, for your comments on thos of us who took the long yesterday.

My plans for today.

Daily :
-----

ROMAR : Support, >100 pips below the market
EMA : Resistance, less than 20 pips above market
PSAR : Resistance
fibo : green
MACD : last crossing down
last ema crossing : Down
SAR : attached at bottom with DB, with green price tag, just below ROMAR.

Daily horsemen are in fairly strong downtrend, stromg ema and fibo 38.2 resistance above the current market. There is over 100 pips to the ROMAR Support.

H4 :
---

ROMAR : Resistance
ema : Support.
PSAR : support
fibo : green
there are over 40 pips to the ema support on the H4.

H2 :
----
ROMAR : Resistance
ema : support (due to being relative to purple)
PSAR : support
fibo : green
MACD : last crossing upward.
SAR : attached at the top with DB and price tag.

H1:
---
ROMAR : Support
ema : support
PSAR : Support
fibo : red.
MACD : Last crossed upward.

Market is in consolidation, rules allow trading short or long. Favouring the short entry are following rules :

- Strong resistance on Daily (fibo 38.2, ema both 20-odd pips above, so safe with 40 pip SL), H4 (ROMAR again < 20 pips above, fibo 50)
- H2 SAR and DB attached with price tag at top.
- H1 showing start of a downward swing with white at purple.

I would hesitate in going short only because of the H2 ROMAR right below the current market. However the SAR?DB attachment is about 28 pips above, so with SL of 40, a short makes sense. Also, H2 EMA is at least B/E level from the current market.

ENTRY : Short, at 128.91, SL=40, TP=40.
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  • #10,984
  • Aug 22, 2017 2:09am Aug 22, 2017 2:09am
Quoting Nikitafen
NEWS: No Red News, EUR Orange news 5:00 AM Monday Trading Plan 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 DB at 127.549 Fibonacci - Green Notes: 4 horsemen down as resistance with EMA and ROMAR as Support. Fibo green. DB/SAR reattached to the bottom of the candle with golden divergence. Purple and White acting as resistance. 23.6 Fibo level is support. Market balanced with Purple. MACD still below...
Evaluation: TP hit. Personally, I think this was a good trade from the confluence of areas of resistance on multiple time frames that I mentioned in my plan. I did forget to mention that the next connection was on bottom after DB/SAR attached on top of the candle H2, but other than that, I am satisfied with the outcome. Do you have any advice for me Dana? I know that there is usually something to be pointed out in my plan/entry that I missed.
  • #10,985
  • Aug 22, 2017 3:15am Aug 22, 2017 3:15am
Quoting rad1958
Thank you Dana, for your comments on thos of us who took the long yesterday. My plans for today. Daily : ----- ROMAR : Support, >100 pips below the market EMA : Resistance, less than 20 pips above market PSAR : Resistance fibo : green MACD : last crossing down last ema crossing : Down SAR : attached at bottom with DB, with green price tag, just below ROMAR. Daily horsemen are in fairly strong downtrend, stromg ema and fibo 38.2 resistance above the current market. There is over 100 pips to the ROMAR Support. H4 : --- ROMAR : Resistance ema : Support....
+40 pips was the result. If I could do this sort of trades consistently ..... the fact that I took a day off work helped focus better.

After the short trade closed,, I notice the H2 SAR is now attached at the Parabolic. As per rules, if I had missed the profitable short trade, the long entry at the parabolic would be a good trade perhaps ? Dana or Shaun, may I request for a quick reply at your convenience ?
  • #10,986
  • Aug 22, 2017 3:22am Aug 22, 2017 3:22am
Quoting Nikitafen
{quote} Evaluation: TP hit. Personally, I think this was a good trade from the confluence of areas of resistance on multiple time frames that I mentioned in my plan. I did forget to mention that the next connection was on bottom after DB/SAR attached on top of the candle H2, but other than that, I am satisfied with the outcome. Do you have any advice for me Dana? I know that there is usually something to be pointed out in my plan/entry that I missed.
Niki - I must say this was the best trading plan I have seen yet. You took your time and made the adjustments as the market was moving and seen the whole picture before you pull the trigger at the right moment. What had really impressed me was the biasness was gone and was totally focused into the moment. Congratulations on a very exceptional trading plan and the trade.

From now on post your trades after the fact; both winners and losers. I am asking you not to do what the others have done and disappear. You postings after the fact will help the others to progress with their issues.

Very good job.
The Dove - Forex Trainer
  • #10,987
  • Aug 22, 2017 3:44am Aug 22, 2017 3:44am
Quoting rad1958
{quote} +40 pips was the result. If I could do this sort of trades consistently ..... the fact that I took a day off work helped focus better. After the short trade closed,, I notice the H2 SAR is now attached at the Parabolic. As per rules, if I had missed the profitable short trade, the long entry at the parabolic would be a good trade perhaps ? Dana or Shaun, may I request for a quick reply at your convenience ?
OK - one thing I want to mention - never focus on the B/E. It is a handy-cap that will keep you from being successful. It takes away the focus of being a great trader and turning you into a scalper.

"if I had missed the profitable short trade, the long entry at the parabolic would be a good trade perhaps ?"

One other thing - Never, ever think of another trade after the fact. The reason is because you NEED a trading plan FOR ANY TRADE before you can pull the trigger. If you miss your trade then the day is over and try again another day. Other than that - this was an excellent trade from the top with the DB/SAR
The Dove - Forex Trainer
  • #10,988
  • Aug 22, 2017 7:19am Aug 22, 2017 7:19am
Quoting dove_alliance
{quote} Niki - I must say this was the best trading plan I have seen yet. You took your time and made the adjustments as the market was moving and seen the whole picture before you pull the trigger at the right moment. What had really impressed me was the biasness was gone and was totally focused into the moment. Congratulations on a very exceptional trading plan and the trade. From now on post your trades after the fact; both winners and losers. I am asking you not to do what the others have done and disappear. You postings after the fact will...
Your words bring a smile to my face, Thank you Dana. I know I am still not fully 'there' yet, so I hope no one expects my trades to be 80% accurate, but I will try my best to remove bias and see the whole picture like you said I did with this plan.

I post as often as I can as personally, this hold me accountable to keep studying the Paradox, and I will certainly continue to do so. Thank you once again.
  • #10,989
  • Aug 22, 2017 9:18am Aug 22, 2017 9:18am
Another background reader here! just in the process of creating personal notes and had a questions regarding this rule:

Quoting Nikitafen
H2 candle close above ROMAR which is still resistance, so as a rule market must return back below ROMAR.
I've had a search with various keywords but can't seem to find where this is discussed, could some one point me in the right direction?

Many thanks!
  • #10,990
  • Aug 22, 2017 9:20am Aug 22, 2017 9:20am
traders

could someone please advise on which candle the SAR attached, the long red down bar that is the one prior to the now attached or the one it is attached to now?

sorry for the simple question but been travelling down to Spain with my dog (3 days, good job hes a special member of the family, nightmare)

PS well done Niki on becoming a Jedi
Stop killing our Oceans, Stop using single use plastics.
  • #10,991
  • Aug 22, 2017 9:54am Aug 22, 2017 9:54am
Quoting jakdan
traders could someone please advise on which candle the SAR attached, the long red down bar that is the one prior to the now attached or the one it is attached to now? sorry for the simple question but been travelling down to Spain with my dog (3 days, good job hes a special member of the family, nightmare) PS well done Niki on becoming a Jedi
Thank you!!
  • #10,992
  • Edited 12:28pm Aug 22, 2017 12:07pm | Edited 12:28pm
Traders - let me give you heads up for tomorrow's economic news with the EUR:

At 03:00 EST it begins with Draghi speaking with a high impact; following two medium impact releases at the same time. At 03:30 you have two more medium impact releases; following 2 more medium impact release at 04:00. And sometime after 04:00 you have a Tentative release with a low impact.

I suggest if anyone is in a trade at that time to close it at a minimum of 5 minutes before 03:00. If you trade during the London session then I suggest to take the morning off. All of the medium impacts has to do with the PMI throughout the Euro Zone. Not a good time to trade.
The Dove - Forex Trainer
  • #10,993
  • Aug 22, 2017 1:06pm Aug 22, 2017 1:06pm
Thank you for the heads up.
  • #10,994
  • Aug 22, 2017 2:25pm Aug 22, 2017 2:25pm
Date: 8-22-2017

Daily:
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - 127.549
Fibo up or down - Up

Notes: Four horsemen in a consolidated downtrend, EMA currently holding resistance and 23.6 support.

4 HR:
ROMAR - Resistance
EMA - Support
PSAR - Support

Notes: DB/SAR attachment last at ROMAR resistance, currently hovering inside 4 horsemen, keeping eye our for slider with ROMAR

2 HR:
OPEN PRICE - 128.825
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Up
Last DB Attachment - 129.170
Fibo up or down - Down

Notes: Purple crossed back down through ROMAR and EMA, last SAR attachment at 50.0 Fibo, Smooth close to EMA for a slider

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support

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

Notes: EMA slider above ROMAR to hold support with Purple above both, 23.6 Fibo holding resistance at the moment

Final Notes: Market swinging up and down with SAR attaching with HH and LH on H2, H4 Horsemen on the move up with BB opening, Daily Fibo up with market above Smooth and last DB/SAR/DIV attachment below at ROMAR support

Entry:
Consolidation:
Long: Will enter long with MACD crossing up on the H2 with Purple crossing White for the PSAR cancellation
Short: Will look for short with open below 4 Horsemen and ROMAR if PSAR holds resistance right now OR with SAR attachment on the top if fails to break H2 Fibo high, if it goes higher will short at next Daily PSAR hit with H4 61.8 resistance confluence

Adjustment on Plan:
  • #10,995
  • Aug 22, 2017 2:45pm Aug 22, 2017 2:45pm
Trading plan for the day as at 7 am AEDT: (Red and orabge news for EUR 5 pm AEDT onwards, will bear that in mind)

DAILY :
ROMAR : SUPP, > 100 pips below market.
EMA : RES, (relative to Purple), only 25 pips above market
PSAR : RES
fibo : green, market below fib 50.
MACD : last crossed down
SAR : attached with DB and price tag at bottom, below ROMAR.

The daily ROMAR remains in primary up trend, but not in sync with PSAR resistance, the daily iis in consolidation.

H4 :
ROMAR : RES, 25 pips above market.
EMA : SUPP, 20 odd pips below mkt.
PSAR : SUPP
fibo : green, market below fib 50.
SAR : attched with DB at top, with a price label, just below H4 ROMAR.
The H4 horse men pointing upwards, with white at purple, eliminating PSAR support which is >50 pips below mkt., candle open above smooth, below ROMAR.

H2 :
ROMAR : RES,
ema : RES, relative to purple (I hope this is right ?)
PSAR : RES.
fibo : RED
MACD : last crossed down.
SAR : attached at the bottom with a price tag, separated from the DB, so next SAR attach will be at top.

H2 is in a tight consolidation, no leeway across resistance and support levels, favours waiting on a breakout open candle below the H2 ROMAR, or above PSAR for a SAR attachment.

H1 :
ROMAR : SUPP
ema : SUPP
PSAR : SUPP
fibo : RED
MACD : attahced with DB at top of current candle.

ENTRY : The daily chart and horsement trend as well SUPP/RES levels favours a short, waiting on a breakout on H2/H4 as stated in plan above.

Perhaps I lack enough experience/insight to enter at this point, but am content to wait for the 1 or 2 2H canlde open. Considering RED news followed by several orange news on EUR, this might well be a no-trade day.
  • #10,996
  • Aug 22, 2017 3:24pm Aug 22, 2017 3:24pm
Quoting rad1958
Trading plan for the day as at 7 am AEDT: (Red and orabge news for EUR 5 pm AEDT onwards, will bear that in mind) DAILY : ROMAR : SUPP, > 100 pips below market. EMA : RES, (relative to Purple), only 25 pips above market PSAR : RES fibo : green, market below fib 50. MACD : last crossed down SAR : attached with DB and price tag at bottom, below ROMAR. The daily ROMAR remains in primary up trend, but not in sync with PSAR resistance, the daily iis in consolidation. H4 : ROMAR : RES, 25 pips above market. EMA : SUPP, 20 odd pips below mkt. PSAR : SUPP...
15 past 8 am aedt. As i board train to work, I notice 2h sar attach at parabolic. But the 2h macd flipped for the up. Considering the overwhelming collection of resistances - bounce off 4h romar, daily ema, i am inclined to do so. Will close it b4 news hits. Apologies I could not post shots in rush to get to work.
  • #10,997
  • Aug 22, 2017 3:59pm Aug 22, 2017 3:59pm
Quoting raamakant
{quote} 15 past 8 am aedt. As i board train to work, I notice 2h sar attach at parabolic. But the 2h macd flipped for the up. Considering the overwhelming collection of resistances - bounce off 4h romar, daily ema, i am inclined to do so. Will close it b4 news hits. Apologies I could not post shots in rush to get to work.
Hi

I have no idea why you are commenting on another Traders plan?

Your also subscribing and un-subscribing from other threads in FF. Don't get me wrong - you can do what you like, but its going to be hard to take you seriously and also hard for you to learn the Paradox whilst messing about like this.

I would seriously suggest one or the other - commit to the Paradox and give it your best shot, or don't waste yours and our time. This advice is meant in the nicest possible way.

Hope that helps.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #10,998
  • Aug 22, 2017 4:05pm Aug 22, 2017 4:05pm
Hello Everyone,

This is my very first post. Another background reader reason to join FF "PARADOX". I would like to thank Dove_Alliance (Dana) for sharing paradox with the world.
God bless us all.
Plan your trade and Trade your plan.
  • #10,999
  • Edited 2:42am Aug 23, 2017 1:40am | Edited 2:42am
Hi guys this is in addition of my written Daily plan. This excel is part of my daily plan I do this before pulling the trigger (ill wait for the 1hr to be in sync and I have a trade), I just wanted to share.
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To reach that level of determination is a matter of the will.
  • #11,000
  • Aug 23, 2017 2:07am Aug 23, 2017 2:07am
Quoting shinny
{quote} Hi I have no idea why you are commenting on another Traders plan? Your also subscribing and un-subscribing from other threads in FF. Don't get me wrong - you can do what you like, but its going to be hard to take you seriously and also hard for you to learn the Paradox whilst messing about like this. I would seriously suggest one or the other - commit to the Paradox and give it your best shot, or don't waste yours and our time. This advice is meant in the nicest possible way. Hope that helps. Shaun
Hi Shaun,

Your are a senior trader much respected in the forum, one of the few, who picked up and ran with Paradox fairly quickly. I respect you for your skills and your helpful contribution to the forum in training folks like myself.

Admittedly, I've been tinkering around for the last year and a half. It is also true that I've wasted substantial resources on pricey trading systems that got me nowhere.
I started looking at Paradox a year ago, but was too distracted to focus. Recent study of the first 200 pages got me fired up again. Using 2 or more emails is common, I normally use the other one for comms with brokers and formal emails. I do have a 3rd email too, which is reserved for non-trading purposes.

I am seriously hoping that my previous distraction will not be held against me in this forum. My recent 2 trades should be proof enough that I'm focussed. I intend to continue with the Paradox focus. If I have done anything wrong by the forum rules, I do apologise to Dana. If I'm kicked out of the forum, that will be a misfortune.

++++++++++++++
On a separate topic.

BTW my today's trade resulted in market giving me +40 pips hours before the EUR RED news time. If you don;t mind, I would love to have your review and any comments. The trade barely made it past my tp which was at 128.65. I do not think that I've learnt all the possible variations of the complex system. I was terribly confused and had severe headaches trying to grasp and hold the rules in my head for nearly a year, but I did not study the posts with determination to master it until recently. Much of this motivation came from necessity. I can't mess up any more. Paradox is my focus henceforth.
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