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The Paradox System

  • #11,001
  • Aug 23, 2017 4:40am Aug 23, 2017 4:40am
Quoting rad1958
{quote} 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...
complex at first, but you got a very powerful system at hand when u get it. This has changed my life ever since.
To reach that level of determination is a matter of the will.
  • #11,002
  • Aug 23, 2017 7:10am Aug 23, 2017 7:10am
Hey Marcos,

Much appreciate your sharing, it re-inforces my faith in Paradox. It's been a hard study for me, finally feel like I am getting to understand a fraction of what this system is about. I am a osftware engineer by profession, been in there for donkeys' years. Laziness is often cited as a virtue in programmers. In other words, you spend enough time thinking about the best solution for a problem, before descending to write code, write code that is self-documented, so you don;t have to answer lots of questions about it. Trading is a different ballgame,, so it's been a struggle.

Sorry if I distracted anyone, now I will shut up and get back to my study of the forum posts, hope to post a plan tomorrow morning.
  • #11,003
  • Aug 23, 2017 8:55am Aug 23, 2017 8:55am
Quoting rad1958
Hey Marcos, Much appreciate your sharing, it re-inforces my faith in Paradox. It's been a hard study for me, finally feel like I am getting to understand a fraction of what this system is about. I am a osftware engineer by profession, been in there for donkeys' years. Laziness is often cited as a virtue in programmers. In other words, you spend enough time thinking about the best solution for a problem, before descending to write code, write code that is self-documented, so you don;t have to answer lots of questions about it. Trading is a different...
what you need to do is to check your Daily. The most important is to look where is the ema psar and romar in the daily, the psar will stop you in a heartbeat as well the daily ema. then you wait for the 2hr and 1hr to be in sync. the 1 hr will always be the one to turn and have a look on the 2hr ema if its going to be a slider or will cross purple. everytime the 1 hr is setting up for a move, i always look on the 2hr ema if its going to slide or cross purple and thats where I would know when to pull the trigger.
To reach that level of determination is a matter of the will.
  • #11,004
  • Aug 23, 2017 9:26am Aug 23, 2017 9:26am
Quoting rad1958
Hey Marcos, Much appreciate your sharing, it re-inforces my faith in Paradox. It's been a hard study for me, finally feel like I am getting to understand a fraction of what this system is about. I am a osftware engineer by profession, been in there for donkeys' years. Laziness is often cited as a virtue in programmers. In other words, you spend enough time thinking about the best solution for a problem, before descending to write code, write code that is self-documented, so you don;t have to answer lots of questions about it. Trading is a different...
As a software engineer, it may help you to think in terms of IFTT (if this exists, then I apply that). Basically rule based thinking. I experimented with lots of ways of collating the information (I used to post at the start), eventually I worked out a way by filtering and ended up with key rules and turned them into statements (like the ones in the pro trading plans). After entering these into a database (not a spreadsheet) it was easy to apply a filter to get at the correct rules for each scenario and apply them by looking at the charts in real time. This really accelerated and compartmentalised the information and stopped me from continually backtracking and thinking to much.

I wish I had done this from the start, because as the forum evolved you could easily see the same things being repeated over and over again. Once the rules are understood and entered in the database, they only need to be in there once. Also entering is great for learning them, but I found that making sure they had only been entered once helped things sink in even more. Purple crossing Romar sir? Erm what was that, ahh, gnnn!?@!* Now where was that word document? With the database, type 'purple' or 'S&R' into the column and all of your questions are answered (you can even add links to images in drive) in a statement. Easy to see where you are weak, and focus on it. Add an image if you like.

I admit, some of the information is tricky to categorise. But there are key rules and having those to hand and the scenario's when you need them has to be useful.

Still reading? Here's the icing on the cake...

Another very useful way to assist in learning is to capture screenshots, and once you have a load of them use with rules statements for revision. Trouble is, this is time consuming and you have to sit in front of the screen, right? Wrong.

Hail a piece of software called chronolapse (google it). You can set it to run while you are sleeping, takes shots at predetermined intervals. Knock yourselves out

The database I used is free and web based:https://www.obvibase.com If you have created a spreadsheet, it can easily be imported.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-08-23 at 16.08.36.png Size: 59 KB


Anyway, I hope this post will help those who need it with structuring the data.
'in less than half an hour he made over 100 ticks'
  • #11,005
  • Aug 23, 2017 11:41am Aug 23, 2017 11:41am
Quoting rad1958
{quote} 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...
We have all been there, flitting about etc, hopefully you can settle on this system. You will get all the support you need from the thread.

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #11,006
  • Aug 23, 2017 11:47am Aug 23, 2017 11:47am
Quoting onejester
{quote} As a software engineer, it may help you to think in terms of IFTT (if this exists, then I apply that). Basically rule based thinking. I experimented with lots of ways of collating the information (I used to post at the start), eventually I worked out a way by filtering and ended up with key rules and turned them into statements (like the ones in the pro trading plans). After entering these into a database (not a spreadsheet) it was easy to apply a filter to get at the correct rules for each scenario and apply them by looking at the charts...

That's a really good idea - I might try and do that myself.

Thanks

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #11,007
  • Aug 23, 2017 1:21pm Aug 23, 2017 1:21pm
Quoting shinny
{quote} That's a really good idea - I might try and do that myself. Thanks Shaun
Thanks shinny

I know you 'got it' early on, but I'm obviously wired up differently. I learn by reflection, and the only way for me is to break things into chunks.

I hope my ideas help those who have struggled or are just about to start their journey.
'in less than half an hour he made over 100 ticks'
  • #11,008
  • Aug 23, 2017 4:04pm Aug 23, 2017 4:04pm
Quoting Opayq
This is will do the exact job on any TF/interval. Add to Indicator folder, to access screenshots go to MQL4 Folder/ Files Folder. {file}
Do you attach it to the Paradox charts? It may mess with the data-centric nature of the system if so, although Dana knows more than any of us on this matter.
  • #11,009
  • Aug 23, 2017 4:07pm Aug 23, 2017 4:07pm
Quoting shinny
{quote} We have all been there, flitting about etc, hopefully you can settle on this system. You will get all the support you need from the thread. Regards Shaun
Appreciate your encouraging words, I have my head down every morning at 7 am (my time) making a trading plan.
  • #11,010
  • Aug 23, 2017 4:12pm Aug 23, 2017 4:12pm
Quoting onejester
{quote} As a software engineer, it may help you to think in terms of IFTT (if this exists, then I apply that). Basically rule based thinking. I experimented with lots of ways of collating the information (I used to post at the start), eventually I worked out a way by filtering and ended up with key rules and turned them into statements (like the ones in the pro trading plans). After entering these into a database (not a spreadsheet) it was easy to apply a filter to get at the correct rules for each scenario and apply them by looking at the charts...
Hey Onejester,

Very detailed suggestion, some great ideas there for me to explore. I'm known to have a head for details at work, but miss out on bigpicture often. Particularly I like the idea of setting up rule based db. Will spend today evening re-reading your post. Many thanks for taking the time to reply. My humble blessings.
  • #11,011
  • Aug 23, 2017 4:13pm Aug 23, 2017 4:13pm
Quoting TraderMarcos
{quote} what you need to do is to check your Daily. The most important is to look where is the ema psar and romar in the daily, the psar will stop you in a heartbeat as well the daily ema. then you wait for the 2hr and 1hr to be in sync. the 1 hr will always be the one to turn and have a look on the 2hr ema if its going to be a slider or will cross purple. everytime the 1 hr is setting up for a move, i always look on the 2hr ema if its going to slide or cross purple and thats where I would know when to pull the trigger.
Haha, you've understood my problem exactly and stated some exact step to follow, like a simple algorithm. I can readily add that to what I'm doing currently. Much appreciate your help, Marco.
  • #11,012
  • Aug 23, 2017 4:40pm Aug 23, 2017 4:40pm
Trading plans 20180824 7:14 am AEDT.

Daily :
ROMAR : SUPP
EMA : RES, about 30 pips above mkt
PSAR : RES
MACD : last crossed down
fibo : green
SAR : attached to bottom with DB and price label.

The daily continues to be consolidation as per rules (ROMAR UP, PSAR and horsemen strongly down), long gap to the ROMAR below the market, which is between fibos 23 and 38.

H4 :

ROMAR : RES, 35 pips above market.
EMA : SUPP, relative to purple.
PSAR : SUPP
fibo : green
SAR : attached wit price tag at bottom, separated from DB

White and smooth having corssed purple for the downtrend, horsemen are headed down, market nearly touching the Parabolic. Smooth and white close above EMA (perhaps that is termed a slider).

H2 :
ROMAR : RES
EMA : RES
PSAR : RES
MACD : last crossed down
fibo : RED, market just above fibo 38 as support.
SAR : attached with price tag at top, separated from DB, next DB attachment to be at bottom with SAR.
The H2 is in a very tight consolidation with indicators close together.

H1 :
ROMAR : SUPP,
EMA : RES
PSAR : flipped to Resistance
fibo : RED,
MACD : last corssed down.

ENTRY : There is confluence of resistance above the market on all timeframes. It may be a bit late for a short entry, perhaps not, considering H2 ROMAR still 90 pips below market.
Entered short at 128.68. H2 screenshot attached.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_20180824_short_H2.png Size: 127 KB
  • #11,013
  • Aug 23, 2017 5:35pm Aug 23, 2017 5:35pm
Quoting rad1958
{quote} - 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. -
You posted your trading plan but not your entry - so we cannot give an evaluation without the entry.
The Dove - Forex Trainer
  • #11,014
  • Aug 23, 2017 5:37pm Aug 23, 2017 5:37pm
Quoting rad1958
{quote} Hey Onejester, Very detailed suggestion, some great ideas there for me to explore. I'm known to have a head for details at work, but miss out on bigpicture often. Particularly I like the idea of setting up rule based db. Will spend today evening re-reading your post. Many thanks for taking the time to reply. My humble blessings.
You are welcome and thank you for the blessings. The work is in setting up the structure (example data post 8505). Don't make it too complicated, but at a basic level:

Statements : |Output:
ROMAR crossing EMA |Changes both EMA and ROMAR support/resistance.
If You have ROMAR as support with EMA above Support |EMA is also Support.
If you have ROMAR as Resistance with EMA below ROMAR |EMA is also Resistance.

Once you have this and watch the charts, the clarity makes everything far more easy to comprehend.
'in less than half an hour he made over 100 ticks'
  • #11,015
  • Aug 24, 2017 4:05am Aug 24, 2017 4:05am
Quoting dove_alliance
{quote} You posted your trading plan but not your entry - so we cannot give an evaluation without the entry.
Apologies Dana, taking and posting the screenshot slipped my mind yesterday morning.
Today's trade has a screenshot, still open, will post self eval once it closes.
Thank you for your attention.
  • #11,016
  • Edited 7:08am Aug 24, 2017 6:55am | Edited 7:08am
Quoting rad1958
Trading plans 20180824 7:14 am AEDT. Daily : ROMAR : SUPP EMA : RES, about 30 pips above mkt PSAR : RES MACD : last crossed down fibo : green SAR : attached to bottom with DB and price label. The daily continues to be consolidation as per rules (ROMAR UP, PSAR and horsemen strongly down), long gap to the ROMAR below the market, which is between fibos 23 and 38. H4 : ROMAR : RES, 35 pips above market. EMA : SUPP, relative to purple. PSAR : SUPP fibo : green SAR : attached wit price tag at bottom, separated from DB White and smooth having corssed...
Result -40 pips.
Was ignoring the H2 SAR at the bottom my only mistake ? I see that the H2 MACD was down. The basis for going short was :

1. H2 & H4 ROMAR resistance,
2. Daily EMA resistance below SL, and fibo resistances.
I feel I have a blind spot and am not able to see something else, relying on Support and Resistance levels solely ?

EDIT : I see that I read the H2 wrong. Something made me note down H2 SAR at atop, when it was at bottom. That is an indication of a reversal. oversight on my part. Resolve to double-check plans from now.
  • #11,017
  • Aug 24, 2017 7:26am Aug 24, 2017 7:26am
NEWS: High Impact USD Thursday 8:30 AM
Adjustments: 20:00 EST
Wednesday 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: Daily candle opened at EMA resistance with Purple, White, and Smooth as support. 4 horsemen fully down in consolidated downtrend for ROMAR. Fibo green and MACD below 0. Waiting on the new daily candle to see the picture more clearly.

Adjustments: New Daily candle open with Smooth resistance right above market as well as EMA and the Parabolic. Purple is still below White.

H4:

ROMAR - Resistance
EMA - Support
Psar - Support - Eliminated

Checklist:

Last DB Attachment - Top at 129.17
Last SAR Attachment - Bottom at 128.474
Fibonacci - Green

Notes: ROMAR resistance with EMA support. SAR attachment at the bottom right at the Parabolic. PSAR holding heavy support until EMA - Purple crossing. Purple, White and Smooth tight together above EMA. Bollinger Bands moving in closer together. FiboContourLineDown holding resistance. Market in between 50.0 Fibo resistance and 38.2 Fibo support. Since SAR is attached on the bottom, next attachment is on top or at the bottom together with DB.

Adjustments: New candle open with Parabolic as still holding support. Market between 38.2 and 50.0.

H2:

ROMAR - Resistance
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Top at 129.170
Last SAR Attachment - Bottom at
Fibonacci - Red

Notes: ROMAR, EMA and the 4 horsemen are tight together but opening for the down. Parabolic holding resistance. Bollinger Bands are constricted. 23.6 resistance and 38.2 support. Nothing indicating an entry with everything so tight together. SAR is attached on bottom, waiting on next open candle to be locked in. ROMAR sliding over EMA and having power for the down.

Adjustments: White sliding with Purple and Parabolic holding resistance. 23.6 resistance and 38.2 support holding.

H1:

ROMAR - Support
EMA - Resistance
Psar - Resistance

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - down
Last MA Alert Arrow - Down
Fibonacci - Red

Notes: ROMAR holding support and Parabolic flip and locked in to resistance. EMA has crossed Purple with the 4 horsemen opening for the down. Lower band opening down as well.

Adjustments: 4 horsemen turning down further with ROMAR still as support.

Final Notes: We are in ranging because ROMAR is basically through the middle of the H2 market, with ROMAR in and out of Purple. Seeing what the new daily candle will bring but at the moment the Daily chart is down with the candle at Smooth support. Next resistance is 38.2 Fibo, confluence with EMA so I would want 40+ pips to that resistance to eliminate risk for going long. 23.6 is support with market not having closed below it so far this week. H4 chart is tight and in an EMA slider. H4 ROMAR is resistance and this happens to form an area of confluence with the Daily for the down. H2 chart has SAR attached on the bottom but the Parabolic is flipped to resistance in what could be a new swing down - it is opposite of the Parabolic. With the Daily down, the H4 and H2 in the process of turning down, I will be looking to sell off resistance on the H2 with H1 for confluence if necessary.

Projected Entry: Short position after market retraces to the 4 horsemen on the H2, using confluence of 4 horsemen resistance on the H1.

Entry: Mid candle short off off H2 Parabolic with Purple below White, confluence with ROMAR and the 23.6 resistance.

Rules:

Hits off Parabolic resistance/support is a great resource for entry back into the trend (which is down).

In a slider if Smooth stays above Purple then the trend is down and vice versa

Evaluation:Bad trade, closing 5 minutes to USD news. For one the SAR was attached on the bottom when I went short, but I thought that with the SAR and PSAR on opposite sides, I was waiting on the DB connection on the bottom. Just breaking simple rules like this is what is making me lose. The hardest part for me is trying to make a projected entry because I don't know where to start with so many variables. Another mistake was not factoring in H1 ROMAR as support, meaning it was waiting on the H2 ROMAR - EMA crossing to make H2 ROMAR support, which is what it has just done.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (60).png Size: 154 KB
  • #11,018
  • Aug 24, 2017 8:59am Aug 24, 2017 8:59am
This is for Niki and Rad:

What you both had failed to see is ON the H4 chart. You have to always keep in mind SUPPORT AND RESISTANCE. The H4 is in a consolidated ranging mode with a WEDGE between the Parabolic support and ROMAR resistance. And you both had entered right against Support with H2 SAR as confluence for the long.

Neither one of you did not apply the rules for support and resistance in consolidation. You can see the ranging on the H2 and there was a reason with the H4 showing the ranging.

When something is happening that is not right on one chart - then the issue is always showing on another chart. Such as the H2 ranging and it is your responsibility to find out why. And the reason is ALWAYS to do with support and resistance.
The Dove - Forex Trainer
  • #11,019
  • Aug 24, 2017 9:44am Aug 24, 2017 9:44am
Quoting Opayq
This is will do the exact job on any TF/interval. Add to Indicator folder, to access screenshots go to MQL4 Folder/ Files Folder. {file}
I do not recommend in using this screenshot indicator.
The Dove - Forex Trainer
  • #11,020
  • Aug 24, 2017 11:03am Aug 24, 2017 11:03am
Quoting dove_alliance
{quote} I do not recommend in using this screenshot indicator.
Thank you! I have deleted the indicator.
Plan your trade and Trade your plan.
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