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The Paradox System

  • #11,081
  • Aug 29, 2017 4:43pm Aug 29, 2017 4:43pm
If you want to know what time it is in Tokyo/London/New York and so on I'd suggest buying a few clocks.


Stop killing our Oceans, Stop using single use plastics.
  • #11,082
  • Aug 29, 2017 4:55pm Aug 29, 2017 4:55pm
Trading Plans 30/08/2017 7:24 am AEDT.

Orange impact EUR news all day, RED impact US news at 10:30 pm AEDT.
DAILY :

ROMAR : SUPP
EMA : SUPP
PSAR : SUPP
fibo : green
MACD : last cross UP
DB : attached at top of current candle, with SAR and the SAR price label.

Indicators headed strongly upwards, ema at smooth for a possible crossing to complete the swing to uptrend.Market is way above (>100 pips) the daily purple, indicating imbalance, correction/consolidation might be in order. Daily fibo 100 is the resistance, with market having traded outside the box yesterday, and retraced back below the fibo 100.


H4 :

ROMAR : SUPP
EMA : SUPP
PSAR : SUPP
fibo : RED, was reset since last night, new fibo zero established.
DB : attached at top to previous candle with SAR, price label, and the green dash-dot divergence.
Nearest support the daily H4 Purple is about 20 pips below market, about 60 pips down to H4 EMA, the PSAR another 15 pis from there.

All indicators are headed strongly upward. With the imbalance on the daily, the H4 supports may not hold for long. Market shows small correction on current H4 candle, possibly lots to go.

H2 :
ROMAR : SUPP
EMA : SUPP
PSAR : SUPP
MACD : last corss UP
fibo : RED, was reset since last night establishing new fibo 0 at top.

Strong uptrend as in highr tf charts, market at purple for downward consolidation seen in current candle, ema is 38 pips below. Previous candle hit upper BB, retrace to ema (or lower BB) likely as per Paradox rules.

H1 :
ROMAR : SUPP
EMA : SUPP
PSAR : SUPP
MACD : last cross UP
fibo : RED, reset since last night, with new fibo 0 established.

In sync with higher tf charts at the moment, strong uptrend continues with last 3 hours showing correction of around 40-45 pips.

ENTRY Notes :
A long entry would be favoured as per Paradox rules after the daily shows better balance. The rules for that indication for entry would be :
- white crossing purple on H2
- preferably with SAR attachment at lower candle
- hit on the daily purple/white.

A short would be counter-trend and high risk trade, (which I suspect many traders much more experienced than I might be taking).
  • #11,083
  • Aug 30, 2017 6:02am Aug 30, 2017 6:02am
Quoting shinny
{quote} Hi You also need to remove the time zones you have on your charts. Don't add or remove anything to or from the template you have been provided. If you want to know what time it is in Tokyo/London/New York and so on I'd suggest buying a few clocks. Regards Shaun
With all due respect that was just an example chart with different time stamp on 2 different brokers, no changes were made to paradox original template. Can I borrow your clocks until I get the hang of different time zones?
Plan your trade and Trade your plan.
  • #11,084
  • Aug 30, 2017 6:09am Aug 30, 2017 6:09am
Quoting Opayq
{quote} With all due respect that was just an example chart with different time stamp on 2 different brokers, no changes were made to paradox original template. Can I borrow your clocks until I get the hang of different time zones?
just use paradox on forex.com，and set alarm when sydney open.
  • #11,085
  • Aug 30, 2017 6:23am Aug 30, 2017 6:23am
Admittedly, my trading plans are a bit lacking in details, as I realised after reading the current posts from others, and also feedback from kind Oli. I will try and supplement with more details as far as possible.

I am now trying to add details to my today's plan above.

The rule I used to determine trend vs consolidation is fairly simple. I believe I more or less quote Dana's words below :

"If EMA crosses pruple & becomes Support, and ROMAR is already support, you are in trend"
the reverse :
"If EMA crosses purple & becomes resistance, but ROMAR is support, you are in consolidation".

These are from my hand-written notes, so I apologise if the wording is not exact quote, it is unintentional.
So the H2 is now (AEDT 9:07 pm) having white corssed purple, and smooth at purple for the crossing or slider, the H2 is going into consolidation and it might be time to look for a long entry off support. it would be great to buy a bounce off the fib 50 on the H2, it may or may not go that far down, sometimes you'd be surprised. My notes also include this :

"... the retrace on SAR is usually at the 61.8 fibo ...."
I can't now be sure if this was referring to being inn trend ( I think so). This makes me think that I have to add reference to my hand-written notes (i.e., page#, post #) and finally persist these in a db as suggested by onejester, might get into that this weekend.

I doubt the retrace will get as deep as fib 61 this time, but I might be suprised.
Any thoughts Dana ?
  • #11,086
  • Aug 30, 2017 8:10am Aug 30, 2017 8:10am
Quoting rad1958
Admittedly, my trading plans are a bit lacking in details, as I realised after reading the current posts from others, and also feedback from kind Oli. I will try and supplement with more details as far as possible. I am now trying to add details to my today's plan above. The rule I used to determine trend vs consolidation is fairly simple. I believe I more or less quote Dana's words below : "If EMA crosses pruple & becomes Support, and ROMAR is already support, you are in trend" the reverse : "If EMA crosses purple & becomes resistance, but ROMAR...
"... the retrace on SAR is usually at the 61.8 fibo ...." 'or 23.6 - Depending on the Fibo trend'.

And that is what should had been in your notes.

I have stated it many times that the 61.8 AND the 23.6 are hard support and resistance.
The Dove - Forex Trainer
  • #11,087
  • Edited Aug 31, 2017 4:06am Aug 30, 2017 3:33pm | Edited Aug 31, 2017 4:06am
Quoting rad1958
Admittedly, my trading plans are a bit lacking in details, as I realised after reading the current posts from others, and also feedback from kind Oli. I will try and supplement with more details as far as possible. I am now trying to add details to my today's plan above. The rule I used to determine trend vs consolidation is fairly simple. I believe I more or less quote Dana's words below : "If EMA crosses pruple & becomes Support, and ROMAR is already support, you are in trend" the reverse : "If EMA crosses purple & becomes resistance, but ROMAR...
Might be worth reading Post 9352?
Edit: 31 August 11.04 in conjunction with the compilation of your trading plan.
'in less than half an hour he made over 100 ticks'
  • #11,088
  • Aug 30, 2017 3:40pm Aug 30, 2017 3:40pm
Guys just thought i would add my plan and entry from very early on today. not sure if it will get there yet, so not being presumptuous i just need to concentrate on this evenings plan and would like a comment on my entry for future reference either right or wrong if and when Dana has the time.
the final plan may not make sense to some as i was adding and removing all day for future reference.

Date: Opening wed 30.08.17

Daily:
ROMAR - Support
EMA – Support
PSAR - Support

Check List:
Last MACD 0 crossing - The crossing is up.
Last EMA Alert Arrow - Lime Green up on bar prior of the MACD crossing up:
Last DB Attachment - Both DB/SAR attached on top at 131.609 magenta tag.
Fibo up or down - Fibo is up from the bottom.

Notes: The 4 horsemen are in an uptrend with a PW cross and next bar PS together with EMA cross with ROMAR as Support. Daily out of balance, expecting a retrace soon! BB’s still opening up. 70 pips to purple support. BB’s opening up.

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

Check List:
Last DB Attachment - Both DB/SAR attached on top at 131.609
Fibo up or down - Fibo is down from the top.

Notes: the 4 horsemen are in the uptrend, market above purple slightly out of balance. Both divergence attached at the top. BB’s still wide open.
2 HR:
OPEN PRICE – 131.195
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - The crossing is Up.
Last EMA Alert Arrow - Lime Green up before the MACD crossing.
Last DB Attachment - Both DB/SAR attached on top at 131.609
Fibo up or down - Fibo is down from the top.

Notes: The 4 horsemen are uptrend both divergence attached at the top. The market is overbought at the 0% Fibo with both DB/SAR indicating a possible retrace to EMA. Market way out of balance. BB’s still open. Macd getting weaker.

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

Check List:
Last MACD 0 crossing - The crossing is up.
Last EMA Alert Arrow - Lime Green up before the MACD crossing.
Last DB Attachment - NA
Fibo up or down - Fibo is down from the top.

Notes: The 4 horsemen are with the uptrend with an open candle below smooth. BBs are still wide open indicating further North movement. Market out of balance.

Final Notes for all three charts: All 4 horsemen of the four charts are uptrend together with ROMAR. But several elements of the uptrend, with each chart, are also indicating a conflict with the uptrend: Fibs and balance!!

The Daily out of Balance - The Fibo is reversed for the downtrend from the top. DB/SAR at the top with Magenta divergence.
ADJ: Market double topped and left the hazel tag at the new high.
The 4HR – market above horsemen, both divergence and red fib. Lower BB inside the fib.
ADJ: Market crept to a new high 131.626. 4 horsemen still strong. Open below smooth.

The 2 hour - The Fibo is reversed for the downtrend from the top. Market at purple and smooth. The MACD still up but getting weaker. BB’s still wide open.
ADJ: Macd losing steam BB’ parallel. SAR on PS cross, BB’S closing on going up. (EMA??????)

The 1 Hour - Open candle between smooth/EMA . The Fibo is also in the downtrend mode from the top. BB’s closing in
ADJ: Horsemen flatPurple staying above white, Crossed with H2. Macd just crossed below the 0


Entry:
Consolidation:
Long:
Short: Entered short on first sign of PW cross on H2 H1. MACD looking weaker while rising market and struggling 3 times at the high, still got 40 to PSAR, market could do with Balance.
Rules: balance required. White crossing purple signalling change of swing. BB’s closing in on all but Daily. All fibos flipped for down. SAR on correct bar TBC
Would have entered short off Purple resistance to go with PSAR would have liked to see the red arrow first but believe balance will steal the show, as per SAR.
News: US news 2.15 / 3.15 and 4.30pm euro time
Attached Image (click to enlarge)
Click to Enlarge Name: sar attached on PW aagainst romar..PNG Size: 211 KB
Stop killing our Oceans, Stop using single use plastics.
  • #11,089
  • Aug 30, 2017 3:43pm Aug 30, 2017 3:43pm
Quoting onejester
{quote} Might be worth reading Post 9352?
use 5026 for plans its helped me immensely
Stop killing our Oceans, Stop using single use plastics.
  • #11,090
  • Aug 30, 2017 5:05pm Aug 30, 2017 5:05pm
2nd Revision to my plan yesterday morning, where the entry was waiting on a signal of a major support being hit e.g., fib's 23 on H2, or (better) daily purple.

DAILY : continues to be in uptrend with market in imbalance wrt the horsemen. fibo flipped to RED.

H4 : beginning the consolidating downtrend in balancing the daily's uptrend. White crossed purple, had a hit on the EMA and then PSAR which is at fibo 23.

H2 : with white and smooth crossing purple, the H2 is in consolidating downtrend, market went below fibo 23, PSAR flipped on the current candle.market hit fibo 38 and bounced.
H1 : Has been a in a tight slider with horsemen close.

ENTRY plans : Being conservative, I am going to wait for sufficient confluence, my favoured confluence would be H2 candle open above EMA as firm indication of reversal of the retrace. Will be at work so may or may not be able to check Paradox charts. Further retrace down to the daily purple cannot be ruled out. I will wiat and see.

Thanks for helful comments from all senior traders. This is great forum to be in. I must rush to work now. Have a great trading session all !
  • #11,091
  • Aug 30, 2017 5:24pm Aug 30, 2017 5:24pm
Quoting jakdan
Guys just thought i would add my plan and entry from very early on today. not sure if it will get there yet, so not being presumptuous i just need to concentrate on this evenings plan and would like a comment on my entry for future reference either right or wrong if and when Dana has the time. the final plan may not make sense to some as i was adding and removing all day for future reference. Date: Opening wed 30.08.17 Daily: ROMAR - Support EMA – Support PSAR - Support Check List: Last MACD 0 crossing - The crossing is up. Last EMA Alert Arrow...
Well Jakdan - You got your TP so write out your self-evaluation and I will comment.
The Dove - Forex Trainer
  • #11,092
  • Aug 30, 2017 7:16pm Aug 30, 2017 7:16pm
Hello Everyone, been awhile since I posted a plan but I have more time to focus on the paradox
right now so I will continue to proceed with my training. Blessings everyone.

Date: August 30/2017
Session: Asian

Daily:

ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: Top with Sar
Last Sar Attachment: Top with Db
Fibo up or down: Down

Notes: Horsemen, Romar, Ema uptrend. Fibo red. Db with Sar
at the top. Imbalance with purple.

4 HR:

ROMAR - Support
EMA - Support
PSAR - Support
Notes: Psar hit at the 23.6 and purple crossed white sliding
smooth.

2 HR:

ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: Bottom with Sar the 38.2
Last Sar Attachment: Bottom with db at the 38.2
Fibo up or down: Down

Notes: Purple shallowly crossed ema. Db running with Sar
hit the 38.2 with ema still under smooth and white. Parabolic
flipped with the macd down. However the macd arrow was before
the ema due to the shallow turnover.

1 HR:

ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: Bottom
Last Sar Attachment: Bottom
Fibo up or down: Down

Notes: Hit on bb, 61.8 with hidden and normal divergence and
Romar close as Support.

Final Notes for all four charts: H2 and H1 trend is down. H4 purple
cross white with hit on the 23.6 and parabolic. Daily has imbalance with
purple.

Entry: Waiting on a hit of significant resistance to go short with the h2 due to the H1 and H2 are in sync. Waiting for Sar attached to go short
on the h2. H1 is at resistance with the 61.8 and Sar attached as well.

Entry: Entered short off H2 resistance with Sar attached and the h1 at the 23.6 resistance and Daily imbalance with purple along
with the h4 purple at the crossing with smooth and macd down.

Shorted at 131.384
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy H2.png Size: 80 KB
The quieter you become, the more that you can hear.
  • #11,093
  • Aug 30, 2017 11:29pm Aug 30, 2017 11:29pm
Quoting dove_alliance
{quote} Well Jakdan - You got your TP so write out your self-evaluation and I will comment.
Trade evaluation. took 40 from the market. went short on the 1st signs of white crossing purple on both H2 and H1 simultaneously. market struggling at the high MACD getting weaker, previous candle opened below smooth shot up and started to retrace, then opened below purple on the white crossing. although against the trend the market was way out of balance, all fibs had flipped which gave me the confidence to short.
Stop killing our Oceans, Stop using single use plastics.
  • #11,094
  • Aug 31, 2017 12:06am Aug 31, 2017 12:06am
Quoting jakdan
{quote} Trade evaluation. took 40 from the market. went short on the 1st signs of white crossing purple on both H2 and H1 simultaneously. market struggling at the high MACD getting weaker, previous candle opened below smooth shot up and started to retrace, then opened below purple on the white crossing. although against the trend the market was way out of balance, all fibs had flipped which gave me the confidence to short.
Very nice trade Jakdan - in fact - I took the same trade but a little earlier than you; off the top of the Fibo and out on the next two bars using the Parabolic for the pip count for the SAR. When I seen your trade I was wondering if you would make it with or before the SAR - but you did. When you are counter trading the risk is high if you do not catch the top or the bottom going the other way. Always remember the SAR is waiting to strike. So be sure the count is right from entry to the Parabolic.

OK - off to bed.
The Dove - Forex Trainer
  • #11,095
  • Aug 31, 2017 2:07am Aug 31, 2017 2:07am
Quoting Opayq
{quote} With all due respect that was just an example chart with different time stamp on 2 different brokers, no changes were made to paradox original template. Can I borrow your clocks until I get the hang of different time zones?
Ok, fair enough. Sure you can borrow some clocks
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #11,096
  • Aug 31, 2017 6:17am Aug 31, 2017 6:17am
Quoting jakdan
{quote} Trade evaluation. took 40 from the market. went short on the 1st signs of white crossing purple on both H2 and H1 simultaneously. market struggling at the high MACD getting weaker, previous candle opened below smooth shot up and started to retrace, then opened below purple on the white crossing. although against the trend the market was way out of balance, all fibs had flipped which gave me the confidence to short.
Hey Jakdan,

The long dedicated learning is definitely showing in your case. You are among the seniors on this thread now. I hope to get there one day.

Congrats.
  • #11,097
  • Aug 31, 2017 6:23am Aug 31, 2017 6:23am
Quoting dove_alliance
A couple days ago I had made this post in response to Rad's trading plan: "Going long at this time is out of the question. Going short is also out of the question. It is a time you have to wait for the right opportunity which is with White Crossing Purple on the H2 and then you can make adjustments with your trading plan. Support is the power and could carry this market to 131.389 and beyond. The risk of going long at this time is significant until you get a hit on the H2 support for the long. With this scenario you need confluence for an entry....
Thanks for the comments Dana, I will take your advice and lay off for another 1-2 weeks of further study before posting plans on the thread. I feel that the rules are not yet firmly embedded in my head. It is better to re-enter with more confidence in Paradox which can only come when the rules become second nature.
  • #11,098
  • Aug 31, 2017 6:32am Aug 31, 2017 6:32am
Quoting SolitudeFx
Hello Everyone, been awhile since I posted a plan but I have more time to focus on the paradox right now so I will continue to proceed with my training. Blessings everyone. Date: August 30/2017 Session: Asian Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing: Up Last EMA Alert Arrow: Up Last DB Attachment: Top with Sar Last Sar Attachment: Top with Db Fibo up or down: Down Notes: Horsemen, Romar, Ema uptrend. Fibo red. Db with Sar at the top. Imbalance with purple. 4 HR: ROMAR - Support EMA - Support PSAR - Support...
Self Evaluation

According to my plan I waited on the Sar to attach on the H2 at the lower high. The H2 parabolic had flipped for consolidation and ema had crossed purple so I entered as soon as I saw the Sar attach. My entry was maybe a little early as I could have had a better one once the market went sideways and hit the parabolic with the bb closing in for H2 ranging which would have given me a quicker trade. Thank you Dove for any feedback on this trade.

Trade result: +40 pips
The quieter you become, the more that you can hear.
  • #11,099
  • Aug 31, 2017 9:42am Aug 31, 2017 9:42am
Quoting SolitudeFx
{quote} Self Evaluation According to my plan I waited on the Sar to attach on the H2 at the lower high. The H2 parabolic had flipped for consolidation and ema had crossed purple so I entered as soon as I saw the Sar attach. My entry was maybe a little early as I could have had a better one once the market went sideways and hit the parabolic with the bb closing in for H2 ranging which would have given me a quicker trade. Thank you Dove for any feedback on this trade. Trade result: +40 pips
Let's just say you was lucky. What is the rule in 'Not what to do' on entries? The risk for a Higher High was imminent with your entry.
The Dove - Forex Trainer
  • #11,100
  • Aug 31, 2017 10:23am Aug 31, 2017 10:23am
Quoting dove_alliance
{quote} Let's just say you was lucky. What is the rule in 'Not what to do' on entries? The risk for a Higher High was imminent with your entry.
Would it be to never assume anything. I believe I came to the assumption that my entry was the lower high and that the market would drop with the Sar attached. Ema was also still sliding under smooth which shot the market up close to the BB.

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