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The Paradox System

  • #11,301
  • Oct 2, 2017 1:30am Oct 2, 2017 1:30am
Date: 2.10.17 8.00 CEST

Daily:
ROMAR - Support
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Up
Last DB Attachment - DB attached on top
Fibo up or down - Fibo is up from the bottom
Notes: SAR attached on bottom.

4 HR:
ROMAR - Support
EMA - Support
PSAR - Support
Notes: : The 4 horsemen are in an uptrend.

2 HR:
ROMAR - Support
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - DB attached on top
Fibo up or down - Fibo is up
Notes: Smooth crossed Purple for down, SAR attached on bottom.

1 HR:
ROMAR - Support
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Notes: PSAR flipped down, opened candle above Romar.

Final Notes for all charts: Consolidation, Price hit Romar - H2, Romar in uptrend on all charts, The 4 horsemen are in an uptrend – H4.

Entry:
Consolidation: went long off Romar H2
Long:
Short:

Rules: Confluence – Price hit Romar on H2, H1 and EMA on H4. Traded with Romar uptrend.
Attached Image (click to enlarge)
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Hard work beats talent when talent fails to work hard. - KD
  • #11,302
  • Oct 2, 2017 5:05am Oct 2, 2017 5:05am
Quoting pedro7676
Date: 2.10.17 8.00 CEST Daily: ROMAR - Support EMA – Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Up Last DB Attachment - DB attached on top Fibo up or down - Fibo is up from the bottom Notes: SAR attached on bottom. 4 HR: ROMAR - Support EMA - Support PSAR - Support Notes: : The 4 horsemen are in an uptrend. 2 HR: ROMAR - Support EMA – Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Down Last DB Attachment - DB attached on top Fibo up or down - Fibo is up...
Evaluation : SL hit, it was terrible trade. I traded against the H2 and H1 swing trend, PSARs on both charts were flipped down.
Hard work beats talent when talent fails to work hard. - KD
  • #11,303
  • Oct 2, 2017 8:50am Oct 2, 2017 8:50am
Quoting pedro7676
{quote} Evaluation : SL hit, it was terrible trade. I traded against the H2 and H1 swing trend, PSARs on both charts were flipped down.
Yes Pedro - it was a terrible trade. You went long with the Daily 4 horsemen down and EMA crossing - not to mention the DB on top. You had the H2 and H4 DB on top for the next connection on the bottom. The stopper for the long was the H2 MACD in which you totally disregard this fact on your trading plan. The bottom line you was bias.
The Dove - Forex Trainer
  • #11,304
  • Oct 2, 2017 12:31pm Oct 2, 2017 12:31pm
Quoting dove_alliance
{quote} Yes Pedro - it was a terrible trade. You went long with the Daily 4 horsemen down and EMA crossing - not to mention the DB on top. You had the H2 and H4 DB on top for the next connection on the bottom. The stopper for the long was the H2 MACD in which you totally disregard this fact on your trading plan. The bottom line you was bias.
Hello Dove,
thanks for your response. I still can not believe I entered long when everything was screaming for short. You are right, I was bias.

P.
Hard work beats talent when talent fails to work hard. - KD
  • #11,305
  • Edited 8:01pm Oct 2, 2017 6:49pm | Edited 8:01pm
Respectful Greetings to Dana and the senior mentors. After a further round of study (hardly enough perhaps), I am back to posting trading plans. I will still be constrained by full-time work limiting my flexibility of entering at the right time. Today is just a sick day off, so I thought it's a good day to get back into things. I look forward to some blunt comments from Dana, or anyone with enough background in Paradox.

Trading Plan 3/10/2017, 10:20 am AEDT (Melb.,Australia).

US RED news 3 hours away, GBP RED news 9 hours away. EUR ORANGE news 8 hours away.

Daily :
ROMAR : Supp (-200 pips)
EMA : Resistance (+40 pips)
PSAR : Resistance (+170 pips).
MACD : last crossed down.
fibo : RED.
SAR/DB : DB attached at top, SAR separated and attached at bottom, next attach for SAR to be at the top (depends).

With EMA crossing Purple on the Daily, it has nearly completed a swing downward and the daily is therefore in a consolidating downtrend, but still in primary uptrend until the EMA crosses the ROMAR. The 3 horsemen are facing downward, fibo23 and EMA are barely 40 pips above the market as strong resistance. With fib38 regarded as a weak support 60 pips below, there is plenty of room for the market t move down with fibo 61 and ROMAR nearly 200 pips below.

H4 :
ROMAR : Supp (+30 pips above market).
EMA : Res. (+35)
PSAR : R (+65)
fibo : Green

With ema at ROMAR crossing, the swing to down is nearly complete on the H4, 3 horsemen are facing downwards. H4 is in a consolidating downtrend, with fibo 23, the 3 horsemen, and ROMAR all strong resistances above the market.

H2 :
ROMAR : Res. (+40).
EMA : Res.(+15).
PSAR : Res. (+30)
MACD : last crossed down.
fibo : Green.
DB/SAR : together, attached at bottom.

The H2 timeframe is in a strong downtrend, with ROMAR, PSAR, and fibo 23 all strong resistance close to each other. The market is just below fibo 23.

H1 :

ROMAR : Res. (+30)
EMA : Res. (+3)
PSAR : Res. (+10)
MACD : last flipped UP
fibo : Green

White in a slider just under purple, the 3 horsemen are in a tight embrace, with no sign of EMA crossing purple yet. The H1 shows early signs of a swing into the up, but the EMA might just remain a slider and not cross, for a continuation into the downtrend. Also, the H2 smooth looks still some way from crossing.

ENTRY Notes : With the Paradox showing a clear dominance of resistances, the H1 and H2 are in sync with respect the the ROMAR trend, a short entry off the H2 EMA would be my pick. The H1 MACD cross is the one thing pointing to a long move, it will only materialize with possible confluence of H1 smooth & EMA cross, H2 MACD flip and then a long with candle open above the H2 EMA.

Screenshot of H2 attached. Will post entry if and when it arises, not too close to the listed news.

EDIT :
Took entry short ar SAR attachment on the H2, just below the bounce off H2 ema.
screenshot attached. USD RED news due in 1 hour, so will manage the trade accordingly.
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Attached Image
  • #11,306
  • Oct 3, 2017 3:17am Oct 3, 2017 3:17am
SELF EVALUATION :
===========

As soon as I did this entry, I realised my folly while revieweing the trade plan : we are not in a situation where in all timeframes are in sync to downtrend, so it's a big mistake trading downward off a resistance (Also, I read the new time wrong, but never mind that for now). So I kiled the trade, and waited. An entry for the long presented itself when smooth crossed purple on H2, and candle open above the EMA. Screenshot attached shows the +40 pips.

Well, better to realise my mistake and retract than wait for the SL. In self-evaluation, I initiallly failed to notice that we are in consolidation, so an entry which could be either short or long will only eventuate when the confluence become evident - e.g., smooth cross of purple on H2, putting H2 horsemen in a consolidation upswing, with candle open above EMA, as per Paradox rules.

I hope that in future I hope to have time to review my plan and entry before posting.
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  • #11,307
  • Oct 3, 2017 4:52am Oct 3, 2017 4:52am
Quoting rad1958
SELF EVALUATION : =========== As soon as I did this entry, I realised my folly while revieweing the trade plan : we are not in a situation where in all timeframes are in sync to downtrend, so it's a big mistake trading downward off a resistance (Also, I read the new time wrong, but never mind that for now). So I kiled the trade, and waited. An entry for the long presented itself when smooth crossed purple on H2, and candle open above the EMA. Screenshot attached shows the +40 pips. Well, better to realise my mistake and retract than wait for the...
Rad, well spotted in your error, however don't keep doing this (doubting yourself: I'm guilty as charged your honour) as this can slow you down. let the trade ride out and mark it up in a journal.
thats why i got rid of my live account because i made the same mistakes. be very careful.

Cheers A.
Stop killing our Oceans, Stop using single use plastics.
  • #11,308
  • Edited 6:25am Oct 3, 2017 5:39am | Edited 6:25am
Hey Jakdan,
your comments are much valued.

The 'bias' to go one way or the other arose in the head just looking at which way the horsemen were facing at that time. This led to the mental sloth of overlooking the rest of the big picture. I need to get used to this different kind of 'hard' work. It's hard for me right now, to take so many confluence factors into account. Part of the problem is limited time. I don't want to turn up sleep-deprived at work every morning. But today I had a sick day off, so had the time to review, post entry.
Making a journal is a good idea, I like it. I wonder how many traders devote the time to create one and examine it regularly to avoid making same error again.

I am inspired by your long and hard journey, and am determined to get there.

And I do appreciate your advice about money. I am not doing any serious money until I get the success rate. I am a very risk averse person.
  • #11,309
  • Oct 3, 2017 9:10am Oct 3, 2017 9:10am
Date: 3.10.17 15.00 CEST

Daily:
ROMAR - Support
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - DB attached on top
Fibo up or down - Fibo is up from the bottom
Notes: SAR attached on bottom.

4 HR:
ROMAR - Resistance
EMA – Resistance
PSAR - Resistance
Notes: : Smooth crossed Purple for up, DB attached on bottom.

2 HR:
ROMAR - Resistance
EMA – Support
PSAR - Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - DB attached on top
Fibo up or down - Fibo is down
Notes: Romar crossed Purple for up.

1 HR:
ROMAR - Support
EMA – Support
PSAR - Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Notes: Romar crossed EMA for up.

Final Notes for all charts: Consolidation. H2 - Romar crossed Purple for up, EMA and MACD arr. are up in right order. H4 - Smooth crossed Purple for up, DB attached on bottom.

Entry:
Consolidation: went long off Smooth - H2
Long:
Short:

Rules : Romar crossed EMA for up – H1, Romar crossed Purple for up – H2, Smooth crossed Purple for up, DB attached on bottom – H4. Confluence : Price hit – Romar(H1), Smooth (H2) and Romar (H4).

Attached Image (click to enlarge)
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Hard work beats talent when talent fails to work hard. - KD
  • #11,310
  • Oct 3, 2017 9:17am Oct 3, 2017 9:17am
Quoting rad1958
SELF EVALUATION : =========== As soon as I did this entry, I realised my folly while revieweing the trade plan : we are not in a situation where in all timeframes are in sync to downtrend, so it's a big mistake trading downward off a resistance (Also, I read the new time wrong, but never mind that for now). So I kiled the trade, and waited. An entry for the long presented itself when smooth crossed purple on H2, and candle open above the EMA. Screenshot attached shows the +40 pips. Well, better to realise my mistake and retract than wait for the...
The greatest mistake a trader can make is compromising rules that are set in stone. The reason for rules in trading is a learning curve in conditioning the mind and emotions to be greater then ones own reasoning. It is learning how to be great and not weak with rationalizing excuses. It is learning how to control failure and generate it into success.

The rule states very clearly: One trade per 24 hours and once a trade is executed the trade must ride out its course. By not compromising this rule you learn more and learn how to control your emotions. If you are trading live while learning then you have a major problem; and I wish you luck because you are going to need it.
The Dove - Forex Trainer
  • #11,311
  • Oct 3, 2017 10:41am Oct 3, 2017 10:41am
Quoting pedro7676
Date: 3.10.17 15.00 CEST Daily: ROMAR - Support EMA – Resistance PSAR - Resistance Check List: Last MACD 0 crossing - Down Last EMA Alert Arrow - Down Last DB Attachment - DB attached on top Fibo up or down - Fibo is up from the bottom Notes: SAR attached on bottom. 4 HR: ROMAR - Resistance EMA – Resistance PSAR - Resistance Notes: : Smooth crossed Purple for up, DB attached on bottom. 2 HR: ROMAR - Resistance EMA – Support PSAR - Support Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - Up Last DB Attachment - DB attached on top Fibo...
Pedro - let me go through a few things while your trade is running:

Below is off your trading plan:

Final Notes for all charts: Consolidation. H2 - Romar crossed Purple for up, EMA and MACD arr. are up in right order. H4 - Smooth crossed Purple for up, DB attached on bottom.

Entry:
Consolidation: went long off Smooth - H2
Long:
Short:

Rules : Romar crossed EMA for up – H1, Romar crossed Purple for up – H2, Smooth crossed Purple for up, DB attached on bottom – H4. Confluence : Price hit – Romar(H1), Smooth (H2) and Romar (H4).

1. ROMAR does not change the trend crossing Purple - ROMAR changes trend crossing EMA.
2. DB/SAR is attached on top of the H2 and the H2 is your trading chart not the H4.
3. Smooth is support but ROMAR is resistance and has the power.
4. Both the H2 and H4 has ROMAR as resistance.
5. being in consolidation your risk factor is much higher going long then short.
6. Your confluence is totally wrong being in consolidation because ROMAR is resistance on the H2 and above EMA.

One of two things will happen with your entry:

1. if you get your profit it will take some major time to accumulate.

or

2. ROMAR will hold resistance on the turn and you will lose your trade.

In other words - ROMAR will slide over EMA for the continuance of the downtrend. When you pulled the trigger there was no trade going either way. I hope this helps you in seeing what is happening in the moment.
The Dove - Forex Trainer
  • #11,312
  • Oct 3, 2017 11:14am Oct 3, 2017 11:14am
Quoting dove_alliance
{quote} Pedro - let me go through a few things while your trade is running: Below is off your trading plan: Final Notes for all charts: Consolidation. H2 - Romar crossed Purple for up, EMA and MACD arr. are up in right order. H4 - Smooth crossed Purple for up, DB attached on bottom. Entry: Consolidation: went long off Smooth - H2 Long: Short: Rules : Romar crossed EMA for up – H1, Romar crossed Purple for up – H2, Smooth crossed Purple for up, DB attached on bottom – H4. Confluence : Price hit – Romar(H1), Smooth (H2) and Romar (H4). 1. ROMAR does...
Thank you very much, Dove. It helped and I got it. I have been looking at H2 chart from the moment I entered the trade and I came to same conclusion. I entered prematurely and now I will probably wait 6-8 hours to find out if I win or lose. My timing is bad. It happened to me lot of time. Need to be patient. I knew about the risk with Romar on H2, but I entered, I do not know why. I should wait for Romar crossing Ema on H2 but I did not. I am trying to see or predict what will happen and not seeing what is happening in the moment, that is the problem. It is a garbage that I brought from my past trading time.
Hard work beats talent when talent fails to work hard. - KD
  • #11,313
  • Oct 3, 2017 11:36am Oct 3, 2017 11:36am
Quoting pedro7676
{quote} It is a garbage that I brought from my past trading time.
Believe me - this happens to the best of us; especially with those who have been trading for a long time. The most critical situation in starting over is believing and having faith with the Paradox and learning what the paradox is saying. The Paradox is 100% correct and never lies. What it says it will do is exactly what it will do. That is why it is very import in learning how to trade in the moment. You never trade the past but only the moment. You never trade what you think the Paradox will do but only in the moment of what the Paradox is saying to you.

The Paradox will never let you trade from past history; and the reason is because the Paradox is the Matrix of the future. The rules of the Paradox will always keep you true provided you trade by the rules. When you start relying on the garbage of the past is when you will lose. Just start believing in what is being said and you will find an incredible difference in your trading.
The Dove - Forex Trainer
  • #11,314
  • Oct 3, 2017 11:56am Oct 3, 2017 11:56am
Traders: Let me bring to your attention with the H4 chart. The H4 is NOT a trading chart. The H4 is a reference chart. If you use the SAR and not the DB with the H4 you will go a long ways. This is especially true in consolidation.
The Dove - Forex Trainer
  • #11,315
  • Oct 3, 2017 2:52pm Oct 3, 2017 2:52pm
Quoting dove_alliance
{quote} The greatest mistake a trader can make is compromising rules that are set in stone. The reason for rules in trading is a learning curve in conditioning the mind and emotions to be greater then ones own reasoning. It is learning how to be great and not weak with rationalizing excuses. It is learning how to control failure and generate it into success. The rule states very clearly: One trade per 24 hours and once a trade is executed the trade must ride out its course. By not compromising this rule you learn more and learn how to control your...
Dear Dana,

Your comments are precious to my learning and shall be taken on board.

I am not trading real account as you can see in my H2 screenshot, it's a demo account. I will stick to the rules hencforth.
  • #11,316
  • Oct 3, 2017 3:28pm Oct 3, 2017 3:28pm
Trading Plan 4th Oct 2017 7 am AEDT.

News : GBP RED 12 hours, US RED 14 hours away.

DAILY :

ROMAR : SUPP (-220 pips)
EMA : Res. (+6)
PSAR : Res. (+120 pips)
MACD : last corssed down.
fibo : RED
SAR : attached at bottom
DB : at top

Notes : The daily horsemen contninue to head down strongly, with market at ema, the daily is in balance. fib23 (20 pips above), ema (6 pips above) and PSAR (120 pips above) are the Paradox resistance levels. fib38 as support is 80 pips below. With EMA at Smooth, the horsemen crossing towards downswing is nearly complete. The daily is in a consolidating downswing, while the ROMAR ternd is up, until it crosses the EMA.

H4 :

ROMAR : Res (+3 pips)
EMA : Supp (at market)
PSAR : Supp 32 pips below(flipped last candle)
fibo : RED

The H4 horsemen are headed up, with ROMAR primary trend down, but ema and ROMAR are very tight. Smooth and EMA crossed purple for the upswing at fib38, PSAR flipped to become support on previous candle. H4 is in a tight consolidation with market at fib38, EMA and ROMAR. fib23 resistance is 20 pips above, fib 61 support 32 pips below. H4 white and smooth supports just below the market.

H2 :
ROMAR : Supp (+7 pips)
EMA : res (at market)
PSAR : Supp, eleiminated with white cross purple.
DB/SAR : at top
fibo : Green
MACD : last crossed UP.

The H2 is in a tight consolidation, with market just below the horsemen, a downswing is in progress with smooth at purple for the crossing. fib 23 as strong support is barely 250pips below the market, fib 0 about 40 pips below. The EMA is not currently near ROMAR for the cross, and may continue to be a slider below the ROMAR. Short entry indicated with current candle opened below the EMA and teh parabolic eliminated, but fib23 stands in the way just 20 pips below.

H1 :
ROMAR : Res (at market)
EMA : Res. (at market)
PSAR : Res. (+20 pips)
fibo : RED,
MACD : last crossed DOWN

WIth the EMA crossing of purple, the H1 is in a consolidating downswing, but the horsemen togther with ROMAR are in a tight consolidation.

ENTRY : possible short entry with H2 candle open below ema and the parabolic eliminated. Seeing the market doesn't go far before hitting H2 fib23 as the strong support, a patient wait for entry on a bounce off H2 ROMAR will be favoured.

I might not be able to post a screenshot, or even make an entry as I commute to work in 30 mts. Will do self evaluation later in the day.
Attached Image (click to enlarge)
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  • #11,317
  • Oct 4, 2017 2:28am Oct 4, 2017 2:28am
traders, here is a trade i took yesterday and has just closed FOR + 40, i guess i needed a little more patience as i missed the ride North doing something else but the idea was there. DB at 61.8 expecting a flip, h4 sar at Psar and Daily at smooth, guess i should have waited for the horses to run out of steam.
If i had counted where the 40 stop would have been on the up entry i guess i would have got in at the right time.
Attached Image (click to enlarge)
Click to Enlarge Name: SAR after pwx against romar then DB short.PNG Size: 76 KB
Stop killing our Oceans, Stop using single use plastics.
  • #11,318
  • Oct 4, 2017 4:26am Oct 4, 2017 4:26am
Quoting rad1958
Trading Plan 4th Oct 2017 7 am AEDT. News : GBP RED 12 hours, US RED 14 hours away. DAILY : ROMAR : SUPP (-220 pips) EMA : Res. (+6) PSAR : Res. (+120 pips) MACD : last corssed down. fibo : RED SAR : attached at bottom DB : at top Notes : The daily horsemen contninue to head down strongly, with market at ema, the daily is in balance. fib23 (20 pips above), ema (6 pips above) and PSAR (120 pips above) are the Paradox resistance levels. fib38 as support is 80 pips below. With EMA at Smooth, the horsemen crossing towards downswing is nearly complete....
I took an entry upon the EMA at Purple for the cross, about 27 mts after H2 candle open below EMA at the vertical red line seen in the screenshot below. I believe this is in line with Paradox rule illustrated by Dana at Post 375 :

___
" .... market getting above the ROMAR DOWNTREND ... This scenario is showing ROMAR sliding over EMA and the netry was at the OPEN candle below EMA".
_____

Once I had 22 pips, pulled the sl to b/e plus 1 pips. MArket did a sudden spike up but retraced. Given that my tp is below the previous DB low, hmm... wait and see. EDIT : The entry was confirmed by MACD flip and PSAR flip on the H2 on the next 2 candles, so I think it was a good entry (Dana correct me if wrong please).

ROund about the point where the green arrow up shwoed up on H2 (see screenshot below), the SAR actually attached to the bottomat the parabolic. I was instantly thinking of a long just for an instant, recalling the rule at post 306 :

_________
The entry for this down was the SAR hit at 118.644 on the 1 hour:- Since the candle was developing at the time the SAR was attached to the candle - the entry was right at the Parabolic. And there were 4 - 1 hour candles with the Parabolic hit. Just remember what I had said about the Parabolic hit and that is on any chart. You take entry with the hit and there are times you will have a great visual with the SAR.
Question : Is this rule valid only if the market bounces off parabolic and the parabolic doesn’t flip (I think so), or also when the parabolic fips ?
_______________
In this case, the parabolic did not flip in the next 2 candles.

Any comments on this question and on the trade Dana please ? Could I have entered earlier, and achieved 40 pips by now, if so, on what basis ?
Attached Image (click to enlarge)
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  • #11,319
  • Oct 4, 2017 4:32am Oct 4, 2017 4:32am
Dear Dana, traders and fellow co-apprentices, I have compiled a document with Paradox rules by the categories e.g., rules on trend, consolidation. It is by no means complete. If Dana permits, I can post the document which I hope to update as I got through the remaining 300 pages of the forum.

Dana, if you like I can send it for review before I post it in the forum, not wanting to disrupt the learning momentum for the new comers. Please let me know, more than happy to contribute something back.
  • #11,320
  • Oct 4, 2017 7:41am Oct 4, 2017 7:41am
Quoting rad1958
{quote} I took an entry upon the EMA at Purple for the cross, about 27 mts after H2 candle open below EMA at the vertical red line seen in the screenshot below. I believe this is in line with Paradox rule illustrated by Dana at Post 375 : ___ " .... market getting above the ROMAR DOWNTREND ... This scenario is showing ROMAR sliding over EMA and the netry was at the OPEN candle below EMA". _____ Once I had 22 pips, pulled the sl to b/e plus 1 pips. MArket did a sudden spike up but retraced. Given that my tp is below the previous DB low, hmm... wait...
The rules states no B/E - you must let the trade ride for either TP or SL. That is my comment.
The Dove - Forex Trainer
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