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The Paradox System

  • #11,321
  • Oct 4, 2017 7:44am Oct 4, 2017 7:44am
Quoting rad1958
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.
It is apparent you do not know the rules. Besides, there are documents with the correct rules on the thread and that is all that is needed.
The Dove - Forex Trainer
  • #11,322
  • Oct 4, 2017 12:50pm Oct 4, 2017 12:50pm
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...
Evaluation : I closed this trade at 132.650 ( because of Draghi Speech). Price did not hit TP or SL for 27 hours. It was not good trade, I just got lucky that I did not lose. SL was nearly hit. I entered long off smooth as support but it was against ROMAR trend. Then ROMAR slid over EMA for the continuance of the downtrend and it was over.
Hard work beats talent when talent fails to work hard. - KD
  • #11,323
  • Oct 4, 2017 3:42pm Oct 4, 2017 3:42pm
Quoting dove_alliance
{quote} It is apparent you do not know the rules. Besides, there are documents with the correct rules on the thread and that is all that is needed.
Dear Dana,

Thank you for your comments. I was under the impression that rules include moving SL to B/E at 20 pips of profit. I stand corrected.

Will bear that in mind for the future.
  • #11,324
  • Oct 5, 2017 2:50am Oct 5, 2017 2:50am
Date: 5.10.17 9.00 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: PSAR flipped down.

4 HR:
ROMAR - Resistance
EMA – Resistance
PSAR - Support
Notes: : Romar is Resistanace, SAR attached on top.

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: DB attached on top, Smooth crossed Purple for down, candle opened below EMA, price hit fib 23.6.

1 HR:
ROMAR - Resistance
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Notes PSAR flipped down.

Final Notes for all charts: Consolidation - market is ranging. Daily - PSAR flipped down, H4,H2,H1 - Romar is Resistance, H2 – DB attached on top, price hit fib 23,6 (resistance), smooth crossed purple for down.

Entry:
Consolidation: went short off fib 23.6 - H2
Long:
Short:

Rules : H2 – DB attached on top, price hit fib 23,6 (resistance), smooth crossed purple for down and Romar is still resistance. Daily - PSAR flipped down. Range - trade from top (resistance) to bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 251 KB
Hard work beats talent when talent fails to work hard. - KD
  • #11,325
  • Oct 5, 2017 4:55am Oct 5, 2017 4:55am
Quoting pedro7676
Date: 5.10.17 9.00 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: PSAR flipped down. 4 HR: ROMAR - Resistance EMA – Resistance PSAR - Support Notes: : Romar is Resistanace, SAR attached on top. 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...
Pedro, check your bar count
Stop killing our Oceans, Stop using single use plastics.
  • #11,326
  • Oct 5, 2017 5:05am Oct 5, 2017 5:05am
Quoting jakdan
{quote} Pedro, check your bar count
I am aware of that, do not have right resolution so I always have to check fibo if it is correct - it was correct so i entered at 23.6.
Hard work beats talent when talent fails to work hard. - KD
  • #11,327
  • Oct 5, 2017 6:01am Oct 5, 2017 6:01am
Quoting pedro7676
Date: 5.10.17 9.00 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: PSAR flipped down. 4 HR: ROMAR - Resistance EMA – Resistance PSAR - Support Notes: : Romar is Resistanace, SAR attached on top. 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...
Evaluation : TP was hit. We are in consolidation, market is ranging. I wanted to enter as high as possible and use resistance (fib 23.6) for trading from top to bottom. I traded with Romar trend, DB was attached on top. I think it was a good trade.
Hard work beats talent when talent fails to work hard. - KD
  • #11,328
  • Oct 5, 2017 8:34am Oct 5, 2017 8:34am
Quoting pedro7676
{quote} Evaluation : TP was hit. We are in consolidation, market is ranging. I wanted to enter as high as possible and use resistance (fib 23.6) for trading from top to bottom. I traded with Romar trend, DB was attached on top. I think it was a good trade.
Much, much better Pedro. Just stay focus with the trend and you will be successful. This was an excellent trade taking from the high with ROMAR as resistance.
The Dove - Forex Trainer
  • #11,329
  • Oct 6, 2017 4:52am Oct 6, 2017 4:52am
Quoting dove_alliance
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.
this is a scary weapon indeed you sir, are a saint in the making.
  • #11,330
  • Oct 6, 2017 9:20am Oct 6, 2017 9:20am
Date: 6.10.17 16.00 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: Price hit EMA as resistance, PSAR flipped down.

4 HR:
ROMAR - Resistance
EMA – Resistance
PSAR - Resistance
Notes: Price hit fib 61,8.

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: DB attached on top.

1 HR:
ROMAR - Resistance
EMA – Support
PSAR - Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Notes: Price hit upper BB.

Final Notes for all charts: Consolidation. H4,H2,H1 - Romar is Resistance, Daily - PSAR flipped down, H2 – DB attached on top - divergence, H4 – price hit 61.8.

Entry:
Consolidation: went short off DB (132,646) - H2
Long:
Short:

Rules : H2 – DB attached on top-divergence, Romar is resistance. H4 - price hit fib 61,8 (resistance). Daily - PSAR flipped down, price hit EMA (resistance).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 262 KB
Hard work beats talent when talent fails to work hard. - KD
  • #11,331
  • Oct 6, 2017 9:31am Oct 6, 2017 9:31am
Pedro, don't you think you enter too early ? ( I am just asking )
  • #11,332
  • Oct 6, 2017 9:40am Oct 6, 2017 9:40am
Quoting Lordlink
Pedro, don't you think you enter too early ? ( I am just asking )
I have found out that better than thinking or analyzing is just stick to the rules and trade what paradox is saying. So, we will see.
Hard work beats talent when talent fails to work hard. - KD
  • #11,333
  • Oct 6, 2017 10:24am Oct 6, 2017 10:24am
Quoting pedro7676
Date: 6.10.17 16.00 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: Price hit EMA as resistance, PSAR flipped down. 4 HR: ROMAR - Resistance EMA – Resistance PSAR - Resistance Notes: Price hit fib 61,8. 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...
Evaluation : TP was hit. I entered short from DB with ROMAR as resistance. Price hit fib 61,8 - H4 and EMA (resistance) on Daily. I traded with Romar trend, so it was a good trade.
Hard work beats talent when talent fails to work hard. - KD
  • #11,334
  • Oct 6, 2017 11:05am Oct 6, 2017 11:05am
Hello traders,

Just finished reading all the pages of thread and would like to ask a question please.

Yesterday the H2 PSAR flipped for the down with EMA/MACD arrows in correct order. This put H1, H2 and H4 in a downtrend with the daily 4 horsemen down, daily ROMAR up and SAR at the bottom.

I was watching the market yesterday and if i was trading I would have been taking a trade short off H2 smooth resistance to go along with the trend. This would have been a losing trade since the market retraced to Romar for the short.

I was wondering what kept you from going short at the bottom ? Was it strictly because of the FIBO FLIP on H2 since we are still in consolidation with the daily ROMAR up ?

Thanks for your help.

(I used the screenshot provided by pedro7676)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 262 KB
  • #11,335
  • Oct 6, 2017 11:29am Oct 6, 2017 11:29am
Quoting pedro7676
{quote} Evaluation : TP was hit. I entered short from DB with ROMAR as resistance. Price hit fib 61,8 - H4 and EMA (resistance) on Daily. I traded with Romar trend, so it was a good trade.
Excellent trade Pedro and I really like your answer to Lordlink's question. You did not let let him intimate you but stuck with your conviction. Very good.
The Dove - Forex Trainer
  • #11,336
  • Oct 6, 2017 11:31am Oct 6, 2017 11:31am
Quoting Sorel
Hello traders, Just finished reading all the pages of thread and would like to ask a question please. Yesterday the H2 PSAR flipped for the down with EMA/MACD arrows in correct order. This put H1, H2 and H4 in a downtrend with the daily 4 horsemen down, daily ROMAR up and SAR at the bottom. I was watching the market yesterday and if i was trading I would have been taking a trade short off H2 smooth resistance to go along with the trend. This would have been a losing trade since the market retraced to Romar for the short. I was wondering what kept...
To answer your question means you need to study the DB/SAR. If you do that then you will find your answer.
The Dove - Forex Trainer
  • #11,337
  • Oct 6, 2017 11:58am Oct 6, 2017 11:58am
Quoting dove_alliance
{quote} To answer your question means you need to study the DB/SAR. If you do that then you will find your answer.
Thank you for your reply sir. I will focus on the DB/SAR in consolidation and in trend over the week-end and start posting plans next week.
  • #11,338
  • Oct 6, 2017 12:04pm Oct 6, 2017 12:04pm
Quoting dove_alliance
{quote} Excellent trade Pedro and I really like your answer to Lordlink's question. You did not let let him intimate you but stuck with your conviction. Very good.
Thank you Dana, I appreciate it.
Hard work beats talent when talent fails to work hard. - KD
  • #11,339
  • Oct 6, 2017 3:43pm Oct 6, 2017 3:43pm
I had a trader ask me why I have a rule for 40/40 as there are trades could be taken for 60 or 80 pips? My answer was this:

"What is the reason why traders lose money?"

There are several reasons - such as not creating trading plans; not using SL/TP; but mostly not using “reward/risk ratio” which is also known as “greed”.

So what is reward/risk ratio?

If you risk losing the same number of pips as you hope to gain, then your reward/risk ratio is 1-to-1 (also written 1:1). And this is why you have the 40/40 rule. If you target a profit of 80 pips with a risk of 40 pips, then you have a 2:1 reward/risk ratio. I always recommend in using a minimum of 1:1 ratio. That way, if you are right only half the time, you will at least break even.

Once you have a trading plan that uses a proper reward/risk ratio, the next challenge is to stick to the plan. Remember, it is natural for humans to want to hold on to losses and take profits early, but it makes for bad trading habits. We must overcome this natural tendency and remove our emotions from trading. The best way to do this is to set up your trade with Stop-Loss and Limit orders from the beginning.

The number one reason traders go bankrupt is greed. So many times I had seen traders ride a losing trade until they were bankrupt. Their emotions would not let them close a losing trade; believing it will turn before going broke. Unfortunately – they went broke.

The 40/40 rule protects you from such greed. Every rules for trading on this thread is for a “safe haven” in protecting your every trade and money.

The actual distance you place your stops and limits will depend on the conditions in the market at the time, such as volatility, currency pair, and where you see support and resistance. You can apply the same reward/risk ratio to any trade. If you have a stop level 40 pips away from entry, you should have a profit target 40 pips away. Example: If you have a stop level 100 pips away, your profit target should be at least 100 pips away. This example is used in trading the Daily chart. You always use the reward/risk ratio 1:1 on all of your trades.

Using B/E is also a mindset of greed. You cannot learn to trade in using B/E. If you learn how to trade properly then you will never need B/E. Once you had hit a level of 80% in using the reward/risk ratio of 40/40; then you are ready to trade live, and not before then.

Every one have a great and blessed weekend.
The Dove - Forex Trainer
  • #11,340
  • Oct 8, 2017 7:54pm Oct 8, 2017 7:54pm
Date: 9.10.17 2.30 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: PSAR flipped down, price hit Purple .

4 HR:
ROMAR - Resistance
EMA – Resistance
PSAR - Resistance
Notes: Price hit PSAR.

2 HR:
ROMAR - Resistance
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Down
Last DB Attachment - DB attached on bottom
Fibo up or down - Fibo is down
Notes: PSAR flipped down, price hit Smooth.

1 HR:
ROMAR - Resistance
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Notes: PSAR flipped down.

Final Notes for all charts: Consolidation. H4, H2 - Romar is Resistance, Daily - PSAR flipped down - price hit Purple. H4 – price hit PSAR.

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

Rules : Confluence : Price hit Purple (D1), PSAR (H4) and Smooth (H2) – all as resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 259 KB
Hard work beats talent when talent fails to work hard. - KD
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