The Paradox System | Page 591 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The paradox System 2023 (for beginners) 724 replies

Paradox System: post your entry here 12 replies

Paradox system avg monthly ROR for last 12 months 33 replies

Learning the Paradox System=Set up / Trade Plan / Results Only 1 reply

lets talk about the system called PARADOX 2 replies

Attachments: The Paradox System
Exit Attachments

The Paradox System

  • #11,801
  • Nov 3, 2017 4:55am Nov 3, 2017 4:55am
Quoting Ilkh
thanks for the answers and i know i only reading around a week. I have much to go. Only 1 minute of research had bring the light its hard to not asking stupid questions.
No problem. It is better and more useful to you when you have to find the answer yourself. You will remember it then!
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #11,802
  • Nov 3, 2017 6:10am Nov 3, 2017 6:10am
Quoting Andiroo
Session London/New York: EUR-JPY 02/11/2017 (Hendo, hope you don’t mind me using your trading plan as a template!) Daily: opened above EMA ROMAR: Support EMA: Resistance Parabolic: Resistance Notes: EMA crossed Purple, White down. DB down with Blue Divergence attach at 0.0 FIBO. Trend EMA arrow UP. MACD down. FIBO up. Purple now at White. H4 ROMAR: Resistance EMA: Support Parabolic: Support Notes: Horsemen UP. DB UP with divergence/ SAR down and attached at EMA. FIBO up. EMA below ROMAR. H2 ROMAR: Support EMA: Support Parabolic: Support Notes: Horsemen...
Result: +12 pips, pulled out 5 mins before NFP

Evaluation: in my humble opinion "how to ruin a decent trading plan by hesitating in the moment"......

Pulled the trigger too late, already +10 pips from the H2 SAR hit on parabolic support before I pulled the trigger, it went up 47 pips so I was left 3 pips short of my TP....plus 22hrs waiting to get out.

Lesson to self - if it hits your trading plan entry, then do not hesitate, pull the trigger.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #11,803
  • Nov 3, 2017 6:55am Nov 3, 2017 6:55am
Quoting pedro7676
Date: 2.11.17 5.00 CET 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 bottom Fibo up or down - Fibo is up Notes: DB attached on bottom , candle opened at EMA. 4 HR: ROMAR – Resistance EMA – Support PSAR - Support Notes : candle opened above Romar and smooth. 2 HR: ROMAR – Resistance/ Support 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 : I closed this trade ahead of NFP. TP or SL was not hit for 32 hours. No volatility last 2 days.
Hard work beats talent when talent fails to work hard. - KD
  • #11,804
  • Nov 3, 2017 11:16am Nov 3, 2017 11:16am
friends
Do you want to have winning trades above 80% with the Paradox system?
h1, h2 and D1 in trend confluence.
No more mistakes
use logic and common sense.
Stop asking the same stupid questions, which means that we do not start learning.
regards
  • #11,805
  • Nov 3, 2017 11:20am Nov 3, 2017 11:20am
I have seen people making the same mistake for a long time and they do not change their attitude even though Dove has said to the point of exhaustion what is useful and what does not work.
  • #11,806
  • Edited 1:06pm Nov 3, 2017 12:38pm | Edited 1:06pm
panusa1807,

Until you're done system hopping, and asking other thread's for signals. I would highly recommend not commenting on this thread. The traders putting in the time to learn, and submitting trading plans, will get help and guidance. They do not need or deserve any negativity that would take away from reaching their goals.

You need to make your own decision on whether or not you want to become 80% or greater, at trading!

Chad
  • #11,807
  • Nov 3, 2017 12:55pm Nov 3, 2017 12:55pm
Quoting Lhd
Day 3/11/2017 News: No red news until US session Daily: ROMAR: Support EMA: Resistance Parabolic: Resistance Notes: White cross Purple, open above Smooth, EMA arrow up, MACD arrow down. DB attach at the bottom. +80 pips away from Purple. Fibo up. H4 ROMAR: Support EMA: Support Parabolic: Support Note: DB and SAR attach on top, fibo up H2 ROMAR: Support EMA: Support Parabolic: Support Notes: White, Smooth crossed Purple. PSAR get close to EMA. MACD arrow down, EMA arrow up. DB on top, SAR on bottom, Fibo down H1 ROMAR: Support EMA: Resistance Parabolic:...
Evaluation: Trade closed as Friday and I need to go to bed. TP/SL not hit. I have a mistake as the entry was a red news release, I was waiting to enter the open candle after NFP and didn't realize until it over. Will not make this mistake again. Enter trade as H1, H2, Daily PSAR sync, H4 EMA and housemen just slide over ROMAR for continue downtrend, Daily EMA Smooth above Purple and still resistance , H2 cycle for a low, DB confirm trend down.
Trust. Commitment. Love
  • #11,808
  • Nov 3, 2017 1:02pm Nov 3, 2017 1:02pm
Quoting Hendo
panusa1807, Until you're done system hopping, and asking other thread's for signals. I would highly recommend not commenting on this thread. The traders putting in the time to learn, and submitting trading plans, will get help and guidance. They do not need or deserve any negativity that would take away from reaching their goals. You need to make your own decision on weather or not you want to become 80% or greater, at trading! Chad
spot on Chad, however the wife would murder you for your spelling of weather
Stop killing our Oceans, Stop using single use plastics.
  • #11,809
  • Nov 3, 2017 1:11pm Nov 3, 2017 1:11pm
Quoting jakdan
{quote} spot on Chad, however the wife would murder you for your spelling of weather

I fixed it. Thanks, for the heads up my friend. Can't have your wife upset with me. It's hard enough staying out of the dog house with my own wife!

Have a great weekend!
  • #11,810
  • Nov 3, 2017 6:58pm Nov 3, 2017 6:58pm
If you really trade by the rule of the paradox you can really make serious money. Everyday I thank the creator of the paradox. I thank my savior, I thank the trader who lead me to dove, and I thank dove for this system. Price action has really nothing to do with the paradox, those engulfing, pinbar, morning star, breakout traps to name a few would really bankrupt you until you throw that garbage away out of your system, you will not make it. The paradox taught me to really become a professional trader. re-read and study the system from page 1-500 dedicate yourself and put your heart to it if you want to be part of the 5%. Hendo and Shinny are successful traders of the paradox and they were also my inspiration why I made it this far.
To reach that level of determination is a matter of the will.
  • #11,811
  • Edited 6:59am Nov 4, 2017 6:46am | Edited 6:59am
I'm starting with this AWSOME system, and i have high expectations about it. I hope i can find the answer for this.

i've installed all the the indicators & templates but i can't atacchad the "Period converter indicator" to the H1 Chart to create the H2 Chart, please ΏCan somebody help?
The Indicator in the list remains transparent

Sorry for my bad english.

God bless you

EDIT: Problem solved, the indicator is already attached, Let's begin the full adventure of Paradox (Starting reading all 500 pages)
  • #11,812
  • Nov 4, 2017 11:59am Nov 4, 2017 11:59am
Quoting Hendo
Hello Traders, Here is today's trade plan and entry. Best Regards, Chad Session Sydney: EUR-JPY 11/1/2017 Daily: Open 6 pips above EMA. ROMAR: Support EMA: Resistance / Support Parabolic: Resistance Notes: EMA crossed Purple, White, and Smooth down. DB down with Blue Divergence attach at 0.0 FIBO. Trend EMA arrow down. MACD zero cross arrow down. FIBO up. H2 ROMAR: Support / Resistance EMA: Support Parabolic: Support Notes: Horsemen up. DB up with Magenta and Green Divergence attach at 0.0 FIBO. SAR attach below EMA for the up. Trend EMA arrow up....
Hey Hendo,

Thanks so much for posting your trading plan. You, Shinny, Tradermarcos, and of course Dove are an inspiration. Speaking from everyone here- we're extremely grateful for your insight. Last week became extremely busy for me and I wasn't able to post my plans. Taking the weekend to study and catch up. Just wanted to say thanks.

-Dom
  • #11,813
  • Nov 4, 2017 2:38pm Nov 4, 2017 2:38pm
Quoting Hendo
Hello Traders, Here is today's trade plan and entry. Best Regards, Chad Session Sydney: EUR-JPY 11/1/2017 Daily: Open 6 pips above EMA. ROMAR: Support EMA: Resistance / Support Parabolic: Resistance Notes: EMA crossed Purple, White, and Smooth down. DB down with Blue Divergence attach at 0.0 FIBO. Trend EMA arrow down. MACD zero cross arrow down. FIBO up. H2 ROMAR: Support / Resistance EMA: Support Parabolic: Support Notes: Horsemen up. DB up with Magenta and Green Divergence attach at 0.0 FIBO. SAR attach below EMA for the up. Trend EMA arrow up....
Just one question with this trading plan. On the daily, the EMA was resistance at least from my understanding (above purple from prior cross). You wrote daily EMA was "support/resistance" then entered the trade "going long off support"- was this a missight, or are you anticipating what is happening? Just trying to understand. Also, same with H2 romer: you mentioned it was support even though it hadn't crossed EMA yet- was still resistance.
Your trade went almost straight up, with romer subsequently crossing EMA- very impressive. Kind of like you're trading with your heart and not overanalyzing the moment. I just want to make sure I'm not missing something. Sorry for the question, hope this isn't coming across the wrong way.
  • #11,814
  • Nov 4, 2017 4:41pm Nov 4, 2017 4:41pm
Quoting SixSigma
{quote} Just one question with this trading plan. On the daily, the EMA was resistance at least from my understanding (above purple from prior cross). You wrote daily EMA was "support/resistance" then entered the trade "going long off support"- was this a missight, or are you anticipating what is happening? Just trying to understand. Also, same with H2 romer: you mentioned it was support even though it hadn't crossed EMA yet- was still resistance. Your trade went almost straight up, with romer subsequently crossing EMA- very impressive. Kind of...
Hello Dom,

Great questions! There was no miss sight, with regards to my plan. It is exactly as stated a (Plan). With the market above Daily EMA and, for the purposes of determining trend and entry, starting with the H2 chart, then referencing the H1, as well as H4.

I one determined the current trend was up, according to the H1, H2, and H4 charts. So I was thinking only about going long. When I state Resistance / Support, it is exactly that. The Daily EMA was resistance. With the market opening above EMA, for the purpose of entry it would act as support, knowing full well it could go a little beyond as it did. H2 ROMAR was resistance with EMA below. But, again for the purpose of entry it was acting as support. It wasn't until ROMAR crossed EMA that it would become support.

H1 horsemen were very solidly up. H2, Purple, was sliding over ROMAR. Purple, was in a slider with Smooth and was my target for entry. With another 10 pips to PSAR it was a very comfortable entry with room for more retrace down. H4 Purple was a comfortable distance from Smooth with ROMAR in between. This was the final determining factor for me going long. As I figured Purple would slide over ROMAR and Smooth.

I will on occasion list the main trend indicators as both support / resistance as dictated by the market, to remind myself that the market is fluid. While also knowing full well it will move through important support and resistance levels, and eventually finding those levels with the help of the ever important confluence factor. As stated, my entry was with the H2 Purple / Smooth, and Daily 38.2 FIBO confluence.

The market never went more than 6 pips below my point of entry. For myself and the way I need to trade as a professional the entry is crucial (Please don't ask me to elaborate on that). Most of my entries are after a retrace, as I want to enter as low or high as possible. I set SL40, however I'm looking to stay within a 20 pip range of the trade going against me. With that said, a perfect entry for me is being within a range of less than single digit pips going against my entry.

I know that may be quite a lot to absorb while you're still learning. They were great questions and I wanted to show the kind of thought that goes into a plan. As you can see that is a lot of information, the trick is to keep it simple, and not over think it as the Paradox is showing you the way. That is why the (moment) is so important. Almost always, the market is going against your entry. It's going short when you want to go long. That is the moment of hesitation for most, and the moment of pulling the trigger with conviction and confidence for me! Believe me, It was much harder addressing your questions than it was to prepare my final notes for this trade!

Please Anthony, Don't have your wife grade this post as I'm sure there are numerous mistakes since I had to put the beer down and try to respond competently!

I really hope that helps you,

Best Regards,

Chad
  • #11,815
  • Nov 4, 2017 5:20pm Nov 4, 2017 5:20pm
Quoting Hendo
{quote} Hello Dom, Great questions! There was no miss sight, with regards to my plan. It is exactly as stated a (Plan). With the market above Daily EMA and, for the purposes of determining trend and entry, starting with the H2 chart, then referencing the H1, as well as H4. I one determined the current trend was up, according to the H1, H2, and H4 charts. So I was thinking only about going long. When I state Resistance / Support, it is exactly that. The Daily EMA was resistance. With the market opening above EMA, for the purpose of entry it would...
Hey Chad,

Thanks so much for writing me back and giving some insight into your thought process as a professional. I'm sorry I made you put down your beer! But I really appreciate it. It was a great trade, and one that was coming from someone with a lot of experience and talent.
I was trying to understand your mindset, and your explanation really helped. When you said "With the market opening above EMA, for the purpose of entry it would act as support... H2 ROMAR was resistance with EMA below. But, again for the purpose of entry it was acting as support." - That's what I thought you were doing, and it's great to know that it was indeed the case. It makes sense in the context of the H2 purple/smooth, and daily 38.2 confluence. Really great stuff. You're the man! Thanks again.

-Dom
  • #11,816
  • Nov 5, 2017 10:53am Nov 5, 2017 10:53am
Quoting Hendo
panusa1807, Until you're done system hopping, and asking other thread's for signals. I would highly recommend not commenting on this thread. The traders putting in the time to learn, and submitting trading plans, will get help and guidance. They do not need or deserve any negativity that would take away from reaching their goals. You need to make your own decision on whether or not you want to become 80% or greater, at trading! Chad
Just saw this, and you took the words right out of my mouth!
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #11,817
  • Nov 5, 2017 2:58pm Nov 5, 2017 2:58pm
Just to be safe and sure, do you guys know what the exact time settings should be with daylight savings now in effect?
  • #11,818
  • Nov 5, 2017 3:28pm Nov 5, 2017 3:28pm
Quoting Paradox7
Just to be safe and sure, do you guys know what the exact time settings should be with daylight savings now in effect?
It depends on your broker's feed. Having said that can anyone tell me if mine is correct at the moment?
My feed is GMT-5, I have six D1 candles a week. I have Broker_Time_Offset set to -5 and gmtServerOffset set to 0 on the H1 and 1 on the H2.

D1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 115 KB


H2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 123 KB


H1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 123 KB
  • #11,819
  • Nov 5, 2017 4:05pm Nov 5, 2017 4:05pm
Quoting Shojin
{quote} It depends on your broker's feed. Having said that can anyone tell me if mine is correct at the moment? My feed is GMT-5, I have six D1 candles a week. I have Broker_Time_Offset set to -5 and gmtServerOffset set to 0 on the H1 and 1 on the H2. D1 {image} H2 {image} H1 {image}
Trader - you better start from page one and read everything because all your charts are no-where being right.
The Dove - Forex Trainer
  • #11,820
  • Nov 5, 2017 4:07pm Nov 5, 2017 4:07pm
Quoting Paradox7
Just to be safe and sure, do you guys know what the exact time settings should be with daylight savings now in effect?
gmtServerOffsest is 5 at 17:00
The Dove - Forex Trainer
6 traders viewing now