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The Paradox System

  • #12,121
  • Nov 16, 2017 2:04pm Nov 16, 2017 2:04pm
Quoting shinny
{quote} Hello For a basic understanding of divergence in general, go to post 1578 or download this PDF: {image} Once you understand that, you should then be able to move on to understanding The Paradox Divergence. Hope that helps. Shaun
Oh perfect! The answer is much appreciated Shaun! Thank you!
  • #12,122
  • Nov 16, 2017 3:21pm Nov 16, 2017 3:21pm
Hello Traders,

I know I have brought this up on a couple of occasions regarding the trade plan. There is a template Dana has provided for all of us, the same one I use. I believe that for the most part all plans should look very similar, as all your doing is writing down what you see on your charts. depending on which session your trading, being the only difference. This will more than likely be Sydney, or London.

I also believe in the K.I.S.S. or (Keep it simple stupid) theory. Keep it short, simple, and to the point. It can be challenging reading some plans, as there seems to be to much information in some, and not enough in others. I have become quite lost in some and just stopped reading them! Sometimes less is more.
I do realize we all do things a little differently and plans are not going to be identical, and they shouldn’t be. But, they should be very similar, in the sense that we should all be saying the same thing but, perhaps a little differently. With that said I think it would be beneficial to all if we were all on the same page and following along with the same outline, with regards to the following.

Final Notes:

Adjustments:

Long: or Short:

Result: or Evaluation:

Final Notes: This should be your summary of what you see on each chart. Followed by what the market is doing in general. Then stating your direction in which you will be trading. Ending in what level of support or resistance you will be looking for.

Example: H1, down. H2, down. Daily up. H2, H4, and Daily ROMAR trends up. Daily, Horsemen, PSAR trends have the power for the up. Market is in a consolidated down trend. Based on the Daily chart, I will be going long off H2 support. Looking for a DB/ SAR hit off ROMAR.
I always state in my Final Notes: I will enter long or short position off H2 support or resistance, as a reminder to myself to stick to my plan, and execute a stated long or short. This can be adjusted, as the market is fluid. You have seen Shaun and myself make entries off the H4 and Daily charts. That is why you have the Adjustments: field.

Long: or Short:

Once you’ve completed your final notes, you should have determined trend, as well as which direction you will be trading. I always change this to Long: or Short: and leave it blank until I enter a trade. I have already determined which direction I will be trading. I’m not guessing, if the market does this I’ll go short, if the market does that I’ll go long. That’s the whole point if having a plan, knowing what you’re going to do with some thought put into it. With confidence and conviction.

Example:

Long: Entered long off H2 open candle at Smooth support. Set TP+40 SL40. (Then walk away, or back to to sleep).

Adjustments: Result: Evaluation: are self, explanatory.

I apologize for the long post. I just felt it was important to get on the same page and make it a little easier to review trades.

I hope it helps,

Best Regards,

Chad
  • #12,123
  • Nov 16, 2017 4:13pm Nov 16, 2017 4:13pm
Quoting Hendo
Hello Traders, I know I have brought this up on a couple of occasions regarding the trade plan. There is a template Dana has provided for all of us, the same one I use. I believe that for the most part all plans should look very similar, as all your doing is writing down what you see on your charts. depending on which session your trading, being the only difference. This will more than likely be Sydney, or London. I also believe in the K.I.S.S. or (Keep it simple stupid) theory. Keep it short, simple, and to the point. It can be challenging reading...
Hello Hendo, but i see Dove_Alliance have the Template and is "different" but the same as u are talking about.

I still dont recieve any comment about my daily plans. My Daily Plan is wrong?
  • #12,124
  • Nov 16, 2017 4:20pm Nov 16, 2017 4:20pm
Quoting Hendo
Hello Traders, I know I have brought this up on a couple of occasions regarding the trade plan. There is a template Dana has provided for all of us, the same one I use. I believe that for the most part all plans should look very similar, as all your doing is writing down what you see on your charts. depending on which session your trading, being the only difference. This will more than likely be Sydney, or London. I also believe in the K.I.S.S. or (Keep it simple stupid) theory. Keep it short, simple, and to the point. It can be challenging reading...
Hi Hendo. Thanks for everything. I have been following this thread more than 1 year. Moreover i need to tell that I have very bad english, you know some people can understand everything clearly but they can not talk or text very well. I am one of them. Many apologizes for this situation. Anyway next time i will be carefull when i create my daily plan. Thanks again.
  • #12,125
  • Nov 16, 2017 4:26pm Nov 16, 2017 4:26pm
Quoting HappyFaces
{quote} Hello Hendo, but i see Dove_Alliance have the Template and is "different" but the same as u are talking about. I still dont recieve any comment about my daily plans. My Daily Plan is wrong?
Hello HappyFaces,


The templates are very similar, I've just broken it down to simple terms going by the check list provided, so I can write it out. Please do what ever is most comfortable for yourself.

As for reviewing trades. Dana will review trades, I know he gets very busy with other things, and checks in quite often. If there is anything out of line with what you're posting, believe me, you will hear about it in a short amount of time.

Shaun and I will always help when we can. For now just keep doing what you're doing. If you have a trade around the same time as any I have posted, you can compare your plans and trades to mine for some direction.

Best Regards,

Chad
  • #12,126
  • Nov 16, 2017 4:39pm Nov 16, 2017 4:39pm
Just wanted to bring this to attention and I know there was a pretty good retrace of 60 pips, but this still happened nonetheless.


"Shinny - The reason why I said that I knew what was going to happen, and Dana also did a great post about prediction, is that the market had hit the 2hr Support (ROMAR), but looking at the 4hr, EMA/PURPLE crossed down at the same time, and pretty much always if that happens you are heading for 4hr ROMAR, which the market is now doing."

And poof, that's exactly what happened. Thank you Shaun for constantly providing us with priceless gems and information, hope you know it does not go unappreciated. No need to even say the same for you Dana
  • #12,127
  • Nov 16, 2017 6:13pm Nov 16, 2017 6:13pm
Date:17 November 2017 00:00 Broker TIME 3:30 EUR RED NEWS 8:30 USD RED NEWS

Daily:
ROMAR:Support
EMA:Support
PSAR:Support

Check List
Last MACD 0 Crossing:MACD Above Zero
Last EMA Alert Arrow:EMA UP
Last DB/SAR Attachment:TP DB/SAR
Fibo Up or Down:Fibo is Green Up market staying between Fibo 61.8 and 50.0

Notes:
Daily Chart in Full Uptrend but 61.8 Fibo Holding last candle.

*********
4 Hour Chart
ROMAR:Support
EMA:Resistance
PSAR:Resistance

Check List
Last DB/SAR AttachmentB/SAR at Bottom in Fibo 50.0 and Romar
Fibo Up or Down:Fibo is Red Down

Notes:
H4 Chart is in Consolidation with 4 horsemen Down, Purple at/crossing White for the up.

****************
2 Hour Chart
ROMAR:Support
EMA:Resistance
PSAR:Resistance

Check List
Last MACD 0 Crossing:MACD Bellow
Last EMA Alert Arrow:EMA UP
Last DB/SAR AttachmentB/SAR at the Bottom
Fibo Up or Down:Fibo Red Down

Notes:
H2 Chart is in Consolidation with 4horsemen going down and purple at White. The space between EMA Resistance and Romar Support is only 20 pips.

************************
1 Hour Chart
ROMAR:Resistance
EMA:Support
PSAR:Support

Check List:
Last MACD 0 CrossingMACD Above
Last EMA Alert Arrow:EMA UP

Notes:
H1 Chart is in Consolidation with 4 horsemen for the up and Romar Resistance.

**************************

Final Notes for all 4 Charts:
We are in Consolidation, buying from Bottom and Selling from the Top. The problem is the Market open in the "middle" with only 20 pips of space to the first Support if we want to go Short. And we are at Parabolic/EMA Resistance.
Better to wait and see something more clear and with more space.

Entry:WAITING MODE….
Consolidation:
Long:
Short:
  • #12,128
  • Nov 16, 2017 6:54pm Nov 16, 2017 6:54pm
Quoting HappyFaces
Date:16 November 2017 00:00 Broker TIME 9:30amUSD RED NEWS Daily ROMAR:Support EMA:Support PSAR:Support Check List Last MACD 0 Crossing:MACD Above Zero Last EMA Alert Arrow:EMA UP Last DB/SAR Attachment:TP DB/SAR Fibo Up or Down:Fibo is Green Up price at 50 Notes: Daily Chart in Full Uptrend, the price retrace and now is in touch with purple. 4 Hour Chart ROMAR:Support EMA:Support PSAR:Flip to Resistance in current candle. (Not close yet) Check List Last DB/SAR AttachmentB at Top and SAR in last candle in bottom. Fibo Up or Down:Fibo is Red...
OK HappyFace: As you noticed you have ROMAR as resistance on your entry for the H2. And on your final notes you have the H2 ROMAR as support. The same on the H1.

With your entry you have "Consolidation:Short at opening new daily candle" with your entry chart showing a long entry. I am giving you the benefit of the doubt that you meant to go long. Next time I won't. Be sure everything is correct on your plan before pulling the trigger. There is confusion with your trading plan as Chad had mention. If you had ment to long then it was an excellent trade.

2 Hour Chart
ROMAR:Resistance

Notes:
H2 Chart is in Consolidation Uptrend Romar and Downtrend 4 Horsmen.


1 Hour Chart
ROMAR:Resistance

Notes:
We are in Consolidation Uptrend Romar and Downtrend with 4 horsemen.

Final Notes for all 4 Charts:

We are in Consolidation with H2 going down but stop in Romar and 50 Fibo. Daily is in Uptrend and open at 50 Fibo for the Up.
Yesterday the Price was unbalance and retrace to Purple for balance the market.
We are in Consolidation, Consolidation rules buying from Bottom and Selling from Top.


Entry:
Consolidation:Short at opening new daily candle.
Long:
Short:
The Dove - Forex Trainer
  • #12,129
  • Nov 16, 2017 7:25pm Nov 16, 2017 7:25pm
Quoting pipon
Entered LONG at 2H purple , with less then 40 pips to ROMAR. {image}
Well Pipon - I guess you rather not do a self-evaluation on your trade with less then 40 to ROMAR?
The Dove - Forex Trainer
  • #12,130
  • Nov 16, 2017 8:00pm Nov 16, 2017 8:00pm
Quoting shinny
{quote} Hello For a basic understanding of divergence in general, go to post 1578 or download this PDF: {image} Once you understand that, you should then be able to move on to understanding The Paradox Divergence. Hope that helps. Shaun
Thank you Shaun for your posting - much appreciated.

And maybe this posting will help even more:

Divergence is definitely the most complicated signal for any rookie trader; and this is why I do not teach it. Divergence occurs when the market is heading in opposite directions either in negative uptrend or positive downtrend. In order for divergence to exist, the market must have formed one of the following:

Higher high than the previous high
Lower low than the previous low
Double top
Double bottom

Divergence is difficult to trade because it can last a very long time. A weakening buying/selling strength doesn't mean there's no buying/selling therefore the market may continue its course until its destination is hit. So basically a divergence is not the reason to trade a reversal, you need other conditions to bet a reversal and that is the reason for the hidden divergence.

In the beginning when I had talked about divergence I had also recommended for those in wanting to learn divergence to use Williams' Percent Range Oscillator. This oscillator works very well with the Paradox. I can write a whole chapter on divergence; but teaching divergence takes time and lots of patience with experience traders that has been working with highs and lows. So the divergence with the Paradox is basically for experience traders.
The Dove - Forex Trainer
  • #12,131
  • Edited 10:32pm Nov 16, 2017 9:38pm | Edited 10:32pm
GOOD MORNING SIR

EUR/JPY 17/11/2017

NEWS - 2 PM EUR major news Draghi speech 7 pm usd news

DAILY

ROMAR -support
EMA - support
PSAR -support

check list

macd - up
ema arrow - green up
db/sar - db atteched at top candle with magenta divergence
fibo - green
b/b - consolidation upper band below 100 green fibo

NOTE -daily uptrend market but band make consolidation which upper band below 100 green fibo 4 horsemen upswing

4 HR

ROMAR - support
EMA - resistance
PSAR - resistance

check list
macd -down
ema arrow - red down
db /sar - last db/sar attechement at top with both divergence db atteched at bottom just above romar
fibo - red fibo down

NOTE - 4HR consolidation market 4 horsemen down swing romar support db at bottom just aboveromar with 50 red fibo white slide just over purple psar ema both resistance

2 HR

ROMAR - support
EMA - resistance
PSAR - resistance

check list

macd - down
ema arrow - green arrow up
db/sar - db/sar both atteched at bottom below romar with both divergence below 61.8 red fibo and above 100 red fibo
fibo - red fibo
b/b -band consolidation between fibo

NOTE - 2 hr consolidation market romr support db sar atteched at bottom below romar with both divergence psar with ema resistance market open just above psar but white slide over purple

1HR

ROMAR -resistance
EAM -support
PSAR -support

check list

macd -up
ema arrow - up green
fibo - green
b/b - consolidated upper band bend 100 fibo

NOTE -1HR consolidation market

FINAL NOTE -consolidation market 1 romar resistance with 2 hr 4 hr 4 horsemen resistance daily uptrend daily db atteched at top above 61.8 green fibo 4 hr ema resistance 2 hr psar resistance if go to short here then support 4 hr 2 hr romar support may be risk market retrun so i will wait market for support than i will go buy when fibo green with divergence 2hr romar resistance daily ema support or if market trun here white purple crossed open candle above ema than buy so i wait for entry

adjustment --
  • #12,132
  • Nov 16, 2017 9:50pm Nov 16, 2017 9:50pm
Quoting Bsverma
{quote} self evaluation = 40 + profit hit may this trade is right because daily uptrend purple support 4 hr romar ema support with sar 2 hr romar support with lower band support with db just above romar support
Hello Bsverma - This was an excellent trade right off support with some very good insight. Keep up the good work.
The Dove - Forex Trainer
  • #12,133
  • Nov 16, 2017 11:26pm Nov 16, 2017 11:26pm
Quoting dove_alliance
{quote} OK HappyFace: As you noticed you have ROMAR as resistance on your entry for the H2. And on your final notes you have the H2 ROMAR as support. The same on the H1. With your entry you have "Consolidation:Short at opening new daily candle" with your entry chart showing a long entry. I am giving you the benefit of the doubt that you meant to go long. Next time I won't. Be sure everything is correct on your plan before pulling the trigger. There is confusion with your trading plan as Chad had mention. If you had ment to long then it was an excellent...
Hello dove_alliance, yes sorry i dont know why i write that. But yes my trade was 100% confirmed that buy.

I know the basic stuff.. that EMA is the horsemen that can change ROMAR support/resistance. And Purple is the horsemen that can change EMA support/resistance. Trading in Consolidation Buy from support and sell from resistance.


Thank you it was a great trade.

My last trade, before of that buy:

https://www.forexfactory.com/showthr...7#post10494267

I dont know why my evaluation post didnt create.

Evaluation of https://www.forexfactory.com/showthr...7#post10494267 SL -40. In here the only factor that i see, is the unbalance with Purple. With that the safe thing to do is, just wait for the Market Balance and from there start watching what Paradox is telling me or a Short from there was a good trade? I didnt think in short because all was in full uptrend.

Thank you dove_alliance.

Edit: Good, now i can post without waiting for the moderator to allow my post. This link is the screenshot of that entry that end with -40 https://www.forexfactory.com/attachm...9&d=1510726461
  • #12,134
  • Nov 17, 2017 1:23am Nov 17, 2017 1:23am
Hallo traders. I have a question that I can't find an answer for in the posts that I've read so far. I haven't read everything yet so please point me in the direction of the answer is it is somewhere in the tread.
With the crossing of the White and the Purple, that should cancel PSAR as a support/resistance.
Does this mean only the PSAR diamond that is directly above/ below the crossing or any future PSAR until the next opposite cross happens?
My white is white and ROMAR is blue BTW.
Attached Image (click to enlarge)
Click to Enlarge Name: PSAR.png Size: 28 KB
"Is that a real ROLEX? Yes! Same, same but different!"
  • #12,135
  • Nov 17, 2017 1:47am Nov 17, 2017 1:47am
Quoting firesword
Hallo traders. I have a question that I can't find an answer for in the posts that I've read so far. I haven't read everything yet so please point me in the direction of the answer is it is somewhere in the tread. With the crossing of the White and the Purple, that should cancel PSAR as a support/resistance. Does this mean only the PSAR diamond that is directly above/ below the crossing or any future PSAR until the next opposite cross happens? My white is white and ROMAR is blue BTW. {image}
Hello

I wasn't going to answer this question as its related to EURUSD which I just had to pull up some charts for. This specific situation, I suggest reading about the DB/SAR, because this is a situation where you would look at the 4hr, and what is that telling you?

But in answer to your specific question, in Consolidation as soon as Purple/White cross PSAR is eliminated as S/R. In your current situation with EURUSD, which by the way you shouldn't even be looking at, that market is in consolidation. But one word for you - Confluence. There are a few factors at play in that situation that you don't understand yet.

The problem here is that your getting ahead of yourself and I have to say also that it seems your trying to take shortcuts. This isn't a system you can learn after a few posts, it will take months to learn at least. I understand that your probably eager to learn etc but at least in the beginning I would highly recommend following the thread advice 100% - ie plan format, pair to trade etc.

Hope that helps mate.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #12,136
  • Nov 17, 2017 2:05am Nov 17, 2017 2:05am
Quoting shinny
{quote} Hello I wasn't going to answer this question as its related to EURUSD which I just had to pull up some charts for. This specific situation, I suggest reading about the DB/SAR, because this is a situation where you would look at the 4hr, and what is that telling you? But in answer to your specific question, in Consolidation as soon as Purple/White cross PSAR is eliminated as S/R. In your current situation with EURUSD, which by the way you shouldn't even be looking at, that market is in consolidation. But one word for you - Confluence. There...
Hi shinny. Thanks for a quick reply.
I think I confused you with EURUSD chart. It is irrelevant as I don't trade EURUSD.
I was just flipping trough different pairs to see where I could find PSAR and Purple/white cross as an example.
What I wanted to know is, in the situation where Purpe/White cross, and when PSAR gets canceled as support/resistance in a trend situation,
is it just the very 1st new PSAR diamond that appears above the cross that gets canceled or every other PSAR that appears afterwards, until a new
Puprle/White cross in the opposite direction?
I don't know if I'm clear enough, but I hope you get the meaning of my question.
"Is that a real ROLEX? Yes! Same, same but different!"
  • #12,137
  • Nov 17, 2017 2:07am Nov 17, 2017 2:07am
Quoting firesword
{quote} Hi shinny. Thanks for a quick reply. I think I confused you with EURUSD chart. It is irrelevant as I don't trade EURUSD. I was just flipping trough different pairs to see where I could find PSAR and Purple/white cross as an example. What I wanted to know is, in the situation where Purpe/White cross, and when PSAR gets canceled as support/resistance in a trend situation, is it just the very 1st new PSAR diamond that appears above the cross that gets canceled or every other PSAR that appears afterwards, until a new Puprle/White cross in the...
That one and all subsequent ones until they flip.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #12,138
  • Nov 17, 2017 2:14am Nov 17, 2017 2:14am
Quoting shinny
{quote} That one and all subsequent ones until they flip.
"Is that a real ROLEX? Yes! Same, same but different!"
  • #12,139
  • Nov 17, 2017 2:31am Nov 17, 2017 2:31am
[quote=Hendo;10502585]Hello Traders, I know I have brought this up on a couple of occasions regarding the trade plan. There is a template Dana has provided for all of us, the same one I use. I believe that for the most part all plans should look very similar, as all your doing is writing down what you see on your charts. depending

I'm with you here Chad, some of the plans are way too long with lots of irrelevant things in them. If you want it reviewing, try and keep it concise but put everything you need into it. Dana is very busy with his Ministry and other things, so try and make it as easy as possible for someone to review your plan.

I'm going to chip in a bit and review some plans/evaluations to ease the burden from Dana, so keep them concise, tidy and relevant. If you get your plan correct your trades will be correct too. Your plan should also stop you doing anything daft because you are forced to write everything down.

What I do is a take screen shots each day of the charts, and I have a 1 page plan, then I have 1 page of notes if needed. Each day has its own subfolder in a month folder of a year folder.

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #12,140
  • Nov 17, 2017 3:08am Nov 17, 2017 3:08am
Got my first 20 pips ( Could have taken 40 ), but still learning and fighting with emotions.
Thanks Dove!
Hasan
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