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The Paradox System

  • #12,141
  • Nov 17, 2017 3:18am Nov 17, 2017 3:18am
Quoting shinny
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 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
...
Hi Shaun, again all of your guidance is appreciated. Being UK based like myself, do you write a plan at the same time every day? I'm trying to settle into a routine for my plan on the new data/daily open, however I'm finding when I hit my station 6hrs later after some sleep, I generally need to rewrite for Frankfurt/London open.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #12,142
  • Nov 17, 2017 3:42am Nov 17, 2017 3:42am
Quoting Andiroo
{quote}{quote} Hi Shaun, again all of your guidance is appreciated. Being UK based like myself, do you write a plan at the same time every day? I'm trying to settle into a routine for my plan on the new data/daily open, however I'm finding when I hit my station 6hrs later after some sleep, I generally need to rewrite for Frankfurt/London open. Cheers, Andy
Andy

I am usually in bed by the Daily Open, unless I 100% know there will be a trade then. I get up early so my plan is written early morning, but I will usually start it the night before with things that aren't going to change.

But make it work for whatever suits you is my advice!

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #12,143
  • Edited 6:23am Nov 17, 2017 4:21am | Edited 6:23am
Quoting dove_alliance
{quote} Well Pipon - I guess you rather not do a self-evaluation on your trade with less then 40 to ROMAR?
Hi Dana, I was waiting for the trade to close ( it got 1 pip from SL and went back up)
Im self- evaluating now
  • #12,144
  • Nov 17, 2017 4:32am Nov 17, 2017 4:32am
Quoting pipon
Entered LONG at 2H purple , with less then 40 pips to ROMAR...
Evaluation :
The traded ended with a 40 pips loss
I think I was bias while writing the plan as I saw the trade I missed in the night and wanted to join without seining that the setup had changed
instead of jumping in with purple I should have waited for the PSAR flip (which never happened) and it would save me from a bad trade
  • #12,145
  • Nov 17, 2017 4:36am Nov 17, 2017 4:36am
Quoting shinny
{quote} Andy I am usually in bed by the Daily Open, unless I 100% know there will be a trade then. I get up early so my plan is written early morning, but I will usually start it the night before with things that aren't going to change. But make it work for whatever suits you is my advice! Shaun
Hey Shaun,

When you create all those folders and organize them, how do you know which ones to go to that compare to the current market? Do you label them a certain way? Because when I was doing this I had to randomly click folders to see which ones were relevant.

If you have any tips regarding organization and categorizing that would be super helpful, thank you
  • #12,146
  • Nov 17, 2017 5:59am Nov 17, 2017 5:59am
Quoting Paradox7
{quote} Hey Shaun, When you create all those folders and organize them, how do you know which ones to go to that compare to the current market? Do you label them a certain way? Because when I was doing this I had to randomly click folders to see which ones were relevant. If you have any tips regarding organization and categorizing that would be super helpful, thank you
Hi man, as Retrogue told earlier, you can make top level catalogues with different scenarios, than after finishing the trade, put it in that folder for future study of the SCENARIO. All scenarios are similar and are constantly repeating, you just need to learn to distinguish them and which rules to apply for correct scenario. In my opinion the exact date does not have a lot of value.

peace
  • #12,147
  • Nov 17, 2017 6:15am Nov 17, 2017 6:15am
Quoting Bsverma
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...
my entry should be 2 hr before but due to busy so i wait next candle and also 2 hr fibo flip and open candle above purple 4 hr open candle above romar with both blue sky and gold divergence and daily ema support so i take here entry buy
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2 17 11.png Size: 50 KB
  • #12,148
  • Nov 17, 2017 6:25am Nov 17, 2017 6:25am
Quoting dove_alliance
{quote} 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...
Thank you Shaun and Dana for your continued gracious sharing of your expertize and seemingly infinite patience with us non-experienced traders. I hear you Dana, that "divergence with the Paradox is basically for experience traders." But of course we non-experienced traders have divergence on our templates and we've been given instruction on it's use for almost two years (and correct me if I'm wrong but I don't believe you're giving us permission to add William's Percent Range Oscillator to our H2). So I confess confusion. Shaun I understand the basics, having seen post 1578 before, and others similar to it. Dana, I've accepted that "divergence is difficult to trade because it can last a very long time." So my question to you Shaun is this: As we do not have stochastic oscillators on our templates how do we apply, utilize or recognize the patterns seen on post 1578? And Dana, my question to you is this: For non-experienced traders do the Paradox divergence lines really just comes down to noticing them at moments of high confluence as additional and/or secondary confluence (for example yesterday's hit on H2 ROMAR and the lower BB) with additional weight given to the Gold and Green hidden divergence when they attach? (it seems rightly or wrongly this is how I'm presently utilizing them). Please forgive me if I come off sounding in anyway difficult--that is not at all my intention. As a non-experienced trader I apparently require very straightforward and applicable explanations to understand what is significant for me to know at the level I'm at. In this way it is my hope to progress. Appreciatively.
  • #12,149
  • Nov 17, 2017 8:07am Nov 17, 2017 8:07am
Quoting HappyFaces
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...

I didnt see any good entry, already is friday and only left 4 candles before market closes. So i think thats all for this week. Going to study more for the next week. Thank you.
  • #12,150
  • Nov 17, 2017 8:16am Nov 17, 2017 8:16am
Daily

ROMAR - Support
EMA - Support
Parabolic - Support

Four horsemen in uptrend. Last DB/SAR up with normal Divergence. EMA arrow up. MACD arrow up. Fibo up.

2hr

ROMAR crossed Purple heading for EMA, holding both S/R
EMA - Resistance
Parabolic - Resistance

Four horsemen in downtrend. Last DB/SAR down with normal and hidden Divergence. Green price tag. EMA arrow down. MACD arrow down. Fibo flipped for up.

1hr

ROMAR - Resistance
EMA - Resistance
Parabolic - Resistance

Four horsemen in downtrend.

Big picture: Consildation. 2hr at bottom of Fibo, hit on 2hr ROMAR support, confluence with Daily EMA support.

Entry: Long.

Rules: In consolidation you can trade both ways, using the Daily for S/R reference. Not from center, but from bottom to top.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 79 KB
  • #12,151
  • Nov 17, 2017 8:26am Nov 17, 2017 8:26am
Quoting Therapsid
{quote} Thank you Shaun and Dana for your continued gracious sharing of your expertize and seemingly infinite patience with us non-experienced traders. I hear you Dana, that "divergence with the Paradox is basically for experience traders." But of course we non-experienced traders have divergence on our templates and we've been given instruction on it's use for almost two years (and correct me if I'm wrong but I don't believe you're giving us permission to add William's Percent Range Oscillator to our H2). So I confess confusion. Shaun I understand...
Let me ask you a question:
For the year and a half you been on this thread I do not believe, I had seen one trading plan posted by you. And why is that?
The Dove - Forex Trainer
  • #12,152
  • Nov 17, 2017 8:40am Nov 17, 2017 8:40am
NEWS: 03:30 High Impact EUR / 08:30 High Impact USD
Thursday Plan 19:00


Daily:

ROMAR - Support
EMA - Support
Parabolic - Support

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - Top at 133.864
Last SAR Attachment - Top at 133.864
Fibonacci - Green

Notes: New Daily open above Purple, 4 horsemen up. EMA and Parabolic support. DB attached on top.

H4:

ROMAR - Support
EMA - Resistance
Parabolic - Resistance

Checklist:

Last DB Attachment - Bottom at 132.747
Last SAR Attachment - Bottom with DB at 132.747
Fibonacci - Red

Notes: H4 down with EMA and Parabolic, ROMAR support. Bands coming in closer together. White and Purple sliding and not crossing, open candle above EMA. Market heading for H4 ROMAR support.

H2:

ROMAR - Support
EMA - Resistance
Parabolic - Resistance

Checklist:

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment - Bottom at 132.747
Last SAR Attachment - Bottom with DB at 132.747
Fibonacci - Red

Notes: H2 down in consolidated downtrend for ROMAR support. DB/SAR on bottom below ROMAR. Open candle at Parabolic resistance and White at Purple, sliding.

H1:

ROMAR - Resistance
EMA - Support
Parabolic - Support

Checklist:

Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Up
Fibonacci - Green

Notes: H1 down with ROMAR resistance, up in a shallow swing with EMA and Parabolic.

Final Notes: Daily up, H4 down, H2 trend is down, consolidated for ROMAR support. H1 ROMAR is already resistance, placing the H2 next. When the daily candle opened I took a short at the Parabolic because I saw it in the moment.


Rules: SAR on bottom at EMA or Parabolic to get you back into the trend. 40+ pips to top of the fibo.

Actual Entry: Short on the new open daily candle at 133.114

Evaluation: Like Chad suggested, I kept it simple on this plan, quite a change from my previous plans that were several pages long. I had to take this short keeping in mind the daily Smooth and EMA, and H4 ROMAR. When the 19:00 open candle was at the Parabolic with White and Purple not crossed but in a slider, H1 ROMAR already resistance placing the H2 next up. H1 got above ROMAR resistance, so it must return back below. TP hit.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (63).png Size: 67 KB
  • #12,153
  • Nov 17, 2017 8:51am Nov 17, 2017 8:51am
Quoting KarmaPolice
Daily ROMAR - Support EMA - Support Parabolic - Support Four horsemen in uptrend. Last DB/SAR up with normal Divergence. EMA arrow up. MACD arrow up. Fibo up. 2hr ROMAR crossed Purple heading for EMA, holding both S/R EMA - Resistance Parabolic - Resistance Four horsemen in downtrend. Last DB/SAR down with normal and hidden Divergence. Green price tag. EMA arrow down. MACD arrow down. Fibo flipped for up. 1hr ROMAR - Resistance EMA - Resistance Parabolic - Resistance Four horsemen in downtrend. Big picture: Consildation. 2hr at bottom of Fibo, hit...
Trader - You are showing joining this forum 3 hours ago. Subscribed to this thread 2 hours and 54 minutes ago and you posted a trading plan. You need to to read through this thread at a minimum of one time before creating a trading plan and posting an entry so you know the rules of trading. So you may know - your entry is totally wrong.
The Dove - Forex Trainer
  • #12,154
  • Nov 17, 2017 9:02am Nov 17, 2017 9:02am
Quoting dove_alliance
{quote} Let me ask you a question: For the year and a half you been on this thread I do not believe, I had seen one trading plan posted by you. And why is that?
In all honesty Dana I don't have an answer (except to say I've had a great deal to learn and I have contributed all the time as I've been learning and following along). You will see one Sunday.
Mark
  • #12,155
  • Nov 17, 2017 9:51am Nov 17, 2017 9:51am
Quoting Bsverma
{quote} my entry should be 2 hr before but due to busy so i wait next candle and also 2 hr fibo flip and open candle above purple 4 hr open candle above romar with both blue sky and gold divergence and daily ema support so i take here entry buy {image}
self evaluation = - 40 hit to stope loss may be i broke rule because i am away from my computer and also this is bad trade may my prediction wrong
  • #12,156
  • Nov 17, 2017 10:15am Nov 17, 2017 10:15am
Quoting Bsverma
{quote} self evaluation = - 40 hit to stope loss may be i broke rule because i am away from my computer and also this is bad trade may my prediction wrong
Your trade from yesterday was excellent because it was off ROMAR support. Your trade today was with ROMAR having crossed Purple at EMA for a reversal of the ROMAR trend; with the market below ROMAR. In this scenario it wasn't going anywhere but down. Do you now see the big picture?
The Dove - Forex Trainer
  • #12,157
  • Nov 17, 2017 10:26am Nov 17, 2017 10:26am
In the hope it may assist fellow traders, I've been studying hard, particularly on divergence recently and took that risky green div trade last Friday. Yes it was risky, however it gave me confidence in seeing happen for real what I have seen in this thread, and been taught so far from our learned friend Dana. If I work a 13hr day, then spend quality time with my wonderful family, then still find time to study the Paradox for another 2hrs per day, then so can you - it's called sacrifice.

For those asking if there any posts about gold/green divergence - yes there are at least 2 epic ones that I have studied and relied on to have the confidence to do the above (risky) trade. Go through the thread again and you will find them like I have.

Hope you don't mind me posting this Dana, if it is incorrect I will delete immediately........The attached chart of today (I didn't trade due to work commitments and it being Friday) shows my understanding of the gold divergence that we have had since new data yesterday;

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2 171117 three divergence trades.png Size: 79 KB


If you track the ticks left to right, and the down arrows left to right, and check the H2 progress throughout the day you will see gold divergence attached down on each tick, retraced up to each arrow at resistance, then down again to connect with lower DB/SAR each time at the tick.

Dana has posted the exact same analogy in at least two posts previously.

Niki's trade was the first arrow for +40, and there have been a further two for +40.

HTH

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #12,158
  • Nov 17, 2017 10:48am Nov 17, 2017 10:48am
Quoting Andiroo
In the hope it may assist fellow traders, I've been studying hard, particularly on divergence recently and took that risky green div trade last Friday. Yes it was risky, however it gave me confidence in seeing happen for real what I have seen in this thread, and been taught so far from our learned friend Dana. If I work a 13hr day, then spend quality time with my wonderful family, then still find time to study the Paradox for another 2hrs per day, then so can you - it's called sacrifice. For those asking if there any posts about gold/green divergence...
Very good Andy - the only problem is the pip count on counter-trades within this scenario. Which mean you don't always get 40 with the tick. That is why the rules are always applied with trades off support and resistance.
The Dove - Forex Trainer
  • #12,159
  • Edited 8:32pm Nov 17, 2017 11:02am | Edited 8:32pm
Quoting dove_alliance
{quote} Your trade from yesterday was excellent because it was off ROMAR support. Your trade today was with ROMAR having crossed Purple at EMA for a reversal of the ROMAR trend; with the market below ROMAR. In this scenario it wasn't going anywhere but down. Do you now see the big picture?

thanks sir g
sir i want ask can we trade at today scenario psar resistance db /sar atteched at bottom below romar that time if i go to short there my risk or not please give me suggestion
  • #12,160
  • Nov 17, 2017 11:04am Nov 17, 2017 11:04am
Quoting dove_alliance
{quote} Very good Andy - the only problem is the pip count on counter-trades within this scenario. Which mean you don't always get 40 with the tick. That is why the rules are always applied with trades off support and resistance.
Thanks Dana, glad my understanding is correct....it is a beautiful thing to watch live!

Yes it does appear that the only trades here would be shorts, some counter-trend longs make +40.....most don't. I'd like to think my patience would make me await the arrow short entries here, and long entries for green divergence!

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
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