The Paradox System | Page 623 | 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

  • #12,441
  • Dec 4, 2017 9:35am Dec 4, 2017 9:35am
Quoting Sorel
Date: 08:00 CET / 04.12.2017 No red news. Daily: ROMAR – Support EMA – Support PSAR – Support Check List: Last MACD 0 crossing - UP Last EMA Alert Arrow - UP Last DB Attachment – DB/SAR attached on top Fibo up or down - UP Notes: 4 horsemen are up below 100 green FIBO. DB/SAR attached on top with standard divergence. 4 HR: ROMAR – Support EMA – Support PSAR – Support - eliminated Check List: Last DB Attachment – DB attached on top / SAR attached at the bottom. Fibo up or down - DOWN Notes: 4 horsemen in a slider with EMA holding support. Current...
Self-Evaluation : SL - 40 pips. I must admit that I thought this trade was a no brainer when i pulled the trigger long, boy was i wrong. I have used Andiroo's trading plan to help me understand where I went wrong.
I have overlooked 23.6 FIBO resistance on H2 and ROMAR being out of the trading zone with flat BB. I thought we were back in the uptrend with H2 PSAR flipping but we were not so I applied the wrong set of rules for this scenario.
  • #12,442
  • Dec 4, 2017 9:56am Dec 4, 2017 9:56am
Quoting pedro7676
Hi guys, i am back, my trading plan for 4.12.17, wish everyone lot of success in trading. Date: 4.12.17 8.00 CET Daily: ROMAR – 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 - Fibo is down Notes: Uptrend. 4 HR: ROMAR – Support EMA – Support PSAR - Support Notes : fib.23.6 support, DB attached on top, SAR attached on bottom, next reattach DB on top. 2 HR: ROMAR – Support EMA – Support PSAR - Support Check List: Last MACD 0 crossing - Down...
Evaluation : SL was hit. In the morning it looked to me it was a sure trade and good entry. But in the afternoon, i knew that i am going to lose this trade, as it happened. I hate this kind of trades, no volatility during London session and when american opened, everything has changed. i need to look at this trade one more time and find out what happened.
Hard work beats talent when talent fails to work hard. - KD
  • #12,443
  • Dec 4, 2017 10:09am Dec 4, 2017 10:09am
The Traders going long had missed a couple things. The H2 Fibo down on the H2 with the 23.6 as resistance and then; the All Day release with the Eurogroup Meetings. Once the DB/SAR attached for the down pretty much put the story together.
The Dove - Forex Trainer
  • #12,444
  • Dec 4, 2017 1:16pm Dec 4, 2017 1:16pm
Quoting pipon
PLAN 4/12/2017 10.25 GMT - LONDON NEWS: Non Daily Romar: Support EMA: Support PSAR: Support, DBSAR:down at 134.367 fibo: green MACD: Up EMA Arrow:
No trade today.
Like Andi called it... we are in Ranging mode.
Very good call Andi, I learned a lot from your plan.
  • #12,445
  • Dec 4, 2017 2:36pm Dec 4, 2017 2:36pm
Quoting Andiroo
Session London: EUR-JPY 04/12/2017 Daily: opened above Purple ROMAR: Support EMA: Support Parabolic: Support Notes: Horsemen full uptrend. DB on top with green Divergence just below 0.0 FIBO. Trend EMA arrow UP. MACD up. FIBO up. H4 ROMAR: Support EMA: Support/Resistance Parabolic: Support/Resistance Notes: Horsemen Down, Parabolic has not flipped. EMA has crossed the Parabolic down. DB UP with divergence/ SAR now attached at top but below DB. H2 ROMAR: Support (Out of Trading Zone) EMA: Support Parabolic: Support Notes: Horsemen UP, Parabolics...
Result: +40

Evaluation: A few fellow traders today have said the entry from the middle is a bad idea - I totally agree, however it's a question of perspective as to where the middle is......imho my entry was at the top ie. top of a lower high for a swing down.

The first breakout candle south hit 41.7 pips, however I needed 42.2 with my spread, so had to wait a little longer.

Again I have revisited a previous failure here, my post 10,786. whereby I called a long when it should have been short in similar circumstances. Got it right today as my plan was saying the H2 23.6, fibo, ROMAR out of trading zone, H4 EMA crossing Parabolic for the down etc were all pointing to me for the short.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #12,446
  • Dec 4, 2017 4:13pm Dec 4, 2017 4:13pm
Not a fan of trading from my laptop as the fibos are wrong and I dislike how everything is zoomed out, but here is my trade from earlier today. Anyway I was at college so I made do for today. You had the open below EMA with Smooth crossing Purple, DB on top meaning the next attachments were on the bottom. It opened a bit below the 4 horsemen so I used the H1 chart to take it off the first resistance, which was Purple. I had 40+ to H2 ROMAR, Daily 61.8 and Smooth, so with the future crossing of EMA the market would be heading down. And like I said, with enough pips to H2 ROMAR I was safe with this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (5).png Size: 211 KB
  • #12,447
  • Dec 4, 2017 4:35pm Dec 4, 2017 4:35pm
Sydney session
There is no important economic news.

Daily
ROMAR - Support
EMA – Support
Parabolic - Support

Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow - up
Last DB Attachment - up at 134.367
Fibonacci – green

H4:
ROMAR – support
EMA - support
Parabolic – resistance

Checklist:
Last SAR Attachment - top at 134.037
Fibonacci – red

H2:
ROMAR – support
EMA - resistance
Parabolic – resistance

Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment – down at 133.256
Fibonacci – red

H1:
ROMAR - resistance
EMA - resistance
Parabolic – resistance

Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Fibonacci – green

NOTES: On D1 chart 4horsemen with ema are support Price hit fibo 61.8. On H4 chart parabolic flipped but romar and ema are still support. On H2 chart fibo hit 61.8 level. As Dove said that we should see the big picture. We are in consolidation so we trade from bottom to top.

ENTRY: I am long when sydney session open.
40/40
Attached Image (click to enlarge)
Click to Enlarge Name: 111.png Size: 55 KB
  • #12,448
  • Dec 4, 2017 5:47pm Dec 4, 2017 5:47pm
Quoting Andiroo
Session London: EUR-JPY 04/12/2017 Daily: opened above Purple ROMAR: Support EMA: Support Parabolic: Support Notes: Horsemen full uptrend. DB on top with green Divergence just below 0.0 FIBO. Trend EMA arrow UP. MACD up. FIBO up. H4 ROMAR: Support EMA: Support/Resistance Parabolic: Support/Resistance Notes: Horsemen Down, Parabolic has not flipped. EMA has crossed the Parabolic down. DB UP with divergence/ SAR now attached at top but below DB. H2 ROMAR: Support (Out of Trading Zone) EMA: Support Parabolic: Support Notes: Horsemen UP, Parabolics...
Thanks andy for the plans. I took the same trade without knowing the reasons. Lol.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 219 KB
  • #12,449
  • Dec 4, 2017 6:03pm Dec 4, 2017 6:03pm
Quoting Andiroo
{quote} Result: +40 Evaluation: A few fellow traders today have said the entry from the middle is a bad idea - I totally agree, however it's a question of perspective as to where the middle is......imho my entry was at the top ie. top of a lower high for a swing down. The first breakout candle south hit 41.7 pips, however I needed 42.2 with my spread, so had to wait a little longer. Again I have revisited a previous failure here, my post 10,786. whereby I called a long when it should have been short in similar circumstances. Got it right today as...
OK Andy - this day forward you are on the graduation list - so from here on your trading plans, entry, and self-evaluation is after the fact.
The Dove - Forex Trainer
  • #12,450
  • Dec 4, 2017 6:13pm Dec 4, 2017 6:13pm
Quoting dove_alliance
{quote} OK Andy - this day forward you are on the graduation list - so from here on your trading plans, entry, and self-evaluation is after the fact.
Can't thank you enough Dana, really appreciate the life changing gift you have shared, although I still have a lot to learn from mistakes I haven't made yet - I will try not to let you down sir.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #12,451
  • Dec 4, 2017 6:19pm Dec 4, 2017 6:19pm
Quoting Andiroo
{quote} Can't thank you enough Dana, really appreciate the life changing gift you have shared, although I still have a lot to learn from mistakes I haven't made yet - I will try not to let you down sir. Cheers, Andy
I just wish there were more traders like you. You put your heart into the learning process and your progression was pronominal. And I had nothing to do with it. It was God's choice.
The Dove - Forex Trainer
  • #12,452
  • Dec 4, 2017 6:34pm Dec 4, 2017 6:34pm
Quoting dove_alliance
{quote} I just wish there were more traders like you. You put your heart into the learning process and your progression was pronominal. And I had nothing to do with it. It was God's choice.
Thank you Dana
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #12,453
  • Dec 4, 2017 9:40pm Dec 4, 2017 9:40pm
Congratulations Andy, you deserve the praise! I know you've worked very hard to get to this point. Well done, keep it up, and remember to give back and help other traders when you're able!

Great job!

Best Regards,

Chad
  • #12,454
  • Dec 4, 2017 11:43pm Dec 4, 2017 11:43pm
TRADING PLAN
Date: 5 /12/2017

News: 15.00 gmt usd red news

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing : Up
Last EMA Alert Arrow : Up
Last DB Attachment: DB/SAR at top 134.373
Fibo up or down:Fibo is Green/Up
Balance: Balance with purple

Notes: D1 is uptrend with DB/SAR attached on top with divergence, open below white

4 HR:
ROMAR - Support
EMA - Support
PSAR - Resistance

Last DB/SAR Attachment: DB attached at Top 134.373, SAR attached on top 134.042
Fibo up or down: Fibo is Red/Down

Notes: Consolidation, and purple white smooth EMA flat line

2 HR:

ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Up
Last DB Attachment: DB/sar attached at bottom 133.262
Fibo up or down: down
BB : Flat line, Consolidation BB ranging

Notes: H2 is Consolidation with ROMAR still supoort, 4 horsemen Resistance

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Fibo up or down: Red

Notes: Uptrend with FIbo Red

Final Notes : All ROMAR support, but H2 4horsemen downtrend, with White crossed purple. In consolidation we should entry at extreme top or bottom

Projected Entry :
Consolidation:
Long:
Short:
Notes for readjustments:
I Will Never Give Up
  • #12,455
  • Dec 5, 2017 1:30am Dec 5, 2017 1:30am
Quoting Hendo
Congratulations Andy, you deserve the praise! I know you've worked very hard to get to this point. Well done, keep it up, and remember to give back and help other traders when you're able! Great job! Best Regards, Chad
Appreciated Chad, thank you!

Certainly nowhere near the level of yourself and Shaun, long way to go, learning all the way which will include mistakes - if I can help fellow traders I will.

Cheers,
Andy
From the ashes of disaster grow the roses of success - Grandpa Potts, 1968
  • #12,456
  • Dec 5, 2017 2:18am Dec 5, 2017 2:18am
Date: 5.12.17 9.00 CET

Daily:
ROMAR – 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 - Fibo is down
Notes: Uptrend.

4 HR:
ROMAR – Support
EMA – Resistance
PSAR - Resistance
Notes : fib.23.6 is resistance, DB attached on top.

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 bottom
Fibo up or down - Fibo is up
Notes: DB attached on bottom, PSAR is resistance, candle closed below EMA.

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

Final Notes for all charts: Consolidation. D1-uptrend, H4-fib.23.6 is resistance, candle closed below EMA. DB attached on top. H2- DB attached on bottom, PSAR is resistance, candle closed below EMA. H1- Purple crossed white for down.


Entry:
Consolidation: short of EMA – H2
Long:
Short:


Rules : Consolidation. H4 - DB attached on top, fib.23.6 is resistance, candle closed below EMA. H2 – PSAR is still resistance, candle closed below EMA, both arrows directed down. H1 – Purple crossed White for down, candle clossed below EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 257 KB
Hard work beats talent when talent fails to work hard. - KD
  • #12,457
  • Edited 3:22am Dec 5, 2017 3:07am | Edited 3:22am
PLAN 5/12/2017 11.05 GMT - LONDON

NEWS:
5:00pm USD ISM Non-Manufacturing PMI

Daily
Romar: Support
EMA: Support
PSAR: Support
DBSAR: at 134.367
fibo: green
MACD: Up
EMA Arrow: Up
Notes: 4 horsemen UP -trend UP.Market at smooth.

H4
Romar: Support
EMA: resistance
PSAR: resistance
fibo: red -
Notes: 4 Horsemen slightly down.. SAR attached to correct candle top at 134.037 .DB at 134.367

H2
Romar: support
EMA: resistance
PSAR: resistance
DB +SAR :bottom at 133.256
fibo: Red
MACD: Down
EMA Arrow down
Notes: 4 horsemen just turning up. Consolidation
H1
Romar: Supprt
EMA: Support
PSAR: Support
fibo: Red
MACD: up

Notes: 4 horsemen and ROMAR close. BB coming together.market consolidating. market is below ROMAR and PSAR

Final notes: We are in consolidation. SAR trend down vs ROMAR trend up.
Rules for consolidation:
a: The 2 hour is your trading/trend chart.
b: Use the Daily Chart S/R as reference for consolidation.
c: You can trade either short or long in consolidation.
d: Trade from resistance to support and vice-versa. Do not trade from center in consolidation.
e: Both upper and lower bands are resistance and support in consolidation.
Entry: With Daily pointing up and 2H ROMAR just below I will not short the market .
Attached Image (click to enlarge)
Click to Enlarge Name: 512EURJPYproH2.png Size: 76 KB
  • #12,458
  • Dec 5, 2017 3:16am Dec 5, 2017 3:16am
Quoting learn2fly
TRADING PLAN Date: 5 /12/2017 News: 15.00 gmt usd red news Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing : Up Last EMA Alert Arrow : Up Last DB Attachment: DB/SAR at top 134.373 Fibo up or down:Fibo is Green/Up Balance: Balance with purple Notes: D1 is uptrend with DB/SAR attached on top with divergence, open below white 4 HR: ROMAR - Support EMA - Support PSAR - Resistance Last DB/SAR Attachment: DB attached at Top 134.373, SAR attached on top 134.042 Fibo up or down: Fibo is Red/Down Notes: Consolidation,...
Entry : Market touch D1 Smooth and 61.8 support
H2 hidden divergence triggered, DB relocated near ROMAR support
H1 and H2 ROMAR still support
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 12-05-17 at 04.17 PM.PNG Size: 78 KB
I Will Never Give Up
  • #12,459
  • Dec 5, 2017 10:57am Dec 5, 2017 10:57am
The chances for a trade today are dropping.
I must say, I find consolidation very confusing and hard to trade.

I thought Learn2fly entry was/is good. ( Just Above )
I didnt trade it as I was waiting for a 1H BB hit OR for the 2H to close. When it did close I felt I missed the trade and that I was too late and better wait.
At the same time I thought it is a good trade at a good price.

Funny enough, Several hours later I had the chance to buy at the same price or a bit better, but I didnt, as I felt that term has changed.

Again... VERY confusing for me . I with Dana or Shinny will comment on this scenario
  • #12,460
  • Dec 5, 2017 11:28am Dec 5, 2017 11:28am
Quoting pedro7676
Date: 5.12.17 9.00 CET Daily: ROMAR – 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 - Fibo is down Notes: Uptrend. 4 HR: ROMAR – Support EMA – Resistance PSAR - Resistance Notes : fib.23.6 is resistance, DB attached on top. 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 bottom Fibo up or down - Fibo is up Notes: DB attached...
Evaluation :
TP was hit. I entered short, traded from resistance–EMA to support–Romar. Purple slid under Smooth for continuation of EMA/PSAR downtrend (H2).
Hard work beats talent when talent fails to work hard. - KD
4 traders viewing now