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The Paradox System

  • #12,961
  • Jan 25, 2018 3:53pm Jan 25, 2018 3:53pm
Quoting Paradox7
{quote} Yes we all use this system the way Dove intended it to be used. Like Shinny already said, use forex.com to chart and then Oanda on your phone or switch accounts on your computer to execute. Pretty simple, I'm sure majority of all people here do just that.
Ok, thanks.
  • #12,962
  • Jan 26, 2018 1:26am Jan 26, 2018 1:26am
Quoting raklian
{quote} Are you saying that any other broker's data feed makes this system less effective? If not, the only reason I could think of is that all of us use charts from the same broker to compare our trading plans and results, correct? I think that's a beneficial thing to do.
Yes because a lot of broker feeds are manipulated. This system 100% works with forex dot com data. There may well be other data feeds that are ok, but we know 100% that this one is good, so we don't complicate things any further.

I don't think anybody on this thread uses forex dot com for trading purposes with mt4, but just for charting we do. I funded a live account just to have live data and I open a trade (1 microlot) per month so I dont lose any of the £100-200 I put it.

When I traded futures full time I bought NinjaTrader, and that was $2000 or so, so this is a pretty cheap and effective way of free charting

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #12,963
  • Jan 26, 2018 1:41am Jan 26, 2018 1:41am
Can't beat a freebie......
Stop killing our Oceans, Stop using single use plastics.
  • #12,964
  • Edited 4:41am Jan 26, 2018 4:00am | Edited 4:41am
On USDJPY now the H1 looks good for sell just waiting on H2 for parabolic switch as well as retracement to the EMA for entry.
Can someone confirm to me if this is right or if I should have acted on the H1 when retraced to the EMA?
  • #12,965
  • Jan 26, 2018 8:25am Jan 26, 2018 8:25am
For you new traders that are learning - you may be wondering why the market is going sideways and the charts are telling you a story of why the market is going sideways.

On the H2, H4, and Daily the charts are showing a full blown up trend with ROMAR, EMA, and the Parabolic's. So according to the rules this market should be taking the roof off the top. But there was one major problem - until now you had the DB/SAR on top of each chart for the down and the trade was down.

That is the power of the Paradox.
The Dove - Forex Trainer
  • #12,966
  • Jan 26, 2018 8:33am Jan 26, 2018 8:33am
Took this short trade just now after the new 2 hour candle, took the trade at 2:03 closing it at 2:17 with 20/40 setup for TP and SL
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  • #12,967
  • Jan 26, 2018 8:38am Jan 26, 2018 8:38am
Quoting dove_alliance
For you new traders that are learning - you may be wondering why the market is going sideways and the charts are telling you a story of why the market is going sideways. On the H2, H4, and Daily the charts are showing a full blown up trend with ROMAR, EMA, and the Parabolic's. So according to the rules this market should be taking the roof off the top. But there was one major problem - until now you had the DB/SAR on top of each chart for the down and the trade was down. That is the power of the Paradox.
I have the DB at the bottom at 133.027 (daily). Is my chart right? Thanks in advance.
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  • #12,968
  • Jan 26, 2018 8:46am Jan 26, 2018 8:46am
Quoting danh2203
Took this short trade just now after the new 2 hour candle, took the trade at 2:03 closing it at 2:17 with 20/40 setup for TP and SL {image}
I see no trading plan nor an entry on your chart. And we are not trading the UJ but the EJ. The rule is 40/40. You need to keep reading until you have reached where we had shifted to the E/J and then you can start posting trading plans.
The Dove - Forex Trainer
  • #12,969
  • Jan 26, 2018 8:49am Jan 26, 2018 8:49am
Quoting Cili
{quote} I have the DB at the bottom at 133.027 (daily). Is my chart right? Thanks in advance. {image}
Your chart is right - I was referencing more with the SAR.
The Dove - Forex Trainer
  • #12,970
  • Jan 26, 2018 8:51am Jan 26, 2018 8:51am
Quoting dove_alliance
{quote} I see no trading plan nor an entry on your chart. And we are not trading the UJ but the EJ. The rule is 40/40. You need to keep reading until you have reached where we had shifted to the E/J and then you can start posting trading plans.
The entry was because all of the requirements had been met except for the parabolic which came with the new 2 hour candle as well as on H1 which I can post if you wish the price had touched the parabolic which I thought was the entry for sell? Please correct me if I am wrong so I can learn to not do it again.
Sorry Ill switch back to E/J just saw the opportunity on U/J.
  • #12,971
  • Jan 26, 2018 9:15am Jan 26, 2018 9:15am
Quoting dove_alliance
Traders - you are in a ranging mode since last week.
Thanks Dana......................
Stop killing our Oceans, Stop using single use plastics.
  • #12,972
  • Jan 26, 2018 9:46am Jan 26, 2018 9:46am
When you are in ranging it is up to each trader to understand ranging and journal the Daily highs and lows while in ranging. As an example:

Before 17:00 EST yesterday we had a high of 136.280 and a low of 135.029. After 17:00 yesterday we had a new high created for today at 136.124 with a triple top (3 hits on the top with the H1) and shot down to Yesterday's low of 135.020. In knowing these highs and lows while in ranging gives you a great advantage in predicting your entries off your trading plans by adjusting your plans with the highs and lows. This way you have a visual of trading from the top to the bottom or from the bottom to the top. There are many ways of beating this market - you just need to learn how too use the tools in dong so.
The Dove - Forex Trainer
  • #12,973
  • Jan 26, 2018 10:05am Jan 26, 2018 10:05am
At the end of the day we will have a new lower high and a new lower low. Which means on your trading plan you mark these new high and low for reference. As far as I can tell the new low will be at 134.838 with a new high of 136.124. And my prediction is that new high will not be broken. But as always - anything can happen.
The Dove - Forex Trainer
  • #12,974
  • Jan 26, 2018 10:22am Jan 26, 2018 10:22am
OK Traders - everyone have a great and very blessed weekend.
The Dove - Forex Trainer
  • #12,975
  • Jan 26, 2018 11:30am Jan 26, 2018 11:30am
Hello traders

I do not want to bring any negativity on the thread at all, I would love to do the opposite by helping people and showing good trades and such.
I am sorry for doing it, I feel as if I have no other choice at the moment. I just need something.

I have been debating the decision on multiple occasions now. Should I ask or not? I have also debated whether I should start posting plans and see if I can solve it through that. Most of the times I have said no to myself on both questions, there must be another way. If others can do it, so can I.

I have studied the thread for almost 9 months now and I am still struggling.
One day I feel like I know what is going on, the next, I have lost motivation because I do not understand something or something was said that I had a completely different idea about. I know, it sounds stupid.

I have read that the rules are different for different scenarios. I have also read that the scenarios are always the same but with different variables.
Now, a scenario. I have read different things about that word. It is sometimes either uptrend, downtrend or consolidation. Sometimes it has been e.g. a reversal. Sometimes it is confluence on two charts.

If I can remember correctly, I have also read that Dove has written that there is 6 scenarios. If that is true, then it cannot be uptrend/downtrend/consolidation or even ranging. Can it?

Each time I have studied the thread from the beginning, I have done it with a different idea of what rules and scenarios are and how they're connected.
Each time has brought more confusion to me. I am wondering if there is someone that can set things straight for me.
I am aware that Retrogue changed his learning method to the correct one by building a different structure in his learning material.
He said that he used top level folders with each scenario. After that statement I was lost again not knowing what a scenario is, it has been used so widely.
I am sorry if this post is poorly written and explained, I have rewritten this post several times to properly explain what I am having problems with.

Is there someone that can bring light to my issue?
  • #12,976
  • Jan 26, 2018 12:51pm Jan 26, 2018 12:51pm
Quoting TyD
Hello traders I do not want to bring any negativity on the thread at all, I would love to do the opposite by helping people and showing good trades and such. I am sorry for doing it, I feel as if I have no other choice at the moment. I just need something. I have been debating the decision on multiple occasions now. Should I ask or not? I have also debated whether I should start posting plans and see if I can solve it through that. Most of the times I have said no to myself on both questions, there must be another way. If others can do it, so can...
Ty - you say you have been studying for the last 9 months but I have not seen one trading plan posted. There are many traders are now one of the Elite from learning the Paradox for one simple reason. They had placed their hearts into learning. The biggest learning curve is posting trading plans, making entries, and doing a self-evaluation. This way Shaun, myself, or one of the other experience Paradox trader can help you in seeing what you are missing. We can't help you unless you give yourself a chance in learning. This is how the other traders made it too one of the 5%. They learn from their mistakes.

You sound like you have the heart but fear is keeping you from expanding your horizon. This is about you and no-one else. Perfection comes from letting yourself being exposed by learning from mistakes and leaving fear in the shadows.

I hope this helps you.
The Dove - Forex Trainer
  • #12,977
  • Jan 26, 2018 2:48pm Jan 26, 2018 2:48pm
Quoting dove_alliance
{quote} Ty - you say you have been studying for the last 9 months but I have not seen one trading plan posted. There are many traders are now one of the Elite from learning the Paradox for one simple reason. They had placed their hearts into learning. The biggest learning curve is posting trading plans, making entries, and doing a self-evaluation. This way Shaun, myself, or one of the other experience Paradox trader can help you in seeing what you are missing. We can't help you unless you give yourself a chance in learning. This is how the other...
That is right, I have yet not posted any trading plan. I had a goal of doing it like Hendo did. As far as I know Hendo came on here with great amount of knowledge before having posted a trading plan. I guess that isn't the right way for me.

You are also correct about the fear. I will soon hopefully post my first trading plan in order to continue with the learning curve and attempt to break out of my fear.

I thank you very much for the reply Dove, it is more appreciated than you think.
  • #12,978
  • Jan 27, 2018 1:46am Jan 27, 2018 1:46am
Quoting TyD
{quote} That is right, I have yet not posted any trading plan. I had a goal of doing it like Hendo did. As far as I know Hendo came on here with great amount of knowledge before having posted a trading plan. I guess that isn't the right way for me. You are also correct about the fear. I will soon hopefully post my first trading plan in order to continue with the learning curve and attempt to break out of my fear. I thank you very much for the reply Dove, it is more appreciated than you think.

Hello Ty,

Welcome to the thread. Just so you know, I only had a very basic understanding of the Paradox when I started posting my plans. Yes, I had an 85% win rate on demo as instructed before I started posting my plans, and going live. I did have a pretty good idea why I lost a couple of trades but, I also knew I had quite a lot to learn. As Dana stated in the beginning he was only going to be helping for a very limited time. I wanted to get as much feed back as possible and learn as much as possible before Dana left us on our own. I am still very grateful ever day he posts as you never stop learning.

At the time there was less than 200 pages of the thread, yet it seemed like an overwhelming amount of information. I made the choice to read, understand, comprehend, and then try to apply everything Dana posted. I did the same with all of Shaun’s postings and screen shots. The directions are very clear. Start on page one, read everything, it is all in the thread. All the scenarios, all the rules, everything you need to be, not a great trader, but as Dana says, an elite trader. If I’m not mistaken, I believe I posted one plan and trade that I lost. Since then I have a 98% win rate.

Dana has said it, and it is very true, you need to have faith in the system. In the beginning it is difficult because it doesn’t feel right, you will be way out of your comfort zone. That is when you need to trust in the system. Prepare your plan in writing, visually look at the charts and understand what the Paradox is saying. Know what direction you will be going, with conviction. Hint, if your final notes say I’ll go short if this happens, or I’ll go long if that happens. You are more than likely going to lose that trade. Because you’re not sure of the trend or what’s happening in the moment.

I will also say this, if you have not read the entire thread before you start posting plans you will not get much sympathy from Dana or any of the senior traders. It’s very obvious who is looking for short cuts and not willing to put in the time to learn as we all have.

If one truly starts at the beginning, with all the very detailed posted trade plans with screen shots, not to mention the DB / SAR tutorials (priceless), and ranging scenarios. You truly have everything you need to be one of the elite!

If you feel you have done all you can to learn and you are still struggling, start posting plans. If I may make a suggestion with regards to your plan. Try to keep it simple to the point and just write down what you see, what the indicators are doing, not what you want them to do. You will get feed back. If you feel Dana or any one else is being mean or to firm, take it as lesson number one. As the market will be much tougher. The market will not hurt your pride, feelings, or ego. It will take your sole and all you have. Dana will teach you how to become a professional trader, for an outrageous sum of your time, heart, and willingness to learn. With a simple yes sir, or O.K., I understand sir!

Again welcome, and I hope you and any new traders take these words to heart. I wish you all the very best, and look forward to seeing more trade plans, and watching you progress!

Best Regards,

Chad
  • #12,979
  • Jan 27, 2018 5:55am Jan 27, 2018 5:55am
Quoting Hendo
{quote} Hello Ty, Welcome to the thread. Just so you know, I only had a very basic understanding of the Paradox when I started posting my plans. Yes, I had an 85% win rate on demo as instructed before I started posting my plans, and going live. I did have a pretty good idea why I lost a couple of trades but, I also knew I had quite a lot to learn. As Dana stated in the beginning he was only going to be helping for a very limited time. I wanted to get as much feed back as possible and learn as much as possible before Dana left us on our own. I am...
Hello Chad and thank you for the welcome.

You are right, Dana has give us huge amount of his time helping traders on the thread. The fact that he is still here is a miracle and it says a lot about him as a person, that also goes for Shaun as well as you. It is something I will never take for granted.

I do not mean to come across as arrogant, if I do, I am sorry, that was not what I intended. I have read the thread several times as I figured once would not be enough for me. The information does not stick with me very well and I have problems remembering what I had learned. However it is not an excuse, I will try to not give up and continue learning by posting trading plans in order to get feed back to see where I am failing.

Once again, thank you for the welcome and the reply Chad.
  • #12,980
  • Jan 27, 2018 11:16am Jan 27, 2018 11:16am
Quoting TyD
{quote} Hello Chad and thank you for the welcome. You are right, Dana has give us huge amount of his time helping traders on the thread. The fact that he is still here is a miracle and it says a lot about him as a person, that also goes for Shaun as well as you. It is something I will never take for granted. I do not mean to come across as arrogant, if I do, I am sorry, that was not what I intended. I have read the thread several times as I figured once would not be enough for me. The information does not stick with me very well and I have problems...

Hello Ty,

It’s my pleasure to help. I’m not getting a sense of arrogance. You seem humble and willing to learn. You’re off to good start attitude wise. It takes courage to post a plan for the whole world to see. The attack of the invisibles seems to happen when a pre trade plan gets posted. As there are a great number of traders looking for a free ride and boost their live accounts. They have no idea who is posting pre trade or post trade.

Shaun, Andy, Tom, Nikki, or Ant will post a plan with a screen shot and make it look very easier, with a bread and butter trade. Then again, attack of the invisibles. Then someone will come out from nowhere thinking they understand, throw a plan together and post. That’s when you can tell who’s read and studied and who has not.

You will see familiar traders leave and come back because there was a tough period of consolidation or ranging they don’t understand and give up. That is the hardest part in the beginning. Traders are unsure, hesitate and don’t know what to do. The smart thing when you trade live and unsure is to not trade. If it’s not a 100% I’m going to win, don’t trade, wait for another set up.

I think most traders get caught up with, I need +40 a day. The truth is, unless you can stay awake 24 hours a day, you’re not always going to be there in the moment as it very often happens while your sleeping.

When you’re learning is the best time to post a plan and take a shot at it. Your plan is for you and you alone. However, there will more than likely be other traders posting at similar times, and that’s good also, as they should be very similar. I’m sure it’s easier for Dana to teach a group taking the same trade. If it wins he will say why. If it loses he will say why and point out mistakes in trade plans. If there are no posted plans, there will be no feed back and you will not learn.

So, have the courage to do it for yourself. Who cares what others may think. Put some thought into it without going overboard and trying to be too analytical. I think some traders can get lost in their own plans and over think it. Keep it simple use the Adjustments: only when you need to. Do it with confidence and conviction. Start on demo, if your trying to learn on a live account you will fail, get very frustrated, and more than likely quit.

This is meant to encourage you to start your journey in becoming a professional trader. This is a teaching and learning thread. We, want you to succeed and we help each other!

Best Regards,

Chad
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