The Paradox System | Page 657 | 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

  • #13,121
  • Feb 5, 2018 10:56am Feb 5, 2018 10:56am
Quoting galactico
{quote} Placed a long in line with my plan after touch on Daily Fibo and Purple. This was not at open candle but 15 minutes after. {image}
Result: +40 pips
Self Evaluation: Rules for entry. Off Fibo and Purple SUpport in Daily uptrend. In consolidation trade from bottom to top & viceversa. This trade flipflopped up 25 pips down 20 pips then +40. I think it was too risky because I was against shortterm swing trend. However I was quite confident that the SL wouldnt be hit because of H2 Romar/BB and also the Daily support and there was 40 pips before EMA resistance. I did follow my plan and was patient for the entry.
It takes time
  • #13,122
  • Feb 5, 2018 11:00am Feb 5, 2018 11:00am
Quoting learn2fly
{quote} Entry: {image} Rules: 1. H2 PSAR flipped and EMA crossed Purple, in sync with H1 4horsemen 2. Enough pip count to next Support (Lower BB) 3. D1 out of balance and will return to Purple for balancing
Result: +40 pips
Self evaluation:
4horsemen downtrend and D1 out of balance make me confident that market will move down
With enough pips count to D1 purple and H2 Lower BB/ROMAR support
I Will Never Give Up
  • #13,123
  • Feb 5, 2018 2:44pm Feb 5, 2018 2:44pm
Quoting Ronin303
{quote} Result: TP hit (+40) Self Evaluation: I personally think this was a good trade. I forgot to mention one thing... In the end of Friday MACD arrow appeared before EMA arrow. In trend this situation means the market will retrace to deep. {image}
You broken several rules of trading. And you need to find out why this was not a good entry..
The Dove - Forex Trainer
  • #13,124
  • Edited 3:03pm Feb 5, 2018 2:47pm | Edited 3:03pm
Quoting galactico
{quote} Result: +40 pips Self Evaluation: Rules for entry. Off Fibo and Purple SUpport in Daily uptrend. In consolidation trade from bottom to top & viceversa. This trade flipflopped up 25 pips down 20 pips then +40. I think it was too risky because I was against shortterm swing trend. However I was quite confident that the SL wouldnt be hit because of H2 Romar/BB and also the Daily support and there was 40 pips before EMA resistance. I did follow my plan and was patient for the entry.
How do you figure a +40 when you traded long and your SL was hit?????

My mistake - you did get lucky on the pull back. Your entry was totally against the 4 horsemen and EM and when I seen that entry I really didn't think the pull back would had taken you out with the 40. A lesson learn in never think. And that is the same with you.
The Dove - Forex Trainer
  • #13,125
  • Feb 5, 2018 2:50pm Feb 5, 2018 2:50pm
Quoting learn2fly
{quote} Result: +40 pips Self evaluation: 4horsemen downtrend and D1 out of balance make me confident that market will move down With enough pips count to D1 purple and H2 Lower BB/ROMAR support
Very nice trade according with the rules. Keep up the good work.
The Dove - Forex Trainer
  • #13,126
  • Feb 5, 2018 3:04pm Feb 5, 2018 3:04pm
Quoting dove_alliance
{quote} How do you figure a +40 when you traded long and your SL was hit?????
hello Dove TP +40 was hit as from the picture. Price went up before dropping - I don't try to lie.
I said that I was not happy with the trade when I analyze because too risky, against short trend etc...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 118 KB
It takes time
  • #13,127
  • Feb 5, 2018 3:21pm Feb 5, 2018 3:21pm
Quoting galactico
{quote} hello Dove TP +40 was hit as from the picture. Price went up before dropping - I don't try to lie. I said that I was not happy with the trade when I analyze because too risky, against short trend etc... {image}
If you look at the same post I had made you will see the correction.
The Dove - Forex Trainer
  • #13,128
  • Feb 5, 2018 6:08pm Feb 5, 2018 6:08pm
TRADING PLAN
Date: 2/6/2018

News: none

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing : Up
Last EMA Alert Arrow : Up
Last DB/SAR Attachment: SAR attached on bottom below PSAR support
Fibo : Down

Notes: D1 4horsemen up with SAR on bottom below PSAR Support

4 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Last DB/SAR Attachment: DB on bottom
Fibo : Down

Notes: H4 is consolidation with DB attached on bottom, market far below Purple Resistance

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

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB/SAR Attachment: DB on bottom with both divergence
Fibo : Up

Notes: H2 consolidation with DB on bottom after hitting Lower BB

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Fibo : Up

Notes: H1 downtrend, with Fibo has flipped up

Final Notes :
Market in consolidation, so trade from extreme with DB showing the entry. i waited for JPY opening to see D1 open candle
D1 still uptrend, with H2 consolidation and DB showing on bottom after hitting the lower Support (BB)
H2 ROMAR also still support

Entry:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 02-06-18 at 07.08 AM.PNG Size: 72 KB

Rules:
1. In consolidation trade from extreme with DB showing the entry
2. Enough pips count to Purple Resistance
3. Use D1 as reference in consolidation
I Will Never Give Up
  • #13,129
  • Feb 5, 2018 7:19pm Feb 5, 2018 7:19pm
Quoting dove_alliance
{quote} You broken several rules of trading. And you need to find out why this was not a good entry..
Ok... According to my observation, the broken rules are: At that time market was in full uptrend and doesn't change the trend until H2 parabolic flips. At the time of my entry H2 parabolic was still Support. Also H2 EMA was support and SAR was connected near parabolic. I made an entry for short on H2 parabolic support while EMA was also support. EMA on H2 could very well slide under Purple for back to up. So I was to wait and the best entry was from resistance after parabolic flip and EMA crossed Purple for down on H2. So that would be open candle on H2 EMA after EMA crossed Purple for down. Am I correct Dana?
  • #13,130
  • Feb 5, 2018 7:22pm Feb 5, 2018 7:22pm
My Trading Plan: EURJPY

Date (Local): 06/02/2018
Time: Tokyo Open

Red News: No red news.

Daily:

ROMAR: Support
EMA: Support
PSAR: Support

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Top at 137.490
Last SAR attachment: Bottom at 134.797
Fibo: Down/Red

Notes: 4 horsemen is up with ROMAR uptrend but market opened way below parabolic at 61.8 fibo.


H4:

ROMAR: Support
EMA: Resistance
PSAR: Resistance

Checklist:

Last DB attachment: Bottom at 134.797
Last SAR attachment: With and under DB
Fibo: Down/Red

Notes: 4 horsemen down against ROMAR. Market opened way below 61.8 fibo near lower BB.


H2:

Day Open Price: 134.879
ROMAR: Support
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 134.797
Last SAR attachment: With and under DB
Fibo: Up/Green

Notes: H2 is in strong down. BB widely open. ROMAR about to cross EMA for down. Fibo flipped and green.


H1:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Fibo: Up/Green

Notes: 4 horsemen down with ROMAR downtrend.


Final Notes: All lower TF charts are turning for down. Only Daily is up but market opened way below parabolic with 35 pips gap to ROMAR.

Entry for Long: ---

Entry for Short: Will be looking for short from a good resistance level.
  • #13,131
  • Edited 8:19pm Feb 5, 2018 7:30pm | Edited 8:19pm
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Date/time/Pair: 06.02.18/ 06:45/ EJ
News: No red news for EUR/USD.
Daily:
Romar: S EMA: S PSAR: S
Check List:
Last MACD 0 crossing: Down on current candle
Last EMA alert arrow: Down on previous candle
Last DB/SAR attachment: on top three candle ago with both divergence & magenta inner box. SAR attached on bottom of current candle with tag price
FIBO: Red for down
Notes: Daily is turning to down trend with white is about to crossed purple, EMA & MACD alert is down . Market open below the parabola & also lower BB is within the 100 fibo could have a chance to strike. Lower BB is diverging .

H-4:
Romar: S EMA: R PSAR: R
Check List:
Last DB/SAR attachment: On bottom with SAR tag 69 pips above the 100 fibe & just above the lower BB.
FIBO: Red for down
Notes: 4 HM is blown down with ROMAR holding support. Purple is about to cross romar for down. H4 is imbalanced with purple about 70 pips.

H-2: open price: 134.879
Romar: S EMA: R PSAR: R
Check List:
Last MACD 0 crossing: Down before ema alart about 15 candle ago
Last EMA alert arrow:down
Last DB/SAR attachment: On bottom with current candle with both green & light sky blue divergence at 00 fibo & on previous candle lime inner box indicate this or multiple candle will be green.
FIBO: Green for up
Notes: Romar is about to reversing from support to resistance for blown down trend but not yet. Last DB/SAR attachment on bottom with sar price tag & both divergence. H2 purple is about 50 pips above.

H-1:
Romar: R EMA: R PSAR:R
Check List:
Last MACD 0 crossing: Down
Last EMA alert arrow: Down
Last DB/SAR attachment: On bottom with both divergence & lime inner box.
FIBO: Green for up
Notes: H1 Is full down trend with DB/SAR attached on bottom with both divergence at 00 fibo.

Final Notes: Market is in consolidation. So can go in both side. H1,H2 & H4 are syn for down trend with H2 & H4 romar holding support. Daily open below parabola & just above 61 fibo also daily Lower BB is within 100 fibo below romar.


Projected Entry: I will go short with a good resistance within my SL 40 & enough 40 below the entry for TP. Could be after H2 EMA crossing with romar .

Evaluation:
  • #13,132
  • Feb 5, 2018 8:15pm Feb 5, 2018 8:15pm
Quoting Ronin303
{quote} Ok... According to my observation, the broken rules are: At that time market was in full uptrend and doesn't change the trend until H2 parabolic flips. At the time of my entry H2 parabolic was still Support. Also H2 EMA was support and SAR was connected near parabolic. I made an entry for short on H2 parabolic support while EMA was also support. EMA on H2 could very well slide under Purple for back to up. So I was to wait and the best entry was from resistance after parabolic flip and EMA crossed Purple for down on H2. So that would be open...
Yes - you are correct and my question is why not wait when the setup was correct? Playing games with an account will, and can place you in the bankruptcy file.
The Dove - Forex Trainer
  • #13,133
  • Feb 5, 2018 9:26pm Feb 5, 2018 9:26pm
May i ask a question having taken the TP40 a while back up top, however; with also in the knowing what was happening but just observing for another self-conditioning event, seen many similar situations in the past through the cycles.
During these cycles and in Long Term trading, should we be pulling out during Red News, then re-enter or stick it out...."in for the long haul" & all that.
I have seen Shaun describe what seems to have been inferred as a "babysit" mode during Long Term. Any thoughts?
If you make up your own rules then the story is sad.....
  • #13,134
  • Feb 5, 2018 9:52pm Feb 5, 2018 9:52pm
Quoting OliveBranch
May i ask a question having taken the TP40 a while back up top, however; with also in the knowing what was happening but just observing for another self-conditioning event, seen many similar situations in the past through the cycles. During these cycles and in Long Term trading, should we be pulling out during Red News, then re-enter or stick it out...."in for the long haul" & all that. I have seen Shaun describe what seems to have been inferred as a "babysit" mode during Long Term. Any thoughts?
There shouldn't be anyone in a High Impact News release (Red). The ones that are trading against the rules I'm just letting them go and one day they will learn.
The Dove - Forex Trainer
  • #13,135
  • Feb 5, 2018 10:09pm Feb 5, 2018 10:09pm
Quoting dove_alliance
{quote} There shouldn't be anyone in a High Impact News release (Red). The ones that are trading against the rules I'm just letting them go and one day they will learn.
Thank you Dove - this clears it all up for me.
If you make up your own rules then the story is sad.....
  • #13,136
  • Feb 5, 2018 11:32pm Feb 5, 2018 11:32pm
Quoting learn2fly
TRADING PLAN Date: 2/6/2018 News: none Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing : Up Last EMA Alert Arrow : Up Last DB/SAR Attachment: SAR attached on bottom below PSAR support Fibo : Down Notes: D1 4horsemen up with SAR on bottom below PSAR Support 4 HR: ROMAR - Support EMA - Resistance PSAR - Resistance Last DB/SAR Attachment: DB on bottom Fibo : Down Notes: H4 is consolidation with DB attached on bottom, market far below Purple Resistance 2 HR: ROMAR - Support EMA - Support PSAR - Resistance Check List:...
Result: -40 pips
Self evaluation:
Market did move up to +35 pips but then moved down to trigger SL
It was risky trade i took and only based on emotion when i looked at Market has hit H2 Lower BB, in consolidation i thought it was the lowest point with D1 SAR also attached on bottom below PSAR Support will push market Up at least to H2 Purple
But i realized that was very risky trade against H2 4horsemen and H1 full downtrend.
I need to be patient waiting best setup to get in the market.
Lesson learnt
I Will Never Give Up
  • #13,137
  • Feb 6, 2018 2:33am Feb 6, 2018 2:33am
Hello
Things have moved very fastly this morning. Plan is out of date every 10 minutes!

NEWS: NO RED:

Trading Plan 6 Feb 2018

London Session

Daily: open 135.127 (Sydney open 134.879)
ROMAR - Support
EMA – Support
PSAR – Support

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Red
Last DB Attachment – Bottom 133.962
Last SAR Attachment - with DB
Fibonacci - Red

Balance: crossed yesterday

Notes: After huge drop daily takes time to react. ROMAR is support and may hold the market. Purple/White getting closer but no cross. DB/SAR and both divergences on current candle, so possible reaction up. Lower BB is in play and above Fibo 100.

H4:
ROMAR - Support
EMA – Resistance
Psar - Resistance

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Red
Last DB Attachment – Bottom at 133.962
Last SAR Attachment – top 135.753
Fibonacci - Red

Notes: Horsemen in full downtrend. Market and purple crossed ROMAR so ROMAR now S/R. DB/SAR connected below Fibo 100 to create LL and candles are following down lower BB.

H2:
ROMAR - Resistance
EMA – Resistance
PSAR – Resistance

Last MACD 0 Crossing - Down
Last EMA Alert Arrow - Red
Last DB Attachment – Bottom at 133.962
Last SAR Attachment - top 135.753
Fibonacci - Green

Notes: strong downtrend but purple moving for white cross. Consolidation? New green Fibo and SAR connected up and continuing up. Maybe to PSAR/ROMAR

H1:
ROMAR - Resistance
EMA - Resistance
PSAR – Resistance E

Checklist:
Last MACD 0 Crossing - Up
Last EMA Alert Arrow - Green

Notes: Horsemen turned for up. EMA/MACD arrows appeared for up in right order. PSAR is eliminated and could turn on next candle.


Final Notes: Consolidation. Big fall and now recover 150 pips in 4 hours. H1 suggesting change in swing to up. H2 not yet confirmed. Would like MACD confirm on H2. ROMAR is resistance on H2. H4 ROMAR and EMA are also resistance.

Entry: I prefer short from ROMAR/PSAR resistance on H2 but Long is possible with adjustment if H2 confirms turn and open candle above resistance. Waiting a little for confirmation

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 108 KB
It takes time
  • #13,138
  • Edited 7:38am Feb 6, 2018 2:43am | Edited 7:38am
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Quoting toil
Date/time/Pair: 06.02.18/ 06:45/ EJ News: No red news for EUR/USD. Daily: Romar: S EMA: S PSAR: S Check List: Last MACD 0 crossing: Down on current candle Last EMA alert arrow: Down on previous candle Last DB/SAR attachment: on top three candle ago with both divergence & magenta inner box. SAR attached on bottom of current candle with tag price FIBO: Red for down Notes: Daily is turning to down trend with white is about to crossed purple, EMA & MACD alert is down . Market open below the parabola & also lower BB is within the 100 fibo could have...
Entry: go short after sar attached on h2 chart with EMA & ROMAR AS resistance.
Rules: went short according to my plan with
H1, H2 & H4 are downtrend & short will be from off the resistance.
H1, H2 & H4 ROMAR ,EMA are very strong resistance for that short.
Market back from weekly parabola to a long way.
Enough pips gap for my TP.
Thanks
Toil
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpypro-h2-gain-global-markets-6.png Size: 107 KB
  • #13,139
  • Feb 6, 2018 3:46am Feb 6, 2018 3:46am
  •  toil
  • | Joined Oct 2017 | Status: BUSY LIFE TAKES ME AWAY FROM MY CHA | 65 Posts
Quoting toil
{quote} Entry: go short after sar attached on h2 chart with EMA & ROMAR AS resistance. Rules: went short according to my plan {image}
Results: got quick +40 from the market as shinny's bread & butter.
Thanks
Toil
Highly expect evaluation from master DOVE.
  • #13,140
  • Feb 6, 2018 6:46am Feb 6, 2018 6:46am
Quoting galactico
Hello Things have moved very fastly this morning. Plan is out of date every 10 minutes! NEWS: NO RED: Trading Plan 6 Feb 2018 London Session Daily: open 135.127 (Sydney open 134.879) ROMAR - Support EMA – Support PSAR – Support Last MACD 0 Crossing - Down Last EMA Alert Arrow - Red Last DB Attachment – Bottom 133.962 Last SAR Attachment - with DB Fibonacci - Red Balance: crossed yesterday Notes: After huge drop daily takes time to react. ROMAR is support and may hold the market. Purple/White getting closer but no cross. DB/SAR and both divergences...
Took trade short in line with plan at opening of candle in image.
I was no able to post trade immediately but I see now i have +40 TP.
Rules for short: Trade from resistance back into downtrend on H2. SAR attached at PSAR for entry back. ROMAR and EMA resistance. I was concerned with Purple/White cross but Purple/Smooth was far away so slider/back into trend.
Problem:This was the correct trade but I wait for new candle after SAR attach, this mean I had 25 pip drawdown before finally hit TP. Do I analyse too much? Maybe I feel I need more confirmation or not enough confidence. Execution need to be better
Attached Image
It takes time
5 traders viewing now