The Paradox System | Page 692 | 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

  • #13,821
  • Apr 30, 2018 8:11pm Apr 30, 2018 8:11pm
There is only one Trader on this thread that has the heart and shows his heart with applying the rules that are set forth for his trading plans, and posting his H2 entry chart showing the entry. That trader is Ronin303. He post his plans and then post his entry - and then post his self-evaluation no-matter if it was a losing or winning trade.

There are traders who are feeding their ego in not posting their H2 Entry Chart showing the entry; but posting entries without showing the FACT thinking they can get away with it. So let me make it clear -- don't let it happen again.
The Dove - Forex Trainer
  • #13,822
  • Apr 30, 2018 9:20pm Apr 30, 2018 9:20pm
Quoting Romar
{quote} Entry; Just as planned, after the 8:00 candle went to EMA and bounce back, I entered long at 132.35 candle's 10:00 open above EMA for 40/40. {image}
Result; -40, SL hit.

Self evaluation; I feel like I was really bias towards the long, and I should be thinking objectively and not
subjectively... And the pips difference from 2h ROMAR resistance and my entry was not even 40.
Next time I need to stay patient and pick my spot without being direction bias.
  • #13,823
  • May 1, 2018 2:55am May 1, 2018 2:55am
My Trading Plan: EURJPY

Date (Local): 01/05/2018
Time: Tokyo Open

Red News:
1400 (GMT) - USD - ISM Manufacturing PMI


Daily:

ROMAR: Support
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 131.848
Last SAR attachment: With and under DB
Fibo: Down/Red

Notes: Daily is turning down against ROMAR support. 4 horsemen lined up for down. EMA crossed Purple for down. Candle opened just below ROMAR. Parabolic flipped yesterday and DB is at the bottom of yesterday candle.


H4:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last DB attachment: Bottom at 131.848
Last SAR attachment: Together with DB
Fibo: Green/Up

Notes: H4 is turning for down with everything. Candle opened on Purple.


H2:

Day Open Price: 131.992
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 Cross: Down
Last EMA arrow: Down
Last DB attachment: Bottom at 131.848
Last SAR attachment: With and under DB
Fibo: Green/Up

Notes: H2 is also down with everything. But White is on Purple and it seems like H2 is in start of an upswing. Candle opened on EMA. DB is connected to bottom and BBs are flat.


H1:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

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

Notes: White and Smooth crossed Purple for up. EMA is resistance. Candle opened on Parabolic resistance.


Final Notes: Market is in consolidation with Daily but lower TFs are all in downtrend. In Daily 4 horsemen lined up, EMA become resistance and candle opened just below ROMAR support. H4 is in a good position for short. On H2 White is on Purple and candle opened on EMA. H1 is on Parabolic resistance. Market is on a good position on all the charts to go short right now. But it seems to me H2 is on the start of an upswing and it could go up to Daily Purple.

Entry for Long: ---

Entry for Short: Will go for short if H2 SAR connected on top which is near Daily Purple. If market will not go that far then will open short after H2 Parabolic hit and open below EMA before it becomes support.
  • #13,824
  • May 1, 2018 3:17am May 1, 2018 3:17am
Quoting dove_alliance
There is only one Trader on this thread that has the heart and shows his heart with applying the rules that are set forth for his trading plans, and posting his H2 entry chart showing the entry. That trader is Ronin303. He post his plans and then post his entry - and then post his self-evaluation no-matter if it was a losing or winning trade. There are traders who are feeding their ego in not posting their H2 Entry Chart showing the entry; but posting entries without showing the FACT thinking they can get away with it. So let me make it clear --...
Thank you Dove for your words. It is very encouraging to me. I will not stop until I am successful. May God bless us all...
  • #13,825
  • May 1, 2018 3:19am May 1, 2018 3:19am
Quoting Ronin303
My Trading Plan: EURJPY Date (Local): 01/05/2018 Time: Tokyo Open Red News: 1400 (GMT) - USD - ISM Manufacturing PMI Daily: ROMAR: Support EMA: Resistance PSAR: Resistance Checklist: Last MACD 0 Cross: Down Last EMA arrow: Down Last DB attachment: Bottom at 131.848 Last SAR attachment: With and under DB Fibo: Down/Red Notes: Daily is turning down against ROMAR support. 4 horsemen lined up for down. EMA crossed Purple for down. Candle opened just below ROMAR. Parabolic flipped yesterday and DB is at the bottom of yesterday candle. H4: ROMAR: Resistance...
Adjustments: H2 opened above EMA resistance and White and Smooth crossed Purple for up. Waiting for SAR attachment.

Adjustments: Ok, next two H2 candle opened below EMA and doesn’t go up to the Parabolic. Purple is above White and Smooth.

Adjustments: H1 turned down with Parabolic flip. Last H2 candle created a new LL with DB connection in all the charts. H2 candle opened below Purple, White and Smooth which confirms the Purple and EMA sliding on H2. Decided to go short on this candle.

Final Entry: Short at 131.964 for 40/40

Attached Image (click to enlarge)
Click to Enlarge Name: Entry EJ H2 2018-05-01-1600.png Size: 74 KB
  • #13,826
  • May 1, 2018 3:41am May 1, 2018 3:41am
i find that this thread mostl talks JPY pairs, and its hard to find E/U conversation. why?
So im afraid to implement paradox tool to my chart because i mostly trade with EU or GU. has anybody here tried this system with EU GU?
forex is better than cryptocurrency, trust me.
  • #13,827
  • May 1, 2018 5:40am May 1, 2018 5:40am
Quoting ekoveadvisor
i find that this thread mostl talks JPY pairs, and its hard to find E/U conversation. why? So im afraid to implement paradox tool to my chart because i mostly trade with EU or GU. has anybody here tried this system with EU GU?
You have alot to read my friend, I suggest beginning with page one
  • #13,828
  • May 1, 2018 7:39am May 1, 2018 7:39am
Quoting Ronin303
{quote} Adjustments: H2 opened above EMA resistance and White and Smooth crossed Purple for up. Waiting for SAR attachment. Adjustments: Ok, next two H2 candle opened below EMA and doesn’t go up to the Parabolic. Purple is above White and Smooth. Adjustments: H1 turned down with Parabolic flip. Last H2 candle created a new LL with DB connection in all the charts. H2 candle opened below Purple, White and Smooth which confirms the Purple and EMA sliding on H2. Decided to go short on this candle. Final Entry: Short at 131.964 for 40/40 {image}
You're on fire I have a feeling soon you will be allowed to post after the fact. If it comes to that, please don't stop posting your plans, they teach me alot and I'm sure others learn too
  • #13,829
  • May 1, 2018 5:42pm May 1, 2018 5:42pm
EURJPY Date:02/05/18
News: USD news 1:15pm GMT and 7pm GMT
Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment: bottom (131.565)
Fibo up or down: down

Notes: 4hm turning down, purple at romar heading down,

2 HR:
OPEN PRICE – 131.780
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: bottom
Last DB Attachment: bottom (131.565) with both divergences and lime price tags
Fibo up or down: green and up

Notes: h2down, 4hm all down, sar attatched just below ema.

1 HR:
ROMAR - Resistance
EMA - Resistance and Support (slider)
PSAR - Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: down
Fibo up or down: green and up

Notes:h1 turning up

Final Notes for all three charts:h1 turning, h2 down, h4 down, daily turned down, we are in a consolidated downtrend.

Entry:
Consolidation: will enter short from a good level of resistance. Daily ROMAR would be a great entry or h2 psar.
  • #13,830
  • May 2, 2018 2:01am May 2, 2018 2:01am
Quoting SuchParadox
{quote} You're on fire I have a feeling soon you will be allowed to post after the fact. If it comes to that, please don't stop posting your plans, they teach me alot and I'm sure others learn too
I am on fire??? That's a long way for me my friend! One or two good plans are not enough. The goal is to reach more than 80% consistently. And I am not even 50% because my balance on my demo is reducing. I have some problems and I am working on my problems. I want to be confident on each and every plan and entry. Then you can use those words... "on fire" or something like that

As for my trade... My yesterday's short once again didn't hit TP for less than 1 pip. As it is still running I didn't make a plan. I don't know if your today's plan is good or not but if I had to make a plan today, I would have made the same and entered short at Daily Purple which is on ROMAR. As the market touched Daily ROMAR, I wonder if you have entered as per your plan!!!
  • #13,831
  • May 2, 2018 2:05am May 2, 2018 2:05am
Quoting kop10
hi all. I am curious as to what people do at work. Dana instructs "One thing I suggest is after you have rebooted your platform do not reboot until after the next 24 hour 17:00. If you are finished with your MT4 then minimize it to kep it open. If you reboot after 17:00 and then reboot again later — then the data is not correct." do you bring your own laptop with you as i see from danas advice you should leave you workstation open for 24hrs and rebooting causes conflict. im a newbie so apols if a stupid question. my plan was do make my trading plan...


can anyone can help me here at all? thanks!
  • #13,832
  • May 2, 2018 2:15am May 2, 2018 2:15am
Quoting kop10
{quote} can anyone can help me here at all? thanks!
The short answer is no as the platform needs to be reset at 5pm EST in order for the data to be correct. However...the alternative would be to have a desktop pc set up at home which you are able to reset at the correct time & either sends you screen shots during the day or that you can remotely access to view.

Hope that helps but I should mention I'm not a paradox guru! Just a keen follower
  • #13,833
  • Edited 5:43am May 2, 2018 3:03am | Edited 5:43am
Quoting DotDom
{quote} The short answer is no as the platform needs to be reset at 5pm EST in order for the data to be correct. However...the alternative would be to have a desktop pc set up at home which you are able to reset at the correct time & either sends you screen shots during the day or that you can remotely access to view. Hope that helps but I should mention I'm not a paradox guru! Just a keen follower

really appreciate the reply and thanks for the input. was hoping for an easier solution but seems might there may not be. maybe the best solution is reboot laptop at 10pm GMT (5PM EST) leave on standby all night. do daily trading plan in the morning and execution of trades on my laptop at work.
  • #13,834
  • May 2, 2018 3:52am May 2, 2018 3:52am
Quoting kop10
{quote} really appreciate the reply and thanks for the input. was hoping for an easier solution but seems might there may not be. maybe the best solution is reboot laptop at 10pm GMT (5PM EST) leave on standby all night. bring laptop to work and do trading and execution of trades on my laptop at work.
This might be a good resource. Just follow through the steps setting up the VPS, load your MT4 and Paradox indicators and templates, then set up task scheduler to stop/start MT4 at 17:00 EST. It's a one year free trial.

https://guidingstartechnologies.com/...d-for-mt4-eas/
Don't be afraid; just believe.
  • #13,835
  • Edited 6:13am May 2, 2018 4:06am | Edited 6:13am
Quoting OneZed
{quote} This might be a good resource. Just follow through the steps setting up the VPS, load your MT4 and Paradox indicators and templates, then set up task scheduler to stop/start MT4 at 17:00 EST. It's a one year free trial. https://guidingstartechnologies.com/...d-for-mt4-eas/

Cheers!!!! will look at this on my lunch. appreciate the assistance guys. Im really keen to get stuck into this over the summer and been reading up it alot but pointless if i start demoing the syncing of MT4 platform is corrupting my data.


Or would it be an alternative to only work off my work pc only and reboot every morning at 9am GMT when i come in? then layout my trading plan for the day and hope for a setup and execute a trade within my work day hours.
  • #13,836
  • May 2, 2018 6:13am May 2, 2018 6:13am
Quoting Ronin303
{quote} I am on fire??? That's a long way for me my friend! One or two good plans are not enough. The goal is to reach more than 80% consistently. And I am not even 50% because my balance on my demo is reducing. I have some problems and I am working on my problems. I want to be confident on each and every plan and entry. Then you can use those words... "on fire" or something like that As for my trade... My yesterday's short once again didn't hit TP for less than 1 pip. As it is still running I didn't make a plan. I don't know if your today's...
I did enter as per my plan (132.084) but I exited trade before nfp for +27. And don't worry Bro you will get there. Like Dana said, you have heart
  • #13,837
  • Edited 11:43am May 2, 2018 7:31am | Edited 11:43am
Quoting SuchParadox
{quote} I did enter as per my plan (132.084) but I exited trade before nfp for +27. And don't worry Bro you will get there. Like Dana said, you have heart
Self evaluation: took 27, entered as per my plan (didn't post entry as it was inconvenient for me at the time==away from trading post) .
Trade would have been good for 40 . However red news was on the way and I didn't want to risk because you never know how usd news can effect the EURJPY and I've been burned before.. So I played it safe. Yes an alternate method would have been to put sl and b/e but even then I wasn't willing to give my profits back to the market, h2 4hm had turned up at the time and I played it safe.
I'm happy with this trade because I entered at a great level of resistance, such that the market never even returned to that point.

I'm sorry guys for not being consistent with entries etc. I thought all the greats left this thread because of their success and I felt I would never get any opinions from Dana etc but I'm happy he still at least reads through the thread .

Edit: (whoever sees this please show it to Dana)
Dear Dana,
Please accept this as my sincerest apologies for over stepping. Had I know this would have angered or upset you it would not have been posted, I thought maybe I was doing something good for others but now I realise I may have been selfish.

I really respect you and feel terrible that you have put me in your ignore.
I know this isn't much but I belive in Jesus and what he stood for and I respect that we have that in common. Jesus believed in forgiveness. So please don't be so harsh on me because I'm sorry.

I want you to know that this won't happen again and if I have and daring requests I will pm you first before even considering it.

Please allow me to continue posting my plans. I won't overstep again.

And thank you so much for all that you have taught me
  • #13,838
  • May 2, 2018 8:48am May 2, 2018 8:48am
SuchParadox ,Ronin,,Romar ,Yous posts are very useful , thank to keep posting ,
  • #13,839
  • May 2, 2018 9:01am May 2, 2018 9:01am
Quoting gigioforex
SuchParadox ,Ronin,,Romar ,Yous posts are very useful , thank to keep posting ,

AGREED!!!!
  • #13,840
  • May 2, 2018 9:42am May 2, 2018 9:42am
Quoting SuchParadox
By the way guys, I want to create a WhatsApp group, to help one another master this amazing system.. If you would be interested please pm me your phone numbers And I hope I'm not overstepping.
Yes - you are over stepping.
The Dove - Forex Trainer
9 traders viewing now