The Paradox System | Page 705 | 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

  • #14,081
  • Jun 25, 2018 5:05pm Jun 25, 2018 5:05pm
Quoting SuchParadox
EURJPY Date: 26/06/18 News: High Impact USD News at 3pm GMT Daily: ROMAR –Resistance EMA - Resistance PSAR –Resistance (Eliminated) Check List: Last MACD 0 crossing: down, miniscule bar Last EMA Alert Arrow: up Last DB Attachment: 126.635 with sar attachment at 128.829 j Fibo up or down: green and up Notes: Romar down, with 4hm turning up , and ema alert arrow showing for the up. Sar attached at the top of current candle just below psar resistance and 61.8 fibo. Macd almost turning back up with the current bar now very miniscule. Market went down...
Entry: short for 40/40 with new open h2 candle at 23.6 fibo. reason: we are in consolidation, market made a high with divergance on h2 and h4, there is inbalance on h4 with romar resistance. Trading is from top to bottom and bottom to top in consolidation, and 4hm hold less power.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
  • #14,082
  • Jun 26, 2018 4:58am Jun 26, 2018 4:58am
Quoting SuchParadox
{quote} Entry: short for 40/40 with new open h2 candle at 23.6 fibo. reason: we are in consolidation, market made a high with divergance on h2 and h4, there is inbalance on h4 with romar resistance. Trading is from top to bottom and bottom to top in consolidation, and 4hm hold less power. {image}
Evaluation: Took 40 from the market. This was a good trade in the moment, following the rules of consolidation, market made a high so next was the low. Entry was good as market barely got higher then that. Execution could have been better as i could have waited for the 2h 4hm to make the turn for extra confirmation, but My entry didn't break any rules. I wanted to put the trade at b/e after 20 pips, but my previous experience taught me that its not always a good idea, especially with consolidations, the market ranges often and my b/e would have been hit at least 3 times before making the move down.

Have a Nice day guys.
  • #14,083
  • Jun 26, 2018 9:29am Jun 26, 2018 9:29am
Trading plan 26/06/2018

Economic news : no

Daily
ROMAR - resistance
EMA - resistance
Parabolic - resistance

Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow - up
Last SAR Attachment - up at 128.829
Fibonacci - green

Notes: 4horsemen with ema is resistance. Market hit smooth when purple crossed smooth for up.

H4
ROMAR - resistance
EMA - support
Parabolic - support

Checklist:
Last DB&SAR Attachment – down at 127.273
Fibonacci - red

Notes : 4horsemen with ema is up but romar is still resistance

H2
ROMAR - support
EMA – support&resistance
Parabolic - resistance

Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - up
Last DB&SAR Attachment - down at 127.790
Fibonacci - red

Notes: Purple slider romar so 4horsemen is both support and resistance.

H1
ROMAR - support
EMA – support&resistance
Parabolic – resistance(eliminated)

Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow - up

Notes: romar slieer purple so same scenario is happening like h2 chart.

FİNAL NOTES: In my opinion confluence level is 127.790. Because it is great support level.
H2 61.8 support
H4 fibo50 support
Daily purple cross smooth

ENTRY: i went long when i see that new candle opened over romar and purple on h2. I think this scenario is purple/ema slider.
Attached Image (click to enlarge)
Click to Enlarge Name: sss.png Size: 54 KB
  • #14,084
  • Jun 26, 2018 5:24pm Jun 26, 2018 5:24pm
EURJPY Date: 27/06/18
News: High impact USD at 3 pm GMT
Daily:
ROMAR –Resistance
EMA - Resistance
PSAR –Resistance

Check List:
Last MACD 0 crossing: up, miniscule bar
Last EMA Alert Arrow: up, however currently down arrow flashing
Last DB Attachment: bottom, 126,635 with sar at 128.829
Fibo up or down: green and up

Notes: 4hm turning up with purple about to cross smooth up, sar attachment was just below psar resistance with fibo as the confluence. Market found support with smooth/psar.
4 HR:
ROMAR –Resistance
EMA – Support
PSAR - Support

Check List:
Last DB Attachment: 128.829 , magenta tag and divergence
Fibo up or down: red and down
Notes: 4hm turned up however 4hm beginning turn down with purple sliding against romar and romar now holding resistance, ema currently holding support.

2 HR:
OPEN PRICE – 128.120
ROMAR – Support
EMA -Support and Resistance
PSAR –Resistance

Check List:
Last MACD 0 crossing: down, miniscule bar
Last EMA Alert Arrow: up
Last DB Attachment: down, 127.790, thistle tag in confluence with purple/smooth support on daily
Fibo up or down: red and down.

Notes: 4hm turning up, however psar currently holding resistance, BB’s closing in.

1 HR:
ROMAR – Support
EMA – Support
PSAR – Support

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

Notes:4hm beginning a turn down however psar currently holding support

Final Notes for all three charts: h1 turning down, h2 turning up, h4 turned up, daily turning up, we are in a consolidated uptrend, with market making a higher low therefore I will look for an entry at a good level of support, Ideal entry for the long would be once db/sar pops up on h4 with confluence on other charts. Will keep an eye out for the next daily open candle, and make a futher decision.
  • #14,085
  • Jun 26, 2018 7:06pm Jun 26, 2018 7:06pm
Quoting SuchParadox
EURJPY Date: 27/06/18 News: High impact USD at 3 pm GMT Daily: ROMAR –Resistance EMA - Resistance PSAR –Resistance Check List: Last MACD 0 crossing: up, miniscule bar Last EMA Alert Arrow: up, however currently down arrow flashing Last DB Attachment: bottom, 126,635 with sar at 128.829 Fibo up or down: green and up Notes: 4hm turning up with purple about to cross smooth up, sar attachment was just below psar resistance with fibo as the confluence. Market found support with smooth/psar. 4 HR: ROMAR –Resistance EMA – Support PSAR - Support Check List:...
Entry: entered long for 40/40 at new open daily candle. Reasons, open above daily ema, h2 psar flip to support, open above romar on h4,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
  • #14,086
  • Jun 27, 2018 12:29pm Jun 27, 2018 12:29pm
I cant help but think that all this unscheduled news has been shacking things up a lot.
Im trying to fugue out if im making up excuses or if i am missing something.
Im going to post a screen shot
The white arrows are the unscheduled releases and most of them really moved the market.
We had OPEC meetings Friday (All day red news, no trading) (Red X)
The other red arrows are the scheduled red flagged releases.
It seems this trade war is really shacking things up!
Only as I see it there have been some good trades hit SL. Maybe thats just how it goes at this time, Or maybe Im just looking for excuses!
As Dove says "it doesn't matter how the pips fall the market will always return to the trend"
As it seems to finally be doing now!
Any thoughts are welcome
Cheers
Devon
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 130 KB
  • #14,087
  • Jun 27, 2018 7:32pm Jun 27, 2018 7:32pm
Quoting SuchParadox
{quote} Entry: entered long for 40/40 at new open daily candle. Reasons, open above daily ema, h2 psar flip to support, open above romar on h4, {image}
Evaluation: sl hit -40. This was a bad trade going forward. Reason being , I misinterpreted the scenario we are facing, and if someone had not kindly pointed it out to me (thank you so much) then I would have the wrong reasons as to why this trade didn't work.

This trade didn't work because:

 

  1. We were in Daily ranging mode, with 4hm going through Romar on h2
  2. My trade was taken in the middle of the range, where I should have instead waited for Sar/db or BB hits.
  3. 4hm had less significance together with romar, and my entry was a swing type , which is not correct for this scenario
  4. In my trading plan, I did state waiting for h4 db/sar to attach for the entry long, and had I been patient for that, it would have been the perfect entry.

  • #14,088
  • Jun 28, 2018 8:12am Jun 28, 2018 8:12am
Quoting timetolearn
Trading plan 26/06/2018 Economic news : no Daily ROMAR - resistance EMA - resistance Parabolic - resistance Checklist: Last MACD 0 Crossing - up Last EMA Alert Arrow - up Last SAR Attachment - up at 128.829 Fibonacci - green Notes: 4horsemen with ema is resistance. Market hit smooth when purple crossed smooth for up. H4 ROMAR - resistance EMA - support Parabolic - support Checklist: Last DB&SAR Attachment – down at 127.273 Fibonacci - red Notes : 4horsemen with ema is up but romar is still resistance H2 ROMAR - support EMA – support&resistance Parabolic...

Self Evaluations:

Sl hit. I think it was bad trade, market moves according to daily chart however i focused just ema alert. So next time, i will try to see big picture.

Best Regards

Deha
  • #14,089
  • Jun 29, 2018 5:33pm Jun 29, 2018 5:33pm
Hi guys.
The market has been really funny this week and the previous and to be honest I've been struggling with a few entries, in particular today. I would have taken a short trade once I saw the DB/sar attach to h2 Romar in the ranging mode we are in with purple, white and smooth sliding below ema on daily, and it would have been a losing trade.

I'm just wondering if anyone took a trade today, going long. I would love to see your insights and evaluation.
I know the market was ranging and a breakout indicates the end of the ranging but it was difficult today to tell. I also know that positive news on immigration caused the spike up,
I'm just wondering If I'm missing something.
Have a good weekend guys.
  • #14,090
  • Jun 30, 2018 2:00am Jun 30, 2018 2:00am
Quoting SuchParadox
Hi guys. The market has been really funny this week and the previous and to be honest I've been struggling with a few entries, in particular today. I would have taken a short trade once I saw the DB/sar attach to h2 Romar in the ranging mode we are in with purple, white and smooth sliding below ema on daily, and it would have been a losing trade. I'm just wondering if anyone took a trade today, going long. I would love to see your insights and evaluation. I know the market was ranging and a breakout indicates the end of the ranging but it was difficult...
Hey guys
I've also been struggling lately and instead off facing the music i've been blaming other factors like the news! The market has been spiking a lot the last few days. But support and resistance still hold true. Just because im losing trades I cant blame the spikes, Im not seeing the big picture and im not apply the rules. Sorry if I have thrown any you off track. The Paradox with show the way

Fridays long trade if im not mistaking was..
On the 2H we had DB with SAR at the bottom means DB up top was next. We had the EMA and then the MACD arrows in the right order for a bigger move up.
Then we had SAR at the top with +MACD meaning we take the next SAR at the bottom and enter long, or at PSAR we enter long. When the market hit the 1H PSAR at 21:00 we could have entered long or the open of 22:00.
D1 Purple was sliding over smooth and white for the up and D1 EMA Res was about 360pips away.
Trading around 2H ROMAR has been hard for me...
Another long could have be taking at 8:00 (2H purple) with EMA crossing ROMAR And then again at 14:00 with the 1H break out and room to D1 ROMAR
Looking back this is how I see it. If its wrong, irrelevant or misleading I will remove it.
I need to curb my ego, trade by the rule and not by what I think.
Cheers
Devon
  • #14,091
  • Jun 30, 2018 10:55am Jun 30, 2018 10:55am
Quoting SuchParadox
Hi guys. The market has been really funny this week and the previous and to be honest I've been struggling with a few entries, in particular today. I would have taken a short trade once I saw the DB/sar attach to h2 Romar in the ranging mode we are in with purple, white and smooth sliding below ema on daily, and it would have been a losing trade. I'm just wondering if anyone took a trade today, going long. I would love to see your insights and evaluation. I know the market was ranging and a breakout indicates the end of the ranging but it was difficult...
Hi,

I also looked that moment as a possible sell entry, from the H2 ROMAR resistance, and then the (EUCO immigration) news jumped the market +130 pips to ~129.000 with speed. Exogenous events may put even the best trader on the wrong side of the trade. "Nothing is perfect". I wasn't looking for entries on this friday, but in hindsight there was one buy-spot 6 hours after the immigration news peak, from H2 Purple support hit with confluence from H1 EMA support hit, with H1-2-4 technically in an uptrend (but market also being at top)... But the market could have also gone lower to H2 EMA... I would not have felt easy buying at the H2 Purple... And like Dove says "never risk!"
  • #14,092
  • Jul 1, 2018 3:50pm Jul 1, 2018 3:50pm
EURJPY Date: 01-02/07/18
News: High Impact USD news at 3pm gmt
Daily:
ROMAR –Resistance
EMA - Resistance and Support
PSAR – Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: 129.458
Fibo up or down: green and up

Notes: 4hm are turned up, with purple currently about to cross ema up. Market shot up to daily Romar resistance, with db attaching with thistle tag and Magenta divergence. Psar flipped to support, with both ema and macd up arrows showing on the same bar.
4 HR:
ROMAR – Support
EMA – Support
PSAR - Support

Check List:
Last DB Attachment: top 129.458
Fibo up or down: Red and down
Notes: 4hm turned up, with ema crossed romar for the consolidated uptrend. Market made a high of 129.458, with both divergences attached and magenta price tag. Fibo flipped down.

2 HR:
OPEN PRICE –
ROMAR – Support
EMA -Support
PSAR – Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment: top, 129.458
Fibo up or down: red and down

Notes:4hm are up, with market making the high of 129.458, again with both divergences and magenta tag. Market showing a decrease in the upward momentum with purple/white starting to slide, market opening below white, then purple holding resistance at market close on Friday.

1 HR:
ROMAR – Support
EMA – Support
PSAR – Support

Check List
Last MACD 0 crossing: up, miniscule bar
Last EMA Alert Arrow: up
Fibo up or down: red and down with Fridays final candle opening below smooth. Macd bars gradually becoming smaller, with fibo red.

Notes: 4hm are turned up,

Final Notes for all three charts: h1 up, h2 up, h4 up, daily turning up. We are still however in consolidation because of Daily Romar down. Market reached Daily romar resistance, causing h1,h2 and h4 fibos to turned for the down. There is around 130 pips between romar and purple on the daily. We have divergences attached on h2 and h4 and daily for the confluence at romar resistance, for the turn back down with all fibos red except daily.



Entry:
Consolidation: Depending on market open , will look to get an early short for the retracement down after the high. If there is a big gap up, will wait for the new daily candle to make a decision. If there if a gap down, I will wait for an entry at resistance after a possible retrace up.
  • #14,093
  • Jul 1, 2018 4:17pm Jul 1, 2018 4:17pm
Quoting SuchParadox
EURJPY Date: 01-02/07/18 News: High Impact USD news at 3pm gmt Daily: ROMAR –Resistance EMA - Resistance and Support PSAR – Support Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: up Last DB Attachment: 129.458 Fibo up or down: green and up Notes: 4hm are turned up, with purple currently about to cross ema up. Market shot up to daily Romar resistance, with db attaching with thistle tag and Magenta divergence. Psar flipped to support, with both ema and macd up arrows showing on the same bar. 4 HR: ROMAR – Support EMA – Support PSAR - Support...
Notes for readjustments: Market opened with the gap down. I missed the retrace to last weeks opening ,just below the purple/white crossing on h2, however with the confluence factors in favour of the short, entered short for 40/40 at smooth on h2.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 56 KB
  • #14,094
  • Jul 1, 2018 5:05pm Jul 1, 2018 5:05pm
Quoting SuchParadox
{quote} Notes for readjustments: Market opened with the gap down. I missed the retrace to last weeks opening ,just below the purple/white crossing on h2, however with the confluence factors in favour of the short, entered short for 40/40 at smooth on h2. {image}
Thanks for the info let see how it goes.
  • #14,095
  • Jul 1, 2018 5:24pm Jul 1, 2018 5:24pm
Quoting The-Force
{quote} Hey guys I've also been struggling lately and instead off facing the music i've been blaming other factors like the news! The market has been spiking a lot the last few days. But support and resistance still hold true. Just because im losing trades I cant blame the spikes, Im not seeing the big picture and im not apply the rules. Sorry if I have thrown any you off track. The Paradox with show the way Fridays long trade if im not mistaking was.. On the 2H we had DB with SAR at the bottom means DB up top was next. We had the EMA and then the...
In my humble opinion there were a couple things going on. First off it was a red news EU economic summit all day, so going into a trade would have been against the rules.

However, Dove has often said in the past that high impact news generally go in the direction of the trend. If you look at the H2, it was in ranging mode the entire week going from the DB attaching at the top to the DB attaching at the bottom. Thursday night the last DB attachment was on the bottom of the H2. We were in a brief consolidated uptrend with SAR attaching at ROMAR. These provided a brief hiatus, but the market inevitably shot up to the top of the fibo for DB to attach. I could be wrong but thats what I saw. The tricky thing last week was identifying the market going into ranging mode in the first place, then trading accordingly.
  • #14,096
  • Jul 1, 2018 6:33pm Jul 1, 2018 6:33pm
Trading plan 02/07/2018

Economic news : EST 10.00 ISM Manufacturing PMI

Daily
ROMAR - resistance
EMA - support
Parabolic - support

Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow – up
Last DB/SAR Attachment - up at 129.458
Fibonacci - green

Notes: market hit romar resistance at 129.458. Fibo 61.8 is support at 128.800.

H4
ROMAR - support
EMA - support
Parabolic - support

Checklist:
Last DB&SAR Attachment - at 127.246
Fibonacci - red

Notes : 4horsemen with ema is up. Fibo 23.6 is support at 128.900. Market opened under purple.

H2
ROMAR - support
EMA - support
Parabolic - support

Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow - up
Last DB&SAR Attachment - up at 129.458
Last SAR attachment - down at 129.089
Fibonacci - red

Notes: 4horsemen with ema is up fibo 23.6 support at 128.900. fibo 0.0 resistance at 129.458. Market opened purple and Sar attached for down.

H1
ROMAR - support
EMA - support
Parabolic - support


Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - up

Notes: 4horsemen with ema is up. Market opened under smooth when purple crossed white.

FİNAL NOTES: On daily chart romar resistance is just above market and divergence attached at the top. There is no support below market until purple and fibo 61.8 level at 128.800. On h4 and h2 chart fibo 23.6 level is first support so i tried to find entry for find 40 pips over 128.900. H1 is also turning down which is purple crossing smooth and macd went down.

ENTRY: I entered short when market touched purple white crossing on h2 chart which is 129.300
Attached Image (click to enlarge)
Click to Enlarge Name: pattt.png Size: 49 KB
  • #14,097
  • Edited 6:20pm Jul 2, 2018 1:50am | Edited 6:20pm
Quoting SuchParadox
{quote} Notes for readjustments: Market opened with the gap down. I missed the retrace to last weeks opening ,just below the purple/white crossing on h2, however with the confluence factors in favour of the short, entered short for 40/40 at smooth on h2. {image}

Evaluation: Took 40 from the market. This was a straight forward trade in the moment. However In Hindsight I could have been a bit more patient as market did make a higher high, bumping the fibo a few pips, but of-course its easier to say that now once its happened, so my trade was a good one because I followed through on my plan, we had several confluences showing up for the down, with the main one being the hit on Daily Romar resistance and tp was taken before London open.

Enjoy your day guys, Brazil and Mexico today!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180702-075559_MetaTrader 4.jpg Size: 19 KB
  • #14,098
  • Jul 2, 2018 6:50am Jul 2, 2018 6:50am
Quoting SuchParadox
{quote} Evaluation: Took 40 from the market. This was a straight forward trade in the moment. However In Hindsight I could have been a bit more patient as market did make a higher high, bumping the fibo a few pips, but of-course its easier to say that now once its happened, so my trade was a good one because I followed through on my plan, we had several confluences showing up for the down, with the main one being the hit on Daily Romar resistance and tp was taken before London open. Enjoy your day guys, Brazil and Mexico today! {image}...
Thanks, just followed you
  • #14,099
  • Jul 2, 2018 6:52am Jul 2, 2018 6:52am
Quoting The-Force
I cant help but think that all this unscheduled news has been shacking things up a lot. Im trying to fugue out if im making up excuses or if i am missing something. Im going to post a screen shot The white arrows are the unscheduled releases and most of them really moved the market. We had OPEC meetings Friday (All day red news, no trading) (Red X) The other red arrows are the scheduled red flagged releases. It seems this trade war is really shacking things up! Only as I see it there have been some good trades hit SL. Maybe thats just how it goes...
Hi, where did you find that news feed indicator? Thanks in advance.
  • #14,100
  • Jul 2, 2018 8:07am Jul 2, 2018 8:07am
Quoting chyth
{quote} Thanks, just followed you
Well, as anyone can advise you, you shouldn't just take anyone's trade but think for yourself by making a trading plan, that way you could learn so much more and what if my trade had failed?

I won't be held accountable for that.
3 traders viewing now