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The Paradox System

  • #14,601
  • Nov 12, 2018 10:31pm Nov 12, 2018 10:31pm
Quoting dove_alliance
{quote} Yes - I have a comment - you had a full blown downtrend when you made your posting with ROMAR as resistance across the board on all charts. The H4 ROMAR wasn't support at the time of your trading plan. It was at EMA crossing for resistance. So that excuse is out the window. And with the H2-H4 Parabolic's in full bloom on the downtrend was confluence with ROMAR. So you just sat there and watch the market move 160 pips of your trading plan. All you had to do was wait on the H1 for the Parabolic flip and then pull the trigger with confluence...
Thanks Dana for your comment I appreciate it and you are completely right I should have had the confidence to enter the short with the confluence on all 3 charts. Next time I will pay a closer attention instead of hesitating to pull the trigger.
  • #14,602
  • Nov 12, 2018 10:33pm Nov 12, 2018 10:33pm
EURJPY Date: 13/11/18
News: No Major News.

Daily:

ROMAR: Resistance
EMA: Resistance/ at the crossing
PSAR: Resistance

Checklist:

Last MACD 0 crossing: down
Lat EMA alert arrow: down
Last DB attachment: bottom, 127.489
Fibo: green and up

Notes: 4hm turning down against romar resistance, with purple about to cross ema down. Market currently retracing tup. And is around 90 pips away from purple. Psar flipped to resistance on this current candle after a sharp 150 pip move down yesterday.


4HR:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 crossing: down
Last DB attachment: bottom 127.489
Fibo: green and up

Notes: 4hm turned down with db sar moving together back in the downtrend. We have both gold and LSB divergence attached.


2HR:
Opening Price: 127.760
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Checklist:

Last MACD 0 crossing: down
Lat EMA alert arrow: down
Last DB attachment: 127.489
Fibo: green and up

Notes: 4hm consolidating down with purple crossing white at a steep angle up aftermarket retraced to psar resistance.

1HR:

ROMAR: Resistance
EMA: Resistance
PSAR: Support

Checklist:

Last MACD 0 crossing: up
Lat EMA alert arrow: up (same bar)
Fibo: green and up

Notes: h1 turning up with purple about to cross ema.


Final Notes: h1 turning up h2 turning up, h4 turned down daily turned down. We are in a downward consolidation with a current retrace up. I will wait for h4 sar to show up as a confluence , or ema hit along with other confluences to enter a short provided nothing changes.
  • #14,603
  • Nov 12, 2018 11:06pm Nov 12, 2018 11:06pm
Quoting Romar
Trading plan: 08:00 candle server time Red news : none Daily: ROMAR - Resistance EMA - Support PSAR - Support FIBO - UP Notes: Market opened below EMA, SMOOTH PURPLE near by for the cross. 4 HR: ROMAR - Support EMA - Resistance PSAR - Resistance FIBO - DOWN Notes: Everything is pointing down, with DB/SAR bottom with both divergence and almost at FIBO red 100. 2 HR: ROMAR - Support EMA - Support PSAR - Support FIBO - DOWN Notes: Everything is pointing down, DBSAR attach bot at FIBO 0 red with both Divergence. 1 HR: ROMAR - Resistance EMA - Resistance...
Entry: Short - I don't want to overthink things (like I always to do), I went with my plan. SAR detach itself from bottom to connect top at the H2 Parabolic resistance and my target is going to the south in a downtrend + there is more than than 40 pips to the bottom. H4 everything pointing down. Daily Parabolic flipped for the down but not set in stone and market out of balance ( is my trade at risk because of Daily out of balance?, we'll see and learn).
*** late on my entry by 6 pips. ***

Attached Image (click to enlarge)
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  • #14,604
  • Nov 13, 2018 12:04am Nov 13, 2018 12:04am
I am extremely new to this system and I questioned whether I should take my entry that I had said was at the daily 128.32 sar for a short with plenty of other confluences in that area. I waited until closer to the end of the 2h candle to close to enter due to the 2h ema turning into support after the prior bar closing above it. I hope Dove that with entering with a bounce off the parabolic 2h resistance was correct even though the ema support was there. I am short @ 128.15 with plenty of room down to collect 40 pips before the 2h sar support.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY1.PNG Size: 53 KB
  • #14,605
  • Nov 13, 2018 12:24am Nov 13, 2018 12:24am
Quoting bigpipin1
I waited until closer to the end of the 2h candle to close to enter due to the 2h ema turning into support after the prior bar closing above it. {image}
What?!

You need to study more. EMA doesn't become support when candle closes above it
  • #14,606
  • Nov 13, 2018 12:44am Nov 13, 2018 12:44am
Quoting dove_alliance
{quote} OK Deha - from now on you post your Trading Plan ONLY. After you have executed your trade save it in file with your entry chart. When the trade is completed then you Post your execution chart showing the entry with your self-evaluation. Give a complete reasoning for your trade along with the rules applying to your entry. Do you understand what I am asking? You are still having problems with the rules.
Ok master I will absolutely listen your recommendations. Last 2 weeks, most of my trades hit TP and i supposed that finally, I learnt how to trade with Paradox. Thanks to God, i learnt that i just got lucky with your evaluations. Thank you so much for everything again and again.
  • #14,607
  • Nov 13, 2018 12:46am Nov 13, 2018 12:46am
I listened Dove's advice and here is my trade today.

Trading plan 13/11/2018
Economic news : No red news

Daily
ROMAR - resistance
EMA - support
Parabolic - resistance (eliminated)

Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - top at 130.137
Last SAR Attachment - down at 127.641
Fibonacci - green
Notes: Market is unbalanced and there is 140 pips way to hit purple resistance and 180 pips way to hit romar resistance.

H4
ROMAR - resistance
EMA - resistance
Parabolic - resistance

Checklist:
Last DB Attachment - down at 127.641
Fibonacci - green
Notes : 4horseman is down. Ema crossed romar for down. Both divergence attached DB at the bottom. Next attachment will be at the top.

H2
ROMAR - resistance
EMA - resistance
Parabolic - resistance

Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - down at 127.641
Fibonacci - green
Notes: 4horseman is down. Ema and parabolic is holding trend down. Market is moving under romar resistance around 140 pips. Both divergence attached down with DB so next DB/SAR will be at the top.

H1
ROMAR - resistance
EMA - resistance
Parabolic - resistance

Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Notes: 4horseman is down with romartrend.


FİNAL NOTES: Market is in full blown downtrend on H1&H2 and H4 but EMA is still support on d1 so generally we are in consolidation and trade can acceptable both way. In the moment, i am talking about 17.00 EST candle, market has 140 pips way to hit purple resistance on d1. Market moved 130 pips down from romar resistance on h2&h4. What about on h1? The same… Market has 100 pips way to hit romar resistance on h1. EST 17.00 candle opened at 127.700 on h2. Ema and Fibo 38.2 are resistances at 128.550 on h4 so i have 85 pips way until strong resistance on h4. Fibo 23.6 and ema are resistances at 128.250 on h2 so market has 55 pips way to hit strong resistances. Shortly, as we can see that market is in unbalanced. That’s why, i will looking for long from bottom because resistances are not close to go short.

Entry: Entered long with opening daily new candle.

Attached Image (click to enlarge)
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Evaluation: TP hit less than 4 hours. I think it was not excellent trade because market went down 15 pips against my entry but i was safe with 40 pips stop. I took a long from bottom. I tried to follow the rules for scenario of unbalanced market . Why my trade wasn't excellent? Because i could wait opening new candle over smooth with purple white crossing on h1.

I opened new demo account 4 days ago, because previous one was expired. So here is my results of new demo account. I know one day Dove will say that you are ready to open live account but i will trade on demo untill that time.

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  • #14,608
  • Nov 13, 2018 1:09am Nov 13, 2018 1:09am
Quoting timetolearn
I listened Dove's advice and here is my trade today. Trading plan 13/11/2018 Economic news : No red news Daily ROMAR - resistance EMA - support Parabolic - resistance (eliminated) Checklist: Last MACD 0 Crossing - down Last EMA Alert Arrow - down Last DB Attachment - top at 130.137 Last SAR Attachment - down at 127.641 Fibonacci - green Notes: Market is unbalanced and there is 140 pips way to hit purple resistance and 180 pips way to hit romar resistance. H4 ROMAR - resistance EMA - resistance Parabolic - resistance Checklist: Last DB Attachment...
That was risky don't you think.
  • #14,609
  • Nov 13, 2018 1:17am Nov 13, 2018 1:17am
Quoting SuchParadox
{quote} That was risky don't you think.
Try to read post #13164 to the next page, I believe we are in a similar scenario.
Please I may be wrong, do not take my word for it. This is just a suggestion.
  • #14,610
  • Nov 13, 2018 4:04am Nov 13, 2018 4:04am
Quoting Romar
{quote} Entry: Short - I don't want to overthink things (like I always to do), I went with my plan. SAR detach itself from bottom to connect top at the H2 Parabolic resistance and my target is going to the south in a downtrend + there is more than than 40 pips to the bottom. H4 everything pointing down. Daily Parabolic flipped for the down but not set in stone and market out of balance ( is my trade at risk because of Daily out of balance?, we'll see and learn). *** late on my entry by 6 pips. *** {image}
I read your daily plan and here is my thoughts my friend. SAR attached parabolic on H2 and you took a short from resistance at 128.200 but romar was resistance at 128.600 on H1 and ema was resistance at 128.500 on H4. Your trade can hit TP but market can go against you 30 or 40 pips. It means your trade was risky. If i didn't take a long from the bottom, i would enter short with white arrow. Why? Because, EMA slider just over purple, when you look at 4horseman on H2. Moreover, magenta divergence attached DB at the top. SAR attached ema resistance at 128.399 on H4 and last low was at 127.489 on H2. It means market has 90 pips way to go down. The rule is one trade per day so i am not going to take a trade untill EST 17.00.

Attached Image (click to enlarge)
Click to Enlarge Name: sell iki.png Size: 48 KB


I am just a student like you and this is my observation. Hope that helps.
Deha
  • #14,611
  • Nov 13, 2018 6:54am Nov 13, 2018 6:54am
Quoting timetolearn
{quote} I read your daily plan and here is my thoughts my friend. SAR attached parabolic on H2 and you took a short from resistance at 128.200 but romar was resistance at 128.600 on H1 and ema was resistance at 128.500 on H4. Your trade can hit TP but market can go against you 30 or 40 pips. It means your trade was risky. If i didn't take a long from the bottom, i would enter short with white arrow. Why? Because, EMA slider just over purple, when you look at 4horseman on H2. Moreover, magenta divergence attached DB at the top. SAR attached ema resistance...
Hello Deha,
I really appreciate you for taking the time explaining your view, and the advice given my friend.

Will.
  • #14,612
  • Nov 13, 2018 10:34am Nov 13, 2018 10:34am
Trading plan 13/11/2018
Economic news : Medium USD 17:00 FOMC Member Brainard Speaks
Daily
ROMAR - resistance
EMA – resistance
Parabolic - resistance
Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - down at 127,489
Last SAR Attachment – down at 127,489
Fibonacci - green
Notes: 4 HM turning down, EMA almost cross purple for down but not yet, PSAR just flipped for down, there is space to go north and south.
H2
ROMAR - resistance
EMA - support
Parabolic - support
Checklist:
Last MACD 0 Crossing – up
Last EMA Alert Arrow - up
Last DB&SAR Attachment – up at 128,399
Fibonacci - green
Notes: 4 HM going up, EMA crossed purple and became support, PSAR flipped one candle ago for up
H1
ROMAR - resistance
EMA - support
Parabolic – support
Checklist:
Last MACD 0 Crossing - up
Last EMA Alert Arrow - up
Notes: 4HM going up, BB holding resistanse
FİNAL NOTES: Daily and 2H are not in sync – consolidation. H1 & H2 are in sync so it is good for a trade. Buy from purple support. There is enough space to Romar on H2 for 40 pips.
ENTRY: Long from purple support at 128.266
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 198 KB

Self evaluation: My first win using Paradox rules. There was some concern that H1 Romar resistance was below my TP and I could have waited for a hit on that H2 Ema support.
Attached Image (click to enlarge)
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Someone with more expirience please comment
  • #14,613
  • Nov 13, 2018 10:43am Nov 13, 2018 10:43am
Quoting Romar
{quote} Entry: Short - I don't want to overthink things (like I always to do), I went with my plan. SAR detach itself from bottom to connect top at the H2 Parabolic resistance and my target is going to the south in a downtrend + there is more than than 40 pips to the bottom. H4 everything pointing down. Daily Parabolic flipped for the down but not set in stone and market out of balance ( is my trade at risk because of Daily out of balance?, we'll see and learn). *** late on my entry by 6 pips. *** {image}
Result: -40, SL HIT.
Self-Evaluation:
When I entered there was not enough confluence on the other chart to short yet, plus the Daily was out of balance by 140 pips, and I believe that was a major risk going short before a RE-balance, and not having enough confluences to short. Now the Daily is re-balancing itself, the H2 is targeting ROMAR with DB reconnecting with SAR.
Why I lost; Not enough patience, not seeing the bigger picture of what is to come, and lack of knowing all the rule by heart so I can't apply them correctly. Must go back and study.

See you guys tomorrow - can't stop won't stop mentality TURNED ON,
Will.
  • #14,614
  • Nov 13, 2018 11:11am Nov 13, 2018 11:11am
Quoting sharoonas
Trading plan 13/11/2018 Economic news : Medium USD 17:00 FOMC Member Brainard Speaks Daily ROMAR - resistance EMA – resistance Parabolic - resistance Checklist: Last MACD 0 Crossing - down Last EMA Alert Arrow - down Last DB Attachment - down at 127,489 Last SAR Attachment – down at 127,489 Fibonacci - green Notes: 4 HM turning down, EMA almost cross purple for down but not yet, PSAR just flipped for down, there is space to go north and south. H2 ROMAR - resistance EMA - support Parabolic - support Checklist: Last MACD 0 Crossing – up Last EMA Alert...
This trade is not legitimate as you must post your trading plan first before your entry. When you create your H2 chart entry it must be posted at the time of entry. Then - after the trade is completed you must post a self-evaluation. That is 3 postings on one trade.

Now - you also must create a complete trading plan in which you did not do. Go back and study in creating trading plans
The Dove - Forex Trainer
  • #14,615
  • Nov 13, 2018 11:23am Nov 13, 2018 11:23am
Quoting dove_alliance
{quote} This trade is not legitimate as you must post your trading plan first before your entry. When you create your H2 chart entry it must be posted at the time of entry. Then - after the trade is completed you must post a self-evaluation. That is 3 postings on one trade. Now - you also must create a complete trading plan in which you did not do. Go back and study in creating trading plans
Comment noted. Will be back with correct 3 posts on a trade.
  • #14,616
  • Nov 13, 2018 11:25am Nov 13, 2018 11:25am
Quoting Romar
{quote} Result: -40, SL HIT. Self-Evaluation: When I entered there was not enough confluence on the other chart to short yet, plus the Daily was out of balance by 140 pips, and I believe that was a major risk going short before a RE-balance, and not having enough confluences to short. Now the Daily is re-balancing itself, the H2 is targeting ROMAR with DB reconnecting with SAR. Why I lost; Not enough patience, not seeing the bigger picture of what is to come, and lack of knowing all the rule by heart so I can't apply them correctly. Must go back...
Your mistake is not looking at the whole picture. On your H2 you had the Green EMA arrow up and then when you pulled the trigger for a short you had the MACD arrow up. So - that was a signal for a long.
The Dove - Forex Trainer
  • #14,617
  • Nov 13, 2018 11:44am Nov 13, 2018 11:44am
One thing I have noticed on entry charts being posted is the lack of the rules being applied with the entry. That is mandatory in showing the rules for entries when you post your entry. The reason for being mandatory is learning the correct rules for your entries. So for now on be sure you apply the rules.
The Dove - Forex Trainer
  • #14,618
  • Nov 13, 2018 11:47am Nov 13, 2018 11:47am
Quoting dove_alliance
One thing I have noticed on entry charts being posted is the lack of the rules being applied with the entry. That is mandatory in showing the rules for entries when you post your entry. The reason for being mandatory is learning the correct rules for your entries. So for now on be sure you apply the rules.
So we understand what is mandatory is you write the rules for your entry when you post your H2 entry chart.
The Dove - Forex Trainer
  • #14,619
  • Nov 13, 2018 11:48am Nov 13, 2018 11:48am
Quoting dove_alliance
{quote} Your mistake is not looking at the whole picture. On your H2 you had the Green EMA arrow up and then when you pulled the trigger for a short you had the MACD arrow up. So - that was a signal for a long.
Aye sir, will go back and re-read about EMA MACD arrows again. (page 459, if anyone is interested)

Have a nice day and thank you for your time,
Will.
  • #14,620
  • Nov 13, 2018 2:25pm Nov 13, 2018 2:25pm
I am new to Paradox,downloaded all indis and installed ,setup with no problems at all,instructions are clear as daylight.Application and discipline
Mr. dove_alliance......much respect to you,I have never seen a system like this so powerful and full of confluence,this is time worth spending on such a study.

God bless you and continue your good work.
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