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The Paradox System

  • #14,641
  • Nov 15, 2018 4:00am Nov 15, 2018 4:00am
@Dove - read this forum today (at least the first 200 or so posts). Downloaded the zips this evening when I got home (I'm in Canberra, Aus). Followed instructions. Created a GBPUSD just as a trial in my Demo account. Pulled the trigger on my first trade when the 2hr SAR flipped to a sell - immediate winner 20 pips (I followed your 20/40 rule.

Been "trading" for about 6 years and have blown account several times (once for USD$8000+). I was beginning to think that there was no chance of making a profit in the FX market. Been sold a few "systems" that all failed. Like some of the others here I am older (64) and looking for a way to sustain an income post retirement.

At this stage I can only say that I may have found it. I won't bore everyone with details of my trading but if I have 7 winners in the next 9 trades in my demo account I will definitely let you know and switch to live trading of this remarkably simple and clear system. Can I also say that I don't understand why so many on this forum seem to have difficulty with the process - trade off S&R. Capture the direction changes. Clear entry and exit points - couldn't be easier.

Thanks
Bryan
  • #14,642
  • Nov 15, 2018 7:59am Nov 15, 2018 7:59am
Trading plan 15/11/2018
Economic news : Fed Chair Powell 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
Fibonacci - green
Notes: 4horsemen down. Market is moving between ema resistance and fibo 23.6 support.

H4
ROMAR - resistance
EMA - resistance
Parabolic - resistance

Checklist:
Last DB Attachment - down at 127.789.
Fibonacci - green
Notes : 4horseman turned own. Market hit romar resistance and blue divergence attached DB at the bottom.

H2
ROMAR - resistance
EMA - resistance
Parabolic - resistance

Checklist:
Last MACD 0 Crossing - down
Last EMA Alert Arrow - down
Last DB Attachment - top at 127.789.
Fibonacci - red
Notes: 4horseman is down. Both divergence attaced at the bottom. Market didn’t hit fibo 100.

H1
ROMAR - resistance
EMA - resistance
Parabolic - resistance

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

FİNAL NOTES: Market is in full blown downtrend on all chart. So i will take a trade for downtrend scenario. Romar is resistance on all chart. Market hit BB downer band and retraced to EMA resistance on h2. Shortly, everything is pointing down so i will loking for short from resistance.

Entry: Market hit smooth on h1 and entered short.

Attached Image (click to enlarge)
Click to Enlarge Name: entry chart.png Size: 52 KB


Evaluation: Tp hit less than 2 hours. I think it was very good trade. After market hit BB downer band, i just wanted to wait for retracement to resistance. What was the rule for full blown downtrend scenario? The rule was wait for market hit smooth on h1 then take a short. I checked every chart and saw that there is no risk to go short. Market hit smooth resistance on h1 and purple resistance on h2 and i entered short. As a result, tp hit so quick.

Here is the result.

Attached Image (click to enlarge)
Click to Enlarge Name: lplp.png Size: 3 KB


Best regards
Deha
  • #14,643
  • Nov 15, 2018 8:40am Nov 15, 2018 8:40am
Quoting GreyBeard
@Dove - read this forum today (at least the first 200 or so posts). Downloaded the zips this evening when I got home (I'm in Canberra, Aus). Followed instructions. Created a GBPUSD just as a trial in my Demo account. Pulled the trigger on my first trade when the 2hr SAR flipped to a sell - immediate winner 20 pips (I followed your 20/40 rule. Been "trading" for about 6 years and have blown account several times (once for USD$8000+). I was beginning to think that there was no chance of making a profit in the FX market. Been sold a few "systems" that...
You join this thread 16 hours ago with a new username so apparently you know who I am. But the rule is 40/40 for a winning trade; not 20/40. And posting trades without a trading plan means nothing to me.
The Dove - Forex Trainer
  • #14,644
  • Nov 15, 2018 12:05pm Nov 15, 2018 12:05pm
I was curious to know if anyone can answer this question for me, attached below a pic of one of Doves lessons, it says that the ema is support but wouldnt the ema have to cross back under purple to resume the uptrend for it to be support again? Just wanted to know for my own personal notes. Thank you

2 HOUR CHART:
Opening: 122.848
ROMAR: Support
EMA: Support
Parabolic: Resistance
NOTES: The market opened on top of ROMAR support with EMA on top of Smooth/White in a consolidated shallow swing. The parabolic is also holding resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: H2_12-01.JPG Size: 22 KB
  • #14,645
  • Nov 15, 2018 1:43pm Nov 15, 2018 1:43pm
Quoting bigpipin1
I was curious to know if anyone can answer this question for me, attached below a pic of one of Doves lessons, it says that the ema is support but wouldnt the ema have to cross back under purple to resume the uptrend for it to be support again? Just wanted to know for my own personal notes. Thank you 2 HOUR CHART: Opening: 122.848 ROMAR: Support EMA: Support Parabolic: Resistance NOTES: The market opened on top of ROMAR support with EMA on top of Smooth/White in a consolidated shallow swing. The parabolic is also holding resistance. {image}
Post 4084

RTM
  • #14,646
  • Nov 15, 2018 1:51pm Nov 15, 2018 1:51pm
Thank you Pandakker, Im only at page 83, I appreciate you posting the post # for me.

Cheers
  • #14,647
  • Edited 7:39pm Nov 15, 2018 7:22pm | Edited 7:39pm
I thought I would take a few moments and show all the entries that are not being posted. So lets take a trading plan for each of the entries:
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2_MISSED ENTRIES.png Size: 76 KB

First entry on a trading plan looking into the future in the moment:
You had the DB/SAR attached with the Standard Divergence that open above ROMAR. What is that telling you? It is telling you the Hidden divergence is behind the Standard with ROMAR as resistance and the SAR is also attached for a retrace (pullback) to the Parabolic. What is the reason? The reason is to expose the Hidden divergence by getting above the DB/SAR, and the Standard Divergence. And the Paradox did exactly as it said it would. It retraced to the Parabolic with the SAR for an entry going long.

Second Entry on a trading plan looking into the future in the moment:
You have The DB/SAR, and both Divergence for an entry going short. This is confluence.

Third Entry on a trading plan looking into the future in the moment:
You have an open bar above ROMAR Resistance with the Parabolic hit for an entry going short.

Forth Entry on a trading plan looking into the future in the moment:
You have a bar connect with the Standard and Hidden Divergence below the Parabolic. That means you need a retrace (pullback) from Resistance to expose the Hidden divergence. And because the SAR is on top means you must wait on the Parabolic resistance hit for an entry; in which your third entry happened.

Don't you wish you had my knowledge and wisdom. Well traders - you can have what I know. All you need to do is study every single little thing about the paradox as I had done.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2_MISSED ENTRIES_1.png Size: 77 KB
The Dove - Forex Trainer
  • #14,648
  • Nov 15, 2018 7:35pm Nov 15, 2018 7:35pm
I had to re-write the second entry because I was getting ahead of myself.
The Dove - Forex Trainer
  • #14,649
  • Nov 15, 2018 8:10pm Nov 15, 2018 8:10pm
Thank you for posting areas of entries Dove I hope with lots of studying one day they will come as easily to me as they do for you.

DAILY CHART: 11/15/18
ROMAR:Resistance
EMA:Resistance
PARABOLIC:Resistance
NOTES: Purple crossed ema down with smooth crossing white to continue the downtrend

2 HOUR CHART:
OPENING:128.661
ROMAR:Resistance
EMA: Support
PARABOLIC: Support
NOTES: 2H is in consolidation with purple crossing ema with the four horsemen in an uptrend. Macd and ma signals are in sync with trading long on the 2H. DB is trending with the short term uptrend
Rules for consolidation:
a: The 2 hour is your trading/trend chart.
b: Use the Daily Chart S/R as reference for consolidation.
c: You can trade either short or long in consolidation.
d: Trade from resistance to support and vice-versa. Do not trade from center in consolidation.
e: Both upper and lower bands are resistance and support in consolidation.

1 HOUR CHART:
ROMAR:Support
EMA:Support
PARABOLIC:Eliminated
NOTES:White crossed over purple eliminating Parabolic support, price is swing back to support for possible short term trend continuation
FINAL NOTES: There is room on the daily chart to long on the 2H to Romar for 40 pips.The Ema on the 1H is @ 128.66 is in confluence with the 2H purple, That is where I will look for a long off the 2H chart.

My entry hit just as I was posting my trading plan.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy2.PNG Size: 43 KB
  • #14,650
  • Nov 15, 2018 8:40pm Nov 15, 2018 8:40pm
Quoting dove_alliance
I thought I would take a few moments and show all the entries that are not being posted. So lets take a trading plan for each of the entries: {image} First entry on a trading plan looking into the future in the moment: You had the DB/SAR attached with the Standard Divergence that open above ROMAR. What is that telling you? It is telling you the Hidden divergence is behind the Standard with ROMAR as resistance and the SAR is also attached for a retrace (pullback) to the Parabolic. What is the reason? The reason is to expose the Hidden divergence...
Thanks so much Dove for showing these possible entries that helps a lot in my learning process.

One thing I'm still not sure about the hidden divergence entries (second and forth), will we wait for the new candle open to enter or we just jump in right at the moment when the hidden divergence showing up.

Just wish I could come into the thread earlier
  • #14,651
  • Nov 15, 2018 8:46pm Nov 15, 2018 8:46pm
Quoting bigpipin1
Thank you for posting areas of entries Dove I hope with lots of studying one day they will come as easily to me as they do for you. DAILY CHART: 11/15/18 ROMAR:Resistance EMA:Resistance PARABOLIC:Resistance NOTES: Purple crossed ema down with smooth crossing white to continue the downtrend 2 HOUR CHART: OPENING:128.661 ROMAR:Resistance EMA: Support PARABOLIC: Support NOTES: 2H is in consolidation with purple crossing ema with the four horsemen in an uptrend. Macd and ma signals are in sync with trading long on the 2H. DB is trending with the short...
To begin with you need to get the right template with the H4 chart. Secondly you need to apply the rules for all of your entry charts. I do not see any rules being apply for your entry.
The Dove - Forex Trainer
  • #14,652
  • Nov 15, 2018 8:51pm Nov 15, 2018 8:51pm
Quoting eyesonme
{quote} Thanks so much Dove for showing these possible entries that helps a lot in my learning process. One thing I'm still not sure about the hidden divergence entries (second and forth), will we wait for the new candle open to enter or we just jump in right at the moment when the hidden divergence showing up. Just wish I could come into the thread earlier
Until you are in the position of taking entries on a moving bar - which will take about 6 months - all entries are on an open bar. On an open bar you will get your 40.
The Dove - Forex Trainer
  • #14,653
  • Nov 15, 2018 10:12pm Nov 15, 2018 10:12pm
Quoting dove_alliance
I thought I would take a few moments and show all the entries that are not being posted. So lets take a trading plan for each of the entries: {image} First entry on a trading plan looking into the future in the moment: You had the DB/SAR attached with the Standard Divergence that open above ROMAR. What is that telling you? It is telling you the Hidden divergence is behind the Standard with ROMAR as resistance and the SAR is also attached for a retrace (pullback) to the Parabolic. What is the reason? The reason is to expose the Hidden divergence...
Thanks Dove..love these illustrations!
  • #14,654
  • Nov 15, 2018 10:57pm Nov 15, 2018 10:57pm
Quoting dove_alliance
{quote} To begin with you need to get the right template with the H4 chart. Secondly you need to apply the rules for all of your entry charts. I do not see any rules being apply for your entry.
Thank you for your guidance I will add the 4hr template and review rules for entries. I am a bit uncertain when you say " apply the rules for all entry charts" I thought the only entry chart when in consolidation is on the 2H, my apologies for not understanding.
  • #14,655
  • Edited 3:09am Nov 16, 2018 2:08am | Edited 3:09am
Trading plan: 08:00 candle server time
Red news : EUR, Draghi speak.

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
FIBO - UP
Notes:
Everything pointing down, last DB attachment is bot.

4 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
FIBO - UP
Notes:
Notice everything is in a downtrend in sync with the Daily.

2 HR:
ROMAR - Resistance
EMA - Support
PSAR - Support
FIBO - UP
Notes:
4HSM is going against ROMAR, last DB attachment is TOP.

1 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Notes:
H1 out of sync with H2. Notice EMA is above ROMAR.

Final Notes for all four charts:
Currently in a consolidation. Everything is out of sync.

Projected Entry:
After Draghi speak, will be looking for an entry.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
  • #14,656
  • Nov 16, 2018 6:18am Nov 16, 2018 6:18am
Quoting Romar
Trading plan: 08:00 candle server time Red news : EUR, Draghi speak. Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance FIBO - UP Notes: Everything pointing down, last DB attachment is bot. 4 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance FIBO - UP Notes: Notice everything is in a downtrend in sync with the Daily. 2 HR: ROMAR - Resistance EMA - Support PSAR - Support FIBO - UP Notes: 4HSM is going against ROMAR, last DB attachment is TOP. 1 HR: ROMAR - Support EMA - Resistance PSAR - Resistance Notes: H1 out of sync with H2....
Entry: Short @ 12:00 open candle.
Rule & confluences:
The H2 EMA arrow showing followed by MACD arrow for the down in sync with ROMAR trend + H2 EMA PURPLE is at the crossing for the down which puts every chart in sync for the down with the Parabolics.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 86 KB
  • #14,657
  • Nov 17, 2018 12:50am Nov 17, 2018 12:50am
Quoting Romar
{quote} Entry: Short @ 12:00 open candle. Rule & confluences: The H2 EMA arrow showing followed by MACD arrow for the down in sync with ROMAR trend + H2 EMA PURPLE is at the crossing for the down which puts every chart in sync for the down with the Parabolics. {image}

Result: -40 SL HIT
Self-evaluation:
I think I misread the market wrong, the market was ranging and I should mainly use the DB SAR/FIBO + the Divergence for the entry from the top to bottom or bottom to top. My entry was made from the center, I believe the right entry was from the top of DB going south or I needed wait for next DB/SAR connection.

Looking forward to trade next week have a nice weekend guys,
Will.
  • #14,658
  • Nov 17, 2018 1:49pm Nov 17, 2018 1:49pm
Quoting Romar
{quote} Result: -40 SL HIT Self-evaluation: I think I misread the market wrong, the market was ranging and I should mainly use the DB SAR/FIBO + the Divergence for the entry from the top to bottom or bottom to top. My entry was made from the center, I believe the right entry was from the top of DB going south or I needed wait for next DB/SAR connection. Looking forward to trade next week have a nice weekend guys, Will.
Yes Will - The market was ranging with your entry. In fact - that open bar you went short on had the previous bar showing the SAR attached for the next ranging going up.
The Dove - Forex Trainer
  • #14,659
  • Edited Nov 18, 2018 8:31am Nov 17, 2018 10:19pm | Edited Nov 18, 2018 8:31am
The Paradox

Looking into the Paradox I will expand the variables. The variables are what makes the Paradox work so well.

I’m sure you have noticed TWO swing indicators which are variables. One is named Paradox_SAR_ Swing (and we call it “SAR”) and the other is named Paradox_SwingHighLow (and we call this one “DB”) with Divergence.

DB is calculated between 5 to 7 trading days on 120, and the SAR is the actual swing with labels on the 120. The H4 and Daily are long term and used as reference.

One thing you have to always remember and that is the 120 is both the beginning (Alpha) and the ending (Omega). In short term it means everything begins on the 120 and everything ends on the 120. So all your trade entries begin with the 120 and your exits are with the 120. I know in time your trades will expand from the 40 a day to possibly 100 a day. And believe me; God will take you into that stage when He is ready.

The average range of the DB from connection to connection is roughly 400+ pips a week; and that my friends are not in a straight line. Which means the DB is swinging from higher/highs to lower/lows and vice-versa. That also means you are looking just over 15% of those 400 pips per day on profit.

These variables are very important because at each connection you should know where the next level will place itself. If the DB is connected from the bottom then you know the next connection is at the top, and vice-versa. All you need to do is be prepared for entry with the DB connection; especially when the market is ranging.

In this scenario you always know where the DB is set at. If it is High then the next level will be at the Low. But again – through this process you will continue having lower/low and higher/high with the Ranging Swings. With this insight helps you to set up on how you want to trade.

The Labels with the SAR consist of the higher/highs, lower/lows, higher/low, lower/high, double top, and double bottom. And with these Labels you also have patterns which are consistent with these elements.

If ROMAR is up on the 120 it will continue to create Higher/Highs and if ROMAR is down on the 120 it will continue to create Lower/Lows with each swing. On the lower/high and higher/low the market is consolidating and the SAR Labels are great entry points in swings.

Lets Look At The 3 Elements;

Becoming a successful trader can be achieved; provided 3 elements are conquered before you can even think of becoming successful.

Attitude:

Attitude is on top of the list. So what is attitude when it comes to trading?

a: the way you think and feel about someone or something
b: a feeling or way of thinking that affects a person's behavior
c: a mental position with regard to a fact or state
d: a feeling or emotion toward a fact or state
e: a negative or hostile state of mind
f: a cool, cocky, defiant, or arrogant manner in way of thinking

These definitions are all negative when it comes to trading – in fact – with anything in life. It is the very foundation of egotism. It is the attitude that takes control of your thinking and how you think. It is one’s thinking that takes them on an illusion of falsehood instead of facts.

A positive attitude is making changes from egotism to humility. It is a change in the way you think.

When it comes to trading; one’s thinking controls the outcome of a trade with other factors in which I will touch on with the 2nd and 3rd elements. When a trader thinks with biases, with frustrations, with analytical mind, and with lack of understanding, is on a path of uncontrolled emotions and fears.

Emotions:

a: obsolete
b: disturbance
c: a variation from the average or normal conditions

These definitions are also negative for a trader. They control an illusion of what your mind is thinking. The emotional effect of what is real and what is not. An emotion takes away everything as being a trader. Emotions takes away the most critical venue of being a trader – and that is focus. When you are emotional you have no insight, no flux of consciousness, and no foundation to see beyond the moment.

Fear:

False Evidence Appearing Real.

Fear is the most destructive element for a trader. It takes away the quality of being a trader. Fear of losing money, fear of making a decision, fear of changes, fear of making a trade with constant hesitations, and the list goes on. Fear is the element that brings everything down on top of you. It crushes any chance a trader has of being successful. Fear is not real; it is a false spirit filled with illusions.

All three of these elements control the very essence of your being. And you must conquer and become the victor over all three. These three elements destroy the core of one’s dreams.

Attitude, emotions, and fear are the three that controls the very foundation of being successful with anything in life. It leaves an emptiness of something missing. In essence – you are locked in a box of solitude looking for a way to fulfill your desires, your dreams, and your destiny. And the only way to be successful is to elevate above those things that is holding you back.
The Dove - Forex Trainer
  • #14,660
  • Nov 18, 2018 12:37am Nov 18, 2018 12:37am
Quoting dove_alliance
The Paradox Looking into the Paradox I will expand the variables. The variables are what makes the Paradox work so well. I’m sure you have noticed TWO swing indicators which are variables. One is named Paradox_SAR_ Swing (and we call it “SAR”) and the other is named Paradox_SwingHighLow (and we call this one “DB”) with Divergence. DB is calculated between 5 to 7 trading days on 120, and the SAR is the actual swing with labels on the 120. The H4 and Daily are long term and used as reference. One thing you have to always remember and that is the 120...
You are such a great writer, I love reading your teachings.

Thank you for your time and enjoy the rest of your weekend,
Will.
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