The Paradox System | Page 738 | 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

  • #14,741
  • Nov 25, 2018 11:53pm Nov 25, 2018 11:53pm
Quoting bigpipin1
{quote} My snipping tool when I used it, I only grabbed the trade screen not the whole screen, I will provide that extra view in my shot from now on. And I want to clarify that when I placed my trade I had not placed my stop and tp at the same time and had to go back to add it but rest assured I am listening to every word you speak, I am the student and not the master trader I will place those values before I pull the trigger every time. Thank you for your teachings.
All you have to do is right click on the chart - scroll - and click Save As Picture and then save it in your folder.
The Dove - Forex Trainer
  • #14,742
  • Nov 26, 2018 2:02am Nov 26, 2018 2:02am
Trading plan: 08:00 candle server time
Red news : EUR, Draghi Speak.

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
FIBO - UP
Notes:
SAR is showing top at FIBO 61.8, also the top of the range is FIBO 61.8.

4 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
FIBO - UP
Notes:
SAR showing top at FIBO 61.8 + ROMAR.

2 HR:
ROMAR - Resistance
EMA - Support
PSAR - Support
FIBO - UP
Notes:
SAR showing top at FIBO 61.8 + ROMAR. EMA PURPLE cross for the up.

1 HR:
ROMAR - Support/resistance
EMA - SUPPORT
PSAR - SUPPORT
Notes:
Notice ROMAR PURPLE cross.

Final Notes for all four charts:
Currently consolidating/ranging, last Friday the market made the 5th bottom of the range (not sure if November 14th 18:00 candle count as a bottom), and the top of the range is at the daily FIBO 61.8.
Coming off the bottom of the range, right now H2/H4 is around the FIBO 61.8 with only the SAR showing. I would short because of H2/H4 SAR confluencing with the FIBO 61.8, but what worries me is the space between now to the top of the range meaning DB connecting with SAR going to the top of the range.

Projected Entry:
Wait.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #14,743
  • Nov 26, 2018 2:02am Nov 26, 2018 2:02am
EURJPY Date: 26/11/18

News:10:00 pm (gmt+8) ECB Draghi speak (EUR)

Daily
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Check List:
Last MACD 0 Cross: Down
Last EMA arrow: Down

Notes: Daily is still showing a downtrend with all EMA, PSAR and ROMAR holding resistance

4 HR:

ROMAR: Resistance
EMA: Resistance
PSAR: Resistance (eliminated)

Notes: Purple crossed white so PSAR was eliminated

2 HR:
OPEN PRICE: 128.027

ROMAR: Resistance
EMA: Support
PSAR: Support

Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: Up
Last DB/SAR Attachment: SAR on top at 128.713, DB at the bottom at 127.803
Fibo up or down: fibo is up

Notes: After the fibo flip, market turned around with purple crossed EMA and EMA becomes support. PSAR flipped and sync with H1 as support. EMA and MACD showed up in correct order with all 4 HMs are up

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

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

Notes: All 4 HMs are up with purple already crossed ROMAR.

Final Notes: Market moved up during Asian market with H1 up, H2 up, H4 starting to move up with purple crossed white and Daily chart still in the downtrend with PSAR holding tight resistance now.

Entry:Missed an opportunity to go long in the asian market, I will look for a chance to enter long from support providing that I have enough pips to Daily PSAR as market failed to break Daily PSAR a few times last week.
  • #14,744
  • Nov 26, 2018 6:47am Nov 26, 2018 6:47am
Quoting eyesonme
EURJPY Date: 26/11/18 News:10:00 pm (gmt+8) ECB Draghi speak (EUR) Daily ROMAR: Resistance EMA: Resistance PSAR: Resistance Check List: Last MACD 0 Cross: Down Last EMA arrow: Down Notes: Daily is still showing a downtrend with all EMA, PSAR and ROMAR holding resistance 4 HR: ROMAR: Resistance EMA: Resistance PSAR: Resistance (eliminated) Notes: Purple crossed white so PSAR was eliminated 2 HR: OPEN PRICE: 128.027 ROMAR: Resistance EMA: Support PSAR: Support Check List: Last MACD 0 crossing: up Last EMA Alert Arrow: Up Last DB/SAR Attachment: SAR...
Edit: Market going straight to Daily 61.8 fibo given me no chance to enter long. It retraced back right after that point with purple at white for crossing in H1 chart so I decide to go short at this open candle with the rule as below

+ Market in ranging mode so trade from top to bottom for short
+ This trade is not a counter Romar trend trade as ROMAR is still resistance in H2
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 61 KB
  • #14,745
  • Nov 26, 2018 8:13am Nov 26, 2018 8:13am
Trading Plan 26 Nov 2018
Daily
Romar: Resistance
EMA: Resistance
PARABOLIC: resistance
4HRS: Down
Note : Daily in downtrend with romar, ema & parabolic as resistance. White at smooth with market in beetwen EMA & parabolic.
4HR
Romar: Resistance
EMA: Resistance
PARABOLIC: Support
4HRS: turning UP with purple heading to EMA.
2HR
Romar: Resistance
EMA: Support
PARABOLIC: Support
4HRS: UP, Purple crossing romar, EMA in proses for crossing ROMAR
Note : DB/SAR attached with sar price box @128.907 for the Uptrend, market retrace from DB/SAR for a momentum going long.
1HR
Romar: Support
EMA: Support
PARABOLIC: Support, eliminated
4HRS: purple crossing white in consolidation.

Final Note
I am looking for long trade, DB 2H confirm the Uptrend. Price retrace from the top, enter on a hit of resistance 4HRS. Market in beetwen parabolic & EMA Daily. 4HR PSAR flipped. 1H EMA & ROMAR already crosses changing the 1H trend. 2HR EMA is in progress for crossing ROMAR.
Open Long at opening Bar 14.00 server time.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 133 KB
  • #14,746
  • Nov 26, 2018 8:51am Nov 26, 2018 8:51am
Quoting dove_alliance
{quote} All you have to do is right click on the chart - scroll - and click Save As Picture and then save it in your folder.
I will do that, thank you for your help.
  • #14,747
  • Nov 26, 2018 12:47pm Nov 26, 2018 12:47pm
Quoting bigpipin1
{quote} I will do that, thank you for your help.
You are on the wrong server
We need to be on Demo 106
Being in Canada I also had this problem.
read post 13510 by St Wolf
It worked for me.

Ps Dove has said to never add anything to The Paradox
  • #14,748
  • Nov 26, 2018 8:23pm Nov 26, 2018 8:23pm
Quoting The-Force
{quote} You are on the wrong server We need to be on Demo 106 Being in Canada I also had this problem. read post 13510 by St Wolf It worked for me. Ps Dove has said to never add anything to The Paradox
Thank you for letting me know about the server I will check out the post and change it to the correct one. I appreciate your help!
  • #14,749
  • Nov 27, 2018 1:54am Nov 27, 2018 1:54am
Please if anyone can help me with this rule, I might read about it somewhere but completely forget about it.

If we have a trade running and has not been reached a TP or SL until the next day (24 hours since your last trading plan). Should I close that trade and continue with a new trading plan as usual or hold on to the trade until it is settled
  • #14,750
  • Nov 27, 2018 1:56am Nov 27, 2018 1:56am
Quoting eyesonme
Please if anyone can help me with this rule, I might read about it somewhere but completely forget about it. If we have a trade running and has not been reached a TP or SL until the next day (24 hours since your last trading plan). Should I close that trade and continue with a new trading plan as usual or hold on to the trade until it is settled
Keep your trade open, let it go to SL or TP. I believe thats the rule my friend.
  • #14,751
  • Nov 27, 2018 2:02am Nov 27, 2018 2:02am
Quoting Romar
Trading plan: 08:00 candle server time Red news : EUR, Draghi Speak. Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance FIBO - UP Notes: SAR is showing top at FIBO 61.8, also the top of the range is FIBO 61.8. 4 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance FIBO - UP Notes: SAR showing top at FIBO 61.8 + ROMAR. 2 HR: ROMAR - Resistance EMA - Support PSAR - Support FIBO - UP Notes: SAR showing top at FIBO 61.8 + ROMAR. EMA PURPLE cross for the up. 1 HR: ROMAR - Support/resistance EMA - SUPPORT PSAR - SUPPORT Notes: Notice ROMAR...
Entry: No entry.
Yesterday, I couldn't find an entry because the market was stuck between the new HL with DB (128.90) acting as resistance and ROMAR as support. Didn't have enough pip to go either way, so I waited for a breakout.
  • #14,752
  • Nov 27, 2018 2:21am Nov 27, 2018 2:21am
Trading plan: 08:00 candle server time
Red news USD, CB consumer confidence.

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
FIBO - UP
Notes:
SAR is showing top at FIBO 61.8, also the top of the range is FIBO 61.8. Parabolic acting as resistance again.

4 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - SUPPORT
FIBO - UP
Notes:
Last SAR is showing top. WHITE PURPLE cross.

2 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
FIBO - UP
Notes:
Last DB is showing top. 4HSM pointing down.

1 HR:
ROMAR - Support/resistance
EMA - SUPPORT
PSAR - SUPPORT
Notes:
4HSM pointing down

Final Notes for all four charts:
Currently ranging/consolidating. Yesterday H2 made an HL with DB attach (128.907). H2 4HSM is pointing down. Daily's Parabolic is holding resistance.

Entry: Short, open 8:00 candle.
Rule/confluence:
In a ranging market use DB/SAR to show us the highs and the lows.
H2 last DB attachment made a HL showing top next connection is to go to the bottom. H2 EMA PURPLE crossed + Parabolic flipped for the down. Also EMA arrow showing followed by MACD arrow for the down. Daily's Parabolic holding resistance once again.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #14,753
  • Nov 28, 2018 2:17am Nov 28, 2018 2:17am
Trading plan 28/11/2018
Economic news : red
Prelim GDP q/q
Fed Chair Powell Speaks
Daily
ROMAR - resistance
EMA - resistance
Parabolic - resistance
Last SAR Attachment -top at 129.93
Last DB Attachment - down at 127.489
Fibonacci - green
H4
ROMAR - resistance
EMA - resistance
Parabolic - resistance
Checklist:
Last SAR Attachment - down at 127.373
Fibonacci -green
H2
ROMAR – resistance
EMA - resistance
Parabolic – resistance
Checklist:
Last DB Attachment - down at 127.349 with the Standard Divergence
Last SAR Attachment –down at 127.369
Fibonacci – green.
H1
ROMAR - - resistance
EMA - - resistance
Parabolic - resistance
Fibo – green
FİNAL NOTES: Market is downtrand
Attached Image (click to enlarge)
Click to Enlarge Name: Ð2 28,11,2018.JPG Size: 202 KB
Either I will find a way, or I will make one...
  • #14,754
  • Nov 28, 2018 2:46am Nov 28, 2018 2:46am
Quoting eyesonme
{quote} Edit: Market going straight to Daily 61.8 fibo given me no chance to enter long. It retraced back right after that point with purple at white for crossing in H1 chart so I decide to go short at this open candle with the rule as below + Market in ranging mode so trade from top to bottom for short + This trade is not a counter Romar trend trade as ROMAR is still resistance in H2 {image}
Well after 2 days waiting I got my first winning trade with the paradox, however I don't think it's a valid trade according to the rule as I was holding this position through 2 RED USD news.

I will put more time and effort into learning this paradox.
  • #14,755
  • Nov 28, 2018 8:36am Nov 28, 2018 8:36am
Quoting Romar
Trading plan: 08:00 candle server time Red news USD, CB consumer confidence. Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance FIBO - UP Notes: SAR is showing top at FIBO 61.8, also the top of the range is FIBO 61.8. Parabolic acting as resistance again. 4 HR: ROMAR - Resistance EMA - Resistance PSAR - SUPPORT FIBO - UP Notes: Last SAR is showing top. WHITE PURPLE cross. 2 HR: ROMAR - Support EMA - Resistance PSAR - Resistance FIBO - UP Notes: Last DB is showing top. 4HSM pointing down. 1 HR: ROMAR - Support/resistance EMA - SUPPORT PSAR...
Result: B/E, Closed 5 min before the news.
Self-evaluation
This was not an entry to start with because this wasn't a breakout this is just the market moving sideways making HL and LH inside the FIBO. Notice the Daily open candle of my entry opened above EMA and it starts to move sideways/consolidate. I need to study and understand the impact of the Daily to the other charts.
Also there is the G20 meeting this weekend, this may cause the market go sideways. Please guys don't take my word for it as I am still a newbie.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
  • #14,756
  • Nov 28, 2018 1:59pm Nov 28, 2018 1:59pm
You traders going short and every which way but loose are not paying attention. On the H2 you have the 23.6 as resistance and the 61.8 of a Red Fibo holding Support. You guys continue to trade from center and finding yourselves in no man's land. You continuously getting the SAR swinging with the DB for the reversals in a ranging mode searching for a breakout. You finally got one with the DB/SAR connected at the 61.8 and it was show time for a breakout with the Green/MACD Arrows to the Daily ROMAR with the 38.2 holding support on the Daily. Keep trading from center and you will keep on losing. As I have said from the very beginning; "The Paradox is all about SUPPORT AND RESISTANCE". Not from center.

I really don't believe in not seeing a long trade posted with the SAR/DB connection at the 61.8. As I have said - If the market is going through center between the 23.6 and the 61.8 then you have support and resistance. They both are very hard to break and will hold until you get a breakout with DB/SAR connected on the same bar with the H2 chart. As you can see - that finally happened with confluence at the 61.8, SAR. and the DB.
The Dove - Forex Trainer
  • #14,757
  • Nov 28, 2018 2:07pm Nov 28, 2018 2:07pm
One other thing - I am tired in seeing charts not set up properly. You guys are posting charts with the WRONG spread AND RESOLUTION on your charts. Which means the Fibo is NOT SET UP CORRECTLY.
The Dove - Forex Trainer
  • #14,758
  • Edited 2:43pm Nov 28, 2018 2:18pm | Edited 2:43pm
All you Traders take a very close look at my chart. If your chart does not look exactly like mine; then your set up is not right. If your chart does NOT look like this, then do not post another trading plan until it does.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 77 KB
The Dove - Forex Trainer
  • #14,759
  • Nov 28, 2018 2:23pm Nov 28, 2018 2:23pm
And if you do not know how to set it up correctly then find it on this thread.

And I will appreciate that any other trader does not spoon feed anyone with links in where to find the set up. It is time traders learn to start studying.
The Dove - Forex Trainer
  • #14,760
  • Nov 28, 2018 2:34pm Nov 28, 2018 2:34pm
What most of you are not finding is there are no other system in the world greater than The Paradox. The Paradox is 100% correct at all times. Never wrong provided you set up the system as was instructed. That includes adding or taking away anything that is on your Paradox charts.
The Dove - Forex Trainer
4 traders viewing now