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Attachments: The Paradox System
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The Paradox System

  • #14,861
  • Edited 4:03am Dec 14, 2018 2:25am | Edited 4:03am
Hello FF,
I've been studying the Paradox on this tread for over 4 months and observing how the Paradox move bar to bar. So starting today, I am finally ready to post trading plans and will try to do so on a daily basis.
But before that, I would like to thank Dana for giving us this opportunity to become an Elite, and I am grateful for Dana's positive impact on my life.
Now let's get straight to business.

Session: London EUR/JPY
Red News: USD but not to be worry about.

Daily
Romar: Resistance
EMA: Support
Parabolic: Support
EMA last arrow: UP, MACD: UP

H4
Romar: Support
EMA: Support
Parabolic: Resistance

H2
Romar: Support
EMA: Resistance
Parabolic: Resistance
EMA last arrow: DOWN, MACD: DOWN (edited)

H1
Romar: Resistance
EMA: Resistance
Parabolic: Resistance

Daily (big picture) final note
The last DB attachment is on the December 4th candle and then the market swing up from December 5th to FIBO 61.8 resistance. Note the SAR showing and it "stop and reverse" after hitting 61.8 and now the market is at FIBO 23.6 support. Notice Parabolic is at 23.6 support and EMA PURPLE cross.
23.6 - 61.8 FIBS are strong level, and we could start ranging between them until one breaks.

H1 H2 H4 final note
H2 is showing a double bottom with the market piercing the lower BB support with H1. H4 market is at 61.8 support.

Market type
Consolidated up swing / Ranging.

Entry with rules/confluences.

  1. H2 FIBO flipped to green from red, and both H1 H2 is at the lower BB support. And H2 is showing a double bottom.
  2. H4 is at 61.8 support and the Daily is at 23.6 support with the Parabolic.
  3. H2 H4 standard Divergence with the DB connected at the bottom, so the market will go to resistance next.
  4. We have more than 40 pips gap before H2 Romar support/resistance (Romar Purple is at the crossing)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 76 KB
  • #14,862
  • Dec 14, 2018 3:57am Dec 14, 2018 3:57am
Guys, Can you please check my charts. Is it OK, I tried a lot of server for perfect chart as yours. At last I followed instruction of learn2fly member of thread
and opened on UK server Forex.comUK-Demo 106 of Forex broker.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 53 KB
Click to Enlarge Name: EURJPYH2.png Size: 58 KB
Click to Enlarge Name: EURJPYDaily.png Size: 66 KB
  • #14,863
  • Dec 14, 2018 7:06am Dec 14, 2018 7:06am
Quoting eyesonme
{quote} I decided to go short at this open candle with H2 PSAR flipped and Purple crossed EMA to turn it to resistance. Market opened below Fibo 23.8. I have more than 20 pips to H2 ROMAR to have at least a B/E trade and my SL is higher than the last fibo high. {image}
I have stated very clearly there is no B/E as the rule is 40/40. Also the rule states you pull out of your trade 5 minutes before a Red economic release. The rules are there for a reason and that is learning to become a professional trader and not a scalper. That Red release could have gone the opposite way and is dangerous to trade in a Red release. You counter-traded ROMAR on both the H2 and H4 and the Parabolic was not set in stone when you pulled the trigger.and that is breaking the rules. So your trade was no good.
The Dove - Forex Trainer
  • #14,864
  • Dec 14, 2018 7:07am Dec 14, 2018 7:07am
Quoting Iris2018
ТР +20 pips in half an hour Need to be more confident . The entrance was good and I could take +40 pips {image}
You too - breaking the rules and your trade was not good.
The Dove - Forex Trainer
  • #14,865
  • Dec 14, 2018 7:09am Dec 14, 2018 7:09am
Quoting Spidero
Guys, Can you please check my charts. Is it OK, I tried a lot of server for perfect chart as yours. At last I followed instruction of learn2fly member of thread and opened on UK server Forex.comUK-Demo 106 of Forex broker. {image} {image} {image}
This makes the third time I have told you need to fix your charts. You cannot trade with your charts not corrected.
The Dove - Forex Trainer
  • #14,866
  • Dec 14, 2018 7:13am Dec 14, 2018 7:13am
Quoting Spidero
Guys, Can you please check my charts. Is it OK, I tried a lot of server for perfect chart as yours. At last I followed instruction of learn2fly member of thread and opened on UK server Forex.comUK-Demo 106 of Forex broker. {image} {image} {image}
You have the right server - but your spread is not correct which is 40 bars with 39 showing and that has been stated many times in the beginning.
The Dove - Forex Trainer
  • #14,867
  • Dec 14, 2018 7:28am Dec 14, 2018 7:28am
Quoting dove_alliance
{quote} I have stated very clearly there is no B/E as the rule is 40/40. Also the rule states you pull out of your trade 5 minutes before a Red economic release. The rules are there for a reason and that is learning to become a professional trader and not a scalper. That Red release could have gone the opposite way and is dangerous to trade in a Red release. You counter-traded ROMAR on both the H2 and H4 and the Parabolic was not set in stone when you pulled the trigger.and that is breaking the rules. So your trade was no good.
Thank you Sir, I will remember this and will not trade against Romar when there is not enough 40. It was clearly a lucky trade because of the news was on it's way

About the news, as this is like an unexpected news and not belong as a red news in the link below. I only know about it after the market went down so fast and strange, hit my TP then I went and searched for it. Do we have any other links or any other ways that can prevent it from happening again Sir

https://www.forexfactory.com/calendar.php
  • #14,868
  • Dec 14, 2018 7:33am Dec 14, 2018 7:33am
Quoting Spidero
Guys, Can you please check my charts. Is it OK, I tried a lot of server for perfect chart as yours. At last I followed instruction of learn2fly member of thread and opened on UK server Forex.comUK-Demo 106 of Forex broker. {image} {image} {image}
To begin with you need 4 charts including the H4 and that has also been posted. You also need your screen resolution 1600x900 and the spread must also be correct on all of your charts. So you start with the resolution to be sure that is correct on your monitor. Once that is correct then you set the spread on all for charts. That will correct everything on you charts. Be sure you include the H4 chart also.
The Dove - Forex Trainer
  • #14,869
  • Dec 14, 2018 7:35am Dec 14, 2018 7:35am
Quoting eyesonme
{quote} Thank you Sir, I will remember this and will not trade against Romar when there is not enough 40. It was clearly a lucky trade because of the news was on it's way About the news, as this is like an unexpected news and not belong as a red news in the link below. I only know about it after the market went down so fast and strange, hit my TP then I went and searched for it. Do we have any other links or any other ways that can prevent it from happening again Sir https://www.forexfactory.com/calendar.php...
But it is showing Red in the link you provided with your entry.
The Dove - Forex Trainer
  • #14,870
  • Dec 14, 2018 7:40am Dec 14, 2018 7:40am
Quoting dove_alliance
{quote} But it is showing Red in the link you provided with your entry.
When you have a Medium release it is a good idea to check it before pulling the trigger because it could be Red and not Medium just as you did.
The Dove - Forex Trainer
  • #14,871
  • Dec 14, 2018 7:45am Dec 14, 2018 7:45am
Quoting Lakers
Hello FF, I've been studying the Paradox on this tread for over 4 months and observing how the Paradox move bar to bar. So starting today, I am finally ready to post trading plans and will try to do so on a daily basis. But before that, I would like to thank Dana for giving us this opportunity to become an Elite, and I am grateful for Dana's positive impact on my life. Now let's get straight to business. Session: London EUR/JPY Red News: USD but not to be worry about. Daily Romar: Resistance EMA: Support Parabolic: Support EMA last arrow: UP, MACD:...
OK trader - your chart is not correct and must be right before you can trade.
The Dove - Forex Trainer
  • #14,872
  • Dec 14, 2018 7:49am Dec 14, 2018 7:49am
Quoting dove_alliance
{quote} When you have a Medium release it is a good idea to check it before pulling the trigger because it could be Red and not Medium just as you did.
Thank you Sir. That makes it much clearer about the news issue.
  • #14,873
  • Dec 14, 2018 8:03am Dec 14, 2018 8:03am
Quoting dove_alliance
{quote} OK trader - your chart is not correct and must be right before you can trade.
Ok Dana - I changed it to the proper resolution.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 68 KB


I hope this is correct.
  • #14,874
  • Dec 14, 2018 10:52am Dec 14, 2018 10:52am
Quoting Lakers
Hello FF, I've been studying the Paradox on this tread for over 4 months and observing how the Paradox move bar to bar. So starting today, I am finally ready to post trading plans and will try to do so on a daily basis. But before that, I would like to thank Dana for giving us this opportunity to become an Elite, and I am grateful for Dana's positive impact on my life. Now let's get straight to business. Session: London EUR/JPY Red News: USD but not to be worry about. Daily Romar: Resistance EMA: Support Parabolic: Support EMA last arrow: UP, MACD:...
I will do as instructed regarding open trade during a close market. Closing my trade right now because the market is closing in a few hours and once the market opens I will re-enter.
But if the open opens with a gap UP I will try to re-enter where I initially entered or at least at support.
And if the open opens with a gap DOWN I will re-enter asap.
  • #14,875
  • Dec 14, 2018 11:49am Dec 14, 2018 11:49am
Quoting Lakers
{quote} I will do as instructed regarding open trade during a close market. Closing my trade right now because the market is closing in a few hours and once the market opens I will re-enter. But if the open opens with a gap UP I will try to re-enter where I initially entered or at least at support. And if the open opens with a gap DOWN I will re-enter asap.
Very Smart - you never leave an open trade over the week-end. You never know what happens during that period until the market re--opens on Sunday.
The Dove - Forex Trainer
  • #14,876
  • Dec 14, 2018 11:51am Dec 14, 2018 11:51am
Quoting Lakers
{quote} Ok Dana - I changed it to the proper resolution. {image} I hope this is correct.
Are you using the right Demo broker? Or are you using a demo at all?
The Dove - Forex Trainer
  • #14,877
  • Dec 14, 2018 1:01pm Dec 14, 2018 1:01pm
Quoting dove_alliance
{quote} Are you using the right Demo broker? Or are you using a demo at all?
Yes only trading demo from forex[dot]com server: Forex.com-Demo 106
Going live is too risky. The market would KO me in 3 rounds.

Quoting dove_alliance
{quote} Very Smart - you never leave an open trade over the week-end. You never know what happens during that period until the market re--opens on Sunday.
Learned that from you.
  • #14,878
  • Dec 14, 2018 1:47pm Dec 14, 2018 1:47pm
Quoting Lakers
{quote} Yes only trading demo from forex[dot]com server: Forex.com-Demo 106 Going live is too risky. The market would KO me in 3 rounds. {quote} Learned that from you.
OK - very good. If you are planing to reenter Sunday from this plan you closed on for the week-end; then you must create a new trading plan for reentry with a new H2 entry chart.
The Dove - Forex Trainer
  • #14,879
  • Dec 14, 2018 2:29pm Dec 14, 2018 2:29pm
Quoting dove_alliance
{quote} OK - very good. If you are planing to reenter Sunday from this plan you closed on for the week-end; then you must create a new trading plan for reentry with a new H2 entry chart.
Ok will do.
  • #14,880
  • Dec 15, 2018 4:19pm Dec 15, 2018 4:19pm
Quoting Lakers
{quote}.....Going live is too risky. The market would KO me in 3 rounds. {quote} Learned that from you.
Not picking on any one at all here.... thought i would say something about the maths involved in blowing one's account so that everyone understands the rationale for the concept on using 1% of your account weather it be demo or not.
When you lose a trade at 1% you then have 99% left in your account. So to trade 1% of your account the next time; you trade the lot size that equals 1% of the balance you have left. When you loose for an unbelievable another 50 times in a row, you are trading with 1% risk of the balance you have left in your account.... NOT 1% of what you originally started your account with. So mathematically, by the time you reach 50 loses in a row, you still have more than 50% of your original balance in your account. The same is true of 100 loses in a row at 1% of your balance. You will still have more than a zero balance in that instance....
So how can anyone possibly blow their account??? I do not understand the concept of blowing an account, because who in their right mind would continue trading without trying to find a resolution to their poor performance after each & every trade...never mind for 100+ loses in row??

So make sure we stick to the rules and if a SL is hit you do the 1% risk of your current account balance - not your original account balance. Because we have a very powerful rule here in showing us the right way to.... quoting Shinny's words.... "protect thy wad". To be a wise trader, one sticks to all the rules, including and without exception, this one.

Now on the flip side of this concept of using 1% of one's account is 100 positive trades in a row ....This is the inverse of the 1% reduction and is called compounding at 1%. The 8th wonder of the man made world. Do the maths and see for yourself. Wow.
I'm a simple mathematician, there is an easier way to show this equation but anyhow... $100 x 1.01 x 1.01 x 1.01 x repeat x repeat......

I have been around here for a couple of years and you have seen me do some exceptionally silly things in my time... however i have never ever blown one single account, not because I am smart, but rather because I choose to be disciplined enough to stick to the 1% risk rule 100% of the time ....it is a very easy and simple rule to follow...and i wager that anyone else who does the same - 100% of the time, has never blown an account either....unless of course they are deliberately trying to pick losing trades or have never been able learn from their 100+ in a row errors.

When it comes to 100% predictability, i have 100% full control over choosing 1% risk or being an idiot and going higher risk. You have same power to choose.

Hope this helps someone out there.

We are free to choose.
We are not free to choose the consequences of our choice.

Oli

For those that don't get what i am saying.....An example of what you are doing when you are trading more than 1% of your account
Attached Image
If you make up your own rules then the story is sad.....
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