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Paradox System: post your entry here 11 replies

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Attachments: The Paradox System
Exit Attachments

The Paradox System

Quoting JayPeBe
Quick question is it 4 pips or 40 points (as in pipette) are we talking 40 pips (400 points) just confused, as the hourly candle won’t give more than 8-12 pips ....
It's 40 pips. Lets say you buy at 120.245 you should take profit at 120.645 as example.
Another question .. any updated indicator that send the alarm to a mobile notification?
Quoting JayPeBe
Another question .. any updated indicator that send the alarm to a mobile notification?
Paradox is not set up for mobile phone. It is trading in the moment in your trading station.
To reach that level of determination is a matter of the will.
One more question that I still don’t fully understand from the notes and my results is the following:

when there is a parabolic flip (at the top of the candle) I could naturally go for a short. If there is also a SAR attachment at the bottom, should I then ignore the parabolic ? And follow a buy instead ? Basically, which takes priority.
Quoting JayPeBe
One more question that I still don’t fully understand from the notes and my results is the following: when there is a parabolic flip (at the top of the candle) I could naturally go for a short. If there is also a SAR attachment at the bottom, should I then ignore the parabolic ? And follow a buy instead ? Basically, which takes priority.
Just read the thread. There's 800+ pages and all your answers are there.
Quoting sharoonas
{quote} Just read the thread. There's 800+ pages and all your answers are there.
He is looking for a short cut and doesnt want to study. Trader JayPebe you need to study from page 1 or you will not make it.
To reach that level of determination is a matter of the will.
Please don’t jump to conclusions. Just a question.
I have read the notes, and pages and have been trading it for a while. Just confused as there are some contractions in the text. It’s sometimes easier to ask. If I wanted something easier, I would have picked an EA or something easier.
Quoting JayPeBe
Please don’t jump to conclusions. Just a question. I have read the notes, and pages and have been trading it for a while. Just confused as there are some contractions in the text. It’s sometimes easier to ask. If I wanted something easier, I would have picked an EA or something easier.
Hi Jay,
Not sure what you're wanting to hear at the minute. Your statement uses the word "contractions". Which is meaning "shrinkage" in my world or baby's coming .
This is not a word or phrase that I have seen or remember being used in this thread in relation to trading. I could however be wrong. It's not like I have not been wrong before. Getting things wrong is part of the process of improving, whether you're a student or a teacher.
What we all need to do is to study for learning. By this "learning" I mean, for "comprehension". Comprehension transcends parrot-like learning. It seems that you are moving along and feel free to post a plan and have some review from a senior or perhaps Dana when and if he finds the need.

My trade earlier this week. Not the EJ, however +78 pips. This is not being greedy, it is reducing my work hours and being more functional outside of my trading work cycles - thereby I can contribute more to other aspects of community, which is more important that trading in and of itself.
200 pips a week is our goal. Once a day trading .... or longer term trading. Same same. Our focus for learning is just for day trading as per Dana's expectation for students to get things set into our mindset and improve our knowledge base.

& if we know the rules to the scenario and know the risks, then our trading will improve.

More plans on the thread will assist, or so I believe. As are questions of course - often times a question without a chart is very hard to see where the question is coming from. Posted plans helps to alleviate any confusions & everything is out in the open.

Hope this helps.
ps notice my bar count is not correct - so know your stuff.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH2.png Size: 75 KB
If you make up your own rules then the story is sad.....
Thanks for your answer. (Seems my spell checker changed it to contractions).

Going forward will post my trading plans.

JP
Main trend = Consolidation

H1:
Screenshot:
https://www.forexfactory.com/blob:ht...d-4ad5fb137b64

Romar : Resistance
EMA : Resistance
PSAR : Resistance
DB Attachment: N/A
SAR Attachment : YES
MA Signal : Strong sell
Riders : About to cross over purple
Overall : Sell

Notes : a clear sell and on H1, just bounced off EMA.

H2:
Screenshot:
https://www.forexfactory.com/blob:ht...9-6f4dd8b4c670

Romar : Resistance
EMA : Resistance
PSAR : Resistance
DB Attachment:
SAR Attachment : YES
MA Signal : Strong sell
Riders : above purple, could pass...
Overall : Sell

Notes :

Daily :
Screenshot:
https://www.forexfactory.com/blob:ht...0-3879b1b214ed

Romar : Resistance
EMA : Resistance
PSAR : Support
DB Attachment: 3 candles ago
SAR Attachment : N/A
Riders : below purple
Overall : Buy

Notes :
Quoting JayPeBe
Main trend = Consolidation H1: Screenshot: {image} Romar : Resistance EMA : Resistance PSAR : Resistance DB Attachment: N/A SAR Attachment : YES MA Signal : Strong sell Riders : About to cross over purple Overall : Sell Notes : a clear sell and on H1, just bounced off EMA. H2: Screenshot: {image} Romar : Resistance EMA : Resistance PSAR : Resistance DB Attachment: SAR Attachment : YES MA Signal : Strong sell Riders : above purple, could pass... Overall : Sell Notes : Daily : Screenshot: {image} Romar : Resistance EMA : Resistance PSAR : Support...

Dana wouldnt like this type of trading plan that you posted. You need to follow the rules and not break em.
To reach that level of determination is a matter of the will.
Quoting JayPeBe
Thanks for your answer. (Seems my spell checker changed it to contractions). Going forward will post my trading plans. JP
Looking forward to seeing them in the appropriate format/template and with full notes. Screenshots need to be in png format.
If you make up your own rules then the story is sad.....
Here is my Paradox GU trade for today. 10 pips Drawdown. Market retrace to Romar I took a short @ psar hit

Tokyo 1421
Daily:
ROMAR - Romar crossed EMA for the change of trend
EMA - resistance
PSAR - resistance

Check List:
Last EMA Alert Arrow : down
Last MACD 0 crossing : down
Last DB/SAR Attachment: DB/SAR up with both divergence
Fibo: up
23.6 and 61.8 S/R: 23.6 as resistance
Balance: Yes
Bollinger: Upper band inside 100
Market open: below purple
Notes: Romar EMA as resistance. Smooth as resistance. Fibo 23.6 as resistnce. Daily in downtrend with green fib.


London 1631
Trend Chart/ Powerhouse of the Whole System/ Profit is only at the parabolic for 40 pips or less.
2 HR:
ROMAR - trend down
EMA - down in the swing
PSAR - resistance

Check List:
Last EMA Alert Arrow : up
Last MACD 0 crossing: down
Last DB/SAR Attachment: SAR @ Romar
Fibo: Red
Fibo Contour: Wedge
23.6 and 61.8 S/R: 61.8 as resistance
Strong buys are above the MA 20 and Strong sales are below the MA 5 MA 20 MA 5 position: Strong buy
Bollinger: ---
Balance: No
Weekly Pivot:
Monthly Pivot:
Market open: below EMA
Notes: Romar as resistance. EMA is down in the swing. White smooth purple up. PSAR is resistance. Fibo red 61.8 as resistance. H2 in downtrend with consolidation.
Attached Image (click to enlarge)
Click to Enlarge Name: GU short Trade.PNG Size: 104 KB
To reach that level of determination is a matter of the will.
Quoting TraderMarcos
Here is my Paradox GU trade for today. 10 pips Drawdown. Market retrace to Romar I took a short @ psar hit Tokyo 1421 Daily: ROMAR - Romar crossed EMA for the change of trend EMA - resistance PSAR - resistance Check List: Last EMA Alert Arrow : down Last MACD 0 crossing : down Last DB/SAR Attachment: DB/SAR up with both divergence Fibo: up 23.6 and 61.8 S/R: 23.6 as resistance Balance: Yes Bollinger: Upper band inside 100 Market open: below purple Notes: Romar EMA as resistance. Smooth as resistance. Fibo 23.6 as resistnce. Daily in downtrend with...
What are those yellow and brown lines? Kinda looks like Romar, but it's not from this system.
Quoting dove_alliance
{quote} For one thing that indicator you had added to the Paradox is not legitimate and will knock out your data. I stated in the beginning do not add or take away anything on the charts - if you do you will have problems.
I should like to believe that the above advice from Dana must be his expressed wish for all to adhere to.

In life, everyone is free to choose. As adults, we all know instinctively, at least I hope, that we are not free from the consequences of making any of our choices.

Thus, I feel that here in the Paradox realm, our posted plans (using the actual template given and not our made up versions) as well as our chart screenshots being as pure as we can have them in order to shed the light - in the best light.
My previous post was indeed having too many bars and thus outside the rule. A hiccup with my screenshot abilities. It was the only screenshot of the GU H2 that I had unfortunately - my troubles using my phone to connect to the trading computer - I unreservedly apologise for creating any confusion with anyone here that are learning - Please feel free to SIM the scenario on the weekend for your education and hopefully add some clarity to your vision.

Having the same data shared from one trader's screen to another will alleviate so many confusions and tangents.
I feel that when it comes to educating, confusion needs to be avoided at all costs. Uniformity = increased learning.

It's over to everyone here to agree to or not to agree to sticking to the rules. Our choice.

Again - I apologise for setting such a precedent as knowingly posting what is essentially ... an invalid chart.

I feel confident everyone will accept this posts' sentiment with warmth, as it is delivered by me with warmth and encouragement.

Enjoy your weekend good people.
If you make up your own rules then the story is sad.....
Good Day, most traders who knew me knows that I trade the GU than the EJ. I was just posting my trade to help some traders out that is having a hard time with the paradox. Here is my last post for GU using the H1 Romar as entry for 40 pips and with confluence with the FIbo. h1 61.8 fib, h2 38.2 fib, h4 61.8 fib hit and balance with the Daily purple. I know with this syncs the market will go down south to get my 40 for the day. I know the H2 psar wont flip but only having 100% faith in the paradox. And the h4 is heavy down south.

Friday, 28 February 2020
London 1720
Daily:
ROMAR - Romar trend is down.
EMA - resistance
PSAR - resistance

Check List:
Last EMA Alert Arrow :
Last MACD 0 crossing : down
Last DB/SAR Attachment: DB up SAR up with both standard and hidden divergence
Fibo: up
23.6 and 61.8 S/R: 23.6 as resistance
Balance: No
Bollinger: Upper band inside 100
Market open: below purple
Notes: Daily is down but Imbalance.

London 1725
4 HR:
ROMAR - trend down
EMA - resistance
PSAR - resistance

Check List:
Last EMA Alert Arrow : --
Last MACD 0 crossing: down
Last DB/SAR Attachment: DBSAR up
Fibo: Red
Fibo Contour: Wedge
23.6 and 61.8 S/R: 61.8 as resistance
Strong buys are above the MA 20 and Strong sales are below the MA 5 MA 20 MA 5 position:
Bollinger: ---
Balance:

Market open: below purple
Notes: Romar trend is down. EMA is resistance. Horsemen are down. red fib. H4 in downtrend.

London 1745
Trend Chart/ Powerhouse of the Whole System/ Profit is only at the parabolic for 40 pips or less.
2 HR:
ROMAR - trend down
EMA - down in the swing
PSAR - resistance
Check List:
Last EMA Alert Arrow :
Last MACD 0 crossing: Up
Last DB/SAR Attachment: bottom
Fibo: green
Fibo Contour: Wedge
23.6 and 61.8 S/R: 23.6 as resistance
Strong buys are above the MA 20 and Strong sales are below the MA 5 MA 20 MA 5 position:
Bollinger: upper band inside 61.8
Balance: No

Market open: below purple
Notes: Romar as resistance. EMA is down. Psar down. 23.6 as resistance fibo up. H2 in downtrend with green fib

London 1740
1 HR:
ROMAR - resistance
EMA - down in the swing
PSAR - resistance
Check List:
Last EMA Alert Arrow : ---
Last MACD 0 crossing: up
Fibo: up
Fibo Contour: broke out
23.6 and 61.8 S/R: 61.8 as resistance
Strong buys are above the MA 20 and Strong sales are below the MA 5 MA 20 MA 5 position:
Bollinger: Inside Romar
Balance: No

Notes: Romar as resistance and out of trading area. EMA is down in the swing. PSAR down. Fibo up. h1 in downtrend with green fib.

Final Notes: All Romars are in downtrend.
Entry: I will enter short @ h1 Romar resistance and with the Daily purple for balance.

Screenshot is taken with the laptop. I am not with my trading station.
Attached Images (click to enlarge)
Click to Enlarge Name: Screenshot (4).png Size: 42 KB Click to Enlarge Name: h2 (2).PNG Size: 33 KB Click to Enlarge Name: h4 61.8 fib GU.PNG Size: 26 KB
Attached Image
To reach that level of determination is a matter of the will.
I just want to share something. With this type of trade that I posted. I wouldnt go short at this market because of the big bulllish engulfing that is plotted on the charts. All I knew was price action, candles, horizontal support and resistance. It took me a very long time with that garbage to be taken out of my system. With the rules given by Dana like Romar crossing EMA, EMA crossing purple, the flip of the fibo, the DBSAR attachment etc etc. now I know where the market is going and to what trade I will be taking on a given day. Everything in this forum is teaching you how to beat the market. But the system is not for everyone. "Many Are Called, But Few Are Chosen". Matthew 22:14
To reach that level of determination is a matter of the will.
Quoting OliveBranch
{quote} Hi Jay, ...edit..."learning" I mean, for "comprehension". Comprehension transcends parrot-like learning. It seems that you are moving along and feel free to post a plan and have some review from a senior or perhaps Dana when and if he finds the need. My trade earlier this week. Not the EJ, however +78 pips. ....edit...ps notice my bar count is not correct - so know your stuff. {image}
Here are are the SIM screenshots of the H2 & H4 with the correct bar count on that day for those whom are interested.
The SIM is a great tool for learning and testing your knowledge on the rule or rules that you are focusing in on for your entries.

The fixing of my error in posting an invalid chart the other day is now complete. Let's move on.
Attached Images (click to enlarge)
Click to Enlarge Name: SIM GU H2.png Size: 110 KB Click to Enlarge Name: SIM GU H4.png Size: 109 KB
If you make up your own rules then the story is sad.....
Has anyone in the thread been contacted with Dana recently?

Just want to know he is fine and enjoying his own life after what he has done for us
Quoting eyesonme
Has anyone in the thread been contacted with Dana recently? Just want to know he is fine and enjoying his own life after what he has done for us
No, unfortunately i know nothing
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