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Paradox System: post your entry here 11 replies

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Attachments: The Paradox System
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The Paradox System

Quoting djiminova
Hi everyone, is it only on my system that my clock is misbehaving? I've uninstalled the system and mt4 several times but seems not to work, just curious
I have the same here on my 4x.com demo 106. Not sure how the live account looks?
I dont have a 22:00 bar for may 29 and this is when the charts started "misbehaving"
I think it has to do with the broker going to 5 Daily bars/week
I have know idea why it has affect the H2 bar open as its an hour off or if theres a way to change it back?

I do believe this has changed sup and res a little. But I dont think its enough to corrupt the system....
IMHO
City index changes its server time on the 19th of june now. so until that date they wont match between city index and forex(dot)com.

As for forex(dot)com you need to change the gmt on the candle countdown to 4 i believe? and it is due to the 5 days a week and server times changing with it.
Attached Image (click to enlarge)
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Causa sui
It's fixed when you adjust your broker time to the correct offset.
If you make up your own rules then the story is sad.....
There's no way to adjust your broker's time. I've tried everything and nothing works.
Quoting Tony3233
There's no way to adjust your broker's time. I've tried everything and nothing works.
If we are talking about the candle countdown indicator this should fix it:
My Current Timezone is GMT+3 (with my standard timezone being GMT+2) so this is my setting in the attached picture, and with this setting the 1h, 2h and 4h candle countdowns print correctly.

Attached Image
Quoting ilpoj
{quote} If we are talking about the candle countdown indicator this should fix it: My Current Timezone is GMT+3 (with my standard timezone being GMT+2) so this is my setting in the attached picture, and with this setting the 1h, 2h and 4h candle countdowns print correctly. {image}
Thank you for your help.!!!!
Gonna take a leap of faith and post a trading plan. Warning! I am still learning so do not copy!

This is from this morning from 2 hrs ago.

8:01 GMT+3
Thursday
120.140 EURJPY
News: 14:00 GMT+3 GBP 5x red tag news

1H:
ROMAR = R, EMA = R, PSAR = R (eliminated)
fibo = Green
-Downtrend with market at PSAR(R)+38,2%(R)

2H:
ROMAR = R, EMA = R, PSAR = R
fibo = Green
-Downtrend with both Divergences at bottom 0%.
-Ranging Mode has ended because the SAR swing is working.

4H:
ROMAR = R, EMA = R, PSAR = R
fibo = Green
-At the bottom 0%.
-Uses Purple clearly as resistance for last 5 bars.
-ROMAR(r) still going through middle.

Daily:
ROMAR = S, EMA = R, PSAR = R (3 dots)
fibo = Red
-DB has hit down at 119.810 (above 50%)
-Daily in downswing toward ROMAR support. ROMAR(s) at -120 pips (below 50%)
-Opened just below Purple.

Market in Downtrend, except the Daily ROMAR-trend is still up, so this is not a full blown downtrend.
Would be looking to sell into trend (for 40 pips), if 2H SAR hits up at EMA-PSAR zone with confluence. Pip-count to bottom would be over 50 pips.

Here is 2H chart (Note: MA lines are wrong as I had to restart computer):
Attached Image (click to enlarge)
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Adjustment 10:25 GMT+3:
2H new bar opened below EMA, hit EMA + 23,6% heavy resistance + 4H hit Smooth + 23,6% resistance.
No SAR visual, so not going to risk.

Adjustment 11:05 GMT+3
1H PSAR flip to Support (locked in), 1H EMA touches Purple.
2H Purple crossed above White
Quoting ilpoj
Gonna take a leap of faith and post a trading plan. Warning! I am still learning so do not copy! This is from this morning from 2 hrs ago. 8:01 GMT+3 Thursday 120.140 EURJPY News: 14:00 GMT+3 GBP 5x red tag news 1H: ROMAR = R, EMA = R, PSAR = R (eliminated) fibo = Green -Downtrend with market at PSAR(R)+38,2%(R) 2H: ROMAR = R, EMA = R, PSAR = R fibo = Green -Downtrend with both Divergences at bottom 0%. -Ranging Mode has ended because the SAR swing is working. 4H: ROMAR = R, EMA = R, PSAR = R fibo = Green -At the bottom 0%. -Uses Purple clearly...
Adjustment 11:38
2H SAR hits to PSAR resistance.
2H Purple above White.
2H buy signal appears as market moves above EMA. MACD crosses 0-line and we got both arrows up (in correct order for up).
Sold as planned at 120.501, but feels risky with the up-signals and fibos green. Entry at mid-bar is allowed from PSAR.

Here is entry:
Attached Image (click to enlarge)
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Quoting ilpoj
{quote} Adjustment 11:38 2H SAR hits to PSAR resistance. 2H Purple above White. 2H buy signal appears as market moves above EMA. MACD crosses 0-line and we got both arrows up (in correct order for up). Sold as planned at 120.501, but feels risky with the up-signals and fibos green. Entry at mid-bar is allowed from PSAR. Here is entry: {image}
Result and self evaluation:
Result of this single trade was positive.

This was a good learning experience, because I noticed I paid more attention to the details, because of posting the plan. Also became aware of emotions.
The entry point was good because there was no drawdown. After the entry I had fear of a bullish move, because the 2H BB were flattish and market was at the middle (of BB:s). But because the SAR visual was so precise and the downtrend had got just recently established, I believed more there would be 40 pips, even with a reversal. Biggest trouble was in copying and writing the plan here .

Here is the result:
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Quoting ilpoj
{quote} Result and self evaluation: Result of this single trade was positive. This was a good learning experience, because I noticed I paid more attention to the details, because of posting the plan. Also became aware of emotions. The entry point was good because there was no drawdown. After the entry I had fear of a bullish move, because the 2H BB were flattish and market was at the middle (of BB:s). But because the SAR visual was so precise and the downtrend had got just recently established, I believed more there would be 40 pips, even with a...

It was actually a perfect entry good job ilpoj. Keep it up.
To reach that level of determination is a matter of the will.
Quoting TraderMarcos
{quote} It was actually a perfect entry good job ilpoj. Keep it up.
Thanks for the compliment. I sure will try!
How is everyone doin?
To reach that level of determination is a matter of the will.
Quoting TraderMarcos
How is everyone doin?
great...i guess. Haven't been at work since march 16
Please, if any experts can have a comment on my failed trade yesterday on the EJ

I decided to have a buy as all main trend indicators in H2 H4 and Daily are all supports.

At my entry the market hit H2 PSAR & H1 Romar support. My SL is well below H2 Romar with H4 EMA and PSAR supports on my side.

Right after my entry the market react exactly as plan gave me about 20+ pips or so but after that the EJ went down all the way knocked down supports after supports. As of today market open H4 Romar was passed, next one should be Daily PSAR.

Please help me to explain the situation and how I can avoid these strong reversals while H2 H4 and Daily are in trend. My only guess until now is the double top in H2 @ 121.950 pushed the market down.
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Where to start.
I'm not being a smart arse here. Let's problem solve.
I think Eyes, we all know that if we wish to have a review done, we have to be posting a plan, do an entry, then a self review, then if things are still not clear to the trader, ask for some assistance. This is a rule and easy to follow.

You said: I decided to have a buy as all main trend indicators in H2 H4 and Daily are all supports.
You are incorrect. They are NOT all Supports.

You are lost on this particular trading day it seems because, from my perspective you had not mentioned where Resistance was as well as where Support is. I cannot verify this, because you have not posted a plan. & you have speculated about a theory of a Double Top without discussion of any Resistance.

Can you see how hard it is for us all to see where your focus is when we do not have all of the facts of your thought processes and the application of entry rules written into the plan that were applied for pulling the trigger? To answer your question would require us to also speculate what your plan actually said. That is a very poor idea in asking us to speculate. Facts are far better. Why? As a patient, and you are finding that your appendix needs to be removed or you will die; would you go to a doctor and ask them to speculate where an appendix is located or would you prefer them to know where the appendix is before they pick up the scalpel?

So the real question needs to be asked of you: Where is the Resistance? Along with: Where is your plan?

Dana has posted he doesn't recommend trading against trend when all ROMAR are sync, possibly paraphrased=> : "unless you know what you are doing" I believe was the previso he mentioned. If you really want to know what you are doing, all of the rules must be followed. We can assist you, & I for one will try my best, to reduce any speculation coming from my side of the fence. Speculation = confusion & poor outcomes.

My current demo chart entry is below. Please ignore the MA lines as I was unable to restart the charts this morning at reset.

I post my entry for what it's worth. It was almost exactly the opposite to yours, 2 hours later than your entry, for the Short, not a Long.
A fluke? or Observation of identifying where Resistance & Support were?
I took the Short according to and specifically by applying the spoon-fed rule taught to us all by Dana.
Simple.

We want to help you and others, but we need your's and indeed everyone's participation as well in order to fulfill both sides of the obligations. Would you agree?
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If you make up your own rules then the story is sad.....
Quoting OliveBranch
Where to start. I'm not being a smart arse here. Let's problem solve. I think Eyes, we all know that if we wish to have a review done, we have to be posting a plan, do an entry, then a self review, then if things are still not clear to the trader, ask for some assistance. This is a rule and easy to follow. You said: I decided to have a buy as all main trend indicators in H2 H4 and Daily are all supports. You are incorrect. They are NOT all Supports. You are lost on this particular trading day it seems because, from my perspective you had not mentioned...
Thanks OliveBranch and I totally agree it's really hard to have a comment in this case as you can not see where my focus was so please bear with me and talk about your trade, the opposite perspective in this case might open my eyes even more.

First of all about main indicators I meant EMA, Romar and PSAR. At the time of your entry PSAR H2 was eliminated with all the other main indicators in H2 H4 and D1 are supports please correct me if I'm wrong with this one.

Next, H1 EMA and PSAR turned into resistance at the time of your entry, but TP is below H1 H2 Romar support as well as H4 EMA and PSAR supports, can you please recap what was on your trading plan that make you certain these supports will be out so you can hit your TP.

Sorry to be a pain here
Quoting eyesonme
{quote} Thanks OliveBranch and I totally agree it's really hard to have a comment in this case as you can not see where my focus was so please bear with me and talk about your trade, the opposite perspective in this case might open my eyes even more. First of all about main indicators I meant EMA, Romar and PSAR. At the time of your entry PSAR H2 was eliminated with all the other main indicators in H2 H4 and D1 are supports please correct me if I'm wrong with this one. Next, H1 EMA and PSAR turned into resistance at the time of your entry, but TP...
Hi, Eyes. I'm not expert, but I took exactly the same (lost) trade that you mentioned on your second last post 16794. Below is the picture of my entry 2H chart (that was missing from your post):
Attached Image (click to enlarge)
Click to Enlarge Name: Losing Buy trade.png Size: 83 KB


The rule of one trade per day and the rule of 40/40 sets up a basis to keep us safe from repeated or big losses when there are market conditions that are beyond our (or anyone's) skill to read. And even with the losing trade, I'm still positive for this week. Oli's answer above shows there is (or was) a hole in our understanding, because he had made the right entry. Also for that lost trade, I did not make the normal Plan at that moment, because I was in hurry, so I made a mistake there too.

Dove also explained a double top trade on post 16224. It might be of use for you.
Quoting ilpoj
{quote} Hi, Eyes. I'm not expert, but I took exactly the same (lost) trade that you mentioned on your second last post 16794. Below is the picture of my entry 2H chart (that was missing from your post): {image} The rule of one trade per day and the rule of 40/40 sets up a basis to keep us safe from repeated or big losses when there are market conditions that are beyond our (or anyone's) skill to read. And even with the losing trade, I'm still positive for this week. Oli's answer above shows there is (or was) a hole in our understanding, because...
It's really interesting to see we have the same buy in this situation. Unfortunately our focuses were wrong, we were looking at the same old trend while the reversal already happened. I think we need to do some in depth research again about situation like this when a strong reversal happens which just kill all supports/resistance on its way
Quoting eyesonme
{quote} Thanks OliveBranch and I totally agree it's really hard to have a comment in this case as you can not see where my focus was so please bear with me and talk about your trade, the opposite perspective in this case might open my eyes even more. First of all about main indicators I meant EMA, Romar and PSAR. At the time of your entry PSAR H2 was eliminated with all the other main indicators in H2 H4 and D1 are supports please correct me if I'm wrong with this one. Next, H1 EMA and PSAR turned into resistance at the time of your entry, but...
In your post 16796, again, you have not discussed Resistance.

For the blue highlight, I will say for what it is worth, you may take what you will from this comment.... one of my teachers once told my class, when the word "but" is used in a sentence, it is always the "self" that is talking. He taught or believed that the "Self" (the internal voice we all have) is delusional and screams for attention....eg: me me me like a little child does.
For the most part agreement with him is in my heart.
These days there are 2 words I try to avoid in my day to day communication - the words "but" and "I". They confuse the objective with my excuses that I try to give myself and imply asking for sympathy from others instead of empathy.
An example of delusion - people cannot fly but we have airplanes. A Paradox exists in this sentence. If you know some rules you can use them accordingly. The word "but" confuses the objective.
I am not immune from having a "self" and are human too. My work revolves around doing my best not to be distracted by the machine in my head called "self".

The word "but" leads straight to this in this instance; "can you please recap what was on your trading plan that make you certain these supports will be out so you can hit your TP" ....the self asking for a spoonfeed. And I can recap for you. As I have said, "I took the Short according to and specifically by applying the spoon-fed rule taught to us all by Dana.
Simple."

So we all know there are 1 of 3 possibilities happening here. I am a liar, I got lucky or Dana has given the spoonfeed for this scenario.
A) If I am a liar, & did not take the trade I said I did, then there is nothing for it but to ignore me.
B) If I got lucky, then my application of the rules were just a fluke & again - ignore me.
C) If I am telling the truth, then the objective would be to look for the post or posts in the notes we have made, and if the answer is not in our notes, then on the thread that describes such a spoonfeed delivered directly by Dana himself.
& I know the post number. & because I take the view that it is a spoonfeed by Dana, then to advise the post number would devalue Dana's time and his wishes of us all to work for our money. Who am I to argue with his teaching philosophy when he has given us so much already?
I have also recently mentioned Problem Based Learning theory. It drives many people up the wall and crazy....and that feeling of craziness is the "self" screaming for attention.

Let us not dwell on this debate anymore - neither one of us 3 have posted our plans. Therefore in reality, no-one, including me, has anything objective to contribute inline with Dana's rules of his thread.

If I may suggest we stick to the script, post our plans and ask questions once the trade is completed etc.
If you only need the odd hand up every now and then, and you end up posting 50 correct entries in a row before this scenario comes about next time, no harm is done - correct? We can help when that 51st time comes around. Easy.

And by the way, you are not being a pain. The exact definition of being a pain is me; 2 years ago. Have you seen some of the crap that I came up with? WHAT an IDIOT I was. If I can make my way through the process, so can we all.
If you make up your own rules then the story is sad.....
Quoting OliveBranch
{quote} In your post 16796, again, you have not discussed Resistance. For the blue highlight, I will say for what it is worth, you may take what you will from this comment.... one of my teachers once told my class, when the word "but" is used in a sentence, it is always the "self" that is talking. He taught or believed that the "Self" (the internal voice we all have) is delusional and screams for attention....eg: me me me like a little child does. For the most part agreement with him is in my heart. These days there are 2 words I try to avoid in...
Fair enough OB, I was wrong raising the question without any trading plan about my failed trade, hoping someone can spoon feed me with a direct and fast answer.

Will read back the thread again and find out where am I missing with this situation.

Thanks again for your post, looking at your posts from Feb 2017 and your posts now is truly inspiring me about how far we can go if we put our heart in learning the paradox system.
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