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The Paradox System

  • #16,901
  • Jan 1, 2021 4:07am Jan 1, 2021 4:07am
Quoting OliveBranch
{quote} The market is in daily consolidation and a BB hit on the daily yesterday as well for an entry. Full Uptrend against the Fibo which = Red = Consolidation In consolidation you trade from resistance to support in this case and you used the sync of the H1 and 2 to enter at the highest point making sure there was room to ROMAR. Yes there was room to ROMAR. In what way are you seeing both charts were in sync?
The parabolics on H1 and 2. which eventually carried over to the H4
Causa sui
  • #16,902
  • Jan 1, 2021 4:11am Jan 1, 2021 4:11am
Quoting mexican301
{quote} The parabolics on H1 and 2. which eventually carried over to the H4
Entry was made on the 30th Dec 0400 hour chart time bar = H1 with Parabolics as Support and the H2 Parabolics as Resistance.
Mexican, describe how this is a sync between H1 & H2?
If you make up your own rules then the story is sad.....
  • #16,903
  • Jan 1, 2021 4:46am Jan 1, 2021 4:46am
Quoting maas
Thanks OB for 16895: Mkt bounced off PSAR whilst P slid under S, recent bounce off Daily BB? Seasonal Greetings, Maas
Thank you for your greetings, I am sure everyone here is with me and feels warmed by your caring.

Take a breath.
Relax.
You and Mexican have mentioned the Daily BB hit. Also you have both mentioned the PSAR hit. And you waffled. You were very much to the point and used minimal words, but you waffled. I am the king of waffling, so I know what I am talking about and waffle will kill your success rate.
So what I am saying is, you have observed what happened by retelling the story of what happened. Which is fine to a certain point. Let us help move you forward.
What I am looking for is the rules.
This is a rule....
Analogy 1:- One rule for driving a car safely, is to never drive closer than 2 seconds apart from the vehicle in front of you. This is a safe driving rule. And if you make up your own rules to safe driving that excludes or ignores this rule, then the story is sad.
Analogy 2: two rules for assisting in reducing the spread of Covid 19 - Wash your hands and do not touch your face. Same sad story as the driving analogy if you ignore these two rules.
See post 9885 as to why I have spent this time explaining why rules are important in the way I have. If you are driving, going around in public or trading, there are rules. And rules keep you safe.

Getting back to Trading rules: For this scenario and for most scenarios,... I am specifically looking for two or three of them.
Can you give the rules Maas?
Mexican has said one of the three for you. So he has done 33% of the work for you already. In consolidation you trade from resistance to support. This is a rule for Consolidation, so if you have not got this rule in the folders that Retrogue suggests that people have and compiled when learning, then you had better get a move on and do what Retrogue says to do. Two more to go.
If you make up your own rules then the story is sad.....
  • #16,904
  • Edited 9:16am Jan 1, 2021 6:10am | Edited 9:16am
Hi

Dear Oli; about your "questionnaire" post 16895:

The way I see the reasons for the sell trade in this consolidation were:

1. Daily top BB hit on the previous day (giving massive boost for a down)
2. 2h SAR hit (stop and reverse)
3. 2h PSAR resistance hit (with SAR) (hit 8 pips over the PSAR, which to me signals danger, BUT the previous SAR also did the same trick with the PSAR Support...)
+Your entry bar opened right at the PSAR (a small additional detail...)

But there is one factor why I would not have sold there, in addition to being sleeping at the time, and it's the 2h Purple-EMA slider, but note that I'm still just a learner here. I did take a sell trade 4 hours after yours at 126.912 when 2h sell alert came. My entry did not promise full 40 pips because the ROMAR support was at -30 pips, but I took it nevertheless, and I manually closed the trade above the ROMAR when 2H DB hit, but I should have let it run to TP, because it went down to bottom BB for total of 45 pips.
  • #16,905
  • Jan 1, 2021 7:42pm Jan 1, 2021 7:42pm
Quoting OliveBranch
Giving thanks during the season. Dana had said once that he trades a plan every trading day, time willing. There are trades still happening around this time of year as you can see. Instead of doing a show & tell, I thought I might ask a question instead in the hopes that people who are following are being progressive in their learning. Please note, charts shown are incorrect MAs. Despite this handicap/inaccuracy, the entry was able to be seen. Feel fine to contribute. Why was this trade during the Asian, the one to take +40 from the market? As in;...
Happy new year to everyone!

We are on a ranging scenario. Range can be seen more easily on the Daily chart.
The rules for consolidation:

1. DB was attached on the top of the range with SAR. Hidden and standard divergence were also attached.
2. When we trade counter ROMAR, then we need to wait for purple to cross white and smooth.
3. We need to have 40 pips to ROMAR.
  • #16,906
  • Jan 1, 2021 11:06pm Jan 1, 2021 11:06pm
Quoting OliveBranch
{quote} Entry was made on the 30th Dec 0400 hour chart time bar = H1 with Parabolics as Support and the H2 Parabolics as Resistance. Mexican, describe how this is a sync between H1 & H2?
Thats an error on my part, there was no sync starting until later on.
Causa sui
  • #16,907
  • Jan 2, 2021 4:55am Jan 2, 2021 4:55am
Quoting ilpoj
Hi Dear Oli; about your "questionnaire" post 16895: The way I see the reasons for the sell trade in this consolidation were: 1. Daily top BB hit on the previous day (giving massive boost for a down) 2. 2h SAR hit (stop and reverse) 3. 2h PSAR resistance hit (with SAR) (hit 8 pips over the PSAR, which to me signals danger, BUT the previous SAR also did the same trick with the PSAR Support...) +Your entry bar opened right at the PSAR (a small additional detail...) But there is one factor why I would not have sold there, in addition to being sleeping...
The rules are almost coherent enough for you to move forward. See Sinai response for how a rule is written. Then you will improve for sure.
Please remember I am unable to really comment on your trade as you hadn't posted a plan with the proper format, and this is an issue for when people are looking for feedback. Also I asked for the rules of the trade I demonstrated. So am trying to keep focused upon that chart.

but note that I'm still just a learner here. ....My entry did not promise full 40 pips because the ROMAR support was at -30 pips, but I took it nevertheless, and I manually closed the trade above the ROMAR when 2H DB hit, but I should have let it run to TP
"But I took it nevertheless"....So did you take the trade out of taking zero care about the outcome or without any consideration to a rule you knew ? or just test the water? or was there a rule saying you should take the trade?
"but note that I'm still just a learner here."....."I manually closed the trade" ....There is only one rule I know of whereby as a learner we can do such a thing whilst on Demo. Your reason/excuse to manually close a trade as a learner is not a documented rule. The reason for rules is so we can enter and walk away from the trading station feeling comfortable that our trade will succeed, thereby freeing up our time to do something worthwhile for our community or other such wholesome activities.

As you can see, I do like rules.
My kids used to hate them, but these days; they are beginning to see their worth. Hind sight is 20 20 vision as they say.
Foresight is accepting wise instructions with respect.
Lack of insight is ignorance or arrogance - depending upon if we have been advised of the rules or do not know the rules. And exactly like gravity, the rule exists, even if you believe in gravity or not. Same with trading.

I hope this helps.
If you make up your own rules then the story is sad.....
  • #16,908
  • Jan 2, 2021 5:30am Jan 2, 2021 5:30am
Quoting Sinai
{quote} Happy new year to everyone! We are on a ranging scenario. Range can be seen more easily on the Daily chart. The rules for consolidation: 1. DB was attached on the top of the range with SAR. Hidden and standard divergence were also attached. 2. When we trade counter ROMAR, then we need to wait for purple to cross white and smooth. 3. We need to have 40 pips to ROMAR.
I do like the way your rules are written Sinai. Not too many words and one sentence.
I used your rule 2 & 3 in my trade. I also used Mexican's rule related to Consolidation.

I am still looking for two other rules that were paramount to trading against ROMAR in the way I did...because...this post is very very pertinent... https://www.forexfactory.com/thread/...16#post8710616 and if you ignore that advice it will cost you at some point.
Every single chart in the entry shown, had ROMAR as Support. So what in particular allowed my trade to proceed to plan?
If you make up your own rules then the story is sad.....
  • #16,909
  • Jan 2, 2021 5:32am Jan 2, 2021 5:32am
I also used Mexican's rule related to Consolidation.

Let me rephrase - I used the rule quoted by Mexican.
Mexican did not make up his own rule.
If you make up your own rules then the story is sad.....
  • #16,910
  • Jan 2, 2021 12:56pm Jan 2, 2021 12:56pm
Thanks Oli

Here is another gem from the greatest

"The DB/SAR is long term trend when they are both attached together. So lets say the market is going long. You have a retrace that is pretty heavy and the SAR breaks away from the DB and attaches to the bottom of a retrace candle. This is telling you the retrace had completed and the market is going back into trend. This also telling you the market will get above the DB so both DB/SAR can reattach for the continuance of the trend.

NOW Lets say you pulled the trigger on the bottom of the Retrace candle with the SAR and you got greedy; and you placed your TP at the DB level. And what could happen is the SAR reattaches to the top of a trend candle going up before the DB level; reverses the market and takes you out with your Stop; and the DB/SAR will reattach together at the bottom of a candle for a new trend going short. You can see this same scenario going back to last Monday into Tuesday. Friends do not ever get greedy."

post no 5024
  • #16,911
  • Jan 2, 2021 11:17pm Jan 2, 2021 11:17pm
You're welcome Force.

Yes, the post is a gem.

Ok, what I was looking for rule in the trade shown.

I was looking for someone to advise of the Fibo rule.
I was also looking for someone to advise of the PSAR rule.
Another could have been the multi time frame confluences.

Here is entry - the Fibo is Red on all charts during an otherwise full ROMAR uptrend on the H2, H4, Daily.
The 23.6 has been hit.

What is not shown here as I do not have a suitable H1 screenshot is the H1 23.6 is also hit. If you SIM the scenario for that date, you will see what I mean.

Here on the H4, we have the 23.6 hit also.

So in the instance shown for entry on that date, there were a lot of rules pointing for a Short.
Afterwards and after the TP was hit, Was the pullback with PSAR hit sync as Resistance on both the H2 and the H4. Along with a Red Fibo and the H2 & H4 23.6 Fibo having been hit. ROMAR on H1 was Support and Resistance with the Purple.

All these things can be easily seen when relaxed and after the fact. May we encourage posting some more entries before the fact perhaps good people. Then we can go over your trades. In this way, we can help get people into a relaxed frame of mind during our trading. The point is to learn, then help others. To struggle alone may be a trap for some traders.

Remember

 

  1. Post 14,286 especially this line...Entry post should have H2 screen shot showing the entry and rules and adjustments


No rules stated, = no evaluation by traders who have been here for a while now. The reason is because without a stated set of rules being applied and written into the plan, people guess the entry rule and hope for the best rather than knowing when trying to apply a rule to a scenario. When we see rules being applied, then we can see where the trades are good or not and hopefully we may accordingly give good guidance.

It is a New Year. Welcome to your future. The good news is, your future is your choice.

Attached Image(s) (click to enlarge)
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If you make up your own rules then the story is sad.....
  • #16,912
  • Jan 3, 2021 10:01am Jan 3, 2021 10:01am
Quoting OliveBranch
{quote} Thank you for your greetings, I am sure everyone here is with me and feels warmed by your caring. Take a breath. Relax. You and Mexican have mentioned the Daily BB hit. Also you have both mentioned the PSAR hit. And you waffled. You were very much to the point and used minimal words, but you waffled. I am the king of waffling, so I know what I am talking about and waffle will kill your success rate. So what I am saying is, you have observed what happened by retelling the story of what happened. Which is fine to a certain point. Let us help...
Thank you for your time & trouble with the above, you have answered your question in your # 16911. I remain confused, no doubt due to a shortage of brain cells.

Have a great 2021.

Maas
  • #16,913
  • Jan 3, 2021 8:06pm Jan 3, 2021 8:06pm
It is just a matter of training or retraining ourselves to see. Not because of a shortage of brain cells. & thank you. You have a good one too.
If you make up your own rules then the story is sad.....
  • #16,914
  • Jan 5, 2021 3:50am Jan 5, 2021 3:50am
I received a PM from a trader currently unable to post until they complete the instructions given to us all.
Perhaps this is a valuable lesson for others following, so I will share here. Maybe it is just waffling. Choose, Lesson V's Waffle.
Please allow me to rightly or wrongly share my understanding on this thread's philosophy.

Thank you so much for entertaining my request.
actually i tried .....(edited)....is it a bad idea?

You had apologised for interrupting me through sending a pm (private message). Asked a question, then ignored my advice in response to your 1st question and then you inform me you did something else instead and asked for further advice with the asking a 2nd question before and without first following through on the advice to your first question. Why should I answer a second question when all I hear is The Boy Who Cried Wolf (Aesop fable)?

I am not here to entertain. I'm here to aid in training/learning. I realise your intent on the use of the word "entertain" is not as I have implied. However, everyone please ask themselves how long will traders here on this thread who have studied the Paradox system for many years try to assist students who flip flop around and willfully do not follow through on advice given from those whom are more experienced? To me, trading is work. A business. Trading is not and never will be my hobby. Traders here whom are teaching are giving back for what we have been thankful in receiving. Teaching is also work for me as well. Unpaid. Voluntary. But still work. Learning to trade must be treated as work or a business. Sloppy work, sloppy business = sloppy results. As such:- You own all of the work. You own all of the business. You own all of the mistakes. You also receive all of the blessings. Learning is and always is done one step at a time. However, If students wish to not train their self and their mind correctly, with discipline, then perhaps this thread is not for them. Dana has said up front and early on in his legacy that this system is not for everyone. Decide. Yoda once said, "Do or do not, there is no try." Decide.

Sure, I may at times share some humour to lighten the mood. I can not speak for others helping out here, past and present, however I have a higher purpose and to entertain is not the purpose for my presence here.
If you make up your own rules then the story is sad.....
  • #16,915
  • Jan 5, 2021 7:40pm Jan 5, 2021 7:40pm
Has anyone else been having performance issues with the paradox Period_Converter_Opt? It's been running very choppy for me since December, even after a complete re-install. Forex.com build 1320 on server 121. Ideas?
candy is dandy but liquor is quicker
  • #16,916
  • Jan 5, 2021 9:10pm Jan 5, 2021 9:10pm
Please describe "choppy" so I can understand a little better what you are trying to describe.
I have been having troubles with mt4 myself. Perhaps we are experiencing the same thing.
If you make up your own rules then the story is sad.....
  • #16,917
  • Jan 6, 2021 12:51am Jan 6, 2021 12:51am
No trouble for me. Running MT4 on PC(good spec) at home and on laptop(i5-8250U, 4gb RAM) at work. Both work fine. But some time ago I had lagging issues on work laptop. The issue was: too many windows open in MT4. Now I have 4 windows open (H1, H2, H4, Daily), no issues.
  • #16,918
  • Jan 6, 2021 3:13am Jan 6, 2021 3:13am
Quoting sharoonas
No trouble for me. Running MT4 on PC(good spec) at home and on laptop(i5-8250U, 4gb RAM) at work. Both work fine. But some time ago I had lagging issues on work laptop. The issue was: too many windows open in MT4. Now I have 4 windows open (H1, H2, H4, Daily), no issues.
Exactly right, you will get lag when doing that.
If you make up your own rules then the story is sad.....
  • #16,919
  • Jan 6, 2021 9:20am Jan 6, 2021 9:20am
Inserted Video


If you guys haven't done this yet. here is a how to speed up your mt4 video
  • #16,920
  • Jan 6, 2021 9:24pm Jan 6, 2021 9:24pm
Force, if I could kiss you - I would...
If you make up your own rules then the story is sad.....
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Etch10