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The Paradox System

  • #17,221
  • Aug 11, 2022 2:13am Aug 11, 2022 2:13am
Hi Rocket,
Post 17181 was a demonstration of consolidated ranging (you know the rules - double top and that sort of thing), so it's not the same as the current situation. But I know what you mean.
Yesterday the market dropped about 170 pips in 4 hours and since then it has been trading in a narrow band of 40 pips (give or take) and it's deciding what it is going to do.
Dove always wrote about 'the big picture' and 'trading in the moment'.
He would say 'don't think, just do what the Paradox is telling you'.
At the start of the thread he used snippets of charts to explain this. It really makes a lot of sense to get your mind to think in these terms.
So if you're anticipating a turn in the market and trying to get in early what you are doing is thinking, anticipating and trying to predict. Which you shouldn't.
There are rules for entry in this scenario (consolidated downtrend on the 2H just at the moment) and for a turn (which hasn't happened yet).
Anyway, they're my thoughts and I'd be happy for anyone else to pull them apart if they have other ideas.
Cheers
  • #17,222
  • Aug 11, 2022 2:18am Aug 11, 2022 2:18am
Quoting Rocket101
Could anyone shed some light please… It has been mentioned many times that in consolidation, you wait for an alternative color candle before you take a trade. For example – at the bottom, you wait for a green candle and then at the next candle, you take a trade up. However, it has happened many times that the next candle after the green candle is then a red candle and then the market goes down again. The 1 hour has the White/Purple cross for the up, but still, the market goes down. Post 17181 explains how to trade these but just look at the market...
The short answere is downunder and i were discussing ranging entries which is one form of consolidation. in that case it was DB ranging on H2. while some of those entries arnt ideal it was a rough idea on how we both understand it.

edit: Looks like Downunder beat me to it
Causa sui
  • #17,223
  • Aug 11, 2022 4:14am Aug 11, 2022 4:14am
Thank you Downunderfx and Mexican 301 for your replies. I understand it better now.

The market pulled back to 2 HR EMA and I took the sell trade down as per my plan.
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  • #17,224
  • Aug 11, 2022 6:02am Aug 11, 2022 6:02am
Just re-read Post 14663 - helped me and corrected a number of my misconceptions.
  • #17,225
  • Aug 11, 2022 6:11am Aug 11, 2022 6:11am
Quoting downunderfx
Just re-read Post 14663 - helped me and corrected a number of my misconceptions.
Thank you!!

I started re-reading post 20... post 26 & 27... and now I have added to the list.

I appreciate your help so much!
  • #17,226
  • Aug 11, 2022 7:08am Aug 11, 2022 7:08am
Quoting Rocket101
Thank you Downunderfx and Mexican 301 for your replies. I understand it better now. The market pulled back to 2 HR EMA and I took the sell trade down as per my plan. {image}
Evaluation:
TP 40 hit. However, my entry was too early. If I waited for a better resistance between Romar and EMA on the current candle, I would not have gone into the negative.
I am not really satisfied with this trade. I struggle with entries, but I will get better at it.
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  • #17,227
  • Aug 11, 2022 11:51pm Aug 11, 2022 11:51pm
Hi everyone, this is my plan for today.

Date: 12/08/2022 17:00 EST (23:00 GMT +2)

News: (USD) Prelim UoM Consumer Sentiment (16:00 GMT+2)
Daily:
ROMAR – Resistance
EMA – Support - crossed Purple
PSAR – Support
Check List:
Last MACD 0 – Up
Last EMA Alert Arrow – Up
Last DB Attachment – Bottom @ 133.389
Last SAR Attachment - Top @ 138.382
FIBO – Green Up
Notes: The Daily is in consolidated turn for the Up. EMA crossed Purple to support. Market in balance with Purple. Approx. 75 pips from EMA support to Romar resistance for the up. Parabolic support is now locked in.
4 HR:
Romar – Resistance
EMA – Resistance
PSAR – Resistance
Check List:
Last DB Attachment – Bottom @ 136.289
Last SAR Attachment – Bottom @ 136.289
FIBO – Red Down
Notes: DB and SAR are running separately with blue Divergence, showing a move to resistance is coming.
Smooth crossed White and at the crossing of Purple up. 4 Horses are turning for the up
2 HR:
ROMAR – Resistance but at the cross with EMA
EMA – Support – crossed Purple
PSAR – support
Check List:
Last MACD 0 crossing – Up
Last EMA Alert Arrow - Red Down
Last DB Attachment – Bottom @ 136.289
Last SAR Attachment – Bottom @ 136.289
FIBO – Up
Notes: Market has turned from the bottom up. Romar at the cross with the 4 Horsed to change trend.
1 HR:
ROMAR – Resistance
EMA – Support
PSAR – Support
Notes: 4 Horses changed from downtrend to uptrend.

Market @ 07:00 GMT + 2
Notes for readjustments:
4 HR:
Romar resistance
EMA at the cross with Purple to support/slider
PSAR flipped to support
2 HR:
Romar support
EMA support
4 Horses in uptrend
DB and SAR attached with one Divergences at the top @ 137.602
FIBO green.Market tested the 61.8FIBO but did not break it as yet.
1 HR:
Romar support
EMA support
Parabolic support
4 Horses in uptrend
FIBO red

Closest Support and Resistance
Daily – EMA(support) Romar & 38.2 FIBO (resistance)
4 HR – EMA (support) Romar & 23.6 FIBO (resistance)
2 HR – Romar & EMA (support) 23.6 FIBO (resistance)

Rules:
Consolidation – trading both ways.
Trade from support to resistance and vice versa. If the trend is down you trade from the top if the trend is up you trade from the bottom. (post 20)
ROMAR sliding under EMA and the entry is at the OPEN candle above EMA

Final Notes:
Market still in consolidation due to Daily and 4 HR Romar resistance. But there is a swing up. 4 HR market is trading above the Romar resistance and the SAR attached at the top when Parabolic jumped to support.
2 HR Horses in an uptrend and testing the 61.8 FIBO, but has not breached it yet. Trading from top to bottom or bottom to top in consolidation, but with only one Divergence attached, the market can still go higher to bring out the Hidden Divergence. Pullback to support, which is the 2 HR Romar/EMA would be a trade with the trend.

I’ll take a long trade when the 2 HR market pulls back to Romar. That is a trade with the trend
  • #17,228
  • Aug 12, 2022 4:02am Aug 12, 2022 4:02am
Quoting Rocket101
Hi everyone, this is my plan for today. Date: 12/08/2022 17:00 EST (23:00 GMT +2) News: (USD) Prelim UoM Consumer Sentiment (16:00 GMT+2) Daily: ROMAR – Resistance EMA – Support - crossed Purple PSAR – Support Check List: Last MACD 0 – Up Last EMA Alert Arrow – Up Last DB Attachment – Bottom @ 133.389 Last SAR Attachment - Top @ 138.382 FIBO – Green Up Notes: The Daily is in consolidated turn for the Up. EMA crossed Purple to support. Market in balance with Purple. Approx. 75 pips from EMA support to Romar resistance for the up. Parabolic support...
Entry as per my plan
Buy for 40
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  • #17,229
  • Aug 12, 2022 6:49am Aug 12, 2022 6:49am
Quoting Rocket101
{quote} Entry as per my plan Buy for 40 {image}
Evaluation: TP hit - took 40 from the market.

I traded my plan and it delivered.
I opened the order on the opening of the new candle. I thought it would go down to Romar, which it did.
If I entered within the 2HR candle and on the touch of Romar, the 40 pips would have been just below the 61.8 resistance. For this trade to run full circle, I had the risk of the 61.8 Fibo. resistance.

Comments will be appreciated.
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  • #17,230
  • Aug 12, 2022 7:06am Aug 12, 2022 7:06am
Well done: you're rocketing up the rankings.

ATB
Maas
  • #17,231
  • Aug 12, 2022 9:00am Aug 12, 2022 9:00am
Quoting maas
Well done: you're rocketing up the rankings. ATB Maas
Thanks Maas, I thought I am not capable of understanding the Paradox.... but slowly things are falling in place. I am very grateful to Dana and everyone that contributed to this amazing system.
It's truly a gift from God.
  • #17,232
  • Aug 14, 2022 10:26pm Aug 14, 2022 10:26pm
Hi everyone, this is my plan for today.

Date: 15/08/2022 17:00 EST (23:00 GMT +2)

News: No red News
Daily:
ROMAR – Resistance
EMA – Support - crossed Purple
PSAR – Support

Check List:
Last MACD 0 – Up
Last EMA Alert Arrow – Down
Last DB Attachment – Bottom @ 133.389
Last SAR Attachment - Top @ 138.382
Fibo – Green Up

Notes: The Daily is in consolidated turn for the Up. EMA crossed Purple to support. Romar approx. 75 pips from EMA support.
4 HR:
Romar – Resistance sliding EMA
EMA – Support
PSAR – Support

Check List:
Last DB Attachment – Top @ 137.706
Last SAR Attachment – Top @ 137.706
Fibo – Red Down

Notes: DB and SAR together at the top but with no Divergence attached.
Romar crossed Purple and is sliding EMA. White crossed Purple for the turn down. Market at Parabolic support.

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

Check List:
Last MACD 0 crossing – Down
Last EMA Alert Arrow - Red Down – sequence with M A C D is incorrect – White then Red
Fibo – Red Market trading at 61.8

Notes: 4 horses in strong downtrend. Bollinger bands are open for the down.
Trading at 0.0 Red Fibo.

2 HR:
ROMAR – Support but crossed Purple for a turn to resistance
EMA – Resistance – crossed Purple and White and at the cross with Smooth
PSAR – Resistance

Check List:
Last MACD 0 crossing – Down
Last EMA Alert Arrow - Red Down – sequence with M A C D is correct – Red then White
Last DB Attachment – Top @ 137.706
Last SAR Attachment – Top @ 137.706
FIBO – Green Up - market at the 23.6 Fibo

Notes: 1 HR not yet in sync with the 2 HR. 2 HR Romar must be resistance to be in sync.
Market has turned from the top to the bottom. Consolidated ranging down. Romar is now support, but very close to EMA for a cross or a slider.
EMA is resistance and crossed Purple and White – now at the cross of Smooth
PSAR is resistance
4 Horses changed from uptrend to downtrend.
DB and SAR together at the bottom with Divergence.
A Lower low (LL) label attached at the bottom at 23.6 green fibo – market could go lower. No entry on LL label.

Closest Support and Resistance
Daily – Resistance – Romar & 50.0 FIBO Support – Smooth & 38.2 Fibo
4 HR – Resistance – Romar Support – Parabolic & 61.8 Fibo
2 HR – Resistance – EMA Support 23.6 Fibo

-------------------------------------------------------------------------------------------------------------
Adjustments @ 05:00 GMT +2
Notes for readjustments:
4 HR: Romar crossed Purple and White and slides Romar and Smooth. Parabolic jumped to resistance. Consolidated down. SAR now at the bottom @ 136.442
2 HR: Romar crossed Purple, turning to resistance. 4 Horses strong down trend now. DB and SAR at the bottom with both divergences moved from candle to candle with the down.
1 HR: Romar, EMA and the 4 horses downtrend. Trading between 61.8 and 100 red Fibo.

Rules:
Consolidation – trading both ways.
When the LL Label attaches, it is not an entry. Then you use the Fibo 23.6 or 61.8 for an entry for support or resistance (post 14663)

Last comments: 2 HR now in sync with the 1 HR. All 3 charts in sync – Only the Daily EMA still support, but the market is trading below the 4 Horses of the Daily
Entry:
Spread too high on open of Sydney candle. Will wait for a better spread and more pullback.
Will trade only Short from resistance with the trend.
Possible entry was at the 01:00 2 HR candle that opened below Smooth, but I was hesitant for a bigger pullback.
I should have taken the trade because it moved more than 40 and it was with the rule of the LL label.
What stopped me was both divergences that attached at the opening of Sydney. Yet, the market moved lower and lower with the divergences attached. Lack of experience and knowledge made me hesitant about the trade.
Hopefully, I will get another chance, but now the Asian session is nearly something of the past and I am still not in the market as yet.
The risk gets more and more.

Entry for a short will be at the retrace to 2 HR resistance. EMA, Smooth or 23.6 Green Fibo.
  • #17,233
  • Aug 15, 2022 4:54am Aug 15, 2022 4:54am
Quoting Rocket101
Hi everyone, this is my plan for today. Date: 15/08/2022 17:00 EST (23:00 GMT +2) News: No red News Daily: ROMAR – Resistance EMA – Support - crossed Purple PSAR – Support Check List: Last MACD 0 – Up Last EMA Alert Arrow – Down Last DB Attachment – Bottom @ 133.389 Last SAR Attachment - Top @ 138.382 Fibo – Green Up Notes: The Daily is in consolidated turn for the Up. EMA crossed Purple to support. Romar approx. 75 pips from EMA support. 4 HR: Romar – Resistance sliding EMA EMA – Support PSAR – Support Check List: Last DB Attachment – Top @ 137.706...
No trade taken
Evaluation: There were 2 entries and I missed both. The first one because I was waiting for a deeper pullback and the second one - I waited for the pullback to Smooth and it did not come with the opening of the candle.
I am not going to trade further today, because then it will be in violation of my plan. My apologies for wasting your time...
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  • #17,234
  • Aug 15, 2022 2:48pm Aug 15, 2022 2:48pm
Hi Rocket,

I found your post most helpful, the reverse of a waste of time.

Many thanks,
Maas
  • #17,235
  • Aug 16, 2022 1:14am Aug 16, 2022 1:14am
Yes, agreed Maas,

Seems to me Rocket is posting in accordance with post 2783.
I feel certain Rocket posts their plans with that ethos in mind and will one day help others when the time is right.
Unless rules are deliberately broken, there is no waste of time.
If you make up your own rules then the story is sad.....
  • #17,236
  • Sep 22, 2022 1:57am Sep 22, 2022 1:57am
Deleted post, re=posted with better format as per below
If you make up your own rules then the story is sad.....
  • #17,237
  • Sep 22, 2022 2:01am Sep 22, 2022 2:01am
From my diary entry EJ trade undertaken yesterday ...

Wed Sep 21 at 5:06pm
Adjustment:-
EJ Long....H2 Fibo flipped to Green, after a Lower BB hit on H1, H2 & H4. Now all 3 lower TFs are sync Fibo.
H4 has 2hrs to go on the H4 bar before new one.
H4 ROMAR also hit with a DB. All 3 Lower TF DB's on bottom.
Risk is the power bar cause by Unexpected Red News with Nuclear threat type things.

Evaluation:-
TP hit. 40 pips taken from the market.
Vulture trade. Trusting the Paradox charting.

H2
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H4
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H2 TP hit, +40 pips taken from the market.
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Ticket
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If you make up your own rules then the story is sad.....
  • #17,238
  • Oct 5, 2022 7:30am Oct 5, 2022 7:30am
It has occurred to me that we should mention the discrepancies of the FF calendar over many months now when it comes to Red News. Compared to when the thread was started.
What used to be Red News (High impact) has been curtailed as orange, sometimes yellow news in some instances.
So when looking at the calendar, please be mindful of what is within the news releases list and do not simply skim through the calendar looking for Red folders.
As an example, the Opec meetings (some people call them Oil Cartel meetings) used to always be Red News...today we have....
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If you make up your own rules then the story is sad.....
  • #17,239
  • Oct 5, 2022 11:20am Oct 5, 2022 11:20am
Hey guys, it's my hope you're pushing on. Below is my week's trade.

GBPJPY, not EURJPY.
_____5____th trade journal
Weekly.
ROMAR: Support
EMA: Resistance
PSAR: Resistance
NOTES
Horsemen in a full-blown down. DB with standard dev attached bottom at green fibo 0.0 level. EMA arrow up, MACD arrow down.
Daily
ROMAR: Resistance
EMA: Support
PSAR: Support
NOTES
Horsemen in a full-blown up. EMA/MACD arrows up. DB with standard dev attached top.
H4
ROMAR: Support
EMA: Support
PSAR: Support
NOTES
DB with hidden dev attached top at red fibo 0.0 level. White at purple for a cross for a swing low.
H2
ROMAR: Support
EMA: Support
PSAR: Support
NOTES
Smooth/white/purple crossing for a swing low. EMA arrow up, MACD arrow down. DB/SAR with hidden dev attached top at red fibo 0.0 level.
FINAL NOTES:
We’re in a consolidated uptrend. Will long with SAR hit on h2 and open above purple with h4 horsemen in an up. Will short with open below h2 purple and white/purple cross on h4.
Adjustments:

ENTRY
Open below h2 purple and white/purple cross on h4. Took entry short for 200+ pips
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RESULT
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Tp was hit, it was a good trade.

Happy pipping
  • #17,240
  • Oct 6, 2022 7:22am Oct 6, 2022 7:22am
Quoting djiminova
Hey guys, it's my hope you're pushing on. Below is my week's trade. GBPJPY, not EURJPY. _____5____th trade journal Weekly. ROMAR: Support EMA: Resistance PSAR: Resistance NOTES Horsemen in a full-blown down. DB with standard dev attached bottom at green fibo 0.0 level. EMA arrow up, MACD arrow down. Daily ROMAR: Resistance EMA: Support PSAR: Support NOTES Horsemen in a full-blown up. EMA/MACD arrows up. DB with standard dev attached top. H4 ROMAR: Support EMA: Support PSAR: Support NOTES DB with hidden dev attached top at red fibo 0.0 level. White...
For those who are still learning, the EJ is where Dana wants you to start.

I would like to ask something please...

Hello Djimonova,

Thank you for sharing your Longterm (LT) trades again.
May I ask a question for clarification on your focus as well as for my own focus during this entry? As it may be true that we had differing focus.
I ask as this entry also appeared on my entry on the GU yesterday for LT. I entered much earlier.
Same result, or at least it looks like your entry criteria hits TP later on the GU than my own entry; the latter of which has TP hit, your entry criteria, not yet. Time will tell, anything can happen.

My question is, why not enter 1 hour after reset when Spread is back to normal instead of entering later (10 hours after reset) as you had done?
Was it rest time related? Do you always wait for the double confirmation? Where you just late because of life doing real life stuff and obtained the second entry point with patience?
Just wondering because sometimes....if I recall correctly & not speaking bull dust, they can at times just drop immediately and you lose the entry....
Penny for your thoughts.
The GJ Daily Chart right now.


GU trade I took yesterday with data as it stands right now


Here is the Ticket
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If you make up your own rules then the story is sad.....
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