The paradox System 2023 (for beginners) | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

The Paradox System 17,308 replies

Paradox System: post your entry here 12 replies

Paradox system avg monthly ROR for last 12 months 33 replies

Learning the Paradox System=Set up / Trade Plan / Results Only 1 reply

lets talk about the system called PARADOX 2 replies

Attachments: The paradox System 2023 (for beginners)
Exit Attachments

The paradox System 2023 (for beginners)

  • #81
  • May 24, 2023 10:28am May 24, 2023 10:28am
And the thing that will really blow your mind (it did mine when I finally saw the light) how the unscheduled announcements, tweets etc all coincide with the market at support or resistance with the trend when in consolidation. On Monday with that silly AI fake image of the explosion and how it shot the EURUSD down? Well guess where the market was and what the trend was saying. Sat at resistance just waiting to drop. Once you figure the Paradox System out, you pull the trigger and the prop traders at the banks/ institutions do the work for you.
  • #82
  • May 24, 2023 10:33am May 24, 2023 10:33am
Quoting L1ghtning
{quote} What you are witnessing is Support and Resistance holding the market between them. Pull up the EURUSD now and see what I mean. The market is getting thrown around and its times like these I really do see the clarity in Dana's teachings and how he figured out how the forex market works. Please tell me you took the USDCHF entry at the Frankfurt open, I literally gave away a free trade yesterday with another entry on it this morning
No I did not. I keep in mind your advice to watch other pairs for clues but focus only on EJ for the trade. I have to keep it simple because otherwise I add confusion
  • #83
  • May 24, 2023 4:14pm May 24, 2023 4:14pm
Quoting Danielesse87
{quote} No I did not. I keep in mind your advice to watch other pairs for clues but focus only on EJ for the trade. I have to keep it simple because otherwise I add confusion
Fair point about keeping it simple, I understand that.
This is a very good example with the visuals for you. Take a look and see what the Paradox is saying to you in this moment

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
  • #84
  • May 24, 2023 5:46pm May 24, 2023 5:46pm
Quoting L1ghtning
{quote} Fair point about keeping it simple, I understand that. This is a very good example with the visuals for you. Take a look and see what the Paradox is saying to you in this moment {image} {image} {image} {image}
I see 4h/2h/1h full UP. The daily has Ema and 4horseman UP with Romar holding resistance at a distance of about 20 pips. I would wait for a retrace with enough room to Romar Daily before going LONG
  • #85
  • May 24, 2023 5:47pm May 24, 2023 5:47pm
I'm about to go to sleep and took a look at EJ...just saw a 60 pip drop!! No news at the moment... who knows what it's due to!
  • #86
  • May 24, 2023 6:04pm May 24, 2023 6:04pm
Quoting Danielesse87
{quote} I see 4h/2h/1h full UP. The daily has Ema and 4horseman UP with Romar holding resistance at a distance of about 20 pips. I would wait for a retrace with enough room to Romar Daily before going LONG
The bigger picture - resistance
Attached Image (click to enlarge)
Click to Enlarge Name: H2 entry.png Size: 44 KB
  • #87
  • May 24, 2023 6:12pm May 24, 2023 6:12pm
Quoting L1ghtning
{quote} The bigger picture - resistance {image}
Interesting. so do you consider the daily resistance strong enough to take 40 pips down? even if you have a lot of supports on the rest of the charts? was your trigger an open candle below purple 2h?
  • #88
  • May 25, 2023 2:39am May 25, 2023 2:39am
Hi there Danielesse87, just wanted to say that there is a reason some paradox traders migrate from EJ or UJ pairs. I used to concentrate to EJ only way back but noticed that almost all good setups happened when I was asleep(eastern europe). So I switched to GU. All the action happens between 8 am to 8 pm broker time (considering you are using forex.com UK-Demo 106 for your demo account as everybody did).
My point is that you are free to choose your pair of your liking. This is not original thread and nobody's going to shoot you for this. Just my two cents.

P.S. Listen to L1ghtning. Very good lessons.
  • #89
  • May 25, 2023 3:00am May 25, 2023 3:00am
Quoting sharoonas
Hi there Danielesse87, just wanted to say that there is a reason some paradox traders migrate from EJ or UJ pairs. I used to concentrate to EJ only way back but noticed that almost all good setups happened when I was asleep(eastern europe). So I switched to GU. All the action happens between 8 am to 8 pm broker time (considering you are using forex.com UK-Demo 106 for your demo account as everybody did). My point is that you are free to choose your pair of your liking. This is not original thread and nobody's going to shoot you for this. Just my...
Hello Sharoonas,
Thanks for writing here. I have no idea why with forex.com I can't download MT4. It's certainly not the first time I've done it and I don't understand my difficulty. When I try to download MT4 what I get is another platform. I was advised by another original thread participant to download city.indexdotcom. So this is what I'm using. Thanks
  • #90
  • May 25, 2023 3:14am May 25, 2023 3:14am
Quoting Danielesse87
{quote} Hello Sharoonas, Thanks for writing here. I have no idea why with forex.com I can't download MT4. It's certainly not the first time I've done it and I don't understand my difficulty. When I try to download MT4 what I get is another platform. I was advised by another original thread participant to download city.indexdotcom. So this is what I'm using. Thanks
in this thread I have indicated only one pair not because I think you can't trade other pairs but because I consider this a learning thread. If everyone shares the same pair then it's easier to be aligned. Problem is, right now "everyone" is just me LOL
  • #91
  • May 25, 2023 3:36am May 25, 2023 3:36am
I understand. The reason I wrote is that you may get more opportunities with other pair for your practice. I can see you're from Italy, so 1 hour behind me.

Anyway good luck. Keep posting your entries and results. Other paradox traders may pop in and give you some insights.
  • #92
  • May 25, 2023 3:42am May 25, 2023 3:42am
Quoting sharoonas
I understand. The reason I wrote is that you may get more opportunities with other pair for your practice. I can see you're from Italy, so 1 hour behind me. Anyway good luck. Keep posting your entries and results. Other paradox traders may pop in and give you some insights.
thanks for advices. Much appreciated. Yes, I will continue to do so. These days I have stopped publishing plans because I realized I was confused about certain aspects so I went back to the studio. Right now I'm busy with the construction of my summary pdf. Come by when you want. Thanks, see you soon
  • #93
  • May 25, 2023 10:44am May 25, 2023 10:44am
Don't see this often on here; traders admitting mistakes. I got this trade wrong. Out with +1. If you get your entries wrong, don't panic, map out the support and resistance's again and take it from there
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 43 KB
  • #94
  • Edited 2:25pm May 25, 2023 12:53pm | Edited 2:25pm
Quoting L1ghtning
Don't see this often on here; traders admitting mistakes. I got this trade wrong. Out with +1. If you get your entries wrong, don't panic, map out the support and resistance's again and take it from there {image}
Thank you for this. You definitely learn more from mistakes than from a winning trade. Can you be so kind as to explain this entry? I thought you bet on Romar daily's strong resistance and that you used a 2h opening under purple as a trigger. it's correct? I see no other reason as all charts were set to bullish
  • #95
  • May 25, 2023 2:03pm May 25, 2023 2:03pm
Quoting Danielesse87
{quote} Thank you for this. You definitely learn more from mistakes than from a winning trade. Can you be so kind as to explain this rumor? I thought you bet on Romar daily's strong resistance and that you used a 2h opening under purple as a trigger. it's correct? I see no other reason as all charts were set to bullish
Daily 61.8 with Romar resistance and DB with standard and hidden divergence showing
  • #96
  • May 26, 2023 6:16am May 26, 2023 6:16am
Hi! I haven't posted my plan but I'm in a LONG trade on EJ since the opening of the last 2h candle. We have the daily full Up with opening above purple and in balance. The 2h finished its bearish swing with what should be a slider. In fact, smooth crossed purple but Ema failed to cross purple and PSAR held its resistance. We had an open candle above smooth and Ema and that's where I did my entry. 4h is Full UP with White slipping below Purple. 1H didn't catch Romar with the market hanging for 4 hours above it. Any comments are welcome, thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 45 KB
  • #97
  • May 26, 2023 10:26am May 26, 2023 10:26am
Quoting Danielesse87
Hi! I haven't posted my plan but I'm in a LONG trade on EJ since the opening of the last 2h candle. We have the daily full Up with opening above purple and in balance. The 2h finished its bearish swing with what should be a slider. In fact, smooth crossed purple but Ema failed to cross purple and PSAR held its resistance. We had an open candle above smooth and Ema and that's where I did my entry. 4h is Full UP with White slipping below Purple. 1H didn't catch Romar with the market hanging for 4 hours above it. Any comments are welcome, thanks {image}...
USD high impact release went with the trend, but you knew this ahead of time with the charts - so your entry hit the TP
But, you haven't caught the entry from support. This happens all of the time; look at H2 and the very specific setup which happened and look at H4 at the same time.
  • #98
  • May 26, 2023 12:35pm May 26, 2023 12:35pm
Quoting L1ghtning
{quote} USD high impact release went with the trend, but you knew this ahead of time with the charts - so your entry hit the TP But, you haven't caught the entry from support. This happens all of the time; look at H2 and the very specific setup which happened and look at H4 at the same time.
could you be more specific please? something to do with SAR attachment on 2h? If you're referring to that I had seen it. But I'm still not sure when there will be a return to the trend and when it will be a turn with the DB/SAR attachment. this weekend I'm going to study that. I saved a lot of information, I just have to go back to read it all. I preferred to wait for a confirmation that that bearish swing would not go further and that the parabolic would hold as support. That slider gave me confirmation and the entrance wasn't that far from the 4 horsemen so it seemed like a good entry to take. Thank you
  • #99
  • May 26, 2023 2:35pm May 26, 2023 2:35pm
Quoting Danielesse87
{quote} could you be more specific please? something to do with SAR attachment on 2h? If you're referring to that I had seen it. But I'm still not sure when there will be a return to the trend and when it will be a turn with the DB/SAR attachment. this weekend I'm going to study that. I saved a lot of information, I just have to go back to read it all. I preferred to wait for a confirmation that that bearish swing would not go further and that the parabolic would hold as support. That slider gave me confirmation and the entrance wasn't that far...
I will help you, but you need to listen and look. At the same time as the H2 was at support with the SAR look at H4

The moment
  • #100
  • May 26, 2023 5:59pm May 26, 2023 5:59pm
Quoting L1ghtning
{quote} I will help you, but you need to listen and look. At the same time as the H2 was at support with the SAR look at H4 The moment
ok I think I get it. 2h SAR attachment and 4h Ema support = confluence. Forgive me and thank you for your patience. Have a good weekend
0 traders viewing now