The paradox System 2023 (for beginners)

Quoting L1ghtning

Disliked

Lets get some trades into this thread for screen time. Here is my trade for today. Again, you don't have to trade EJ exclusively. The Paradox works on all pairs, but that does come with some caveats. Its beautiful on JPY pairs. Mid candle entry at resistance {image} {image} {image} {image}

Ignored

Quoting Danielesse87

Disliked

{quote} For my benefit and that of others who are learning, I will try to summarize the reasons why mine was a bad trade. Are you kind enough to add more? At the moment/candlestick when I entered the short we had: 1- DB/SAR attached to the bottom of the 4h candle (next attachment to the top of a candle) 2- DB/SAR attached to the bottom of the candle 2h (next attachment to the top of a candle) and perhaps the most important 3- We had already tested the 61.6 fib support on 4h and also on 2h The above in a context of consolidation with EMA resistance...

Ignored

Quoting L1ghtning

Disliked

{quote} It is very very difficult to convey over a forum on the internet, and it will come in time if you keep practicing and keep at it. I know where your at and I remember when I was there. Its not just about the DB hit this or that, or the SAR was here and the BB was here etc etc - its about the whole picture of the market in that moment. You have to have all 4 charts open at the same time, stand back and look. The simple answer is you went short into support in the moment and the only reason you got 40 pips was because the gap and volatility...

Ignored

Quoting Danielesse87

Disliked

{quote} Yes, I'm trying to see the whole picture. I took that entry precisely because 4h 2h and 1h were in line to go short and because it was more than 40 pips away from Romar. But I trust your experience and wanted to understand what specific reasons/elements made this trade a bad trade. I was convinced that I took the entry from the resistance (PSAR) so it confuses me a lot to hear that I took my short into support. I hope it becomes clearer with time and today is a happy day for me because thread has come to life. I know it won't be easy but...

Ignored

Quoting Danielesse87

Disliked

I deleted all files, reinstalled indicators and templates. These are my charts. I hope they are correct (considering I restarted MT4) {image} {image} {image} {image}

Ignored

Quoting Lusky

Disliked

{quote} Only your H4 has the wrong SAR and or does not have the SAR indicator. Are you running multiple instances of MT4 and maybe just the MT4 you have the H4 on still has the old SAR?

Ignored

Quoting Danielesse87

Disliked

{quote} the paradox SAR swing indicator is in the list of indicators on 4h. I can also see it if I go back in the chart. I have other MT4 installed on pc which are not running though.

Ignored

Quoting Lusky

Disliked

{quote} yea it seems obvious you are doing in correctly because the new SAR Swing is on all your other time frames, I'm not sure why it doesn't show on your H4. I actually use 6 instances of MT4, I put the 6 time frames, H1 through MN up all across 2 49" curved monitors each on a wall mount one on top the other so I don't have to click back and forth, this was very helpful for me.

Ignored

Quoting Danielesse87

Disliked

{quote} Really, I do not know. But my 4h looks the same as the one shared by lightning a few posts ago. I'm on a 24" monitor. Too small to have more than one chart open. I have to jump from one to another all the time. This is also why it's hard for me to follow other pairs than EJ

Ignored

Quoting Lusky

Disliked

{quote} L1ightning's H4 shows 'Copyright @ 2009, The Dove Alliance" at that top making his correct. Only your H4 is incorrect and this is how you can tell.

Ignored

Quoting Danielesse87

Disliked

{quote} Which model should be uploaded to 4h? the same as 2h or the same as Daily?

Ignored

Quoting maritu

Disliked

{quote} Hi Daniel. This is H4 template from from our great teacher and read the post 10544 from the main paradox system forum, Dana had given instruction how to use the h4 chart. {file}

Ignored

Quoting Lusky

Disliked

{quote} correct, that is one of the first two I was looking for, plus the hit would also confirm one off Dana's list of "entries with an edge" showing another reason beyond the first two I was looking for on the H2

Ignored

Quoting SeriTrade

Disliked

Here is my plan and please all comments are welcome. I just realise I pull the trigger too early (before writing plan). By the way is my screen correct? Date: 31st May 2023 Daily: ROMAR - Support EMA - Support PSAR - Support Last MACD 0 crossing - up. Last EMA Alert Arrow - up before MACD Last DB Attachment - Both DB/SAR attached on top Fibo up or down - Fibo down Notes: The 4 horsemen are in the uptrend with white cross Purple for down. 4 HR: ROMAR - Support EMA - Resistance PSAR - Resistance Last DB Attachment - Both DB/SAR attached bottom Fibo...

Ignored

Quoting L1ghtning

Disliked

{quote} You are correct that you did go short at resistance, I just want you to understand that the only reason you got 40 was because of the gap. On another day in lower volatility, you wouldn't. Its called the rabbit cage. If your serious about trading, put your everything into this. I trade it almost everyday. It will drive you to the point of madness while learning, but once you figure it out in your head, it becomes a pleasure to trade the markets.

Ignored

Quoting SeriTrade

Disliked

{quote} SL hit. Evaluation: at entry 1. Althought 2H open above Smooth, White did not cross Purple. Purple and White slide under Smooth. Entry at resistance (2H EMA) for Long. 2. 1H EMA has not cross Purple for up. Romar resistance, EMA resistance. 3. 1H and 2H are not in sync. 4. 4H, 4HM pointing down 5. Worse of all is once 2H gold divergence attach bottom with DB/SAR, thinking market will go up.

Ignored

Quoting MustardJam

Disliked

{quote} One of the first things said is White AND Smooth have to cross purple for an entry long (or short but long in this instance). I'm still going through the pages but I didn't have it in me to short with 2 hour ROMAR as Support still. There's really no shot ROMAR was going to cross EMA today. This was a tough read personally. Maybe L1ghtning can shed some light on it. - The daily is up. EMA is also right there as support - 1 Hour was up as well with PSAR and the 4 horsemen turning (although ROMAR is resistance...

Ignored