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The paradox System 2023 (for beginners)

  • #201
  • May 31, 2023 2:51pm May 31, 2023 2:51pm
Quoting Danielesse87
{quote} I found this. Post #374 "On this scenario it is showing the change of trend from the down to the up with ROMAR. Notice ROMAR at the PURPLE WITH the 4 horsemen in the uptrend. The entry was with the open candle showing ROMAR at Purple." {image} However, this is an uptrend and the Daily was also in a slightly different situation.{image} I'm not sure that I can take this scenario as a reference for what happened this morning
Lightning could I have your feedback for this? Is this the same scenario as this morning?
  • #202
  • May 31, 2023 3:01pm May 31, 2023 3:01pm
Quoting Danielesse87
{quote} Lightning could I have your feedback for this? Is this the same scenario as this morning?
Dana gave enough in the original thread to gain an understanding, its never the same, but enough to apply the teaching to your current situation in the market. So what I'm saying is, fundamentally it is the same scenario with Purple and Romar but you need to apply it to the bigger picture. Really look at those charts in that moment and try to find the completely risk free entry point - the point where there is zero risk the market is doing anything but going south.
  • #203
  • May 31, 2023 3:01pm May 31, 2023 3:01pm
Quoting L1ghtning
{quote} Thank you for posting. I'm sure you know what the mistake was (trading against the trend), but for the benefit of others: Lets take away the fact the USD had a high impact release incoming; the entry was waiting on a hit off the H2 4HM following the lower BB hit because you still had the room to go downwards. In the downtrend its sometimes, but rarely, Purple (if the trend is incredibly strong) but usually White/ Smooth. But because of the USD high impact release, you had to wait. The SAR hit the resistance (check other charts for further...
While I understand the trend was down, a hit of BB means retrace to the 4H. Purple was 60 or so pips away. I wouldn't trade against the trend typically but the BB hit made it seem within the rules.

From Dana:
Last but not least - The Bollinger Bands:

The Bollinger Bands are also a deadly weapon during consolidation; it will do one of two things when the market hits the bands. It will either retrace back to EMA or retrace back to the opposite band; this happens when the bands are flat which places the market in consolidation. If you do get a hit on one of the bands during consolidation then get in and take profit at least to EMA

In a downtrend is a different story. Once the band is hit retrace are generally to Purple, White, or Smooth. When it gets ready to turn then the market will hit EMA and go into consolidation.

On an uptrend retraces off the band are generally to EMA for profit.
  • #204
  • May 31, 2023 3:06pm May 31, 2023 3:06pm
Quoting MustardJam
{quote} While I understand the trend was down, a hit of BB means retrace to the 4H. Purple was 60 or so pips away. I wouldn't trade against the trend typically but the BB hit made it seem within the rules. From Dana: Last but not least - The Bollinger Bands: The Bollinger Bands are also a deadly weapon during consolidation; it will do one of two things when the market hits the bands. It will either retrace back to EMA or retrace back to the opposite band; this happens when the bands are flat which places the market in consolidation. If you do get...
Ok, let me try and clear that up for you. What that post refers to are these types of hits with BB. The BB being flat - that's when you just pull the trigger. As I said in the previous post, forget the pip count - it only worked because of the daily range of JPY. This setup today was a retrace off the BB in a downtrend back to resistance. Notice the visual differences in how the BB look compared to today.

Sorry for the crap picture quality - these were taken years ago

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  • #205
  • May 31, 2023 4:31pm May 31, 2023 4:31pm
Quoting L1ghtning
{quote} Ok, let me try and clear that up for you. What that post refers to are these types of hits with BB. The BB being flat - that's when you just pull the trigger. As I said in the previous post, forget the pip count - it only worked because of the daily range of JPY. This setup today was a retrace off the BB in a downtrend back to resistance. Notice the visual differences in how the BB look compared to today. Sorry for the crap picture quality - these were taken years ago {image} {image}
Noted.

Also, how do you typically approach a situation where the 4H are down but the FIBO has flipped with the DP, SAR, and Divergence attached?

So similar to the market now where it is attached at 148.583. I know it can continue to make lower lows but it can also mean the end of the trend. That's something i'm still struggling to figure out.
  • #206
  • May 31, 2023 4:44pm May 31, 2023 4:44pm
Quoting MustardJam
{quote} Noted. Also, how do you typically approach a situation where the 4H are down but the FIBO has flipped with the DP, SAR, and Divergence attached? So similar to the market now where it is attached at 148.583. I know it can continue to make lower lows but it can also mean the end of the trend. That's something i'm still struggling to figure out.
I understand what you mean, sometimes the market makes lower lows, sometimes it was the bottom. If you just followed the H2 chart you'd be right/ wrong 50% of the time. This is 'the bigger picture'. And there is no way around that apart from investing your time in watching the market everyday to learn where support and resistance is in the Paradox. There are very subtle hints from Dana in the thread, but there is a lot he didn't say.
  • #207
  • May 31, 2023 4:49pm May 31, 2023 4:49pm
Quoting L1ghtning
{quote} I understand what you mean, sometimes the market makes lower lows, sometimes it was the bottom. If you just followed the H2 chart you'd be right/ wrong 50% of the time. This is 'the bigger picture'. And there is no way around that apart from investing your time in watching the market everyday to learn where support and resistance is in the Paradox. There are very subtle hints from Dana in the thread, but there is a lot he didn't say.
so things like resistance and support on daily 4hr etc correct?

Also is it better to fully read the original thread first before trading? Like you mention to ignore the 1H and use the 4 but I didn’t even get that far yet haha.
  • #208
  • May 31, 2023 4:55pm May 31, 2023 4:55pm
Also, the turns are somewhat spottable for me. Market getting above EMA with crossing of purple/smooth for instance seems to be common. Or retraces to EMA with SAR can be an entry back into a trend. The problem of course is waiting on those turns. Because you can have lower lows and miss entries if you just wait for those specific setups.

As you mention though it comes with time.
  • #209
  • May 31, 2023 6:50pm May 31, 2023 6:50pm
Quoting L1ghtning
{quote} I understand what you mean, sometimes the market makes lower lows, sometimes it was the bottom. If you just followed the H2 chart you'd be right/ wrong 50% of the time. This is 'the bigger picture'. And there is no way around that apart from investing your time in watching the market everyday to learn where support and resistance is in the Paradox. There are very subtle hints from Dana in the thread, but there is a lot he didn't say.
but there is a lot he didn't say.
I was made to belief he said everything is there and nothing has been left out. Could you please give a hint for one or two? That will make us think to get an answer.
  • #210
  • May 31, 2023 8:11pm May 31, 2023 8:11pm
Date: 1st June 2023

Daily:
ROMAR - Support
EMA - Support
PSAR - Support
Last MACD 0 crossing - down.
Last EMA Alert Arrow - down before MACD
Last DB Attachment - SAR attached bottom at PSAR with price box.
Fibo up or down - Fibo down

Notes: Daily is making a turn with both White and Smooth cross Purple for down. Market open at PSAR 70 pips below EMA.

4 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Last DB Attachment - Both DB/SAR attached bottom
Fibo up or down - up

Notes: The 4 horsemen are downtrend with Romar at EMA for crossing down

2 HR:
OPEN PRICE - open with 2 pips gap lower.
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Last MACD 0 crossing - down.
Last EMA Alert Arrow - down after MACD
Last DB Attachment - Both DB/SAR attached bottom with Gold and Lightskyblue divergence.
Fibo up or down - up.

Notes: The 4 horsemen are downtrend, with the market open above Purple, gold/lightskyblue divergence attach bottom indicate end of trend or retrace. White at purple for crossing up.

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Last MACD 0 crossing - down
Last EMA Alert Arrow - down before MACD
Fibo up or down - up

Notes: The 4 horsemen are making a swing up. White and Smooth cross Purple for up, PSAR at EMA for flip up.

Entry:
Consolidation:
Long: once H2 white cross purple and smooth open above Smooth. Same candle in 1H purple cross EMA.
Short: PWS slide under EMA in 2H.

Notes for readjustments:
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  • #211
  • Jun 1, 2023 12:35am Jun 1, 2023 12:35am
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I'm already Long according to this plan. The temptation was to stay out but if I don't try I won't learn. I will put my evaluation later
  • #212
  • Jun 1, 2023 12:47am Jun 1, 2023 12:47am
Quoting MustardJam
{quote} so things like resistance and support on daily 4hr etc correct? Also is it better to fully read the original thread first before trading? Like you mention to ignore the 1H and use the 4 but I didn’t even get that far yet haha.
Hi Mustard. In my opinion you shouldn't wait to read the whole thread. The guys from the original thread started practicing right away while Dana provided more info on the system. I haven't gotten to reading where the 4H is used either. If you read a few posts back, the 4h template was shared with the reference to the post where Dana explains how it should be used.
  • #213
  • Jun 1, 2023 12:52am Jun 1, 2023 12:52am
Quoting Danielesse87
{image} I'm already Long according to this plan. The temptation was to stay out but if I don't try I won't learn. I will put my evaluation later
Here is my entry
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  • #214
  • Jun 1, 2023 1:25am Jun 1, 2023 1:25am
I miss the boat because i was waiting for it to retrace 5 pips above 2H Purple, and as near as to 1H PSAR.
So at next open candle if it retrace to 2H EMA, i will go Long because there is 40 pips to 2H Romar. If not then i will practice it another day.
  • #215
  • Jun 1, 2023 2:26am Jun 1, 2023 2:26am
Quoting Danielesse87
{image} I'm already Long according to this plan. The temptation was to stay out but if I don't try I won't learn. I will put my evaluation later
TP reached
Evaluation: I honestly don't know if this was a good trade. What I can say objectively is that on 4h smooth he could have stopped this upward movement earlier. Even the 2h EMA was still resistance and we didn't have an open above it. What made me pull the trigger was that 1h was ready to climb and on 2h we had white purple cross eliminating PSAR resistance. Smooth was also crossing purple at the open of that candlestick.

P.S Right now it would seem like a good situation to go Short. SAR attached in 4h to the EMA. We also have the SAR in h2 and the EMA hasn't crossed purple yet. But take what I'm writing here with a grain of salt because I'm still learning. I won't take any more trades as I already did for today
  • #216
  • Jun 1, 2023 2:38am Jun 1, 2023 2:38am
The very first thing to start planning a trade on the 1st June 2023 should be this:

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In 90 minutes the EUR has a high impact release and from then on its a choppy day - game over for entries until later in the US session- anyone in the market after the next 90 minutes is just gambling - pure and simple. The market hit support and the releases could take it down or it could continue up, we just don't know and the reason we don't know is.... Dana said it multiple times.

H4 EMA SAR hit just after Romar and EMA crossed etc

Wait for the retrace off H2 EMA, take the hit off H1 4HM support, EMA and MACD arrows in the correct order

CHFJPY has done exactly the same thing
  • #217
  • Jun 1, 2023 2:43am Jun 1, 2023 2:43am
Quoting SeriTrade
{quote} but there is a lot he didn't say. I was made to belief he said everything is there and nothing has been left out. Could you please give a hint for one or two? That will make us think to get an answer.
Absolutely not. As I said before, Dana gave just enough information to build your foundations and then take it from there. You need to invest your time, that is the currency for this system. I will not share things that have taken me hundreds and hundreds of hours of screen time away. I will nudge in the right direction and help out if anyone gets really stuck
  • #218
  • Jun 1, 2023 2:45am Jun 1, 2023 2:45am
Quoting Danielesse87
{quote} Here is my entry {image}
Well done sir, give yourself a pat on the back. Now post an evaluation on the points on why it was a good trade so everyone else can learn including the chart after to show what happened.
  • #219
  • Jun 1, 2023 3:00am Jun 1, 2023 3:00am
Quoting L1ghtning
{quote} Absolutely not. As I said before, Dana gave just enough information to build your foundations and then take it from there. You need to invest your time, that is the currency for this system. I will not share things that have taken me hundreds and hundreds of hours of screen time away. I will nudge in the right direction and help out if anyone gets really stuck
Understood. Points well taken.
  • #220
  • Jun 1, 2023 3:10am Jun 1, 2023 3:10am
Quoting L1ghtning
{quote} Well done sir, give yourself a pat on the back. Now post an evaluation on the points on why it was a good trade so everyone else can learn including the chart after to show what happened.
I have already posted my evaluation. And I have to admit that despite hit TP I wasn't entirely sure it was a good entry for the reasons I wrote above.
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