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The paradox System 2023 (for beginners)

  • #421
  • Jun 6, 2023 12:53pm Jun 6, 2023 12:53pm
Quoting L1ghtning
{quote} Look at the 61.8 and then look at the Daily here. Its not 'odds'. Its will or won't. There are no odds for this sytem. If you want to trade odds go trade 1 of the other hundreds of systems on Forex Factory. {image} {image}
I apologize because I could often use terms that are not suitable. As I already explained, English is not my first language so I often use google translate
  • #422
  • Jun 6, 2023 12:57pm Jun 6, 2023 12:57pm
SeriTrade went short at reistance to support in consolidation which is what this system is all about. The gap to the 50 fib on the Daily was there and thats all there is to it. The question was whether the banks were going to smash through that 50 fib line on the Daily or not. If you just trade the H2 chart without the bigger picture you will be right/ wrong 50% of the time.
  • #423
  • Jun 6, 2023 1:00pm Jun 6, 2023 1:00pm
Quoting L1ghtning
{quote} Look at the 61.8 and then look at the Daily here. Its not 'odds'. Its will or won't. There are no odds for this sytem. If you want to trade odds go trade 1 of the other hundreds of systems on Forex Factory. {image} {image}
SUPPORT CONFLUENCE: H2 61.8 and Daily 23.6. Magical!! In addition, there is the H4 ROMAR hit.
  • #424
  • Jun 6, 2023 1:22pm Jun 6, 2023 1:22pm
Quoting Baje
{quote} SUPPORT CONFLUENCE: H2 61.8 and Daily 23.6. Magical!! In addition, there is the H4 ROMAR hit.
No, it is Daily EMA support.
  • #425
  • Edited 2:01pm Jun 6, 2023 1:29pm | Edited 2:01pm
Quoting L1ghtning
{quote} No, it is Daily EMA support.
Ok! But I have a question. Why the EMA over the Fibo and why not both with confluence?

I think I can answer my own question. Because the EMA is one of the OBJECTIVES.
  • #426
  • Jun 6, 2023 2:30pm Jun 6, 2023 2:30pm
Ok so I think my short was made at the wrong point/moment as well.
I looked for the confluence in the same chart but it is in the big picture that I have to find the confluence for my entry point.
Based on this it seems quite obvious to me that the best entry point for a short was on the EMA/50 fib which was aligned with Romar and smooth 4h. And we also had SAR attachment at that time.
Now my short could still go to TP because the last support remains 23.6 but the road is clear on the daily.
This is how I read the current situation. Take with a grain of salt, I'm learning
  • #427
  • Jun 6, 2023 2:42pm Jun 6, 2023 2:42pm
Quoting Danielesse87
Ok so I think my short was made at the wrong point/moment as well. I looked for the confluence in the same chart but it is in the big picture that I have to find the confluence for my entry point. Based on this it seems quite obvious to me that the best entry point for a short was on the EMA/50 fib which was aligned with Romar and smooth 4h. And we also had SAR attachment at that time. Now my short could still go to TP because the last support remains 23.6 but the road is clear on the daily. This is how I read the current situation. Take with a...
I forgot the 50 fib Daily as a support. Among other things, it is precisely there that the market seems to have found its bottom today. And lightning quoted that level as important
  • #428
  • Jun 6, 2023 3:24pm Jun 6, 2023 3:24pm
Quoting Danielesse87
{quote} it's hard to study from the original thread. This is because the images of the charts that refer to the rules/scenarios described are often missing. Even some rules are not so clear and so this pushes us to interpret, and this is dangerous because it leads you to create your own rules which are not the rules of the paradox. But you guys are proof that it can be done. I won't give up.

You're right it is hard to learn after the fact, especially having to do it all alone on your own.
What I would have to do is go back and forth pages at a time and find an H2 that someone showed before or after that often would be enough for me to piece together what they were seeing in real time. I would have several browsers open to dig out what I needed to piece together. I spent 40-70 hours per week for at least a year building my understanding of the system along with the mindset needed. I was brand new studying babypips and never traded any markets at all before being showed babypips and The Paradox all at the same time which is when I joined FF for the first time.
  • #429
  • Jun 6, 2023 3:43pm Jun 6, 2023 3:43pm
Quoting Lusky
{quote} You're right it is hard to learn after the fact, especially having to do it all alone on your own. What I would have to do is go back and forth pages at a time and find an H2 that someone showed before or after that often would be enough for me to piece together what they were seeing in real time. I would have several browsers open to dig out what I needed to piece together. I spent 40-70 hours per week for at least a year building my understanding of the system along with the mindset needed. I was brand new studying babypips and never traded...
I'm only in my second month of studying the system. I'm determined to keep going until I make it mine. I know I'll take steps forward and some back but then forward again. learning is not a straight line process. I just have to hang on when I get my drawdowns and stay determined.
  • #430
  • Jun 6, 2023 3:44pm Jun 6, 2023 3:44pm
I do have a question about the current situation on the EURJPY.

We have the 4H still down (although purple is starting to cross). However, the 4hr and daily are down. You also have ROMAR resistance 20 pips away. Similar resistance levels on the 4hr as well.

My question is this: How do you analyze the FIBO, DB/SAR, and divergence? I've asked a similar question but now that we have a situation I thought i'd bring it up again. You do have a sufficient gap to the 0 but from what I understand such an attachment means a market that is oversold. So i'm always pretty hesitant to trade back INTO the divergence/against the FIBO.

Basically, is the risk too high or if the 4H are still in trend is it acceptable on retraces?
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  • #431
  • Jun 6, 2023 3:47pm Jun 6, 2023 3:47pm
Quoting MustardJam
I do have a question about the current situation on the EURJPY. We have the 4H still down (although purple is starting to cross). However, the 4hr and daily are down. You also have ROMAR resistance 20 pips away. Similar resistance levels on the 4hr as well. My question is this: How do you analyze the FIBO, DB/SAR, and divergence? I've asked a similar question but now that we have a situation I thought i'd bring it up again. You do have a sufficient gap to the 0 but from what I understand such an attachment means a market that is oversold. So i'm...
new daily will open in 15 mintues, fill out a trading plan and you can likely answer yourself
  • #432
  • Jun 6, 2023 5:20pm Jun 6, 2023 5:20pm
I think we need to clear something up. Your not trading pure 'confluence'. Just because a support/ resistance matches something else on another chart - that doesn't mean you just enter. You must know the scenario in the bigger picture. Yesterday - Daily smooth with H4 61.8 was resistance/ retrace point - but only because of the bigger picture. Your not scanning the market for this matching that and so on. Once you know the scenario, you know where support and resistance is and you know the entry, then you have the confluence in front of you.
  • #433
  • Jun 6, 2023 5:37pm Jun 6, 2023 5:37pm
Quoting L1ghtning
I think we need to clear something up. Your not trading pure 'confluence'. Just because a support/ resistance matches something else on another chart - that doesn't mean you just enter. You must know the scenario in the bigger picture. Yesterday - Daily smooth with H4 61.8 was resistance/ retrace point - but only because of the bigger picture. Your not scanning the market for this matching that and so on. Once you know the scenario, you know where support and resistance is and you know the entry, then you have the confluence in front of you.
Yeah the bigger picture is slowly starting to make sense. These confluence factors are big but of course things such as trend, the 4H, crossings, etc etc all matter. It's like everything comes together to put together a puzzle. A piece on it's own might not mean much but together it paints the picture.
  • #434
  • Jun 6, 2023 5:43pm Jun 6, 2023 5:43pm
I'm still with my short trade from this morning but I've made a plan anyway and my entry is not far off what I would have taken right now.
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  • #435
  • Jun 6, 2023 5:47pm Jun 6, 2023 5:47pm
Quoting Danielesse87
I'm still with my short trade from this morning but I've made a plan anyway and my entry is not far off what I would have taken right now.4473374
Could be on my end as I'm very new to FF as far as posting, and it seems to be ran differently as far as accessing like 2p2 or such which I'm use to.
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  • #436
  • Jun 6, 2023 5:53pm Jun 6, 2023 5:53pm
Quoting Lusky
{quote} Could be on my end as I'm very new to FF as far as posting, and it seems to be ran differently as far as accessing like 2p2 or such which I'm use to. {image}
Sorry, I don't understand what's going on
  • #437
  • Jun 6, 2023 6:00pm Jun 6, 2023 6:00pm
Quoting Lusky
{quote} Could be on my end as I'm very new to FF as far as posting, and it seems to be ran differently as far as accessing like 2p2 or such which I'm use to. {image}
Of course I didn't block you. I really don't understand why you received this notice
  • #438
  • Edited 6:25pm Jun 6, 2023 6:06pm | Edited 6:25pm
Quoting L1ghtning
{quote} This entry is absolutely spot on, well done
Good to know. Thanks.
Edit: But i must say i am a long way from understanding S/R in the big picture.
  • #439
  • Jun 6, 2023 9:55pm Jun 6, 2023 9:55pm
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  • #440
  • Jun 6, 2023 10:43pm Jun 6, 2023 10:43pm
Quoting Lusky
{quote} Everyone needs pay close attention to what L1ghtning is doing and saying here. Many people just do a quick read and not absorb. I understand human nature makes us want to be able to take a successful trade since we are sitting here in front of the charts but without your plan showing you the market condition and rules you will not succeed. You need to collect everything that is shared in the original thread and here and treat all of it as rules. Everything Dana wrote is a rule, anytime he shares something it's a rule, you're not gonna get...
Yes definately. You guys have spend tremendous time, especially L1ghtning. This is a great oppotunity to learn this system. I read links given or find out whatever hint was given here. It's hard for me to understand, absorb and its application. As you can see I did not asked many questions is because i want to try to understand it by myself by reading many times, dig out examples, catalogue them, etc. which was suggested here. If i get really stuck then i will asked and be glad to get directions.
Thank you and I hope you guys will stick around.
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