The Paradox System

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This has subtitles for those who may need them and for translation of the talk's transcript which you may choose to translate for yourself if required.

Hello fellow traders,
If you are new to paradox system and willing to discuss about it(new members can't comment here), there is a thread created by Danielesse87 called "The paradox System 2023 (for beginners)".

Has anyone been able to get the D1 indicators to work properly on a 5 bar week?

and or do you know of any brokers left with a 6th D1 bar with accurate data?

*Disregard my last post

Did you manage to find a reputable broker with the 6 days? I've just stuck with the original broker Dove mentioned with their 5 day data

I've been using a broker with 6 D1 bars. But for some reason the Sunday bar didn't appear. so i thought it was the broker that dropped it... as it turns out the problem was on my end!

Nice, what broker? IG is the only one ive found

Thats the only one i know as well

Ouch no MT4 for people in the US. hopefully they can run demo accounts

If possible, could someone please post their D1, H4, H2 and H1 charts for the EUR/JPY. I had to remove and replace so I want to verify that my charts are correct.

Thanks!!!

Thanks “The-Force” for uploading your charts. The D1 is the only chart that doesn’t match. I believe the reason has to do with two different brokers. I’m with Forex.com which displays 5 instead of 6 daily candles per week.

Hello everyone following. Hope you are all well. Following through on my word to Dana way back when.
For those following, learning and unable to post, here is my trade for today.


Date: 29th May 2024

EJ
Time: Reset (0700hrs Sydney = 1700hrs New York)

Red News: 15hrs after Reset = Euro. (2200hrs Australian/Sydney time , 0800hrs New York time)

Daily
ROMAR Support
EMA Support
PSAR Support

Checklist
MACD Arrow Up
EMA Arrow Up
DB Top
Fibo Red

Notes: Full Up Trend with a Red Fibo. SAR Attached up top with Hidden only showing. Open above Purple.


H4
ROMAR Support
EMA Support
PSAR Support

Checklist
MACD Arrow Up
EMA Arrow Up
DB Top
Fibo Red

Notes: Trends and Horsemen are Up. DB dual Divergences up Top.


H2
Open: 170.596
ROMAR Support
EMA Support
PSAR Support

Checklist
MACD Arrow Up
EMA Arrow Up
DB Top
Fibo Red

Notes: Trends are Up. We are at the Top of the Red Fibo above 23.6, DB is up Top with Dual Divergences.

H1
ROMAR Support
EMA open under EMA
PSAR Support

Checklist
Fibo Red

Notes: Up Trend, Fibo is Red, open under EMA.

Final summary Notes: The Daily is Up Trend, The H4 is Up Trend, The H2 is Up Trend, The H2 has had a Pullback to EMA in Up Trend. We are at the Top of the Red Fibo as Resistance in an otherwise full Up Trend on the H2, H4, Daily.
Red News in 15 hours.
Trend or Consolidation: Up Trend with a Red Fibo on all charts as Resistance. All entries looking for a Long.

Red News double check: Red News on the Euro at 2200hrs local time 15hrs time

Projected Entry: Waiting on a Pullback to Support back into Trend.
Adjustment: 1900hrs Sydney - chart time 1200hrs Bar open, market Pull Back to H2 ROMAR with a DB at Bottom and confirmed PSAR flip to Resistance. 43 pips to H2 PSAR. 3 hours till Red News gives just enough time for market to head north for target to be reached.
Entry: Long at 1200hrs chart time. TP & SL set and in place.
Rules used: All ROMAR Support Up Trend. H2 Consolidation. Wait on the Pull Back. Measure Target distance in pips is more than 40 pips. Enough time for trade to hit target before Red News.
Risk: 3 hours might not be enough time to hit TP so need to make sure I am out before then.
Adjustment: Move to Break Even +1.9 pips after market moved +37 pips.
Adjustment: 15 minutes before Red News, check on chart for progress. Market was close to TP, aimed to be out of the trade before Red News release. Waiting till 1 minute before close of bar, TP+40 hit just under 2 minutes prior to Red News Release.

Evaluation: Entry Long made at the H2 AntiPSAR requirements, 3 hours before Red News.
The 2 to 3 Rules minimum & documented as per Dove's teaching were met, with regards to Rules Used for confluence in making a trade entry.
1) More than 40 pips to target. 2) Enough time for trade to progress before Red News release. 3) Consolidation = H2 is the entry chart and entry is at the Support or Resistance. 4) ROMAR in Sync all charts = no counter trading ROMAR.
The trade took longer than I had thought and it was looking like that I would need to exit quite late in the bar was emotionally uncomfortable, however exiting manually turned out to not be required and the target of +40 pips were automatically taken from the market via the Stop Loss & Take Profit settings. Break Even in this instance was implemented for up coming pre-Red News release volatility.

Thank you to Shinny for this one.
Thank you Dana for your patience.
Trade ticket as shown.

I have been asked...

Hello, I am not able to write this in paradox thread.. just a quick question sir,
Its nice to see your trade plan.. very informative. I will also try writing down before every trade.. will try to follow that.
Under checklist you wrote "DB Top" whats that mean, please explain?

DB is an abbreviation for an indicator. When you read and absorb into your being the posts from Dove & Hendo's posts & many others postings they will tell you the info you need. I also refer everyone to post 1, 4th paragraph in the instructions given in how to proceed in your trading career.
One day you will be able to locate information at a drop of a hat in being able to pin point where to find the information you need.
Wrote Learning plus some Street Smarts = you win.
Yoda has been said to have advised something like... "There is no try".
So just do.

Apparently there is a thread whereby people show their plans, execute their trade and post their review of the trade that trade they took.
Some experienced traders may give their critique on the trades taken.
Perhaps that thread will assist people as they progress. The location link to that thread is posted on this thread & Reading is for free. Work gives results.

I wonder where Dana is?

Working hard no doubt.

I wonder if he is with the Lord.

If he is, then I am sure is at peace and fulfilled. The Legacy will continue despite the hiccups.

Interestingly Forex.com charts froze during the 0800 chart time bar & did not start working again by the time the week closed.

This could be caused by the Crowdstrike bug.

& speaking of which with regards to the privilege we have because of the source ... credit where it is due.

I am wondering Marcos, if I may ask yourself and others looking on ... ???

I entered this trade today 2hrs after reset, as I usually do when they turn up & they have to date a greater than 80% success rate.
Today was TP+40 taken from the market. Quicker than usual, but I am not focused about speed - accuracy is what counts.

I am wondering if there is a way of identifying when they will more likely be failures before an entry into the trade is made, that would then make it closer to a 100% entry, or is this perhaps too much to expect to be able to achieve with this particular entry?