The Paradox System

Learning is a process of gaining knowledge. Then placing that knowledge into wisdom. And that is when understanding emerges.

Traders today begins a new week and a new trading day. Which means what happened last week is obsolete within The Paradox? We are also in consolidation with the Daily ROMAR down; the 1 and 2 hour ROMARs up.


The name ROMAR is a considering doctrine but to simplify it means: Reference Open Market At Reversal. And the market reverses when ROMAR crosses EMA.

To move on: We have the Daily EMA crossing of Purple for a reversal. Smooth had slid under Purple for the trend up and the Parabolic had flipped Friday. So the Daily is up with ROMAR holding resistance at 120.086..

This statement above is on my daily trading plan. So now you understand why a trading plan is imperative. Without a trading plan you would not have noticed what the Daily chart is telling you. So towards the end of the week we will get more into trading plans. The only problem with the Daily portion of the trading plan with MT4 is the time table. The Daily does not switch over to a new candle until 22:00 GMT on my chart after Sunday's opening. That is one of many reason I dislike the MT4. You cannot program it for your time zone. And for traders like myself; all timeframes needs to be set at 17:00 EST for the end of day. And there is nothing I can do about it; unless one of you gurus knows of a way.

The Daily chart is pretty much a standalone. So it can be traded as a position for long term traders. For those who know nothing about position trading it consist of a 100 pip stop from top of the last high candle on the Daily for the down; and vice-versa. And you let the trade run for days, or even weeks if you get into a long period swing trend. There is a lot more to position trading but that is the basics. As for me it is like robbing the piggy-bank to add more funding with each swings of the trend. Which means; what I had lost on the SAR reverse swings is regain within the trend swing. And I do not mean hedging; but only with the trend itself.

And there are times I will do the same with intraday long trends. If I see the trend is holding, then on the retraces I will add more money; but never more than my safety margin.

The 1 and 2 hour charts do have visuals with the 17:00 EST Sidney opening with the Session Indicator. Provided you have it set up properly.

What most traders do not realize is the main Forex Computer which brokers use to feed off of; is set with the New York Stock Exchange for ending of the day. Trading volume is then concentrated at the beginning and end of the day; which is exactly at 17:00 EST for both beginning and ending within the Forex. This also includes the reason why your brokers spread widens just before the 17:00 mark because of volume. The end of day data is crucial for all that had happened during the previous 24 hours as regards with currency exchange. The previous data is then obsolete as the new day data being reset. This means the news release is a forest which is never accurate because of the new data. Have you ever wondered why the MT4 platform does not offer the H2 chart? The reason is because prop traders uses the 2 hour chart. The data on the 2 hour is very accurate.

One thing I had learned in becoming a trader and that is trading is defiantly a mind game. The more knowledge you gain gives you a greater opportunity of being successful as a trader.

For todays opening I like for everyone to spend the time concentrating in watching the System; especially in how support and resistance works within the Paradox. You may have questions as the market is moving so please post your questions and I will answer. Tomorrows opening we will get more into detail of how support and resistance works in the moment, and not the "whys".

If you had rebooted your computer your 1 hour would show resetting of the data as on this chart below:

I should say rebooting your MT4.

I am also on EST but I had to change the GMT from 5 to 7 to lineup with my 5pm bar.

Like I said on explaing you have to make the changes according to your broker's GMT time.

[quote=dove_alliance;8708925].......... To move on: We have the Daily EMA crossing of Purple for a reversal. ++++++++++++++++++++++++++++++++

Did not understand this from post #103. EMA appears to be a considerable distance from purple. What am I missing?

Now - When the market opens on Sunday's the data must reset itself to be correct. As shown below you have the session line showing at the opening of the market which is incorrect. So the market must wait on the next candle at 18:00 to close to set the session time right:

EMA and Purple are almost touching on the right edge of chart. EMA is the red dotted line.

[quote=diamonddbw;8708968] Post a chart so I can see what your are looking at.

The post I just made on the session is for Sunday's only. Rest of the week it appears on the correct 17:00 bar.

[quote=diamonddbw;8708968] OK - I see where I stated a confusion because I was thinking as I would trade. But the correct statement is:

"The Daily EMA is under the Daily Candle and heading for Purple for the crossing".

I'm sorry about that -- I been trading this system for so long I already know what is to happen before it happens.

[quote=dove_alliance;8708979] ++++++++++++++++++++++++++++++++

I found my mistake. Was looking at Magenta dashed line coming from daily Fibo 100. Going to get dark glasses. All these shades of red are making my eyes bleed. lol

Looks like the eur/usd is set for some short movement...i see all 3 timeframes are aligned

[quote=diamonddbw;8709000] Well - you can change the colors if they bother you that much for adjustment. Just as long as you know what they represent shouldn't be a problem.

We are using the UJ - please do not post anything other then the UJ. I would appreciate and thank you.

[quote=dove_alliance;8708996] Hope I can get to that level.

Dove, stupid question.
Do i really need the Paradox Sessions Indicator on my chart?
I know where my day opens and close.

[quote=rcbarlow;8709011] You can - all you need to do is have the heart in learning with the right passion.

Great, I have that.