The Paradox System

There are at least 3 Major news releases you are never to trade in: The NFP release, the USA rate release, and the BOJ release.

sir good evening
so many thanks patiencfx[ preet g]u guide me for forex trading and also for paradox system help

Hello Dana how are you? Goodmorning.

Can you put me any homework for this weekend about ur system? I really feel very comfortable doing trades with 40/40 or 20/40. And i know that u are going to be with us this weekend and 1 week more. Can you put us any homework or something to do about ur system? Can we do backtesting or that is impossible because we are trading the present/moment? Thank you! I hope before u leave i can start trading with ur system. Take Care Dana!

Well Daniel - your home work is to study everything I have posted until it is actually part of you. And back testing can be done anytime by turning off the chart's automatic scroll.

Next week, we are going to work with EURJPY right? And Normally at what time u trade? at 17:00 NY Time, from that hour u start looking for a trade? or u like to trade in the morning? Thank you.

Thank you again. I also hope you cover your way of swing trading in a little more detail.

I forgot to think in the moment. When the SARs attached on the 0.0, that would have been good short correct?

120.700 is a good target, nice support on all 3 charts.

My routine is turning in between 9 and 10 in the evening and up around 4 in the morning. I check my charts for any possibility of any trade. And then get ready for taking care of any business that needs taken care of for the morning. And like this week - I get back and check and read all the postings and give my comments. And then prepare for any training for the day.

And yes - we will start with the EJ next week. Bringing up the EJ is the same as bringing up the UJ. This time - all you have to do is go to New Chart under file and click EURJPY and a new 1 hour chart will appear. Right click on the new chart; then click Template; and then click the Paradox H1 and you you have the Pardox EJ chart.

Bringing up the 2 hour is on the "Open Offline" under File. The Converter is already on the 1 hour template and is in real time so the 2 hour chart for EJ is already there for the offline. Then finish up with the Daily template.

Let me give you the scenario of what would of happened if not for the BOJ:

Last night you had the 1 hour SAR attached to the 1 hour chart. And on the second 1 hour chart from the SAR was when hell broke loose with the BOJ. If not for the BOJ the 2 hour would had gotten lower/low of the 1 hour SAR and the SAR would had hit the 2 hour candle and the reverse would had happen with the 2 hour ROMAR and EMA support. That is what would had happened if not for the BOJ. So - it was going up one way or the other.

So everyone knows - 85% of the news release is with the 2 hour trend. And the reason is because your Prop traders uses the 2 hour chart for trading.

And no - I am not a Prop trader. But I do have friends that are Prop traders.

So You sleep 9pm, 10pm aprox And you recommend to trade from 4am NY Time, and trying to collect the 40pips.

We are only trading EURJPY next week, and in the future u only recommend just trading one pair right? (Do u trade more pairs or only EJ)?

Can u recommend any broker? (I think this is important because some brokers have a very bad data... , and maybe the indicators can show different things.. but really i dont know).

Thank you Dana, and sorry if im going to ask a lot of things. I want take the maximium that i can from you before u leave again. Take Care!

Under no circumstances will I EVER trade multiple pairs. If you want to bankrupt yourself then trade multiple pairs. As for recommending a broker is something I do not do. You have to do your own due-diligence as for brokers.

Ok Thank you.. For me better... it feels very comfortable only One Pair, and go for 40pips 40/40.

Time for study, and if u have time and can show us more examples for study all this weekend would be great! Thank you for ur time. Time to set up everything in the vps for have the mt4 running 24hours.

May I first say many thanks Dove for Your intention to teach us Your method.
Look very robust and promising in a way of amount of information one can pull out before make trading decision, and we all know that we must seriously practice in order to have correct grasp of generously presented method.

Could any body help and advice what broker (demo acc) to use in order to have same daily chart as Dove? I have open IcMarkets demo and everything set up properly (session indicator OK), except that I have different Daily readings. Here is example of Dove daily chart 25.11.2016 and here is mine, notice considerable difference in distance of Purple and EMA on 25.11.2016, no touch of EMA, and late parabolic.

Allso have some other more or less different readings on 1H and 2H but I think they will be corect with corect broker (probably issue with different closing/server time).

Allso if I may suggest to all newbies to this method (as I my self am) lets not overload this thread with your wishes "Dove could You this" or "Could You that", or "it will be great if..." Lets just lisent what Dove has to say and try hard to internalise in our thinking proces.

Sorry for my English...

Many thanks to all FF comunity

OK traders - it is coming up on end of day and end of week. Sacrifice and spend the week-end studying this weeks training. You will need too in order to trade the E/J. I will be working on next weeks training with more screen shots and information. So everyone - peace be with you and your creator watch over you and your families with care and many blessings.

See you all next week.

Hey Dove.

Glad to see you're still up and about. It seems like a century since watching your updates on USDJPY.

If I recall then, you use a lot of the same things. You were a big on Pivot Points (and may be using pivots for your ma's similar to ichimoku for some of your lines) in the day, but I see it's still the same concept for the most part. You're looking for opportunities to ride towards a support/resistance. It's been a lot easier for me to understand the concept of your current charts because of my previous experience in studying your trades.

One of the fascinating things I remember about you was when you were in a losing trade. I remember you having to work longer periods of time to get back the 40+ pips you wanted to earn that day. "Well today was a long day, but I got my +40pips," and then you would be off FF.

It blew my mind back then when I was incredibly green. As an Elliott wave trader, I thought, "Why in the world is this guy risking money against the forecast, and only for a few pips?" You'd be in and out in a few hours, and I'm still sitting here waiting on it to move. It was funny watching you bounce pivot from pivot.

My ignorance scoffed at your approach, but I have come to see the value in it over time. The markets do range 80% of the time (whatever that really means). I could be sitting on trades for weeks and you're in and out in a few hours.


Notes:
1. This is really hard to read for a color blind person such as myself. I'm getting used to it but whew.
2. Someone mentioned the fact of leaving everyone to dry if there's a major update to metatrader. I would love the ability to program these indicators for an HTML/Javascript based application. Maybe a website? If metatrader can handle it, then a free Amazon Web Service can easily host it. That way it's separated from any particular platform and has the ability to give signals to Metatrader and I'm sure other APIs.

Could you work EUR/USD in?


Btw, I've been studying another algorithm running in the 5m time frame on EUR/USD in conjunction with your horsemen and signals. It filtered 3 signals correctly that all reached 40 pips. I was only brave enough to take one. So you have certainly piqued my interest. Thank you for offering up a refresher on your perspective of trading.

Can someone tell me, do we always have to wait for the parabolic to be in the right direction; or can we take a trade with it the opposite side? I cant find the post that mentions this.