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The Paradox System

  • #1,501
  • Feb 4, 2016 4:50am Feb 4, 2016 4:50am
Quoting theone3000
{quote} Thank you for your reply, I read them many time and I has just read again. I don't know how to use : DodgerBlue (DB) and Magenta (SAR), I don't know how to use : Lime, Magenta, and Thistle I don't know how to use : 2 Dash lines Magenta and LightSkyBlue. I don't know how to use : Green and Gold DashDot lines which represent the Paradox divergence. What is Paradox divergence? I don't know how to use : Paradox Contour lines (up and down). Where is thin Red CP (Central Pivot) line attached to each candle from bar to bar ? Why "This line will...
When you are in trend, you also need the point where you'll entry for trade
in trend there are allways higher high and lower low and thats why there are DB and magenta - if we have UPtrend (allready started) we should wait for some low possition for LONG entry, and with the DOWNtrend we are waiting for higher position for SHORT entry

thats what are they good for...

on image we have only blue line (DB and magenta are together). DB is long term swing and Mag is short, so we should just wait for short swing to go Down and that little swint will set us again in UPtrend (that should be possition for LONG)


I'am new on forex - I don't know if this is right, if NOT I'll delete this post

Please dont kill me
love you!
Attached Image (click to enlarge)
Click to Enlarge Name: db and mag..JPG Size: 110 KB
  • #1,502
  • Feb 4, 2016 4:59am Feb 4, 2016 4:59am
Hi theone3000,

On page 2 Dove explains what the SAR (short term) and DB's (longer term) lines are, they show the current swing highs and lows for short/longer term trends.

The Lime, Magenta and Thistle boxes are just price labels. On your charts, you should see that the Lime coloured boxes appear at the bottom of a long-term swing and the Magenta ones appear at the top of a long term swing. The Thistle ones should show the price for the shorter term (SAR) swing high's and lows.

Dashed Light Blue line show's the floor between two long term swing low points, the dashed magenta line shows the ceiling between two longer term swing high's.

I have to admit that I myself don't understand the paradox divergence lines! Divergence is typically when the price moves in the opposite direction to an indicator, but I don't think that applies here. Maybe someone else could shed some light on this one for us

Hope this helps!
  • #1,503
  • Feb 4, 2016 5:05am Feb 4, 2016 5:05am
not sure 100% but it could only relay to macd C/D ...don t see any other oscilator there
  • #1,504
  • Feb 4, 2016 5:26am Feb 4, 2016 5:26am
Quoting AuMan
{quote} Hi Theone , your way of writing or thinking about this , clarifies a lot of the confusion i was having ! A light bulb went on !!!! Thanks ,
Yes, I think many people will understand system by this explane ;-). Strong support and strong resistance, we need support to prevent stop lose and we don't need resistance on the way to take profit.

I read to page 30 in many days, so slow and don't see because of language . I will re-read tonight more slowly. I think we also need think about system and a summary manual.
  • #1,505
  • Feb 4, 2016 5:53am Feb 4, 2016 5:53am
My win rate is over 90%.. since i use this method..
  • #1,506
  • Feb 4, 2016 6:03am Feb 4, 2016 6:03am
​Is someone using the MACD?
  • #1,507
  • Feb 4, 2016 6:25am Feb 4, 2016 6:25am
Quoting ForexSamsam
My win rate is over 90%.. since i use this method..
same here
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #1,508
  • Feb 4, 2016 6:31am Feb 4, 2016 6:31am
Currently in this long..
Any comments guys?

Attached Image (click to enlarge)
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  • #1,509
  • Feb 4, 2016 6:41am Feb 4, 2016 6:41am
Quoting nonibadsha
Currently in this long.. Any comments guys? {image}
Why did you open this position?
Sorry, but it's not by the rules. In an uptrend we open positions on a RETRACE at a support level.
  • #1,510
  • Feb 4, 2016 6:44am Feb 4, 2016 6:44am
Yes. I entered last night when price pulled back to EMA and set my take profit at the 61.8 line. I woke this morning to find I had made 43 pips and trade was closed. Looks like you are late to the party.
  • #1,511
  • Feb 4, 2016 6:50am Feb 4, 2016 6:50am
Quoting nonibadsha
Currently in this long.. Any comments guys? {image}

I took it as well got in at 130.382 and out at 131.517
  • #1,512
  • Feb 4, 2016 6:55am Feb 4, 2016 6:55am
Quoting bigijs
{quote} Why did you open this position? Sorry, but it's not by the rules. In an uptrend we open positions on a RETRACE at a support level.
Depends on what candle you opened the trade on
  • #1,513
  • Feb 4, 2016 6:57am Feb 4, 2016 6:57am
Quoting tonybrou
{quote} I took it as well got in at 130.382 and out at 131.517


why 130,38? this was last day and trend was down?​
  • #1,514
  • Feb 4, 2016 6:57am Feb 4, 2016 6:57am
Quoting bigijs
{quote} Why did you open this position? Sorry, but it's not by the rules. In an uptrend we open positions on a RETRACE at a support level.
According to the rules set out by Dana, of support and resistance, and by studying 3 time frames, I'm seeing and up-trend.
I see a good opportunity to take my 20-40 pips and call it a day.
Also Dana has strongly advised against counter trend positions.

Does my logic and reasoning make sense or am I the only one on this train ?

Regards
Noni
  • #1,515
  • Feb 4, 2016 7:00am Feb 4, 2016 7:00am
Quoting Forex Lion
{quote} why 130,38? this was last day and trend was down?​
Candle after white crossed purple on 2h

sorry 1h
  • #1,516
  • Feb 4, 2016 7:02am Feb 4, 2016 7:02am
Quoting nonibadsha
{quote} According to the rules set out by Dana, of support and resistance, and by studying 3 time frames, I'm seeing and up-trend. I see a good opportunity to take my 20-40 pips and call it a day. Also Dana has strongly advised against counter trend positions. Does my logic and reasoning make sense or am I the only one on this train ? Regards Noni
correct but if you are in an uptrend you trade from the bottom and down trend from the top
  • #1,517
  • Feb 4, 2016 7:16am Feb 4, 2016 7:16am
Quoting tonybrou
{quote} Candle after white crossed purple on 2h sorry 1h
thanks, but the open of the candle after was 130,75??​
Attached Image (click to enlarge)
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  • #1,518
  • Feb 4, 2016 7:16am Feb 4, 2016 7:16am
I understand what you guys are saying.
But, I'm trading in the moment and the market is telling me that it's in a up move, hence I am safe with the position I took.

Dana or Shinny.. Is my logic right?
  • #1,519
  • Feb 4, 2016 7:26am Feb 4, 2016 7:26am
Hey Nonibadsha,

From your screenshot, you may have entered the trade late.

You are correct that the chart shows an uptrend but you have joined in potentially at the top of this upwards swing. I believe the idea of this system is that you identify a trend and then wait for a retrace against the trend to some support / resistance before entering into a position in the direction of the original trend.
  • #1,520
  • Feb 4, 2016 7:33am Feb 4, 2016 7:33am
Quoting Forex Lion
{quote} thanks, but the open of the candle after was 130,75??​ {image}
yep thats the one. I was just late to take the trade
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