The Paradox System | Page 86 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The paradox System 2023 (for beginners) 724 replies

Paradox System: post your entry here 12 replies

Paradox system avg monthly ROR for last 12 months 33 replies

Learning the Paradox System=Set up / Trade Plan / Results Only 1 reply

lets talk about the system called PARADOX 2 replies

Attachments: The Paradox System
Exit Attachments

The Paradox System

  • #1,701
  • Feb 7, 2016 4:50am Feb 7, 2016 4:50am
Quoting tonybrou
{quote} because the next candle will start under the EMA does that not mean EMA will cross ROMAR?
On my 2Hr chart EMA had already crossed Romar.
And probably the market will open around the close of friday, so on the next 2Hr candle EMA will be more below Romar, but in theory if that first candle ends up above Romar then in my opnion it can become a slider.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB


On the 1Hr White crossed Purple, and if the open is around the close of last friday chances are that smooth crosses purple also.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 38 KB




On the daily the market stopped at EMA. The 4 horsemen are still up, but chances are that White crosses Purple.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 36 KB



So I think a nice situation to study, just follow the market and see what is going to happen, and see if you can match the rules Dove gave us.

But this only my opinion, maybe i'm totally wrong.
  • #1,702
  • Feb 7, 2016 6:34am Feb 7, 2016 6:34am
I have read and reread all the information on DB and SAR but still having trouble understanding. I understand the basic premise of it that the DB is the longer swing trend and the SAR are the swings within that longer trend. At the DB high you get a magenta price box and at the low you get a lime green box. These boxes move from the last swing high/low to the next swing high/low and become the new fibo high low. The SAR can move seperate from the DB but can also move inline with the DB and once SAR and DB are attached to the same candle DB takes control. What I don't understand is if the DB high or low box doesnt show at the top or bottom of the latest swing how do you know when the swing has finished and there wont be a continuation of that swing?
  • #1,703
  • Feb 7, 2016 11:13am Feb 7, 2016 11:13am
if any one could have time to look on USD/JPY for a moment and confirm me that he have same h2 and h1 chart. this is forex.com mt4 and i am going throughout whole thread from begining so would like to know that charts are corect.

1)i have strange fibo attached to smaller high then bar before?
2) strange position of magneta price box on half of wave?

do you have same?
Attached Image (click to enlarge)
Click to Enlarge Name: 3,2,15.png Size: 84 KB
  • #1,704
  • Edited 11:38am Feb 7, 2016 11:21am | Edited 11:38am
I'm starting to try this system from tomorrow on, just wondering to be sure about the GMT offset. If I am 0 GMT. so to be sure my offset should be 17+7??
Attached Image (click to enlarge)
Click to Enlarge Name: Bez tytułu.png Size: 68 KB
The only thing that will make us successful is if we can control ourselves!
  • #1,705
  • Feb 7, 2016 12:05pm Feb 7, 2016 12:05pm
Quoting pabuuu
I'm starting to try this system from tomorrow on, just wondering to be sure about the GMT offset. If I am 0 GMT. so to be sure my offset should be 17+7?? {image}
From Dove


I believe if you are already in the GMT zone your number will have a minus.
  • #1,706
  • Feb 7, 2016 1:39pm Feb 7, 2016 1:39pm
Hi Buddy , just my advice .Trading is not very simple. You have to use account management techniques otherwise no any even 100% perfect system can take your account in overall profit.
  • #1,707
  • Feb 7, 2016 1:57pm Feb 7, 2016 1:57pm
Quoting tonybrou
{quote} Also when the fib flips is that when we know that the last swing is finished or is it a different indicator that will determine when the swing is finished?
Here is a couple of direct quotes from Dove that relate to your question:

EMA:
EMA is your trend indicator with Purple for the swings. EMA below Purple the trend is up in the swings. EMA above Purple the trend is down in the swings.
EMA also separates uptrend/downtrend within the market. In consolidation EMA will decide what the market will do next. And it could get pretty nasty in a long term consolidation leaving no options for trading.

Highs and Lows:
When it comes to highs and lows I do not use the Daily candle as most traders do accept for breaking these levels in my daily trading plan. What I use is the 2 hour lows and highs of the “Fibonacci Retracements” as a marker for previous highs and lows during cycles. The 2 hour Fibo is a great resource for trading; it is accurate and dependable.
  • #1,708
  • Feb 7, 2016 2:49pm Feb 7, 2016 2:49pm
Quoting tonybrou
What I don't understand is if the DB high or low box doesnt show at the top or bottom of the latest swing how do you know when the swing has finished and there wont be a continuation of that swing?
I think that same quote from Dove answers this question:
MA is your trend indicator with Purple for the swings. EMA below Purple the trend is up in the swings. EMA above Purple the trend is down in the swings.

Another quote from Dove:
A major problem with swings is getting in a trade too soon; especially in a downtrend.

Can anybody else add to this?

As for the swing high and low lime and magenta boxes... they seem to be connected to the fibo. Open any new chart and put your Paradox_SwingHighLow indicator on it and the boxes don't show up. Put the Paradox_Fibo indicator on and the boxes are there whichever time frame or candle size you change the chart to.
  • #1,709
  • Feb 7, 2016 3:00pm Feb 7, 2016 3:00pm
Also I think that more than any other indicator in this system the db and sar will require more screentime to get to know how they react in different markets.
  • #1,710
  • Feb 7, 2016 3:10pm Feb 7, 2016 3:10pm
Quoting rcbarlow
Has anyone been able to get their song to work as alert? Where did you put the wav file? And what did you name it? I have my favorite song renamed to alert.wav and went to File: Sounds: and pasted it there, but it does not work.
Go to Tools/Options/Events - double click alert.wav - IMPORTANT.... you have to click 'Choose other...' otherwise it won't keep. WAV goes in the sounds folder. Hope this helps.
  • #1,711
  • Feb 7, 2016 4:35pm Feb 7, 2016 4:35pm
Quoting cfudge
{quote} From Dove I believe if you are already in the GMT zone your number will have a minus.

I know but I live in Ireland and Looking at it. MY GMT is 0 but broker is +2. So at 17:00 EST broker time is 00:00. So I need to add 17 +7. Then I need to add the difference in time zones which is -5 from my 0 GMT to EST. So in the end it will end up with +2 Anyway?
The only thing that will make us successful is if we can control ourselves!
  • #1,712
  • Feb 7, 2016 4:39pm Feb 7, 2016 4:39pm

Daily plan 2016.02.07

(at Sydney opening)

ROMAR on Daily - down
ROMAR on 2H - down
ROMAR on 1H down
Market is in downtrend

2H chart
Opening at 130.19
ROMAR resistance (EMA is below ROMAR)
SMOOTH - resistance
EMA resistance
NOTES
All 4 horsemen are downtrend. MACD and PSAR are negative.

1H chart
ROMAR resistance (EMA below ROMAR)
SMOOTH resistance (Purple below SMOOTH)
EMA - resistance
NOTES
Market starts turning up. PURPLE has crossed WHITE and is very near SMOOTH. PSAR and MACD still negative.


Daily chart
ROMAR resistance (EMA below ROMAR)
SMOOTH support
EMA support
NOTES
Market starts turning down. PURPLE has crossed WHITE.

Ill pay close attention to the 1H SMOOTH. If it stays above PURPLE then trend is still down. Now Purple has come close to the SMOOTH.

Ill take short when:
1) 1H PURPLE crosses WHITE downward.
  • #1,713
  • Feb 7, 2016 4:44pm Feb 7, 2016 4:44pm
Quoting pabuuu
{quote} I know but I live in Ireland and Looking at it. MY GMT is 0 but broker is +2. So at 17:00 EST broker time is 00:00. So I need to add 17 +7. Then I need to add the difference in time zones which is -5 from my 0 GMT to EST. So in the end it will end up with +2 Anyway?
It doesn't matter. Just put some number and see how it looks on the chart. You just need to see Sydney open line at this hour.
  • #1,714
  • Feb 7, 2016 4:54pm Feb 7, 2016 4:54pm
Quoting bigijs
{quote} It doesn't matter. Just put some number and see how it looks on the chart. You just need to see Sydney open line at this hour.

that is what I did now. The only thing you need it for is to be aware when you need to reset the MT4 anyway.

Can anyone also check if my 2H chart is the same as yours. I mean the values? OR they can vary a bit from broker to broker?
Attached Image (click to enlarge)
Click to Enlarge Name: Bez tytułu.png Size: 72 KB
The only thing that will make us successful is if we can control ourselves!
  • #1,715
  • Feb 7, 2016 5:49pm Feb 7, 2016 5:49pm
Quoting pabuuu
{quote} that is what I did now. The only thing you need it for is to be aware when you need to reset the MT4 anyway. Can anyone also check if my 2H chart is the same as yours. I mean the values? OR they can vary a bit from broker to broker? {image}
Helloo my friend, this is my H2 Chart.

The values can change between brokers... and sometimes... With the Same broker.. with different Accounts... Can change too... Lets just trade the Moment, Watching the Romar and 4 Horsemen. GoodLuck!
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-02-07_174756.png Size: 63 KB
  • #1,716
  • Feb 7, 2016 5:56pm Feb 7, 2016 5:56pm
Quoting Contrax
{quote} Helloo my friend, this is my H2 Chart. The values can change between brokers... and sometimes... With the Same broker.. with different Accounts... Can change too... Lets just trade the Moment, Watching the Romar and 4 Horsemen. GoodLuck! {image}

Looks like our charts are a bit different. I hope it will not affect of how effective the indicators and the system would be in whole.
The only thing that will make us successful is if we can control ourselves!
  • #1,717
  • Feb 7, 2016 6:04pm Feb 7, 2016 6:04pm
Quoting pabuuu
{quote} Looks like our charts are a bit different. I hope it will not affect of how effective the indicators and the system would be in whole.
The only different is the Fibonacci... But the Keys of the system is the same.
  • #1,718
  • Feb 7, 2016 7:35pm Feb 7, 2016 7:35pm
Hi guys

Just wondering if someone saw that coming...40 up since the opening...if yes...based on what...Thanks to let me know

shinny, Forex samsam on what side are you?

As usual l took the wrong one...

Ah.....not easy....
  • #1,719
  • Feb 7, 2016 8:13pm Feb 7, 2016 8:13pm
Quoting ben.deschain
Hi guys Just wondering if someone saw that coming...40 up since the opening...if yes...based on what...Thanks to let me know shinny, Forex samsam on what side are you? As usual l took the wrong one... Ah.....not easy....
now i'm up with UJ..

But i take too mush risk on this one..
  • #1,720
  • Feb 7, 2016 8:30pm Feb 7, 2016 8:30pm
Quoting ben.deschain
Hi guys Just wondering if someone saw that coming...40 up since the opening...if yes...based on what...Thanks to let me know shinny, Forex samsam on what side are you? As usual l took the wrong one... Ah.....not easy....
There were 4 low impact jpy reports that came out and another one in a couple of hours. That may be the reason for the quick move. And maybe you picked the right direction but got in too soon.
3 traders viewing now