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The Paradox System

  • #1,741
  • Edited 11:28pm Feb 7, 2016 11:17pm | Edited 11:28pm
Quoting JMaurice
{quote} Right - I'm trying not to anticipate. Daily: White has crossed Purple on the Daily eliminating PSAR as support, but Smooth and EMA are still support. H2: White has now crossed Purple, eliminating PSAR as resistance, and Purple is approaching Smooth for a potential cross. However, EMA is resistance and ROMAR is not far away from the market. H1: EMA and 4 Horseman are all support, but ROMAR is resistance and it is not far away.
2nd Long EURJPY for 20 pips.

Reasoning:

Daily - EMA still support, market near EMA.
H2 - White cross Purple, PSAR eliminated as Resistance, open Above Smooth. Purple heading to potentially cross Smooth.
H1 - 4 Horsemen are support, EMA is support. Market pulled back to Support of EMA, Purple, & Smooth.

Entry at 2 HR open bar open. Exit at 1HR ROMAR and SAR attaching to 2HR signaling end of upswing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.7.16 - H1_ 2nd.png Size: 67 KB
Click to Enlarge Name: 2.7.16 - H2.png Size: 73 KB
  • #1,742
  • Feb 7, 2016 11:35pm Feb 7, 2016 11:35pm
Quoting JMaurice
{quote} 2nd Long EURJPY for 20 pips. Reasoning: Daily - EMA still support, market near EMA. H2 - White cross Purple, PSAR eliminated as Resistance, open Above Smooth. Purple heading to potentially cross Smooth. H1 - 4 Horsemen are support, EMA is support. Market pulled back to Support of EMA, Purple, & Smooth. Entry at 2 HR open bar open. Exit at 1HR ROMAR and SAR attaching to 2HR signaling end of upswing. {image} {image}
Jmurice ! good analyse in my opinion . succesfull trade
  • #1,743
  • Feb 8, 2016 12:34am Feb 8, 2016 12:34am
my 1st post re this interesting system.
so now do we have a SAR short in the direction of DB ?
Fib is still down.
will this bump up further?
time will tell of course.
  • #1,744
  • Feb 8, 2016 1:20am Feb 8, 2016 1:20am
Quoting ptla
my 1st post re this interesting system. so now do we have a SAR short in the direction of DB ? Fib is still down. will this bump up further? time will tell of course.
From my understanding we aren't at the end of the swing high yet. When white crosses purple on the h1 this will end the swing. Anyone else care to comment whether this is their interpretation.
  • #1,745
  • Feb 8, 2016 1:23am Feb 8, 2016 1:23am
I took a long at 130.600 on EJ at the open of the 3rd 2HR candle from sydney open.
  • #1,746
  • Feb 8, 2016 1:26am Feb 8, 2016 1:26am
Quoting tonybrou
{quote} From my understanding we aren't at the end of the swing high yet. When white crosses purple on the h1 this will end the swing. Anyone else care to comment whether this is their interpretation.
When WHITE crosses PURPLE on the H2 traders must close their positions.
  • #1,747
  • Feb 8, 2016 1:52am Feb 8, 2016 1:52am
I went long on AU for 20TP / 40SL.

1. ROMAR is above EMA on all 3 charts for a downtrend, but the market stop at EMA support on the daily chart.
2. On the H2, WHITE crossed PURPLE for consolidation, and looks like SMOOTH is also about to cross PURPLE for the 1st stage of reversal going for a up swing.
3. On the H1, The market was close to EMA, PURPLE, WHITE, and SMOOTH which are supports.


This is the reason why I went long. I am just as new as everyone else with this Paradox strategy, and I truly believe in this system just like everyone else.
So the reasoning why I went long could be ALL wrong, and maybe I shouldn't have taken the long, or even tried to make a trade.
I am sure we could learn something from this trade whether it was a good or bad trade, so PLEASE DO COMMENT this trade.
I will try to post every trade that I make with this system, so we could all learn.
Thank you Dove for your generosity.

D1; https://charts.mql5.com/10/131/audus...al-markets.png

H2; https://charts.mql5.com/10/131/audus...al-markets.png

H1; https://charts.mql5.com/10/131/audus...-markets-2.png
  • #1,748
  • Feb 8, 2016 3:43am Feb 8, 2016 3:43am
Quoting William91
I went long on AU for 20TP / 40SL. 1. ROMAR is above EMA on all 3 charts for a downtrend, but the market stop at EMA support on the daily chart. 2. On the H2, WHITE crossed PURPLE for consolidation, and looks like SMOOTH is also about to cross PURPLE for the 1st stage of reversal going for a up swing. 3. On the H1, The market was close to EMA, PURPLE, WHITE, and SMOOTH which are supports. This is the reason why I went long. I am just as new as everyone else with this Paradox strategy, and I truly believe in this system just like everyone else. So...
As you stated - ROMAR is above EMA on all 3 charts for a downtrend. So, you should take ONLY short positions.
  • #1,749
  • Feb 8, 2016 4:27am Feb 8, 2016 4:27am
Quoting bigijs
{quote} As you stated - ROMAR is above EMA on all 3 charts for a downtrend. So, you should take ONLY short positions.
Yes and no,
I believe we were in consolidation, therefore we could trade either long or short.
From support to resistance, and vice-versa. As long we do not trade from the center.
  • #1,750
  • Feb 8, 2016 5:26am Feb 8, 2016 5:26am
Quoting bigijs
{quote} As you stated - ROMAR is above EMA on all 3 charts for a downtrend. So, you should take ONLY short positions.
  • #1,751
  • Feb 8, 2016 9:10am Feb 8, 2016 9:10am
Long H2 EURJPY

Unfortunately I was asleep for the London big move down, but there looked to be a nice entry on the H1 when White Crossed Purple following the SAR print on the top of H2. I woke up to find price closed outside the lower BB on H2 and H1, which during my back testing of the past six months, has shown to be a consistent indication of a retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.8.16 - H2.png Size: 71 KB
  • #1,752
  • Feb 8, 2016 10:05am Feb 8, 2016 10:05am
Im having a tough time understanding which of the 4 horsemen you can assume is going to act as support or resistance in an up or down trend. For example if there is a clear downtrend with romar above ema, with all the 4 horsemen pointing down, and price below, then how to a come to a conclusion of which of those resistence levels is going to make price rebound from when it retraces back??

p.s I know i shouldnt use the word price in relation to this system but i dont know another way of describing it?
  • #1,753
  • Feb 8, 2016 10:13am Feb 8, 2016 10:13am
Quoting Hazza88
Im having a tough time understanding which of the 4 horsemen you can assume is going to act as support or resistance in an up or down trend. For example if there is a clear downtrend with romar above ema, with all the 4 horsemen pointing down, and price below, then how to a come to a conclusion of which of those resistence levels is going to make price rebound from when it retraces back?? p.s I know i shouldnt use the word price in relation to this system but i dont know another way of describing it?
I too don't understand. The last hour, the market opened at Purple on the H1 and a short obviously would have worked well. However, it could also retrace farther to White or Smooth or EMA or ROMAR. So other than waiting for the Purple to cross White to the up (to indicate the retracement) and then Purple to again cross White back down (to indicate the end of the retracement), I don't know how to enter.

Another H2 market close outside the BB; entry at open of H2 bar.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.8.16 - H2.png Size: 70 KB
  • #1,754
  • Feb 8, 2016 10:21am Feb 8, 2016 10:21am
Quoting JMaurice
{quote} I too don't understand. The last hour, the market opened at Purple on the H1 and a short obviously would have worked well. However, it could also retrace farther to White or Smooth or EMA or ROMAR. So other than waiting for the Purple to cross White to the up (to indicate the retracement) and then Purple to again cross White back down (to indicate the end of the retracement), I don't know how to enter. Another H2 market close outside the BB; entry at open of H2 bar. {image}
I was wondering exactly the same thing with that 1H candle, also on the 2h it was very far from any of the resistance levels, so does that distance mattter?
  • #1,755
  • Feb 8, 2016 10:24am Feb 8, 2016 10:24am
Guys, let's start with the basics again.

First step: When market is in downtrend we open ONLY short positions. When market is in uptrend we open ONLY long positions.

Now market is in downtrend (all 3 timeframes ROMAR show down) and we open ONLY short positions.
  • #1,756
  • Feb 8, 2016 10:27am Feb 8, 2016 10:27am
Quoting bigijs
Guys, let's start with the basics again. First step: When market is in downtrend we open ONLY short positions. When market is in uptrend we open ONLY long positions. Now market is in downtrend (all 3 timeframes ROMAR show down) and we open ONLY short positions.
Are you saying that in relation to either mine or Jmaurice's comments? Because thats not the confusion, the confusion is which of those resistance levels in the downtrend we wait for the market to hit before taking the short? We will miss the opportunity if we dont understand this before.
  • #1,757
  • Feb 8, 2016 10:43am Feb 8, 2016 10:43am
Quoting bigijs
Guys, let's start with the basics again. First step: When market is in downtrend we open ONLY short positions. When market is in uptrend we open ONLY long positions. Now market is in downtrend (all 3 timeframes ROMAR show down) and we open ONLY short positions.
Thank you. So even though the EMA (and Smooth) is currently SUPPORT on the Daily, we still consider it in a full downtrend? Is the only thing that maters ROMAR versus EMA to determine the trend? Thank you for the help.
  • #1,758
  • Feb 8, 2016 11:18am Feb 8, 2016 11:18am
Quoting Hazza88
{quote} Are you saying that in relation to either mine or Jmaurice's comments? Because thats not the confusion, the confusion is which of those resistance levels in the downtrend we wait for the market to hit before taking the short? We will miss the opportunity if we dont understand this before.
If you miss one opportunity... stay away... that is the virus of all traders.. that we want to be in the market all the time.... Is better to entry in very good setup and a safezone.... FOREX is going to be forever.. so lets learn slowy this. BTW this system is for 6 months training not just 2weeks and the 3 week try to entry the market daily.
  • #1,759
  • Feb 8, 2016 11:25am Feb 8, 2016 11:25am
There are some of you flip-flopping between support and resistance and not paying attention at all.

Basic rules:
a: Do not trade against the trend.
b: Trade objectively and not subjectively using support and resistance.
c: Do not chase the market but let the market come to you.
d: The 2 hour chart is your trend chart for the system.
e: The Daily is your reference for the Daily trend, support, and resistance.

What does rule e: say? And what does this Daily screen-shot below say?
Attached Image (click to enlarge)
Click to Enlarge Name: Daily_02-08.JPG Size: 60 KB


It says Purple,White, and Smooth is RESISTANCE. That it is what it says. It also says EMA is SUPPORT of not crossing Purple yet. It also says that both ROMAR/EMA is the Trend RESISTANCE - DOWNTREND.

What does this 2 hour screen-shot below say?
Attached Image (click to enlarge)
Click to Enlarge Name: SN - H2 - 02_08.JPG Size: 82 KB


Very clearly - ROMAR had crossed EMA of yesterday's opening for the DOWNTREND. And "IF" you was creating a daily trading plan you would had seen the Daily chart Purple hit was entry with the opening below EMA support retracing to Purple Resistance. ALL THREE CHARTS ROMAR/EMA ARE IN THE DOWNTREND.
The Dove - Forex Trainer
  • #1,760
  • Feb 8, 2016 11:32am Feb 8, 2016 11:32am
Quoting dove_alliance
There are some of you flip-flopping between support and resistance and not paying attention at all. Basic rules: a: Do not trade against the trend. b: Trade objectively and not subjectively using support and resistance. c: Do not chase the market but let the market come to you. d: The 2 hour chart is your trend chart for the system. e: The Daily is your reference for the Daily trend, support, and resistance. What does rule e: say? And what does this Daily screen-shot below say? {image} It says Purple,White, and Smooth is RESISTANCE. That it is what...
Thank you.
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