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The Paradox System

  • #1,981
  • Feb 10, 2016 1:44am Feb 10, 2016 1:44am
I opened long @ 129.65
  • #1,982
  • Feb 10, 2016 2:02am Feb 10, 2016 2:02am
Ups, I'm out of position. H2 shows down.
  • #1,983
  • Feb 10, 2016 2:06am Feb 10, 2016 2:06am
EJ Daily: Romar indicates downtrend, but have EMA as support against purple still.
H2: Romar indicates down, but also EMA is acting as support against purple
H1: Romar downtrend, EMA downtrend, PSAR downtrend but Purple at the cross of white so indicating PSAR is null.

Notes: Romar is down on the 3 charts. I wanted to sell once price hit Purple on H2 but didnt want to get caught between EMA since it is still support. On hindsight, would have been a good trade for 20 pips had I taken it since on H1 it hit Romar. For now I will wait for H2 to open under EMA.

This is using my limited knowledge of the Paradox, someone please correct me if I am wrong. Thanks.
  • #1,984
  • Feb 10, 2016 2:18am Feb 10, 2016 2:18am
So, I again opened short position @ 129.54
  • #1,985
  • Feb 10, 2016 2:24am Feb 10, 2016 2:24am
Quoting cardm3n
EJ Daily: Romar indicates downtrend, but have EMA as support against purple still. H2: Romar indicates down, but also EMA is acting as support against purple H1: Romar downtrend, EMA downtrend, PSAR downtrend but Purple at the cross of white so indicating PSAR is null. Notes: Romar is down on the 3 charts. I wanted to sell once price hit Purple on H2 but didnt want to get caught between EMA since it is still support. On hindsight, would have been a good trade for 20 pips had I taken it since on H1 it hit Romar. For now I will wait for H2 to open...
Hehe, looks like that bounce off of purple on H2/Romar H1 would have been a TP. What are we supposed to make of the EMA being under Purple, white, smooth and Romar? Isnt it Support in that situation? Would we be wary of getting "Pinched" in a position like that?
Attached Image (click to enlarge)
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  • #1,986
  • Feb 10, 2016 2:39am Feb 10, 2016 2:39am
I'm out of short position +31 pips.
From previous long position (which I opened by mistake) I got out with -7 pips.
So, today I got 24 pips (31-7=24)
  • #1,987
  • Feb 10, 2016 3:00am Feb 10, 2016 3:00am
My first trade today: 2H entry under EMA and Purple in downtrend. Purple had also crossed Smooth.

Attached Image


And here is the 1 hour for reference:

Attached Image


(Removed some indicators to better show the trade)

Would like feedback as still learning
  • #1,988
  • Feb 10, 2016 6:10am Feb 10, 2016 6:10am
In H2 right now, fibo is green, should we wait until it becomes red again and going short?
  • #1,989
  • Feb 10, 2016 6:35am Feb 10, 2016 6:35am
Quoting mav3n
In H2 right now, fibo is green, should we wait until it becomes red again and going short?
Are you trading off the Fibo alone? Changing color is not an entry. Take a look at Dove's comments yesterday on proper entries. Fibos are up on al charts and Romar is down...we're in consolidation. Purple crossed EMA so it's resistance. It's tight right now for any entry. I would wait for a breakout then, if it goes down, be patient and wait for a retrace back to the 4 horsemen and an open candle below smooth. If that happens. That's the way I see it at least.
~ Tim
  • #1,990
  • Feb 10, 2016 6:39am Feb 10, 2016 6:39am
Quoting mav3n
In H2 right now, fibo is green, should we wait until it becomes red again and going short?
Also...Fed chair yellen is speaking in 3 hours so I'm guessing the market will be waiting on her testimony on monetary policy. Possibly some movement when NY opens but be aware of that news event if you plan on entering a trade. Even tho it's E/J, USD news can effect this pair.
~ Tim
  • #1,991
  • Feb 10, 2016 6:49am Feb 10, 2016 6:49am
Quoting Repoman
{quote} Are you trading off the Fibo alone?
Nope, i am using H2 as my main trend indicator. A few hours ago i just get my 40 pips, going short from 129.59, reason : purple had crossed white, market retraced to H2's EMA.

I am interested in fibo, because i read again Dove's previous post about fibo flip and parabolic flip as entry. Just curious if someone else has understand this fully. Thanks
  • #1,992
  • Feb 10, 2016 7:38am Feb 10, 2016 7:38am
Quoting badroodtyger
hey dove i have been following your thread for 2 weeks and i really want to follow your method, because it's logic makes sense to me but it is against my main rule which says: don't follow what you don't know what it is exactly and the problem is here, i don't know what exactly your indicators are i don't want to be rude, but i don't think there is any wise person which does that people here, like me,are struggling to find a profitable method, but this is the biggest mistake that any trader can make: sticking with an unknown method you seem to be...
He says that he is trading this paradox system more of 14 years...., maybe is just MAs... maybe not... but who cares... backtesting?? Just trade the moment and thats it.. trade it 6 months and make ur results.... The only thing that Dove_Alliance should share their sources is when the MT4 has an update and the indicators doesnt work anymore... we can create a new ones... but not for "backtest" cmon.. u can test it in the moment....
  • #1,993
  • Feb 10, 2016 7:43am Feb 10, 2016 7:43am
EURJPY short for 20pips.

Reasoning:

D1: Downtrend with EMA as the only remaining support and the market well beyond it.
H2: Downtrend with 4 Horsemen in Downtrend, EMA as resistance, market open at Purple & White. Market open below EMA/Smooth.
H1: Downtrend with H1 candle open above PSAR and PSAR did not flip. I woke up too late to catch the entry up near the PSAR so entered at the 2HR Open Price.
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  • #1,994
  • Feb 10, 2016 7:45am Feb 10, 2016 7:45am
Quoting JMaurice
EURJPY short for 20pips. Reasoning: D1: Downtrend with EMA as the only remaining support and the market well beyond it. H2: Downtrend with 4 Horsemen in Downtrend, EMA as resistance, market open at Purple & White. Market open below EMA/Smooth. H1: Downtrend with H1 candle open above PSAR and PSAR did not flip. I woke up too late to catch the entry up near the PSAR so entered at the 2HR Open Price. {image}
Very nice... i entry in that short too but i put my BE very fast... and the price retrace and start to going down... so i only take 2 pips. But for today i have 130pips profit closed. It should be 150pips with this down trade but its ok . If i miss or the market touch my BE... im going to wait for my next opportunity GoodLuck.
  • #1,995
  • Feb 10, 2016 7:56am Feb 10, 2016 7:56am
Quoting Contrax
{quote} He says that he is trading this paradox system more of 14 years...., maybe is just MAs... maybe not... but who cares... backtesting?? Just trade the moment and thats it.. trade it 6 months and make ur results.... The only thing that Dove_Alliance should share their sources is when the MT4 has an update and the indicators doesnt work anymore... we can create a new ones... but not for "backtest" cmon.. u can test it in the moment....
Hello Contrax,
I following this threed since it is started, and i trust in this sytem i try to learn it, you know what when i see your Trading Plans i thinking the same way as you, but my problem is that i dont uderstand yet when then start to trade and from which point, but i will learn.

But what we will do if in 2 or 4 months MT4 will be updated and indicators will not work? This is an real situation that can occure in near future.
  • #1,996
  • Feb 10, 2016 8:04am Feb 10, 2016 8:04am
H1 & H2 retracing back towards horsemen...watch...correct guys?
~ Tim
  • #1,997
  • Feb 10, 2016 8:12am Feb 10, 2016 8:12am
Hi everyone! Dove what do you think about this trade? I have read the whole thread and this strategy looks amazing. I am going to study hard to master it!
Attached Image (click to enlarge)
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  • #1,998
  • Feb 10, 2016 8:12am Feb 10, 2016 8:12am
Just a suggestion, for those who still do not get it, keep reading post 20 until you do.
  • #1,999
  • Feb 10, 2016 8:28am Feb 10, 2016 8:28am
Quoting dmitrl
{quote} Hello Contrax, I following this threed since it is started, and i trust in this sytem i try to learn it, you know what when i see your Trading Plans i thinking the same way as you, but my problem is that i dont uderstand yet when then start to trade and from which point, but i will learn. But what we will do if in 2 or 4 months MT4 will be updated and indicators will not work? This is an real situation that can occure in near future.
Sell at Resistance. Buy at Support.
  • #2,000
  • Feb 10, 2016 9:31am Feb 10, 2016 9:31am
I was hesitating to take short at opening of the 2H bar at 129.007 ,
don't know why ? because of the fib 23.6 on 2H chart ?
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