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Paradox System: post your entry here 12 replies

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Attachments: The Paradox System
Exit Attachments

The Paradox System

Remember also this is not a race for pip count. 20-40 pips/day or even every couple days is all you need to multiply the account.
Exactly.. Stay away from other systems and other "viruses from ur head".... ignore everything.. just focus in Paradox... And dont rush to gain pips...

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I am still a little too early in (afraid to miss the move). Short EJ entry today @ 129,391 with sl40/tp40 after almost 4h trade closed positive +40 pips.

Feels like I can make more sense from indicators, but trust comes with practice. Probably I have understood something like 30% that Dana has shared so far.


Here was my entry
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Here my tp was hit
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So trend is obviously down (the EMA on the daily should become resistance soon, but is the only support currently - purple might have already crossed it on a 6-day/week broker), but we are very far away from any resistances. Preference would be for:

1) H2 to retrace back to 4 Horsemen and have the SAR attach on top.
2) H1 to then have purple cross white back down with an open below Smooth/EMA, or open above the PSAR without the PSAR flipping.

For that scenario to play out, it will take some time, so I will check later.

Is this correct thinking?
anyone has an idea why this is called "paradox". i feel there must be something in the name that will help people change their mindset so they can use the system.
Think : Trade : Live Life
Quoting stt
anyone has an idea why this is called "paradox". i feel there must be something in the name that will help people change their mindset so they can use the system.
The indicators can be both support and resistance depending on their relation to each other?
Hello, i entry in a Long. Please comments and suggestions are welcome. I want accept that this trade i dont was very comfortable than when i see setups with 4Horsemen and Romar. But takes TP. What u think ?
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Quoting Contrax
Hello, i entry in a Long. Please comments and suggestions are welcome. I want accept that this trade i dont was very comfortable than when i see setups with 4Horsemen and Romar. But takes TP. What u think ? {image}
I was taking these countertrend BB hit trades the other day, too which Dove responded: Rule 1: Trade with the TREND.

There are lots of ways to get lucky and hit profit targets. Whether or not the one you took is repeatable, is the question I suppose.
Quoting JMaurice
{quote} I was taking these countertrend BB hit trades the other day, too which Dove responded: Rule 1: Trade with the TREND. There are lots of ways to get lucky and hit profit targets. Whether or not the one you took is repeatable, is the question I suppose.
Dove_Alliance says:

"With the Fibo's up and the ROMAR's down - you are in consolidation. But the major reason for consolidation is the Daily EMA. The Daily EMA is still support in not crossing the Daily Purple as of yet."

Is the reason that i take that Buy for only 20 pips.
Quoting Contrax
{quote} Dove_Alliance says: "With the Fibo's up and the ROMAR's down - you are in consolidation. But the major reason for consolidation is the Daily EMA. The Daily EMA is still support in not crossing the Daily Purple as of yet." Is the reason that i take that Buy for only 20 pips.
And the support you bought from was the 0 fib? You can do whatever you want, but you keep telling everyone patience, Forex is here forever, etc.. But then you are adding to losing positions and taking countertrend trades that have not really been shown as examples for trades. But perhaps I am wrong and this is a type of trade that just hasn't come up yet in our discussions.
Quoting JMaurice
{quote} And the support you bought from was the 0 fib?
I post the screenshot. I put my trade, set my SL and TP.. and take a shower... when i finish taking the shower, i see my TP reached.

(I just back to my home, and look the charts if i can see any setup and i found that the price was bellow of zero... And then i check H2 and the same Bellow of zero... Check D1 and i see it was at Fib line...... i check that 3 fibs was green.... and bellow of zero the price already... so i entry to the market.)
Quoting Contrax
{quote} I post the screenshot. I put my trade, set my SL and TP.. and take a shower... when i finish taking the shower, i see my TP reached. (I just back to my home, and look the charts if i can see any setup and i found that the price was bellow of zero... And then i check H2 and the same Bellow of zero... Check D1 and i see it was at Fib line...... i check that 3 fibs was green.... and bellow of zero the price already... so i entry to the market.)
Got it, thank you.
Ok I want to Talk something about my "Multiples Orders" and "Money Magnament"

In here Dana says that we only entry one time and before we entry.. we set our SL and TP and never change of position... only the SL to Breakeven. The variables is 40TP and 40SL or 20TP and 40SL right?

So if u have in ur account certain quantity of money that u can trade for example with 0.20 and u are risking the 2% or 5% i mean u are following ur own Money Magnament correct.... The thing i do is this:

If i see a setup for entry... and my total lotsize that im going to risk is 0.20 .... Well i entry with 0.10 TP 40 SL 40 .... if the price retrace and go against me... I know that i have others 0.10 (because my total lotsize was 0.20 my total %2 40pips SL). So for example, if the price retrace 20 pips... i can entry with the other 0.10 lotsize and put SL 20pips (is 40pips from my first order..) and TP 60 pips (TP 40 Pips from my first order).

So if the price follow the setup.. in the first trade 0.10 and start with profit and walks to my TP with my 0.10 its ok... i made money.. im not going to let me Emotions says "OMG WHY I DIDNT ENTRY WITH ALL MY 0.20" "OMG this" "OMG other"... If the price retrace and i entry with my second order and then go to profits... excellent... i risk 20/60 and 40/40.... and if the trade go against me i loss in total 60 pips and not 80pips... That make sense? Obviosly "NEVER TRADE MORE LOTSIZE THAT U CANNOT RISK WITH UR MONEY MAGNAMENT"

This is my personal opinion... If my first entry is 0.20 im not going to add any positions because already is in game all my lotsize %risk avaiable for that trade.
Quoting Contrax
{quote} I post the screenshot. I put my trade, set my SL and TP.. and take a shower... when i finish taking the shower, i see my TP reached. (I just back to my home, and look the charts if i can see any setup and i found that the price was bellow of zero... And then i check H2 and the same Bellow of zero... Check D1 and i see it was at Fib line...... i check that 3 fibs was green.... and bellow of zero the price already... so i entry to the market.)
I guess you can trade this way and see where it goes after 6 months but ....
it's not by the current rules, so you should store that kind of trades in some other folder.
EJ today sure is a good pair for paradox students. I made 60 live pips.
Sorry Dana I broke the rule, I could not help myself from trying, the set ups was perfect!!
Thanks Dana I hope you get this message.
Quoting bigijs
{quote} I guess you can trade this way and see where it goes after 6 months but .... it's not by the current rules, so you should store that kind of trades in some other folder.
Thank you, yes i accept that i not was very comfortable with that trade.... but i dont know if i did right or wrong... I wait if Dove_Alliance want to comment something about it. And yes.. im saving pictures of my own trading for study.
Quoting Contrax
Ok I want to Talk something about my "Multiples Orders" and "Money Magnament" In here Dana says that we only entry one time and before we entry.. we set our SL and TP and never change of position... only the SL to Breakeven. The variables is 40TP and 40SL or 20TP and 40SL right? So if u have in ur account certain quantity of money that u can trade for example with 0.20 and u are risking the 2% or 5% i mean u are following ur own Money Magnament correct.... The thing i do is this: If i see a setup for entry... and my total lotsize that im going to...
Once we are in the trade with the set TP and SL we change our position based on current market movement and sentiment:
1) we move SL to B/E when position is +20 pips
2) we close position at least 5 min. before major news
3) we close position when PURPLE crosses WHITE on H2 in opposit direction.
4) we close position on other factors when they clearly show that market is going to go against our position.
Quoting bigijs
{quote} Once we are in the trade with the set TP and SL we change our position based on current market movement and sentiment: 1) we move SL to B/E when position is +20 pips 2) we close position at least 5 min. before major news 3) we close position when PURPLE crosses WHITE on H2 in opposit direction. 4) we close position on other factors when they clearly show that market is going to go against our position.
Yes... exactly. and talking the "4) we close position on other factors when they clearly show that market is going to go against our position. " is similar of 3) and i see the H1 and H2.

If the price retrace.. but the setup continue in there... i add my lotsize left... if the price retrace and i see... even... in H1 the horsemen is going opposite.. i dont add anything...
Sorry if im confuse somebody... im Student and we have 5 months more for learn this. And like my other post... do not follow me.. im a student i just share things and i want to read opinions for i can learn better.
And what I want to say about position size is this:
NEVER add additional position to a losing trade EVER!

That is very dangerous game to play. It can lead you to a very bad trading habits.
If we don't wanna get bad trading habits then we'd better stay out of that kind of practice.
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