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The Paradox System

  • #2,121
  • Feb 11, 2016 5:04pm Feb 11, 2016 5:04pm
Quoting loleno
New day, new plan. Daily ROMAR: Resistance EMA: Resistance Parabolic: Resistance Notes: Still in downtrend 2H ROMAR: Resistance EMA: Resistance Parabolic: Resistance Notes: White and Smooth had crossed Purple. Purple making its way to EMA. 1H ROMAR: Resistance EMA: Support Parabolic: Support Notes: The market remains supported by 4 horsemen and EMA. Direction: We are in ROMAR downtrend on all 3 charts but we have 1H EMA out of sync for a consolidation. {image}
So my plan is similar, of course, as it is what it is on the charts. I have stated my entry as:

Purple cross White downward on H2, entry at bar open below smooth. Purple H2 is moving toward the EMA which is resistance and Purple crossing White thereafter would indicate a rejection of the EMA. Also, SAR is currently on top of the H2.

Alternatively, an open above the 2HR PSAR without PSAR flipping - I think this is unlikely as the PSAR is almost to EMA and could flip.

Reasonable thought process?
  • #2,122
  • Feb 11, 2016 5:13pm Feb 11, 2016 5:13pm
Quoting JMaurice
{quote} So my plan is similar, of course, as it is what it is on the charts. I have stated my entry as: Purple cross White downward on H2, entry at bar open below smooth. Purple H2 is moving toward the EMA which is resistance and Purple crossing White thereafter would indicate a rejection of the EMA. Also, SAR is currently on top of the H2. Alternatively, an open above the 2HR PSAR without PSAR flipping - I think this is unlikely as the PSAR is almost to EMA and could flip. Reasonable thought process?
You're welcome mate.

Sounds like a reasonable plan but I think you might be anticipating too much. The whole point is to trade in the moment. Yesterday for example was a strong downtrend and I must admit my mind was on taking a trade from resistance and that clouded my thinking by having a predetermined direction in mind. I should be more open to reading the bar moment by moment and note the changes in the indicators.
  • #2,123
  • Feb 11, 2016 5:18pm Feb 11, 2016 5:18pm
Quoting loleno
{quote} You're welcome mate. Sounds like a reasonable plan but I think you might be anticipating too much. The whole point is to trade in the moment. Yesterday for example was a strong downtrend and I must admit my mind was on taking a trade from resistance and that clouded my thinking by having a predetermined direction in mind. I should be more open to reading the bar moment by moment and note the changes in the indicators.
Got it - thank you again. Other than Purple crossing White and bar open on the other side of Smooth, I'm not quite sure how to enter (other than the open beyond PSAR with no PSAR flip). Just for sake of discussion, in the current state of the H1 and H2, we are in consolidation, meaning we could take a long. What could create the 'trigger moment' for a long?

My thoughts (which could be way off base): PSAR flip on H2. Pullback and open near Smooth support on H2.


Edit: Quote from Dove.

"I trade the 2 hour bar. If I see the an entry on the 2 hour then I reference the 1 hour to see if the 1 hour is in consistent with the 2. If they are then I will take an entry off support going up on either chart or - down off resistance on either chart (depending on trend). BUT again; the entry has be within the last 10-15 minutes of ending the 2 hour candle. If too early could cost me the retrace (drawback) of the entry. In other words - The 2 or 1 could hit either support/resistance and keep going lower/low or higher/high with the entry and leave me in the hole instead of B/E. Most times I will wait for the next 2 hour open bar."
  • #2,124
  • Feb 11, 2016 5:41pm Feb 11, 2016 5:41pm
Quoting JMaurice
{quote} Got it - thank you again. Other than Purple crossing White and bar open on the other side of Smooth, I'm not quite sure how to enter (other than the open beyond PSAR with no PSAR flip). Just for sake of discussion, in the current state of the H1 and H2, we are in consolidation, meaning we could take a long. What could create the 'trigger moment' for a long? My thoughts (which could be way off base): PSAR flip on H2. Pullback and open near Smooth support on H2.
For the sake of discussion, since H2 White and Smooth had already crossed Purple, I want to see EMA cross Purple, and Parabolic flip, before I take a long.

Thanks for the quote. I think for now I will keep it as simple as possible and maybe down the track I will experiment with earlier entries.
  • #2,125
  • Feb 11, 2016 5:49pm Feb 11, 2016 5:49pm
Quoting loleno
{quote} For the sake of discussion, since H2 White and Smooth had already crossed Purple, I want to see EMA cross Purple, and Parabolic flip, before I take a long. Thanks for the quote. I think for now I will keep it as simple as possible and maybe down the track I will experiment with earlier entries.
I get it - EMA is resistance to purple currently. This has been helpful - thank you for talking it through with me. The quote was more because I was going through my notes and thought it somewhat relevant to our discussion. I'm sticking with bar opens for entries. -
  • #2,126
  • Feb 11, 2016 5:55pm Feb 11, 2016 5:55pm
Quoting JMaurice
{quote} I get it - EMA is resistance to purple currently. This has been helpful - thank you for talking it through with me. The quote was more because I was going through my notes and thought it somewhat relevant to our discussion. I'm sticking with bar opens for entries. -
Been helpful for me too, thanks
  • #2,127
  • Feb 11, 2016 6:06pm Feb 11, 2016 6:06pm
Has anyone figured out the SAR and DB yet? I though they were not supposed to repaint in consolidation, just in trends. From looking at my charts in real time, it seems I can not trust them in any situation. Same with the difference when they are red and when they are green. Has anyone had any better luck with them than me? Maybe you can tell me what I am missing.
  • #2,128
  • Feb 11, 2016 7:00pm Feb 11, 2016 7:00pm
Quoting ender600ro
I hope I am not bothering again. I live in London, my broker has GMT +2 and I don't know how to setup the gmt offset. Thank you in advance and God bless you all.
Right click on chart>click Indicators list>click paradox session indicator>adjust GMT server offset.
Check you have correct bar time by comparing it to the recent chart of loleno's.
Top of this page. Post 2121.
Adjust as necessary.
  • #2,129
  • Feb 11, 2016 8:11pm Feb 11, 2016 8:11pm
Quoting rcbarlow
Has anyone figured out the SAR and DB yet? I though they were not supposed to repaint in consolidation, just in trends. From looking at my charts in real time, it seems I can not trust them in any situation. Same with the difference when they are red and when they are green. Has anyone had any better luck with them than me? Maybe you can tell me what I am missing.
I too have seen the SAR move to a higher high after it attached to a high (without having attached to a low inbetween). What I have been using them for is an indication that a leg up/down has happened and that I can now start to look for the signs of the market swinging back the other way (waiting for Purple to cross White).
  • #2,130
  • Feb 11, 2016 8:18pm Feb 11, 2016 8:18pm
Anyone grab the trade that just happened? Textbook example
  • #2,131
  • Feb 11, 2016 8:20pm Feb 11, 2016 8:20pm
Quoting loleno
Anyone grab the trade that just happened? Textbook example
I don't see it... 2HR and 1HR Horsemen are going different directions. EMA/Romar are in the right configuration however. If EMA Romar are the same, but not the 4 Horsemen, is that okay?

Edit: Actually EMA is support on H1 and resistance on H2. Horseman are Resistance on H1 but Support on H2. It seems like no trade?
  • #2,132
  • Feb 11, 2016 8:26pm Feb 11, 2016 8:26pm
Quoting JMaurice
{quote} I don't see it... 2HR and 1HR Horsemen are going different directions. EMA/Romar are in the right configuration however. If EMA Romar are the same, but not the 4 Horsemen, is that okay?

2H is still down as shown by ROMAR at resistance and EMA still at resistance. Then on the 1H, White just crossed Purple (Dana mentioned numerous times this crossing is the very first step of trend reversal/consolidation). The very first thing to notice is that this cross is with the direction of the ROMAR trend. Parabolic is also eliminated because of this cross. Price opened below 1H EMA and Smooth, and that was entry.
  • #2,133
  • Feb 11, 2016 8:28pm Feb 11, 2016 8:28pm
Quoting loleno
{quote} 2H is still down as shown by ROMAR at resistance and EMA still at resistance. Then on the 1H, White just crossed Purple (Dana mentioned numerous times this crossing is the very first step of trend reversal/consolidation). The very first thing to notice is that this cross is with the direction of the ROMAR trend. Parabolic is also eliminated because of this cross. Price opened below 1H EMA and Smooth, and that was entry.

Quote per Dove:

"You have to always remember the 2 hour is your TREND chart and the 1 hour is your reference for entry with the 2 hour. For a good trade to be established is when the 1 hour 4 horsemen are sync with the 2 hour. In other words; they both are in the same direction. Otherwise you will be counter-trading for a loss. "

I think the entry will be after the 2HR Purple crosses White as the 4 Horseman are currently not in sync.
  • #2,134
  • Feb 11, 2016 8:45pm Feb 11, 2016 8:45pm
Quoting JMaurice
{quote} Quote per Dove: "You have to always remember the 2 hour is your TREND chart and the 1 hour is your reference for entry with the 2 hour. For a good trade to be established is when the 1 hour 4 horsemen are sync with the 2 hour. In other words; they both are in the same direction. Otherwise you will be counter-trading for a loss. " I think the entry will be after the 2HR Purple crosses White as the 4 Horseman are currently not in sync.
Thank you, I really hope I am wrong because I am still learning. I think I misinterpreted what Dove said on post #450. He was referring to a 2H chart and I was referring to a 1H chart.

So what just happened on the 1H chart would be an ideal entry IF it was on the 2H chart.

Actually I just switched to a M30 chart just to see. The whole concept is much clearer now thanks. And you are absolutely right that we need to wait until 2H Purple crosses White.
  • #2,135
  • Feb 11, 2016 8:53pm Feb 11, 2016 8:53pm
no wonder Dana said it takes 6 months, this is long journey of learning process, hopefully we don't confuse each others, we need someone like Dana that can describe when taking positions in such consolidation situation. thanks for those posting with good explanations so far.
i have hard times to see at the charts.
  • #2,136
  • Feb 11, 2016 8:58pm Feb 11, 2016 8:58pm
Quoting goldtime
no wonder Dana said it takes 6 months, this is long journey of learning process, hopefully we don't confuse each others, we need someone like Dana that can describe when taking positions in such consolidation situation. thanks for those posting with good explanations so far. i have hard times to see at the charts.
Yes I agree it can be confusing at times. Dana has already posted all we need to know to master this system. It's up to us to interpret the posts correctly and apply the principles in real time. Also having other traders here helping each other is a big help too. This is my first week studying this system so still got a long way to go.
  • #2,137
  • Feb 11, 2016 9:09pm Feb 11, 2016 9:09pm
I hope to contribute soon in a meaningful manner, but at this point I'm just trying to get the foundations of this system sorted.
Any help I give at the moment will just most likely lead to greater confusion lol.
  • #2,138
  • Feb 11, 2016 9:32pm Feb 11, 2016 9:32pm
Quoting loleno
{quote} Thank you, I really hope I am wrong because I am still learning. I think I misinterpreted what Dove said on post #450. He was referring to a 2H chart and I was referring to a 1H chart. So what just happened on the 1H chart would be an ideal entry IF it was on the 2H chart. Actually I just switched to a M30 chart just to see. The whole concept is much clearer now thanks. And you are absolutely right that we need to wait until 2H Purple crosses White.
Hey no need to thank me! I could be wrong, but trying to provide answers to questions forces me to reread the notes I have, and reread them again so its a good thing!
  • #2,139
  • Feb 11, 2016 10:11pm Feb 11, 2016 10:11pm
Does this system work on Windows 10?
  • #2,140
  • Feb 11, 2016 10:27pm Feb 11, 2016 10:27pm
every body good morning
i am new in trading system so i need help from your side i join f f since last 2 week and i read paradox system which is told by dove sir . but my problem here is how we count 40 pip as example eur/usd 1.12981 if i sell/buy taking this price where my 40 pip compleate or eur /jpy 127.330 sell/buy where 40 or 20 pip compleate . my languase not english so i am so tihgt from english side
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