The Paradox System | Page 112 | 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

  • #2,221
  • Feb 14, 2016 10:03pm Feb 14, 2016 10:03pm
Quoting chonchy
{quote} ....Knowing my friend Dana for a long time now, I wouldn't even dare to talk in here about trading or the system, but I can assure you that you will leave here a better trader in 6 months, that is all I have to say, and knowing about the market on a Sunday evening is not the way, learn the basics, read the notes, practice the turns, S/R, understand the indicators, forget about the bars, follow the waves of the indies, get in tune with the market, focus and watch the flow, focus, focus and focus, with time you will see the flow a mile away...

I suggest you traders stay together on this thread and help one another. Minds working together have a higher percentage of being successful. Those who get discourage then walk away and give yourself time to recoup; and then come back and reorganize your thoughts

Then why are you here?
  • #2,222
  • Feb 14, 2016 10:21pm Feb 14, 2016 10:21pm
Quoting mav3n
@Contrax : could you share with us? what do you see now in the moment? Thanks PS : as for me, i see that the H1 Romar had been breached, i am waiting for the market to retrace, and going long again, and set TP at least @ the D1 Purple.
Right now im watching the indicators because im confuse... so im learning how the price is reacting with the indicators right now.

For example... The price in Broker of "Sunday Candle" is in White line D1 and without "Sunday Candle" is touching purple.... But H1 and H2 have 4Horsemen in upside... but the Trend still Down.... So i dont know if we are in Consolidation or Not.... But if the price Bounce from here... Is going Purple to cross white very easy and then Smoth... and if follow that H2... so is the start of a new down swing trade... But im not sure... so... im still watching the market.
  • #2,223
  • Feb 14, 2016 10:24pm Feb 14, 2016 10:24pm
Quoting Contrax
{quote} Right now im watching the indicators because im confuse... so im learning how the price is reacting with the indicators right now. For example... The price in Broker of "Sunday Candle" is in White line D1 and without "Sunday Candle" is touching purple.... But H1 and H2 have 4Horsemen in upside... but the Trend still Down.... So i dont know if we are in Consolidation or Not.... But if the price Bounce from here... Is going Purple to cross white very easy and then Smoth... and if follow that H2... so is the start of a new down swing trade......
Thanks for your comment, let's watch for the market right now! thanks
  • #2,224
  • Feb 14, 2016 10:26pm Feb 14, 2016 10:26pm
This is Copy/Paste of a good quotes that i have read and save in my forex folder. In here.. we already have the system... and our master is only telling us that we need 6 months to understand it. But for sure.. is just my personal opinion.

*************************************************************************************

The 10,000 Hour Rule

I need to increase my hours of research, study and training. So far, I am spending only 2 hours a day. I need to make room in my schedule to increase my hours.

I want to be a Professional and I need to be targeting 10,000 hours of experience... So far the numbers aren't looking good.



========================
Explanation: :nerd:
It takes a lot of time to become an expert in any field. If you look at any endeavor; concert pianist, chess grandmasters, professional athletes, doctors, lawyers, craftsman - skills are nurtured, honed and developed at such a young age to accumulate the time necessary.

The rule: 10,000 Hours to become a Professional


8hrs x 5days x 52weeks = 2080 hours per year
10,000hrs / 2080hrs = 4.8 years

(It would take 4.8 years to become a Professional... if you spend 8hrs a day)
  • #2,225
  • Feb 15, 2016 12:09am Feb 15, 2016 12:09am
Right now, H2 Romar will enter into the trading area again (going inside bollinger bands), it will be the resistance.
Attached Image
  • #2,226
  • Feb 15, 2016 12:18am Feb 15, 2016 12:18am
Quoting loleno
{quote} Still learning too but didn't see anything that indicated an entry for me... I'm just going by the opens of new H2 candles and using H1 to confirm.
I am obviously still learning as well. The one trade setup I understand is when purple crosses white on the H2 chart and the market opens on the other side of Smooth or EMA. However, this obviously can't be everything, otherwise we wouldn't need three charts and wouldn't need all the indicators.

I understand the concept of buying at support and selling at resistance. However, how is this actually accomplished? When do you click enter? So far, I click enter when purple crosses white and market opens on the other side of Smooth or EMA. But that's not really buying at support or selling at resistance. That is a moving average system - not that there is anything wrong with that (this entry has been working excellent for me - its probably a trading method of its own). I just must be missing something.

Say H2 is in an uptrend with EMA above Romar and 4 Horsemen all in uptrend as well. D1 is the same. Market starts pulling back - at this point I am simply waiting for Purple to cross White and market open below smooth to short. However, buying "support" in a trend up, as has been stated endlessly in this thread, is what I don't understand. Put a limit order at Smooth to buy? Buy at the open at Smooth? Buy at market open at EMA? Buy on limit order at EMA? Buy at Parabolic on limit or at market open? Buy at Purple? Buy at White?

What actually triggers the buy at "Support" and what "Support" is supposed to be used?
  • #2,227
  • Feb 15, 2016 12:49am Feb 15, 2016 12:49am
Quoting Contrax
{quote} Hello sorry for the late reply... i was busy. Well exactly i can tell you... Make sure that u can see only 40 candles in ur CHART and when a new day appear, change the settings for the first candle in H1 must match with the vertical line. Did u get it?

thankyou very much sir
i will try it
  • #2,228
  • Feb 15, 2016 1:01am Feb 15, 2016 1:01am
Quoting JMaurice
{quote} I am obviously still learning as well. The one trade setup I understand is when purple crosses white on the H2 chart and the market opens on the other side of Smooth or EMA. However, this obviously can't be everything, otherwise we wouldn't need three charts and wouldn't need all the indicators. I understand the concept of buying at support and selling at resistance. However, how is this actually accomplished? When do you click enter? So far, I click enter when purple crosses white and market opens on the other side of Smooth or EMA. But...
We are on the same page and noone will answer my questions. I went back and looked at the examples, its different every time. Sometimes dove entered at just the cross of white/purple(with or without opens below smooth or ema), or waited on purple/smooth, purple/ema, and even purple/romar crosses. Other times he was adamant that we wait for all 4 Horseman to enter the trade. Then another trader waited on the 4horseman and sold; Dove told him that the trade was incorrect because he didn't recognize "the turn". And then never explained what is a correct turn and what is not a correct turn.

edit: Dove explicitly said that if the 2H parabolic had not flipped, that 1h would retrace back and forth until 2H parabolic had flipped and they were in sync. But again, there is examples of him taking trades not waiting for the parabolics so i don't have a clue guys.
  • #2,229
  • Feb 15, 2016 1:20am Feb 15, 2016 1:20am
Quoting JMaurice
{quote} I am obviously still learning as well. The one trade setup I understand is when purple crosses white on the H2 chart and the market opens on the other side of Smooth or EMA. However, this obviously can't be everything, otherwise we wouldn't need three charts and wouldn't need all the indicators. I understand the concept of buying at support and selling at resistance. However, how is this actually accomplished? When do you click enter? So far, I click enter when purple crosses white and market opens on the other side of Smooth or EMA. But...
I admit I don't fully understand all of it at this moment, hopefully someone can chime in with a different perspective.
  • #2,230
  • Feb 15, 2016 1:50am Feb 15, 2016 1:50am
One reason why I think it may be confusing to some people is that Dana said "the variables with this system for entries are countless." He has shown us many different ways of entering, but some seem to contradict each other?
  • #2,231
  • Feb 15, 2016 4:27am Feb 15, 2016 4:27am
Right now I'm waiting for a 1H EMA/Purple cross and 2H Purple/White/Smooth cross for an entry back into the downtrend. Let's see if this will happen.
  • #2,232
  • Feb 15, 2016 4:55am Feb 15, 2016 4:55am
How much notice are people taking of the MA signals? At the moment it's saying "strong buy", but like Loleno I'm waiting for a sell signal from resistance (appreciate that we are in consolidation and trades both ways are valid, but we are quite far from PSAR support and I think that a buy here would be very risky. When the audio signals go off, I'm usually unable to see a clear entry based upon them, although when I look back on the chart the arrows are very often right. At the moment I'm just using them as a prompt to see if there is a valid trade, but haven't acted upon one yet. What does everyone else think?
  • #2,233
  • Feb 15, 2016 5:59am Feb 15, 2016 5:59am
Purple, White, Smooth, PSAR:

Your four trading indicators Purple, White, Smooth, and PSAR are the resources for your profit. These 4 horsemen deliver the visual of each swing. White and Smooth must cross Purple before a trade can be taken. And in a slider (consolidation) EMA must also cross Purple for a reversal. If not; then the slider will continue in the original trend. And you use the 2 hour chart for this reference.


I'm not crazy right, that does say we need to wait for purple/ema cross for this EJ short correct?

Edit: Since is this is trending, do we ignore the ema then?
  • #2,234
  • Feb 15, 2016 6:10am Feb 15, 2016 6:10am
Quoting Sicarius
Purple, White, Smooth, PSAR: Your four trading indicators Purple, White, Smooth, and PSAR are the resources for your profit. These 4 horsemen deliver the visual of each swing. White and Smooth must cross Purple before a trade can be taken. And in a slider (consolidation) EMA must also cross Purple for a reversal. If not; then the slider will continue in the original trend. And you use the 2 hour chart for this reference. I'm not crazy right, that does say we need to wait for purple/ema cross for this EJ short correct? Edit: Since is this is trending,...
Purple needs to cross EMA for the PSAR to flip over to the top as resistance. Then we are set up for the short.

Then we are set up on the 2h chart and check with the 1h to make our entry.
  • #2,235
  • Feb 15, 2016 6:20am Feb 15, 2016 6:20am
I sold @ 127.55 with TP 40 and SL 40.
  • #2,236
  • Feb 15, 2016 6:23am Feb 15, 2016 6:23am
Quoting normdiploom
How much notice are people taking of the MA signals? At the moment it's saying "strong buy", but like Loleno I'm waiting for a sell signal from resistance (appreciate that we are in consolidation and trades both ways are valid, but we are quite far from PSAR support and I think that a buy here would be very risky. When the audio signals go off, I'm usually unable to see a clear entry based upon them, although when I look back on the chart the arrows are very often right. At the moment I'm just using them as a prompt to see if there is...
The alarms is like other indicator.. u should read them watching the others...
  • #2,237
  • Feb 15, 2016 6:26am Feb 15, 2016 6:26am
I'm going to wait for the next 2 hour candle before I do anything.
I'm wondering about the sync of my 2h. At the moment Im expecting the 2h candle in 1h34 mins. Does this agree with others?
  • #2,238
  • Feb 15, 2016 6:38am Feb 15, 2016 6:38am
Quoting nigpig
I'm going to wait for the next 2 hour candle before I do anything. I'm wondering about the sync of my 2h. At the moment Im expecting the 2h candle in 1h34 mins. Does this agree with others?
Yes
  • #2,239
  • Feb 15, 2016 6:39am Feb 15, 2016 6:39am
Quoting bigijs
I sold @ 127.55 with TP 40 and SL 40.
I bought at the same price as you sold,bigijis because price is sitting on the 2hr E.M.A. which i understand is strong support and despite the earlier 50 pip reversal from high price so far of the day the Parabolic is still under the market
  • #2,240
  • Feb 15, 2016 6:56am Feb 15, 2016 6:56am
Quoting watsone
{quote} I bought at the same price as you sold,bigijis because price is sitting on the 2hr E.M.A. which i understand is strong support and despite the earlier 50 pip reversal from high price so far of the day the Parabolic is still under the market
I sold as well. I made a plan beforehand and it happened exactly as planned so I entered at the start of the candle. H1 EMA/Purple cross and H2 Purple/White cross.
5 traders viewing now