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The Paradox System

  • #2,561
  • Feb 22, 2016 2:02pm Feb 22, 2016 2:02pm
Quoting Contrax
{quote} Yes.. thats the meaning that Dana told us.. 6 months of practice. Now imagine in 6 months we already going to know all the variables of Paradox.
Thank you Contrax that is very encouraging. My analytical brain wants to see patterns. Applying simple logic in the moment should be easier. Working on that.
  • #2,562
  • Feb 22, 2016 2:03pm Feb 22, 2016 2:03pm
I know that. But for Swing trading, I thought it might be something else, since Purple can cross EMA several times in shallow swings while Fibo is still the same color.
  • #2,563
  • Feb 22, 2016 2:07pm Feb 22, 2016 2:07pm
I have taken my 40 pips today and am really pleased!
  • #2,564
  • Feb 22, 2016 2:11pm Feb 22, 2016 2:11pm
Quoting nigpig
I have taken my 40 pips today and am really pleased!
Congrats! in 2 hours. New Day and Repeat .
  • #2,565
  • Feb 22, 2016 2:12pm Feb 22, 2016 2:12pm
Quoting rcbarlow
I know that. But for Swing trading, I thought it might be something else, since Purple can cross EMA several times in shallow swings while Fibo is still the same color.
RC - you have been looking for short cuts and they are not there. The only time EMA will cut in and out of the 2 hour Purple is in consolidation. And right now the 2 hour along with the Daily are in trend and not consolidation. The Fibo is at the "0" line in trend and will remain at "0" until the trend reverses into a swing with the 2 hour. Stay off that 1 hour and you may get somewhere.
The Dove - Forex Trainer
  • #2,566
  • Feb 22, 2016 2:18pm Feb 22, 2016 2:18pm
Thank you.
  • #2,567
  • Edited 5:28pm Feb 22, 2016 4:02pm | Edited 5:28pm
Hello Everyone, and very nice to see you again Dana!
My trading plan for Feb 22nd 5pm EST Eur/Jpy

Daily at lower low than yesterday.
Romar is resistance
Parabolic resistance
EMA is resistance
Close of daily bar near session low, and entire bar is below purple. 4 horseman running downhill.

2 Hour
Romar is resistance
Parabolic is resistance
EMA is resistance
Low of last bar was session low, but the bar closed as an up bar, just touching purple.
4 horseman in line running downhill.

1 Hour
Romar is resistance
Parabolic is resistance
EMA is resistance.
We are in downtrend. 23rd bar was pinbar, closing bar is up. closing bar thru purple, white, & smooth.
Purple and white running parallel and white is trying to cross purple.
I plan to trade in the moment and watch to see if the 2 hr white and smooth will cross purple up & jump in with short if market bounces off EMA and turns down again, or watch to see if market goes thru the ema with possible long entry if it hits parabolic on other side & parabolics flip. I plan to take my time with an ideal entry, and not rush in just to be in a trade.
“The waiting is the hardest part” Tom Petty
  • #2,568
  • Feb 22, 2016 4:32pm Feb 22, 2016 4:32pm
OK...here's my plan. Please critique as I'm still working on this!!

DAILY CHART - DATE: 2/21/16
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance

NOTES: downtrend, Fibo is UP

2 HOUR CHART:

Opening: 125.278
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance

NOTES: Fibo UP but still in downtrend

1 HOUR CHART:

ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance

Notes: White crossing purple in retrace. Fibo UP and candle passed beyond Smooth towards EMA

Entry: H1 is showing sign of reversal but not H2. For a (SHORT) take bounce of H1 EMA / H2 Smooth. For a (LONG) If H1 Psar flips, wait on H2 to flip as well or there will be continual retraces on H1 until H2 Psar flips. If it does, find a good long entry on H1 at 4 Horsemen.
~ Tim
  • #2,569
  • Feb 22, 2016 4:52pm Feb 22, 2016 4:52pm
Hello everyone. Here is my trading plan:

Daily:
ROMAR: resistance
EMA: resistance
Parabolic: resistance
Note: Strong trend down, Fibo up

2H:
ROMAR: resistance
EMA: resistance
Parabolic: resistance
Note: strong trend down, open above Purple, Fibo up

1H:
ROMAR: resistance
EMA: resistance
Parabolic: resistance
Note: due to the white/purple crossing we are in consolidation so it's possible trading both ways, open above smooth, fibo up

Entry: if white will stay above purple confirming the trend down entry sell off resistance on 2h, if both white and smooth will cross purple for the up entry long at open candle above ema. I think that going long is more risky as we go against the 2h Romar trend.

Any comment is welcome. It's my first trading plan...
  • #2,570
  • Feb 22, 2016 5:26pm Feb 22, 2016 5:26pm
Quoting dove_alliance
{quote} However is key word: What I do not understand is why would a trader open their charts and see a potential entry and then pulls the trigger? My entry short was totally based on a trading plan and not on whim. I repeat it over and over: You cannot trade without a trading plan. If you do then danger is in the horizon.


Thank you again for the response; I guess I need more time trying to understand this and appreciate your patience.

In that moment, the market had fulfilled conditions for the short entry ('off the 2 hour EMA for the short without the 2 hour Smooth crossing [of White and Purple]') as detailed in your trading plan. Hypothetically, for the sake of understanding, if the market had taken longer to reach the EMA, White may have crossed Smooth by the time the market reached the EMA, and then the close above the EMA would have satisfied the trading plan long entry ('open above the 2 hour EMA for the long with both White/Smooth crossing of Purple') without having already satisfied the conditions for a short entry.
  • #2,571
  • Feb 22, 2016 5:57pm Feb 22, 2016 5:57pm
Quoting JMaurice
{quote} Thank you again for the response; I guess I need more time trying to understand this and appreciate your patience. In that moment, the market had fulfilled conditions for the short entry ('off the 2 hour EMA for the short without the 2 hour Smooth crossing [of White and Purple]') as detailed in your trading plan. Hypothetically, for the sake of understanding, if the market had taken longer to reach the EMA, White may have crossed Smooth by the time the market reached the EMA, and then the close above the EMA would have satisfied the trading...
Hypothetically - that is true. That is why my trading plans always have an entry for the short and an entry for the long. I am never bias. But the plan has to be constructed in such away that hypothetically both short and long are configured on the same 2 hour bar.

Just as yesterdays plan the 2 hour EMA was the root of the plan in being the only resistance from stopping the reversal. And being both ROMAR and EMA having the power as stoppers in the market; you have to visually see this as you are creating the trading plan. And by seeing the 2 hour Purple sliding with Smooth not crossing White; but to hold EMA in power, I was able to take the trade short. If Smooth had crossed White then Purple would had allowed the crossing for the EMA crossing going long. And all this was happening on the same 2 hour bar. And that my friend is trading in the moment with just one 2 hour bar. In other words - you have 2 hours to make a decision.
The Dove - Forex Trainer
  • #2,572
  • Feb 22, 2016 6:06pm Feb 22, 2016 6:06pm
I jump the gun a bit. the ema havnt cross purple for H2 of UJ and sold t 112.96. But all the signals are saying it is down trend.
When H1 was at 113.++ beyond my price at 112.96, i held on to the belief of this system and hold on to the short.

Attached Image (click to enlarge)
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  • #2,573
  • Feb 22, 2016 6:12pm Feb 22, 2016 6:12pm
Quoting lkh81
I jump the gun a bit. the ema havnt cross purple for H2 of UJ and sold t 112.96. But all the signals are saying it is down trend. When H1 was at 113.++ beyond my price at 112.96, i held on to the belief of this system and hold on to the short. {image} {image}
Where is your trading plan????????????????????????????

And we are training with the E/J and not the U/J. If you do not want to participate with the group then go somewhere else.
The Dove - Forex Trainer
  • #2,574
  • Feb 22, 2016 6:22pm Feb 22, 2016 6:22pm
Quoting dove_alliance
{quote} Hypothetically - that is true. That is why my trading plans always have an entry for the short and an entry for the long. I am never bias. But the plan has to be constructed in such away that hypothetically both short and long are configured on the same 2 hour bar. Just as yesterdays plan the 2 hour EMA was the root of the plan in being the only resistance from stopping the reversal. And being both ROMAR and EMA having the power as stoppers in the market; you have to visually see this as you are creating the trading plan. And by seeing the...
Thank you so much Dana for continuing to help us here. I am also a culprit of sending you PMs about one on one training but totally understand your decision.

When you say you have 2 hours to make a decision, does that mean we will be taking the trade during the 2 hour window (i.e when the 2 hour bar is being formed) and not just at the completion of 2 hour bar.

TIA
  • #2,575
  • Feb 22, 2016 6:30pm Feb 22, 2016 6:30pm
Quoting dove_alliance
{quote} Hypothetically - that is true. That is why my trading plans always have an entry for the short and an entry for the long. I am never bias. But the plan has to be constructed in such away that hypothetically both short and long are configured on the same 2 hour bar. Just as yesterdays plan the 2 hour EMA was the root of the plan in being the only resistance from stopping the reversal. And being both ROMAR and EMA having the power as stoppers in the market; you have to visually see this as you are creating the trading plan. And by seeing the...
Just to make this clear as I think it is important: with the moment you mean the 2 hour candle that touches the ema first. When the price stays there for several bars the following crosses of smooth white etc dont matter anymore. Do I get that right ?
  • #2,576
  • Feb 22, 2016 6:33pm Feb 22, 2016 6:33pm
Quoting velox
{quote} Thank you so much Dana for continuing to help us here. I am also a culprit of sending you PMs about one on one training but totally understand your decision. When you say you have 2 hours to make a decision, does that mean we will be taking the trade during the 2 hour window (i.e when the 2 hour bar is being formed) and not just at the completion of 2 hour bar. TIA
The 2 hour bar is your "in the moment" bar. You create your plan and you pretty much going to know your entry - OFF THE 2 HOUR BAR - using the 1 hour as reference. From the creation of your plan you check the 2 hour bar every two hours about 5 minutes before the next bar. At that point you will see what is happening towards the ending of that bar. If you do not see anything indicating your entry - then you check the ending of your next 2 hour bar. And you continue to check until you see your entry being created in pulling the trigger at the right moment.
The Dove - Forex Trainer
  • #2,577
  • Feb 22, 2016 6:42pm Feb 22, 2016 6:42pm
Quoting dove_alliance
{quote} The 2 hour bar is your "in the moment" bar. You create your plan and you pretty much going to know your entry - OFF THE 2 HOUR BAR - using the 1 hour as reference. From the creation of your plan you check the 2 hour bar every two hours about 5 minutes before the next bar. At that point you will see what is happening towards the ending of that bar. If you do not see anything indicating your entry - then you check the ending of your next 2 hour bar. And you continue to check until you see your entry being created in pulling the trigger at...
Thank you. I think this clarifies it for me. To paraphrase, just so you can correct me if my understanding is wrong. You make your plan at the beginning of the day (5pm NY time) and then you check for an entry at close to the end of 2 hour bar. If conditions are met, you take your trade. So most of your trades will be initiated at the end of 2 hour bar (i.e. 7pm nyc, 9pm etc).
  • #2,578
  • Feb 22, 2016 6:46pm Feb 22, 2016 6:46pm
Quoting xpie
{quote} Just to make this clear as I think it is important: with the moment you mean the 2 hour candle that touches the ema first. When the price stays there for several bars the following crosses of smooth white etc dont matter anymore. Do I get that right ?
No - that is not what I mean because every trading plan is different from day to day. And you will not understand until you start learning in how to create a trading plan and able to see what is happening in creating the plan from chart to chart. When your entry comes up you pull the trigger and matters not what had happened or is going to happen and the reason is because the Paradox had already set up the entry.

Price has nothing to do with it. The set up has everything to do with it.
The Dove - Forex Trainer
  • #2,579
  • Feb 22, 2016 6:48pm Feb 22, 2016 6:48pm
Quoting velox
{quote} Thank you. I think this clarifies it for me. To paraphrase, just so you can correct me if my understanding is wrong. You make your plan at the beginning of the day (5pm NY time) and then you check for an entry at close to the end of 2 hour bar. If conditions are met, you take your trade. So most of your trades will be initiated at the end of 2 hour bar (i.e. 7pm nyc, 9pm etc).
That is correct -
The Dove - Forex Trainer
  • #2,580
  • Feb 22, 2016 6:57pm Feb 22, 2016 6:57pm
Quoting dove_alliance
{quote} No - that is not what I mean because every trading plan is different from day to day. And you will not understand until you start learning in how to create a trading plan and able to see what is happening in creating the plan from chart to chart. When your entry comes up you pull the trigger and matters not what had happened or is going to happen and the reason is because the Paradox had already set up the entry. Price has nothing to do with it. The set up has everything to do with it.
Thanks I will try get a better understanding of the trading plan.
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