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The Paradox System

  • #2,881
  • Feb 24, 2016 11:57pm Feb 24, 2016 11:57pm
Quoting tradertron
{quote} If the setup isn't there 5 minutes later when the new candle is opens... this is where you learn to look into the future.
Yes is the reason that i want to print a Dana comment, telling me if He place the Trade in the Open of H2 Candle... or he place the trade before the Candle Close.

Because for example, if the H2 candle left 3 minutes for close and is bullish... The indicators is going to move in someway that maybe can set ur Daily Plan... and if you enter... and 1 minute before that H2 candle close, the Bulish candle.. go back and make a Bearish Candle with huge movement.. The Indicators is going to move to other side that maybe cannot be match to ur Daily Plan but u already pllace ur order 5 minutes before. Is that my question, lol. I hope Our Master dont bother with me with this question.

But please, i want to print it and put it in front of my monitor.
  • #2,882
  • Edited 1:11am Feb 25, 2016 12:21am | Edited 1:11am
Quoting tradertron
{quote} If the setup isn't there 5 minutes later when the new candle is opens... this is where you learn to look into the future.
For instance... when the 19:00est h2 candle opened in the chart below... parabolic had flipped to support and on h1 purple had cross ema for support. On the h2 candle opening purple had not quite crossed ema but they were both pointing up and it was pretty obvious looking into the future that they were going to cross next candle which would have made ema support and h1 and h2 would be consistant with each other and would be the beginning of a short term upward trend in consolidation.

Don't know if Dove would have taken this trade but it worked out... it was in the plan. He says don't chase the market but make the market come to you... so not sure if this would count as the market coming to you as it did retrace some.

He also said that 90% of the time he makes his 40 pips on the first couple of h2 candles.

Attached Image (click to enlarge)
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  • #2,883
  • Feb 25, 2016 12:22am Feb 25, 2016 12:22am
Quoting tradertron
{quote} JeeJay or anyone else new to the thread, If you click on the little paper clip at the top right corner of the thread you will find 8 Parodox System summaries that were posted by TradeALot that cover first 2 weeks of the course. Everything is in them that Dove was teaching including pictures of charts, etc. {image}
Brother Tradertron, thanks a lot for the info, i never thought the clip has something useful, this can save our time a lot by not looking every pages in the thread.
  • #2,884
  • Feb 25, 2016 12:27am Feb 25, 2016 12:27am
Quoting Contrax
{quote} Yes is the reason that i want to print a Dana comment, telling me if He place the Trade in the Open of H2 Candle... or he place the trade before the Candle Close. Because for example, if the H2 candle left 3 minutes for close and is bullish... The indicators is going to move in someway that maybe can set ur Daily Plan... and if you enter... and 1 minute before that H2 candle close, the Bulish candle.. go back and make a Bearish Candle with huge movement.. The Indicators is going to move to other side that maybe cannot be match to ur Daily...
Correct me if I'm wrong... but I believe Dove mentioned a couple of times the he has in rare instances put a trade on up to 10 minutes before an h2 candle close. But I think he wants to help train ourselves to be patient and wait for a new candle to open before entering the market.
  • #2,885
  • Feb 25, 2016 12:28am Feb 25, 2016 12:28am
Quoting goldtime
{quote} Brother Tradertron, thanks a lot for the info, i never thought the clip has something useful, this can save our time a lot by not looking every pages in the thread.
  • #2,886
  • Feb 25, 2016 12:30am Feb 25, 2016 12:30am
Quoting tradertron
{quote} Correct me if I'm wrong... but I believe Dove mentioned a couple of times the he has in rare instances put a trade on up to 10 minutes before an h2 candle close. But I think he wants to help train ourselves to be patient and wait for a new candle to open before entering the market.
Yes. Today i was a very bad with my Patience.. i need to learn to control it. But like Bruce Buffer... IIIIIIITS TIME!!!
  • #2,887
  • Feb 25, 2016 12:43am Feb 25, 2016 12:43am
Quoting snfx
Dont know do You read what is written just few pages ago, yes all charts must be 40 bars. Fibo: it is obvious, fibo is automatically painted on visible highs and lows, if you zoom in/out you change visible highs and lows so fibo repaints/reattach, same go with time old highs or lows disappear and/or new are made...
Thanks for the explanation Snfx!
  • #2,888
  • Feb 25, 2016 12:45am Feb 25, 2016 12:45am
Quoting Contrax
{quote} Yes. Today i was a very bad with my Patience.. i need to learn to control it. But like Bruce Buffer... IIIIIIITS TIME!!!
Lol... had to google that... good one.
  • #2,889
  • Feb 25, 2016 2:19am Feb 25, 2016 2:19am

Daily plan 2016.02.25

(at London opening)

ROMAR on Daily down
ROMAR on 2H down
ROMAR on 1H down

EMA on Daily down
EMA on 2H up
EMA on 1H up

FIBO on Daily up
FIBO on 2H up
FiBO on 1H down
Market is in consolidation

2H chart
Candle opened at 123.64

ROMAR resistance (EMA is below ROMAR)
SMOOTH support (PURPLE is above SMOOTH)
EMA support (PURPLE is above EMA)
NOTES
All 4 horsemen are up. MACD is positive. That means market is in strong up swing.

1H chart
ROMAR resistance (EMA below ROMAR)
SMOOTH support (PURPLE above SMOOTH )
EMA support (PURPLE above EMA)
NOTES
EMA, SMOOTH, PSAR are up. MACD is positive. PURPLE crossed WHITE which means market starts turning down.

Daily chart
ROMAR resistance (EMA below ROMAR)
SMOOTH resistance (PURPLE below SMOOTH)
EMA resistance (PURPLE below EMA)
NOTES
All 4 horsemen (WHITE, SMOOTH, EMA, PSAR) are down. MACD down.

There is consolidation in the market. And last upswing has been quite strong. Now market has retraced back to H1 EMA support and stuck under H1 ROMAR. EMA is quite close to ROMAR and there will be battle between two of them.
On a Daily market has hit PURPLE and WHITE and droped down. So, on an upside there are a lot of resistance levels.
I'll open short when:
1) H2 PURPLE crosses WHITE and candle opens below EMA
  • #2,890
  • Feb 25, 2016 2:19am Feb 25, 2016 2:19am
Hi everybody. Unfortunately I do not trade during Sidney session because it's during the night for me, if not i would have enter long at Ema crossing purple on 2h like I wrote in my trading plan and I would have made my 40 pips! Congratulations to all of you that succeded for the 40 pips target!! Now I am looking for an opportunity during London...We'll see.
By the way: have you seen how market hit the white on Daily and then reverse? I guess that this is the big picture. Dove said that Daily is a reference for support and resistance and that's it!!!
Many pips to all of you!!!
  • #2,891
  • Feb 25, 2016 3:14am Feb 25, 2016 3:14am
more pips
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  • #2,892
  • Feb 25, 2016 4:04am Feb 25, 2016 4:04am
I sold @ 123.48 with SL 40 and TP 40.
  • #2,893
  • Feb 25, 2016 4:06am Feb 25, 2016 4:06am
Quoting bigijs
I sold @ 123.48 with SL 40 and TP 40.
I did exactly the same at 123.48. Hope we are both right.
  • #2,894
  • Feb 25, 2016 4:33am Feb 25, 2016 4:33am
bigijs
I sold @ 123.48 with SL 40 and TP 40.

I apologize to correct you. You had a good plan but you are not patient enough to follow through.
It is still an uptrend on the 2h timeframe. You will need to pray now whereas you should trade stress free according
to Dana.
To succeed in Forex, you need to work hard, persevere, and never give up.
  • #2,895
  • Feb 25, 2016 4:37am Feb 25, 2016 4:37am
Why short? I went long... There is no cross of white and purple on the 2h. And we have resistance of EMA on 2 Hour and resistance at parabolic on the 1h... So I went long at 123.44
  • #2,896
  • Feb 25, 2016 4:40am Feb 25, 2016 4:40am
My Friends Bigijs and Nigpig, what can you say about this rule given by our teacher/master Dana.???

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.

We are in consolidation now. And our Master saying that it is better to use 2hr chart for the short, and if we are looking on 2hr chart we have trend UP.
Attached Image
  • #2,897
  • Feb 25, 2016 4:48am Feb 25, 2016 4:48am
Thank you. I had realised I made a mistake and have finished trading for the day. I will re read the rules yet again and hope I keep to them.
  • #2,898
  • Feb 25, 2016 5:05am Feb 25, 2016 5:05am
The trend is still down with EMA below ROMAR on all three charts. However, the swing is up and I agree that a trade should not be taken per the rules until white and smooth cross purple.On H1, that's happened and just about to cross EMA, but the H2 has not yet. So my plan is to wait until that happens on H2 then sell off resistance.
Here's where I'm getting this....

from the 1 hour chart and lets says a reversal is in the makings and the Parabolic had flipped. This only means the 1 hour chart is set up for the reversal but does not mean the 2 hour is also set up for the same reversal. So you must check your 2 hour for the Parabolic flip. If it has not then you must wait on the 2 hour Parabolic. Otherwise you will have continuance retraces on the 1 hour until the Parabolic on the 2 hour had flipped. This is known as Confluence Factors.
~ Tim
  • #2,899
  • Edited 5:42am Feb 25, 2016 5:28am | Edited 5:42am
Repoman, When I saw that the EMA was below ROMAR on all three charts I thought the same thing. But then I read "When the 1 hour ROMAR is running through the center of the market your pretty much in consolidation with the 2 hour trend." So this means all 3 charts are not consistent, which means consolidation...?

As of now, on the 2h, the EMA is below purple, which means the trend is up in the swings. It will have to cross purple for a reversal. If it does not, it will continue the original trend.

I'm new to learning, please correct my if I am wrong. This is from 1 day of studying.
  • #2,900
  • Feb 25, 2016 5:33am Feb 25, 2016 5:33am
Ok, thanks for comments.
When I opened position H2 PURPLE had been crossed WHITE only one thing - candle opened at EMA and that was a questionable factor.
So this time I opened short exactly at the support and got SL -40 pips.
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