The Paradox System | Page 160 | 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

  • #3,181
  • Feb 28, 2016 12:40pm Feb 28, 2016 12:40pm
I dont know but i love this quote : "...40 pips were just waiting to be taken..."
  • #3,182
  • Feb 28, 2016 1:07pm Feb 28, 2016 1:07pm
Quote
Now – get your mind wrapped around this because you will run across this scenario many times on beginning of a new swing or trend.
I'm looking forward to this next week. Thank you Dana.
  • #3,183
  • Feb 28, 2016 1:18pm Feb 28, 2016 1:18pm
Quoting dove_alliance
Now get your mind wrapped around this because you will run across this scenario many times on beginning of a new swing or trend.
Seems SO very simple as you explain it there. Really starting to see it now. Thanks for explaining again. I'm bringing a lot of past training baggage into this relationship!
~ Tim
  • #3,184
  • Feb 28, 2016 1:43pm Feb 28, 2016 1:43pm
Quoting Contrax
{quote} Hey Maurice, do u understand this? "1 The White at Purple eliminating the Parabolic as resistance " That is when White is touching purple before the crossing?
Yes, once White crosses Purple the Parabolic is eliminated as Resistance.

In this instance, the White was at Purple and Dove felt comfortable with the previous 7 hour consolidation, the Green arrow indicating market got above EMA, and the MACD crossing that the Purple would cross White. I think Dove's experience allowed for a trade a little earlier than I/us could perhaps see at this point, but three bars later, White had crossed Smooth, the PSAR had flipped, the market opened above the EMA, and Purple was about to cross EMA. An entry there makes more sense to me right now and was a profitable entry as well.

If that entry three bars later was missed, there was an additional entry later in the day when the 2HR opened at the EMA.

That's my take on all this, for what its worth!
  • #3,185
  • Feb 28, 2016 1:47pm Feb 28, 2016 1:47pm
Quoting JMaurice
{quote} Yes, once White crosses Purple the Parabolic is eliminated as Resistance. In this instance, the White was at Purple and Dove felt comfortable with the previous 7 hour consolidation and the MACD crossing that the Purple would cross White. I think Dove's experience allowed for a trade a little earlier than I/us could perhaps see at this point, but three bars later, White had crossed Smooth, the PSAR had flipped, the market opened above the EMA, and Purple was about to cross EMA. An entry there makes more sense to me right now and was a profitable...
Yes, i know the meaning the White cross Purple and the other variables... all this weekend i was studyng and clarifyng things.

But that still in my head the "White at Purple" but i think i better going to wait for the cross and watching everything else from now. I want another week of forex every new day, is a new day of knowedlge.
  • #3,186
  • Feb 28, 2016 1:53pm Feb 28, 2016 1:53pm
Quoting JMaurice
{quote} Yes, once White crosses Purple the Parabolic is eliminated as Resistance. In this instance, the White was at Purple and Dove felt comfortable with the previous 7 hour consolidation, the Green arrow indicating market got above EMA, and the MACD crossing that the Purple would cross White. I think Dove's experience allowed for a trade a little earlier than I/us could perhaps see at this point, but three bars later, White had crossed Smooth, the PSAR had flipped, the market opened above the EMA, and Purple was about to cross EMA. An entry there...
You can do the same provided you trade in the moment:

Taking a look at this bar from top to bottom - you would see the entry with open above White AND; the clincher was with the White Arrow crossing the MACD. If not for the moment I would had not seen it.
Attached Image (click to enlarge)
Click to Enlarge Name: SN - H2 - 02_28-In the moment.JPG Size: 16 KB
The Dove - Forex Trainer
  • #3,187
  • Feb 28, 2016 1:55pm Feb 28, 2016 1:55pm
Quoting dove_alliance
{quote} You can do the same provided you trade in the moment: Taking a look at this bar from top to bottom - you would see the entry with open above White AND; the clincher was with the White Arrow crossing the MACD. If not for the moment I would had not seen it. {image}
Yes very good, now im understanding the importance of the alerts.
  • #3,188
  • Feb 28, 2016 1:56pm Feb 28, 2016 1:56pm
Quoting dove_alliance
{quote} You can do the same provided you trade in the moment: Taking a look at this bar from top to bottom - you would see the entry with open above White AND; the clincher was with the White Arrow crossing the MACD. If not for the moment I would had not seen it. {image}
Thank you. I have not been paying any attention to the MACD because I was not quite sure how to use it, but will try to add it to the list of things I am looking for. Sort of like an onion - trying to peel off one layer at a time till I have it all.

Edit: The open above White seems to be fairly inconsequential and the MACD to be of great consequence from my review. I have a number of images of locations where the open at/above White was a better entry for WITH trend as opposed to against, with the primary difference being the MACD was not crossing 0.
  • #3,189
  • Feb 28, 2016 2:06pm Feb 28, 2016 2:06pm
There are times the crossing of the MACD will retrace on the NEXT candle. So be sure your 40 is below the support and or resistance depending on trend. But again - using the 4 horsemen with openings above/below Purple is setting you up for pulling the trigger.
The Dove - Forex Trainer
  • #3,190
  • Feb 28, 2016 2:14pm Feb 28, 2016 2:14pm
Quoting dove_alliance
If you give yourself time with patience you can trade the Paradox with at least 80+% weekly profits. The Paradox is not a complicated system. In fact it is pretty simple provided you are patient and follow the rules. The problem with most traders is the garbage they had accumulated from other traders believing they have all the answers.
hey dove can you expand a lil bit on the "at least 80+% weekly profits" ? I mean, are you even able to sustain that ?some of your students told me it was a mistake/typo from your part so i just wanna make sure.
Also if i remember correctly 2 years ago you wrote to me
Quoting dove_alliance
{quote} Your english is fine so do not worry and yes - it is possible to make 100% every day as I do so myself. With every trader is the same chasing systems like chasing the market. Everyone is looking for the "Holy Grail" and systems are being created daily by traders who are always searching. But in reality - there are some good systems out there in the trading world and the problem is finding one that fits your demure of personality. And once you have found that system then the rules of trading begins. So I suggest do not even attempt to trade...
so from 100% profit on every trade, 2 years later how come you are at 80% a week now... is it because this is the mt4 version of your paradox system ?
thanks Dana.
  • #3,191
  • Feb 28, 2016 2:24pm Feb 28, 2016 2:24pm
Quoting metta87
{quote} hey dove can you expand a lil bit on the "at least 80+% weekly profits" ? I mean, are you even able to sustain that ?some of your students told me it was a mistake/typo from your part so i just wanna make sure. Also if i remember correctly 2 years ago you wrote to me {quote} so from 100% profit on every trade, 2 years later how come you are at 80% a week now... is it because this is the mt4 version of your paradox system ? thanks Dana.

Why dont u send him a Private Message? Better than trying to disturb the Thread...

P.D. If u always put a BE in ur trade, you have a 100% profitable trade....
  • #3,192
  • Feb 28, 2016 2:28pm Feb 28, 2016 2:28pm
Quoting metta87
{quote} hey dove can you expand a lil bit on the "at least 80+% weekly profits" ? I mean, are you even able to sustain that ?some of your students told me it was a mistake/typo from your part so i just wanna make sure. Also if i remember correctly 2 years ago you wrote to me {quote} so from 100% profit on every trade, 2 years later how come you are at 80% a week now... is it because this is the mt4 version of your paradox system ? thanks Dana.
I was not talking about myself -- I was taking to a potential trader; being one of the 5% take years of trading and learning the market. 80% is minimum for the great ones and if one has the heart in learning with the right attitude can very well be 100%. And the right attitudes is no greed with only 40 a day with the virtue of patience.
The Dove - Forex Trainer
  • #3,193
  • Feb 28, 2016 2:32pm Feb 28, 2016 2:32pm
The MT4 is very close to the NT7 without some variables that the MT4 cannot create. But - the MT4 still can be 80- 100% with rules not being broken.
The Dove - Forex Trainer
  • #3,194
  • Feb 28, 2016 2:44pm Feb 28, 2016 2:44pm
Quoting dove_alliance
{quote} I was not talking about myself -- I was taking to a potential trader; being one of the 5% take years of trading and learning the market. 80% is minimum for the great ones and if one has the heart in learning with the right attitude can very well be 100%. And the right attitudes is no greed with only 40 a day with the virtue of patience.
Oh thanks dove, that kinda clarifies it for me now.I hope to reach the 100% profitable trade club Soon too.

Good and safe trading y'all.
  • #3,195
  • Feb 28, 2016 2:48pm Feb 28, 2016 2:48pm
Quoting Contrax
{quote} Why dont u send him a Private Message? Better than trying to disturb the Thread... P.D. If u always put a BE in ur trade, you have a 100% profitable trade....
hey contrax, no need for a pm, dana just answered me.
Im not sure to understand your second sentence though, can you expand a lil bit more ?
Thanks.
  • #3,196
  • Feb 28, 2016 2:51pm Feb 28, 2016 2:51pm
Quoting metta87
{quote} hey contrax, no need for a pm, dana just answered me. Im not sure to understand your second sentence though, can you expand a lil bit more ? Thanks.
Ok Good. GoodLuck and thanks for the wishes of safe trading.
  • #3,197
  • Feb 28, 2016 2:53pm Feb 28, 2016 2:53pm
Quoting Contrax
{quote} Ok Good. GoodLuck and thanks for the wishes of safe trading.
  • #3,198
  • Feb 28, 2016 3:24pm Feb 28, 2016 3:24pm
Quoting dove_alliance
The DB/SAR is used on the 2 hour and Daily for long term trading and there are several ways in using these indicators. The Fibo is the basic in using DB/SAR for entries. The Fibo highs and lows (the0 point) is also your reference for the entries trading long term. In using these indicators for the 2 hour can run a trade for days into a week. Using the indicators on the Daily can run for weeks. In trading intraday you are looking at 200 pips a week with 40 a day. But using the DB on the 2 hour can accumulate those 200 pips weekly in one or two trades...

I think i had figured out that the Divergence comes with the MACD PARADOX. When the price is creating new Higher Highs but the MACD PARADOX is going down in the same time... it creates the divergence. But well im not going to talk more about it, better im going to wait for ur information.
  • #3,199
  • Feb 28, 2016 5:19pm Feb 28, 2016 5:19pm
Hi All,

I'm new here and just discovered this thread. Thank Dove for your system, knowledge and wisdom!

I have spent the last 3 days reviewing and learning. Although I'm sure i have much to learn on my 6 month journey, i ask all for your review of my first trade plan below.


EURJPY

2/28/16 17:20 EST


TREND
Daily H2 H1
ROMAR (Slope/v EMA) down/resistance down/resistance up/support
EMA (Slope/v Purple) down/resistance flat/touching up/support

Result: Consolidation
Note: Can trade up or down once H2 and H1 agree / EMA decides whats next

Real Estate
Parabolic resistance resistance support
Fib (Color/Closest) green/23.6 red/23.6 red/38.2
MACD down down down
Swing LT (DB) (dir/attached) down/3 (bars ago) down/this --
Swing ST SAR (Mag)(dir/attached) --
Purple v White dn - @White flat@White flat@4Hmen
4 Horsemen down flat flat
Price (between) Ema&4Hmen < all 4Hmen&ROMAR

** Purple Crossing White invalidates Parabolic

Daily Notes
In down trend. Retracing through 4 horsemen.

H2 Notes
In new downtrend. Below all lines but lower BB. Next fib down is 38.2 Support and 4 horsemen all at the 23.6 fib.

H1 Notes
Between 4 horsemen and ROMAR. ROMAR is at the 50 fib. Lower BB is at the 61.8 fib. Will wait for bar close to see if Purple crosses White to invalidate Parabolic.

Overall
It might be a while before H1 turns to a down trend to have any trade. Will check back at 20:00.

Entry
Long N/A H2 & H1 dont match
Short N/A H2 & H1 dont match

Personal Note: Need to learn if purple crossing below all 4 horsemen on H1 would signal a down trend then could take short entries of if I have to wait for ROMAR/EMA cross...
  • #3,200
  • Feb 28, 2016 5:35pm Feb 28, 2016 5:35pm
Hi,
maybe You should consider making trading plan in form that we all do (look back few pages) it would be easier for You to get on track with Thread and it will be more chance that somebody help You, this form is very confusing.

btw You do not look for slope of Romar or any indicator.... You look position of indicator vs position of other indicator so eg. You look for position of ROMAR vs EMA (above below or crossing... same goes for horseman's etc)
10 traders viewing now