The Paradox System | Page 161 | 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

  • #3,201
  • Feb 28, 2016 5:38pm Feb 28, 2016 5:38pm
Open with a gap down and the Red Arrow had popped in; waiting on retrace in the gap to Smooth with ROMAR/Red Arrow down; and entry for the short at Smooth.
Attached Image (click to enlarge)
Click to Enlarge Name: SN - H2 - 02_28-Red Arrow.JPG Size: 56 KB


DB/SAR attached for the down with the 1 hour at ROMAR; the lower BB turning for the down. The 2 hour has the power with ROMAR down and the DB/SAR in the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: SN - H2 - 02_28-Red Arrow-a.JPG Size: 58 KB


Attached Image (click to enlarge)
Click to Enlarge Name: SN - H2 - 02_28-Red Arrow-b-1 hour.JPG Size: 60 KB


40 taken and my day is over with unto tomorrow AFTER 17:00 EST.
Attached Image (click to enlarge)
Click to Enlarge Name: SN - H2 - 02_28-Red Arrow-c-40 taken.JPG Size: 69 KB


Same scenario as for the previous uptrend except for ROMAR was in the downtrend also and over 100 pips away for any hit on ROMAR. This is just one scenario in using the DB/SAR for both up and downtrends. In this scenario the Parabolic was already in trend.

One trade in just over 1 hour being focus in the moment: This is how you learn to trade Traders – in the moment. In this scenario RESISTANCE was the objective for the entry. It had nothing to do with the SAR as the DB needed connection with the SAR for the trend. Just like it was on the uptrend.

So begin again with the basics and pay attention with the 2 hour support and resistance. Support and Resistance is the objective. Not DB or SAR; as they are for long term trend; and the long term trend came in with the top at 124.997 and the target is the 122.443 for long term.

If you do not recognize support and resistance you will keep struggling until you do.

Friday at closing I already had my trading plan prepared depending on the Gap with the G20 opening today. I expected the Gap to be more but that was alright with me. I didn't have to wait on the Smooth hit before entry.

If the Gap was on the upside then the entry for the short was with the Parabolic hit. And the reason is because of the 2 hour ROMAR being RESISTANCE. Believe and have faith in the Paradox; it will not let you down.
The Dove - Forex Trainer
  • #3,202
  • Feb 28, 2016 5:41pm Feb 28, 2016 5:41pm
If my understanding is correct in light of the teaching of DB/SAR over the week end, then I think we have a long term short entry for approx 150 to 160 pips depending on the open of the next 2H candle:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB


What do you think Dove?
  • #3,203
  • Feb 28, 2016 5:43pm Feb 28, 2016 5:43pm
Quoting snfx
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)
Thanks snfx! I will do that - the way it posted was nothing like what I had typed in... I had seen some trade plans that showed ROMAR twice so I did both but thought it was just the comparison of the indicators that was most important - Thanks for clarifying.
  • #3,204
  • Feb 28, 2016 5:43pm Feb 28, 2016 5:43pm
Quoting nonibadsha
If my understanding is correct in light of the teaching of DB/SAR over the week end, then I think we have a long term short entry for approx 150 to 160 pips depending on the open of the next 2H candle: {image} What do you think Dove?
You will have swings before the lower hit and you have to keep that in mind.
The Dove - Forex Trainer
  • #3,205
  • Feb 28, 2016 5:45pm Feb 28, 2016 5:45pm
Quoting richt3
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...
Use the Template for your plans and there is no "slope".
The Dove - Forex Trainer
  • #3,206
  • Feb 28, 2016 5:47pm Feb 28, 2016 5:47pm
And as you notice traders it gave up my 40 before the retrace because I got in exactly at resistance.
The Dove - Forex Trainer
  • #3,207
  • Feb 28, 2016 5:49pm Feb 28, 2016 5:49pm
Quoting dove_alliance
Open with a gap down and the Red Arrow had popped in; waiting on retrace in the gap to Smooth with ROMAR/Red Arrow down; and entry for the short at Smooth. {image} DB/SAR attached for the down with the 1 hour at ROMAR; the lower BB turning for the down. The 2 hour has the power with ROMAR down and the DB/SAR in the trend. {image} {image} 40 taken and my day is over with unto tomorrow AFTER 17:00 EST. {image} Same scenario as for the previous uptrend except for ROMAR was in the downtrend also and over 100 pips away for any hit on ROMAR. This is just...
So the only reason I didn't take this is because the 1HR is not consistent with the 2HR. Or am I understanding that incorrectly?

Do I need to use the 1HR? It seems that any potential trade on the 1HR needs to be validated by the 2HR anyway, so any 1HR setup would require the 2HR to be in a position to support the 1HR entry. Thus, the 2HR on its own would have an entry.
  • #3,208
  • Feb 28, 2016 5:54pm Feb 28, 2016 5:54pm
Quoting JMaurice
{quote} So the only reason I didn't take this is because the 1HR is not consistent with the 2HR. Or am I understanding that incorrectly?
That is true - BUT - where is the power as being the objective? The 2 hour always over-rides the 1 hour. When you are in a constricted consolidation you always look for the 2 hour going into the entry. And my friend --- the 2 hour had the power With ROMAR and the Red Arrow showing the entry.
The Dove - Forex Trainer
  • #3,209
  • Feb 28, 2016 5:55pm Feb 28, 2016 5:55pm
I keep saying it over and over - the 1 hour is reference and the 2 hour is the trend.
The Dove - Forex Trainer
  • #3,210
  • Feb 28, 2016 5:57pm Feb 28, 2016 5:57pm
Quoting dove_alliance
{quote} That is true - BUT - where is the power as being the objective? The 2 hour always over-rides the 1 hour. When you are in a constricted consolidation you always look for the 2 hour going into the entry. And my friend --- the 2 hour had the power With ROMAR and the Red Arrow showing the entry.

Thank you for the response. So if the 2HR always overrides the 1HR, can I use the 2HR only?
  • #3,211
  • Feb 28, 2016 5:59pm Feb 28, 2016 5:59pm
Quoting dove_alliance
I keep saying it over and over - the 1 hour is reference and the 2 hour is the trend.

Yes, but you also said, "Then you wait until the 1 hour is consistent with the 2 hour before you get into a trade." I'm not trying to be difficult; a majority of my walk-forward back testing has been on the 2HR chart with no regard for the 1HR and can achieve an excellent win rate. I keep trying to tie in the 1HR in live go-forward testing because of this quote.
  • #3,212
  • Feb 28, 2016 6:02pm Feb 28, 2016 6:02pm
Unfortunately, I was walking the dog when the market opened, so I got in late but fully expect to hit my 40 pips.

Dove, would you please expand more on this comment as far as channels and being on one side or the other?

When the SAR is on the same channel as the PSAR you have a reverse. If the SAR is opposite of the PSAR you are then in trend.
  • #3,213
  • Feb 28, 2016 6:04pm Feb 28, 2016 6:04pm
Quoting JMaurice
{quote} Thank you for the response. So if the 2HR always overrides the 1HR, can I use the 2HR only?
To be honest - yes you can because that is all I use is the 2 hour referencing the 1 hour just I like I did with the 1 hour ROMAR and the BB pointing down. And because the 1 hour ROMAR is resistance does not mean I will not disrespect the 1 hour ROMAR. So, I reference the 1 hour to take profit and might have if the BB was flat. Which it was not and the trade went exactly 40 pips.
The Dove - Forex Trainer
  • #3,214
  • Feb 28, 2016 6:07pm Feb 28, 2016 6:07pm
Quoting JMaurice
{quote} Yes, but you also said, "Then you wait until the 1 hour is consistent with the 2 hour before you get into a trade." I'm not trying to be difficult; a majority of my walk-forward back testing has been on the 2HR chart with no regard for the 1HR and can achieve an excellent win rate. I keep trying to tie in the 1HR in live go-forward testing because of this quote.
You are not the only one and with the 1 and 2 hour consistent is with the trend - in consolidation you trade both ways. And I believe that is what you are missing.
The Dove - Forex Trainer
  • #3,215
  • Feb 28, 2016 6:08pm Feb 28, 2016 6:08pm
Quoting dove_alliance
{quote} To be honest - yes you can because that is all I use is the 2 hour referencing the 1 hour just I like I did with the 1 hour ROMAR and the BB pointing down. And because the 1 hour ROMAR is resistance does not mean I will not disrespect the 1 hour ROMAR. So, I reference the 1 hour to take profit and might have if the BB was flat. Which it was not and the trade went exactly 40 pips.
Okay thank you.
  • #3,216
  • Feb 28, 2016 6:10pm Feb 28, 2016 6:10pm
Quoting rcbarlow
Unfortunately, I was walking the dog when the market opened, so I got in late but fully expect to hit my 40 pips. Dove, would you please expand more on this comment as far as channels and being on one side or the other? When the SAR is on the same channel as the PSAR you have a reverse. If the SAR is opposite of the PSAR you are then in trend.
Instead of spending hours with screen shots and posting I will wait for it to show up so you can see it. After the fact with it showing you will able to see a lot clearer.
The Dove - Forex Trainer
  • #3,217
  • Feb 28, 2016 6:12pm Feb 28, 2016 6:12pm
Quoting dove_alliance
{quote} You are not the only one and with the 1 and 2 hour consistent is with the trend - in consolidation you trade both ways. And I believe that is what you are missing.
Thank you. Understood.
  • #3,218
  • Feb 28, 2016 6:13pm Feb 28, 2016 6:13pm
Quoting dove_alliance
{quote} To be honest - yes you can because that is all I use is the 2 hour referencing the 1 hour just I like I did with the 1 hour ROMAR and the BB pointing down. And because the 1 hour ROMAR is resistance does not mean I will not disrespect the 1 hour ROMAR. So, I reference the 1 hour to take profit and might have if the BB was flat. Which it was not and the trade went exactly 40 pips.
Dove did You meant support or I don't understand
  • #3,219
  • Feb 28, 2016 6:15pm Feb 28, 2016 6:15pm
Quoting snfx
{quote} Dove did You meant support or I don't understand
Yes - I meant support - I do that every once in awhile.
The Dove - Forex Trainer
  • #3,220
  • Feb 28, 2016 6:18pm Feb 28, 2016 6:18pm
No problem I just thought that I am missing something again, so went to post question.
19 traders viewing now