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Attachments: The Paradox System
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The Paradox System

  • #5,821
  • Edited 3:50am Mar 21, 2016 3:32am | Edited 3:50am

Daily plan(my first trading plan, comments critics are welcome)

Date: 2016.03.21

at 10.00 (GMT+2)-London opening

Daily:
ROMAR - Resistance
EMA - Support
PSAR Support (eliminated as white crossed purpl)

Check List:
Last MACD 0 crossing - The crossing is up.
Last EMA Alert Arrow Red Arrow down.
Last DB Attachment - Both DB/SAR attached on top at 127.277 for continuance of the uptrend.
Fibo up or down - Fibo is up from the bottom.

Notes: The 4 horsemen are neutral with white crossing Purple and ROMAR as resistance with a spread of 196 pip and with EMA still support.
2 HR:
OPEN PRICE - 125.67
ROMAR Resistance, EMA crossed Romar
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - The crossing is down.
Last EMA Alert Arrow - Red Arrow down after MACD crossing down.
Last DB Attachment - Both DB/SAR attached at bottom at 125.256 for continuance of the downtrend.
Fibo up or down - Fibo is up from the bottom.

Notes: The 4 horsemen are downtrend with EMA , ROMAR and Parabolic holding as Resistance. The market is oversold at the 0% Fibo indicating a possible retrace.
1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - The crossing is down.
Last EMA Alert Arrow - Red Arrow down before the MACD crossing.
Last DB Attachment -
Fibo up or down - Fibo is up from the bottom 125.256.

Notes: The 4 horsemen are downtrend with EMA , ROMAR and Parabolic holding as Resistance.
Final Notes for all three charts: 2hr and 1hr charts 4 horsemen are downtrend.
The Daily ROMAR - Resistance and parabolic as a support is eliminated by White crossing Purpl. The Fibo is in an uptrend from the bottom.


Entry:
Consolidation:
Long:
Short: I will enter short on 2hr open after candel will retrace and will hit smooth or white.

Notes for readjustments:
  • #5,822
  • Mar 21, 2016 3:38am Mar 21, 2016 3:38am
Quoting cfudge
Exactly right Shaun We need to keep this going and learn from each other and maybe we can become adept at this Paradox. I agree that everything may be here on the thread...but I do get a sense that, from some of the things Dove said, that there are still some crucial nuances to the Paradox indicators that he left out. Early on he said everything was already on the thread and then started detailing things in greater detail that wasn't self evident without the additional information. Anyway lets see if we can get a firm handle on this in the coming...
Dear Me...................................................................................
  • #5,823
  • Mar 21, 2016 5:23am Mar 21, 2016 5:23am
I think I am out of wack,

I am going back into hiding for 6 months until i know what i am talking about.
  • #5,824
  • Mar 21, 2016 5:25am Mar 21, 2016 5:25am
Quoting NeilC73
Hello everyone As you can tell I'm new here but have been studying this system for the last few weeks (yes my curve has just begun!!) I read that some traders have found that their charts are slightly different to the norm due to broker 'set up'. Before I start a fresh which broker would you recommend please? Thank you kindly Neil
​

Dana recommends forexdotcom
  • #5,825
  • Edited 6:25am Mar 21, 2016 6:09am | Edited 6:25am

10am plan 20-03-16



Daily
ROMAR Resistance
EMA Support
PSAR Support
Check list
Last MACD 0 crossing The crossing is up
Last EMA Alert Arrow Lime green up after the MACD crossing up
Last DB Attachment - Both DB/SAR attached on top at 127.274 indicating a continuance of the uptrend
Fibo up or down - Fibo is up from the bottom Green
NOTES
SMOOTH, EMA, PSAR are in an uptrend. PURPLE under WHITE,
Market is at EMA AND below 38.2 Fibo.
2H chart
OPEN PRICE
ROMAR Resistance
EMA resistance
PSAR resistance
Check list
Last MACD 0 crossing - The crossing is down
Last EMA Alert Arrow Red arrow down came after the MACD arrow down
Last DB Attachment - DB attached at the bottom also SAR attached at the bottom and Gold Divergence attached same candle.
Fibo up or down Fibo is up from the bottom Green
NOTES

1H chart
ROMAR resistance
EMA resistance
PSAR resistance
Check List

Last MACD 0 crossing - The crossing is up
Last EMA Alert Arrow - Green arrow up after the MACD Green arrow up.
Fibo up or down Fibo is up from the bottom Green
Notes

Purple has crossed White eliminating PSAR Resistance.

Final Notes
1 Hour
Market is consolidation and has closed below EMA and below 38.2 Fibo, with 4 horsemen heading south. Romar is resistance
Thinking the conflict with the 2Hour is a retrace to EMA ON 2hOUR FOR SHORT.
H2. Market H2 EMA IS below Romar at this time, just below 38.2 Fibo.
Market is in consolidation
News : GMT
JPY Bank Holiday
09.00 Low Impact News - EUR
11.00 Low Impact News - EUR
14.00 MEDIUM Impact News - USD
Entry:
Consolidation:Yes.
Indications on 2Hour and 1 Hour.
Notes for readjustments: To follow.
2 Hour. 10 am, we have gold divergence on 2hour, in conflict with EMA and 4 horsemen all set for south, Last EMA cross Red and MACD Cross Down, thinking poss retrace to EMA, then take a short there on the hit of EMA which will be close to 38 fib and Romar Resistance.
1 Hour concurs with 2 hour.
Entry short at 125:69 , 40 stop, 40 profit.
  • #5,826
  • Mar 21, 2016 6:30am Mar 21, 2016 6:30am
Quoting Shaun24
This is what happens when a handful of people do not agree with the way things should be. They wreck it for everyone else. I have a long way to go before I am ready to trade this system so at this stage I am not going to let things bother me and i am just going to keep learning the way I was. Just on a quick back track. The people I believe he has picked up are: Numero Bigijs AuMan Hoss TroyDiane SirViver Paradox7 Repoman these guys have a solid understanding of the system and I believe reading their post as well as Dana's would be an asset, not...
Maybe Dove decided to teach them private, so they can help us later.
Hopefully
  • #5,827
  • Mar 21, 2016 6:37am Mar 21, 2016 6:37am
Quoting gandhi0815
{quote} Maybe Dove decided to teach them private, so they can help us later. Hopefully
oeh.. why they have to? i think they have gone.. Unfortunately. Because it can't be that all by sudden EVERYBODY who posted before disappeared.
  • #5,828
  • Mar 21, 2016 6:48am Mar 21, 2016 6:48am
Quoting NeilC73
Hello everyone As you can tell I'm new here but have been studying this system for the last few weeks (yes my curve has just begun!!) I read that some traders have found that their charts are slightly different to the norm due to broker 'set up'. Before I start a fresh which broker would you recommend please? Thank you kindly Neil

Guys

That question have been answered at least 25 times...if you dont read read and re-read you will fail...l am there since the begining l am better now but still unable to reach 80% succes but l am close and the only way to do this is following the rules...l can do it you can do it too but read...Hope it is clear

For the 26th use forex.com

By the way woke up this morning with my 40TP from my yesterday's plan and it is what Dove means by trade the moment because 10P after my TP hit, the wind change...If you think you see something clear, act right now do not wait

Have a nice trading
  • #5,829
  • Mar 21, 2016 7:03am Mar 21, 2016 7:03am
OK guys now we have to stop crying. If our master has gone so it is as it is. We have to help each other and keep moving forward.
  • #5,830
  • Mar 21, 2016 7:08am Mar 21, 2016 7:08am
08:03 EST

Daily
ROMAR is resistance
EMA is resistance
PSAR is support


Check List
MACD > 0

Notes
White is under purple. PSAR was taken out since Friday.
Despite Price returning to EMA, I am Short biased


2Hour Chart
ROMAR is resistance
EMA is support
PSAR is support
4 Horseman - White has slid under Purple, Purple trending up.
Check List
MACD > 0

1 HR
Open below ROMAR
Short positioned taken at 125.751 (40 Profit/20 SL)
  • #5,831
  • Mar 21, 2016 7:44am Mar 21, 2016 7:44am
As it was in my daily plan,

Entered short at London open candel 125.614
Stop loss 126.014, TP 125.214

Out with +20 pip
  • #5,832
  • Mar 21, 2016 8:08am Mar 21, 2016 8:08am
Notes for readjustments: To follow. 2 Hour. 10 am, we have gold divergence on 2hour, in conflict with EMA and 4 horsemen all set for south, Last EMA cross Red and MACD Cross Down, thinking poss retrace to EMA, then take a short there on the hit of EMA which will be close to 38 fib and Romar Resistance. 1 Hour concurs with 2 hour. Entry short at 125:69 , 40 stop, 40 profit.[/quote]
Closed at break even , MARKET CLOSED AND TRADING ABOVE 50% fibo on 1 Hour, EMA crossed up followed by MACD.Closed trade on retracement to EMA.
  • #5,833
  • Mar 21, 2016 8:16am Mar 21, 2016 8:16am
Decided to share my thoughts.
I didn't go short from resistance (ROMAR) because I noticed that if divergence has taken place it takes at least several bars.
So I decided to wait and observe.
  • #5,834
  • Mar 21, 2016 8:18am Mar 21, 2016 8:18am
Quoting almo
08:03 EST Daily ROMAR is resistance EMA is resistance PSAR is support Check List MACD > 0 Notes White is under purple. PSAR was taken out since Friday. Despite Price returning to EMA, I am Short biased 2Hour Chart ROMAR is resistance EMA is support PSAR is support 4 Horseman - White has slid under Purple, Purple trending up. Check List MACD > 0 1 HR Open below ROMAR Short positioned taken at 125.751 (40 Profit/20 SL)

Stopped out at - 20 pips
  • #5,835
  • Mar 21, 2016 8:24am Mar 21, 2016 8:24am
Hi guys

Hope some of you guys have used the yellow divergence line to profit...As l was sleeping didn't took it...was good for 40P before hitting romar

Dove probably took this one
  • #5,836
  • Mar 21, 2016 8:56am Mar 21, 2016 8:56am
Quoting ben.deschain
Hi guys Hope some of you guys have used the yellow divergence line to profit...As l was sleeping didn't took it...was good for 40P before hitting romar Dove probably took this one
Yep, lots of confluence down there. Both DB and SAR attached and the BB was about 6 pips away. We also had a 2H EMA alert with the next candle opening above smooth. Romar (about 15 pips away) and EMA were resistance at that point. I don't think that would have been a correct trade since ROMAR was less than 20 pips away. Looking back, that would have been a 40pip profit, but again, rules...
  • #5,837
  • Mar 21, 2016 9:02am Mar 21, 2016 9:02am
10:00 EST

Daily
ROMAR is resistance
EMA is support
PSAR is support
4 Horseman trending down , but inbetween ROMAR and PSAR

Check List
MACD > 0

Notes
Open above EMA


2Hour Chart
ROMAR is support
EMA is support
PSAR is support
4 Horseman - White has slid under Purple, Purple trending up.
Check List
MACD > 0
Notes
2HR chart is trending higher

1 HR
Open above ROMAR
Long positioned taken at 125.895 (40 Profit/20 SL)
  • #5,838
  • Mar 21, 2016 9:25am Mar 21, 2016 9:25am
Quoting almo
10:00 EST Daily ROMAR is resistance EMA is support PSAR is support 4 Horseman trending down , but inbetween ROMAR and PSAR Check List MACD > 0 Notes Open above EMA 2Hour Chart ROMAR is support EMA is support PSAR is support 4 Horseman - White has slid under Purple, Purple trending up. Check List MACD > 0 Notes 2HR chart is trending higher 1 HR Open above ROMAR Long positioned taken at 125.895 (40 Profit/20 SL)
Just wondering if this is right? As my understanding goes, the last crossing of the H2 EMA/Purple put EMA into a position of resistance which wont change until they cross again (looks like they might soon). I was just wondering, on my plan I have a ? next to it as I was unsure...
  • #5,839
  • Mar 21, 2016 9:27am Mar 21, 2016 9:27am
I am one of the people who just started reading about this system (around 1 week ago?), downloaded the stuff and did as instructed. I can safely say this system actually works... I am actually using it now on live account but different jpy pair (not a big fan of EJ tho I still do demo trade EJ on forex.com broker to see results and so far they been consistent). I think the most important thing Dove was trying to teach us, is trade with confluence (that was a major weakness I had in trading), with calculated risks. And never to assume/predict you know whats going to happen in future like a guru ;o

For that, I gotta say thank you to Dove, and may God bless him for sharing this excellent system. I am still experimenting further with it and reading his posts to see if I missed any crucial tips.

ps: I do not trade divergences because idk how, and also theres a risk divergences may not play out especially if prevailing trend momentum is too strong. also, I only take entries based on H2 charts (H1 is just there to tell me if retrace is coming so I can get ready). I am also working on execution.
  • #5,840
  • Mar 21, 2016 10:01am Mar 21, 2016 10:01am
Quoting Flipflop4
{quote} Just wondering if this is right? As my understanding goes, the last crossing of the H2 EMA/Purple put EMA into a position of resistance which wont change until they cross again (looks like they might soon). I was just wondering, on my plan I have a ? next to it as I was unsure...

EMA is the thicker red line in this picture.
Attached Image
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