The Paradox System | Page 296 | 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

  • #5,901
  • Mar 22, 2016 7:33pm Mar 22, 2016 7:33pm
Sometimes, the excitement of going into a trade blinds the trader of the moment. As I'm going through the several variations of Dove's system, I take screenshots of all of the charts when I enter a trade. Once the trade hits my TP , or my SL ;-( I go back and look at the moment and see why the trade worked, or why it failed. This, along with your trading plan is a great way to study.
  • #5,902
  • Edited 9:35pm Mar 22, 2016 9:02pm | Edited 9:35pm
Hi, anyone go long from EMA, EMA and ROMA crossed

I only write note for 3 chart to focus and summary, don't confuse anyone.
Trading plan 5:00AM GMT

D1:
EMA prepare to cross White for downtrend.
Purple crossed white, Smooth. Smooth crossed White.
Parabolic hold support.
Last EMA arrow is green, MACD is possitive

Market is in support, resistance area. Market will be consolidation up and down many next days.

H2:
EMA/ROMAR crossed for uptrend
4 horsemen is ready for uptrend
Last MACD, EMA arrow are up
Romar is at the center of market --> market up and down many hours around Romar.

H1:
EMA/ROMAR crossed for uptrend.
ROMAR go through center of market.

Market is clearly in tight consolidation

In tight consolidation, I only take 20 pips
  • #5,903
  • Mar 22, 2016 10:21pm Mar 22, 2016 10:21pm
Quoting dove_alliance
Hello traders and blessings; In the beginning I had given my word I would give two weeks of my time for free and kept my word. After the two weeks ended I wrote a summary of what I had taught and that was going to be the ending of my promise. But because of the many PMs I had received asking me not to leave and help them further with the training. I decided to give another 3-4 weeks of my time for free; in which I did. I am a minister and have a ministry in helping marriages in crises. I had stated when I started those extra weeks of training that...
God bless you and thank you for your work and help here.
  • #5,904
  • Mar 23, 2016 12:17am Mar 23, 2016 12:17am
Quoting dove_alliance
Hello traders and blessings; In the beginning I had given my word I would give two weeks of my time for free and kept my word. After the two weeks ended I wrote a summary of what I had taught and that was going to be the ending of my promise. But because of the many PMs I had received asking me not to leave and help them further with the training. I decided to give another 3-4 weeks of my time for free; in which I did. I am a minister and have a ministry in helping marriages in crises. I had stated when I started those extra weeks of training that...
Thank you very much master Dana for that you find time teaching us. And really we now feel better. Thank you for your system.
God bless you
  • #5,905
  • Mar 23, 2016 12:47am Mar 23, 2016 12:47am
London open

Daily
ROMAR - Res
EMA - Sup
PSAR - Eliminated
MACD Up but decreasing
FIBO Green, Up
Purples has crossed White and Smooth downward

H2
ROMAR - Sup
EMA - Sup
PSAR - Eliminated
MACD Up but decreasing
FIBO Green, Up
Purples has crossed White downward
Arrows - Previous candle Red EMA arrow appeared

H1
ROMAR - Sup
EMA - Res
PSAR - Up
MACD Down
FIBO Green, Up
4 horsemen looking downward

Conclusion market is in consolidation, trading both ways
Entry:
Long -
Short If H2 EMA cross ROMAR for downward trend and MACD downward alert will appear then looking for entry from resistance
  • #5,906
  • Mar 23, 2016 12:47am Mar 23, 2016 12:47am

Daily plan(comments and critics are welcome)

Date: 2016.03.23

at 10.00 (GMT+2)-London opening

Daily:
ROMAR - Resistance
EMA Resistance (at the moment)
PSAR Support (eliminated with white crossed purple )

Check List:
Last MACD 0 crossing - The crossing is up.
Last EMA Alert Arrow Red Arrow down(at the moment).
Last DB Attachment - DB attached on top at 127.277 and SAR attached at 124.661.
Fibo up or down - Fibo is up from the bottom.

Notes: The 4 horsemen are down with white/ smooth crossing Purple and ROMAR and EMA as a resistance.

2 HR:
OPEN PRICE - 126.015
ROMAR Support
EMA - Support
PSAR Support (eliminated with white crossed purple)

Check List:
Last MACD 0 crossing - The crossing is up.
Last EMA Alert Arrow - Red Arrow down.
Last DB Attachment - Both DB/SAR attached at bottom 124.661.
Fibo up or down - Fibo is up from the bottom.

Notes: The 4 horsemen are neutral with EMA , ROMAR holding as support and Parabolic(eliminated as support with white crossed purple).

1 HR:
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing - The crossing is down.
Last EMA Alert Arrow - Red Arrow down together with MACD crossing.
Last DB Attachment - none
Fibo up or down - Fibo is up from the bottom.

Notes: The 4 horsemen are down with EMA as resistance(EMA crossed purple), ROMAR as support and Parabolic holding as resistance.
Final Notes for all three charts: Market is clearly in tight consolidation

Entry:
Consolidation: Yes
Long: I will enter long on 2hr open after the all 4 horsemen will be up.
P.S. If white will touch purple will not enter.
Short: I will enter short on 2hr open after EMA crossed Romar and the all 4 horsemen will be down.
P.S. If white will touch purple will not enter.
Notes for readjustments:
  • #5,907
  • Mar 23, 2016 12:59am Mar 23, 2016 12:59am
Quoting iuforex
Sometimes, the excitement of going into a trade blinds the trader of the moment. As I'm going through the several variations of Dove's system, I take screenshots of all of the charts when I enter a trade. Once the trade hits my TP , or my SL ;-( I go back and look at the moment and see why the trade worked, or why it failed. This, along with your trading plan is a great way to study.
...Very nice way to study you got there, iuforex....

..I answered your PM iuforex, anything else, I'm here for you....
The Chonchy
  • #5,908
  • Mar 23, 2016 1:21am Mar 23, 2016 1:21am
Quoting dove_alliance
Hello traders and blessings; In the beginning I had given my word I would give two weeks of my time for free and kept my word. After the two weeks ended I wrote a summary of what I had taught and that was going to be the ending of my promise. But because of the many PMs I had received asking me not to leave and help them further with the training. I decided to give another 3-4 weeks of my time for free; in which I did. I am a minister and have a ministry in helping marriages in crises. I had stated when I started those extra weeks of training that...

..... ...The lord con only thank you what you do for the newbies Sir. and "FREE", no body spend all this time teaching new guys, like you here and else where, for a while now, me, Hubi, Peter, and some of the old gang ( the elite originals ) thank you, and that should be enough, but a lot here in this thread also thank you, and you know it and it serve of satisfaction, don't worried about the lazy ones, they will get back on track or else for them, like I said, the lord only know what you do, Sir., my blessings will be always with you and with your spirit, Amen........farewell Master.....The_DoveAlliance......
The Chonchy
  • #5,909
  • Mar 23, 2016 2:06am Mar 23, 2016 2:06am
Many thanks to Dove for this system and the time given so far. It's totally understandable that he now wishes to move on and concentrate on his ministry and I wish him all the very best. Could I make a request to those traders who have become somewhat accomplished at using this system that they remain active on the thread as they appear to have gone quiet.. Please pass on the knowledge that Dove has so generously given to us.

Thanks again to the dove Alliance!

:-)
  • #5,910
  • Mar 23, 2016 3:47am Mar 23, 2016 3:47am
Good morning guys

Woke up with my TP hit the pattern is repeating it-self since days

Now l begin to understand what's Dana mean by big picture

Daily is the big picture, means a Down trend is in place
But with heavy consolidation since 7 days, PA is bouncing between major R/S...Always the same.
To help me find out, l look in the past for multiple touches and l draw temporary lines...Only 2 that l withdraw later when useless
l know Dana said to not had anything but those simple lines have seriously improved my success rate,( especially in consolidation)
It is the only rule's infringement l use so far...Hope he will forgive me
What Dana meant in not adding anything is that if you had too much, you wont be able to see anything at all...

Right now the resistance l was talking yesterday still hold...maybe not for long

Everything can happenned very soon,

Then have a nice trading
Forgot: Fibo level are very stong tool, refining your skills will seriously help you out
  • #5,911
  • Mar 23, 2016 4:40am Mar 23, 2016 4:40am
Quoting chonchy
{quote} ..... ...The lord con only thank you what you do for the newbies Sir. and "FREE", no body spend all this time teaching new guys, like you here and else where, for a while now, me, Hubi, Peter, and some of the old gang ( the elite originals ) thank you, and that should be enough, but a lot here in this thread also thank you, and you know it and it serve of satisfaction, don't worried about the lazy ones, they will get back on track or else for them, like I said, the lord only know what you do, Sir., my blessings...
So I guess "when the student is ready, the Master will appear" from now on...

Many many thanks for Dove

I thank you also, Chonchy, and the other students/contributors who put their ego aside by posting their Trading Plans
  • #5,912
  • Mar 23, 2016 5:12am Mar 23, 2016 5:12am
Quoting ben.deschain
Good morning guys Woke up with my TP hit the pattern is repeating it-self since days Now l begin to understand what's Dana mean by big picture Daily is the big picture, means a Down trend is in place But with heavy consolidation since 7 days, PA is bouncing between major R/S...Always the same. To help me find out, l look in the past for multiple touches and l draw temporary lines...Only 2 that l withdraw later when useless l know Dana said to not had anything but those simple lines have seriously improved my success rate,( especially in consolidation)...
Nice job Ben - just out of curiosity what were you using as your major S/R lines from the daily?
  • #5,913
  • Mar 23, 2016 5:50am Mar 23, 2016 5:50am
Quoting wwfool
{quote} Nice job Ben - just out of curiosity what were you using as your major S/R lines from the daily?
Thanks wwfool

For the last 4 days PA have bounce around channel 125,252/126.084( still holding...)
As l see it approx 126.612 is the next one up to watch, around 125,084 nearest down, 123,048 far below
Have a nice day
  • #5,914
  • Mar 23, 2016 8:36am Mar 23, 2016 8:36am
Short entry signals USD CHF, just parabolic need to flip in 2 hour chart{:
  • #5,915
  • Mar 23, 2016 10:12am Mar 23, 2016 10:12am
Quoting Eli3423
Short entry signals USD CHF, just parabolic need to flip in 2 hour chart{:
We only study EUR JPY in this thread. Although you can trade any pair, but talking about it on here is confusing as we are concentrating on EUR/JPY. Hope you understand.
  • #5,916
  • Mar 23, 2016 11:16am Mar 23, 2016 11:16am
Hi all I didn't trade today, needed a break, I will not trade now until after Easter bank holiday, taking a trip on a narrow boat for a couple of days should be good, Green pips to all., Remember the Bank Holiday UK.
  • #5,917
  • Mar 23, 2016 11:41am Mar 23, 2016 11:41am
Quoting Piprader
Hi all I didn't trade today, needed a break, I will not trade now until after Easter bank holiday, taking a trip on a narrow boat for a couple of days should be good, Green pips to all., Remember the Bank Holiday UK.
Have a great looong weekend!
PS now I know what is "narrow boat". Never heard before..
  • #5,918
  • Mar 23, 2016 11:51am Mar 23, 2016 11:51am
All 4 horsemen are heading down, but PSAR is only down on the 1H chart. But negated on the Daily and 2H as White cross Smooth. We are still in consolidation. ROMAR is above EMA (and is down) on the daily and 2H. 1H is up for that indicator. Daily shows consolidation within the box. It looks we are heading down in this Moment. This can change in 2H. The moment is the 2H candle.
  • #5,919
  • Mar 23, 2016 12:17pm Mar 23, 2016 12:17pm
One thing that is becoming more important is the daily. Dove said the 2H had the power but within the daily support and resistance. I'm assuming my charts are correct at 40 to 39 bars... My Daily fibo is bottom 0 up. My 2H is fibo 0 down and so is my 1H chart. I'm learning... The fibo is just one more indicator. It helps if all is the same for a trend but more often than not, they are being difficult and are not all pointing the same and we have a period of consolidation. I think that the Daily, 2H and 1H will all have fibos set for the trend to a new High/ high or Low / low. That was my old way of thinking and I hope to move on.

I have been following since late January but, this recent upward tend (daily) is not yet happening (it may have already happened). If you zoom (out) on the daily you will see that we only get a big trend going downwards with 4 horse lined up down. That is entirely my opinion from my observations. Don't forget that the daily gives support and resistance and the 2H chart is your trading chart.
  • #5,920
  • Mar 23, 2016 12:22pm Mar 23, 2016 12:22pm
Quoting nigpig
All 4 horsemen are heading down, but PSAR is only down on the 1H chart. But negated on the Daily and 2H as White cross Smooth. We are still in consolidation. ROMAR is above EMA (and is down) on the daily and 2H. 1H is up for that indicator. Daily shows consolidation within the box. It looks we are heading down in this Moment. This can change in 2H. The moment is the 2H candle.
At this time 19:20 pm GMT 2hour chart, we have Macd pointing down , and also PSAR FLICKING Support to resistance ..
3 traders viewing now