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The Paradox System

  • #6,141
  • Aug 21, 2016 7:55pm Aug 21, 2016 7:55pm
Comments on my Trade Plan above are certainly welcome.
  • #6,142
  • Edited Aug 22, 2016 10:52pm Aug 21, 2016 10:56pm | Edited Aug 22, 2016 10:52pm
Date: 22-08-2016 - 2.00 GMT

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up after MACD
Last DB Attachment - 112.303 bottom
Fibo up or down - Down
Notes: Purple is at the crossing of EMA with EMA now just sliding on top, Parabolic has flipped. White and Smooth is sliding below Purple.

2 HR:
OPEN PRICE - 113.671
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up after MACD up with EMA down in between because of 50 pip gap after Sunday's opening
Last DB Attachment - 113.947 top
Fibo up or down - Down
Notes: 4 horsemen all uptrend and open candle at 23.6 Fibo above Purple.

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

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up after MACD up with EMA down in between because of 50 pip gap after Sunday's opening
Last DB Attachment - n/a
Fibo up or down - Down
Notes: 4 horsemen in uptrend with open candle at White.
Final Notes for all three charts: ROMAR is out of sync with Daily being resistance and H1/H2 begin support. All Fibo's are down.

Entry:
Consolidation:
Long: Will look for long entry when market retraces into H1 and H2 horsemen around H1 Smooth and H2 White.
Short: With H1 and H2 ROMAR being support a short is not an option at this time. Also on Daily we have the slider with Purple/White/Smooth which is support.

Notes for readjustments: No major news is planned for EUR, JPY or USD
  • #6,143
  • Aug 21, 2016 11:04pm Aug 21, 2016 11:04pm
Quoting InDaMoment
Comments on my Trade Plan above are certainly welcome.
I think your plan looks good. Did you take a long entry at 0.00 GMT open candle with retrace into the 4 horsemen? Or were you creating your plan at that time?
  • #6,144
  • Aug 21, 2016 11:22pm Aug 21, 2016 11:22pm
I entered long at 113.654 when price retraced at 4.00 GMT open candle below H1 Smooth and H2 White. There is around 30 pips room to Fibo 0.0 and when it reaches that I will put my S/L to +10 and see where it gets from there.
  • #6,145
  • Aug 21, 2016 11:31pm Aug 21, 2016 11:31pm
Quoting Elflaco
{quote} I think your plan looks good. Did you take a long entry at 0.00 GMT open candle with retrace into the 4 horsemen? Or were you creating your plan at that time?
I was making my plan. I didn't enter yet. The long looks too much like the one last week where I lost. I hope you win on yours.
  • #6,146
  • Aug 22, 2016 1:09am Aug 22, 2016 1:09am
Quoting Elflaco
Date: 21-08-2016 - 2.00 GMT Daily: ROMAR - Resistance EMA - Resistance PSAR - Support Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - Up after MACD Last DB Attachment - 112.303 bottom Fibo up or down - Down Notes: Purple is at the crossing of EMA with EMA now just sliding on top, Parabolic has flipped. White and Smooth is sliding below Purple. 2 HR: OPEN PRICE - 113.671 ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - Up after MACD up with EMA down in between because of 50 pip...
hi mate
looks like we r alone here and we should help each other
tanx for your plan
but please if it is posible post your chart
seems it is diffrent for me
in my daily chart PSar did not flip
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 82 KB
  • #6,147
  • Aug 22, 2016 1:32am Aug 22, 2016 1:32am
Hi mahmood,

Here you go. Do you have a demo at Forex.com? It is recommended by dove_alliance. Then you have 6 candles a week instead of 5, which can make a lot of difference.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproDaily.png Size: 48 KB
  • #6,148
  • Aug 22, 2016 1:56am Aug 22, 2016 1:56am
Quoting Elflaco
Hi mahmood, Here you go. Do you have a demo at Forex.com? It is recommended by dove_alliance. Then you have 6 candles a week instead of 5, which can make a lot of difference. {image}
tanx mate
i have real account in windsor broker
and i work with fxpro on demo
these two broker has exactly the same chart
diffrent from yours
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (125).png Size: 240 KB
Click to Enlarge Name: Screenshot (126).png Size: 241 KB
  • #6,149
  • Aug 22, 2016 2:06am Aug 22, 2016 2:06am
Quoting mahmood.tava
{quote} tanx mate i have real account in windsor broker and i work with fxpro on demo these two broker has exactly the same chart diffrent from yours {image} {image}
Yes but keep in mind that for the data to be the same as dove_alliance you need a broker that doesn't compromises and dove says that's forex.com.

It doesn't say you should be trading with them if you decide to go live with this system, but I think it's wise to use their data. Like Shinny said in post 5377. I believe he is using Pepperstone as a broker, but still uses Forex.com for the data. And read post 5382 too while you're at it.
  • #6,150
  • Aug 22, 2016 3:34am Aug 22, 2016 3:34am
Quoting Elflaco
{quote} Yes but keep in mind that for the data to be the same as dove_alliance you need a broker that doesn't compromises and dove says that's forex.com. It doesn't say you should be trading with them if you decide to go live with this system, but I think it's wise to use their data. Like Shinny said in post 5377. I believe he is using Pepperstone as a broker, but still uses Forex.com for the data. And read post 5382 too while you're at it.
tanx mate
i will try to open demo account on forex.com
  • #6,151
  • Aug 22, 2016 4:13am Aug 22, 2016 4:13am
Quoting Elflaco
{quote} Yes but keep in mind that for the data to be the same as dove_alliance you need a broker that doesn't compromises and dove says that's forex.com. It doesn't say you should be trading with them if you decide to go live with this system, but I think it's wise to use their data. Like Shinny said in post 5377. I believe he is using Pepperstone as a broker, but still uses Forex.com for the data. And read post 5382 too while you're at it.
tanx mate
the problem was solved
so if it is possible please send H2 chart to compare
tanx a lot
  • #6,152
  • Aug 22, 2016 4:16am Aug 22, 2016 4:16am
Quoting mahmood.tava
{quote} tanx mate the problem was solved so if it is possible please send H2 chart to compare tanx a lot
Here you go. Just be sure to have 40 bars on your screen, including the one at the left of which you only see a bit, as to make sure the Fibo is correct.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 62 KB
  • #6,153
  • Aug 22, 2016 4:43am Aug 22, 2016 4:43am
Quoting Elflaco
{quote} Here you go. Just be sure to have 40 bars on your screen, including the one at the left of which you only see a bit, as to make sure the Fibo is correct. {image}
tanx dood
it is realy diffrent from my broker chart
diffrence is between day and night

SAR ARROWS Db ..... every thing is diffrent but in forex broker it is same as u
tanx

this is my H2 chart in my broker that is not correct
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 102 KB



and the second one is in forex broker like yours

Attached Image (click to enlarge)
Click to Enlarge Name: 22.png Size: 99 KB

cheers
  • #6,154
  • Aug 22, 2016 4:53am Aug 22, 2016 4:53am
Also change your visible bars to 40. Check post 2779 of Contrax how to get the white triangle in the top right corner so you can adjust the amount of visible candles manually. So right now the candle on the left is the large one with the SAR/DB at 113.922. You only see a portion of that candle. It will change in 3 minutes as we then have a new H2 candle.
  • #6,155
  • Aug 22, 2016 5:10am Aug 22, 2016 5:10am
Quoting Elflaco
Also change your visible bars to 40. Check post 2779 of Contrax how to get the white triangle in the top right corner so you can adjust the amount of visible candles manually. So right now the candle on the left is the large one with the SAR/DB at 113.922. You only see a portion of that candle. It will change in 3 minutes as we then have a new H2 candle.
tanx dood
every thing is ok now
so go on plan
  • #6,156
  • Aug 22, 2016 11:48am Aug 22, 2016 11:48am
Found Paradox thread yesterday. Absorbing info, loading templates and dedicating the time to learn. Have any of you recent posters' had success? Any advice aside from the obvious, read and follow all instructions? Have you anything that can help a newer guy.
Enjoyed everyones posts, its a good thing we can chat!
  • #6,157
  • Edited 12:48pm Aug 22, 2016 12:28pm | Edited 12:48pm
Quoting fxputz
Found Paradox thread yesterday. Absorbing info, loading templates and dedicating the time to learn. Have any of you recent posters' had success? Any advice aside from the obvious, read and follow all instructions? Have you anything that can help a newer guy. Enjoyed everyones posts, its a good thing we can chat!
biggest advices I can give you:

- read the thread over and over and over again. I've read the first 150 pages like 10 times. some people seemed to got it quickly at the beginning but it took me quite a bit of time to get a grasp on it. you'll make mistakes and mistakes but the more you make the better, cause it tells you you'll be getting closer to understanding. the time studying the paradox is a valuable investment. even if it turns out you feel it's not for you, I'm sure you'll have learned essential skills about the markets.
- study the thread first for a long time (eg a month) before taking your first trade
- always make a trading plan and stick to it. I really recommend writing down your ideas for a long and short entry as it will help you to stay unbiased.
- only trade ONE currency. I've made the mistake in doing more, I was doing 4 "to accelerate my learning" but when I then cut down to 1 pair, I learned 5x as much as I was looking at the same chart all day long. trade whichever pair but for studying I suggest EURJPY as people here will be posting their plans so it'll accelerate your learning as you'll be learning with others.

good luck
  • #6,158
  • Aug 22, 2016 1:08pm Aug 22, 2016 1:08pm
Quoting fxputz
Found Paradox thread yesterday. Absorbing info, loading templates and dedicating the time to learn. Have any of you recent posters' had success? Any advice aside from the obvious, read and follow all instructions? Have you anything that can help a newer guy. Enjoyed everyones posts, its a good thing we can chat!
Yes that's right. Don't trade in the beginning, because you have no idea what you're doing, can't learn from your mistakes and start to lose confidence in the system. The best thing you can do before you start is sign up for a demo account at Forex.com, because that is what the thread's creator recommends later on in the topic, because they do not compromise their demo accounts as a lot of other brokers do.

It's very good to visually see what someone is talking about. So if someone talks about an entry he made and didn't post a screenshot with it. Search for a screenshot in the next couple of posts, as there always is one, and then you can see why someone took entry and how the indicators where looking at that specific time. That way you start to recognize the way the indicators work together a lot quicker and you can learn from others mistakes.
  • #6,159
  • Aug 22, 2016 1:57pm Aug 22, 2016 1:57pm
Jens89 and Elflaco,
Very good advice, Thank You. If you all dont mind a rookie hangin in the background, asking a question or two here and there, I will update briefly my experiences.
looking forward to your many successes. What you post is very helpful.
  • #6,160
  • Aug 22, 2016 7:14pm Aug 22, 2016 7:14pm
EURJPY
Date: 2016-08-23 2000 NY time
News for USD EUR JPY: 1100 local

Daily:
ROMAR: R DN
EMA: R DN
PSAR: S UP
Last MACD 0 crossing: UP
Last EMA Alert Arrow: UP invalid – after MACD arrow
Last DB Attachment: 112.303 B
Last SAR Attachment: 112.303 B
Fibo up or down: DN
Notes: W,S below P and tight

1HR: Open Price: 113.545
ROMAR: S UP
EMA: R DN
PSAR: R DN
Last MACD 0 crossing: DN near 0
Last EMA Alert Arrow: UP
Fibo up or down: DN
Notes: W,S under P

2HR: Average Bar:
ROMAR: S UP
EMA: R DN
PSAR: R DN
Last MACD 0 crossing: DN decreasing
Last EMA Alert Arrow: DN
Last DB Attachment: 113.947 T
Last SAR Attachment: 113.392 B
Fibo up or down: DN

Notes: W,S,EMA below P
Notes for all 3 charts: Consolidation, ROMAR is close below market on H1 and H2

Entry: “No trade is better than a lost trade” Enter long on retrace to ROMAR
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