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Paradox System: post your entry here 6 replies

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Attachments: The Paradox System
Exit Attachments

The Paradox System

Quoting InDaMoment
{quote} I entered long as per trade plan a couple of bars back on H2. Not as low as I would like but hind sight is always better. I'l just wait and see.
In hindsight is always better ideed :-). While I am waiting for the green EMA arrow to be confirmed the current candle has already left north without me. I think with everything already set up to go long just the appearance of the green EMA arrow was enough. Yesterday it needed to be confirmed in my opinion, because we were going against a lot of support. So right now it's best to just wait for a retracement, because we still have a lot of room to go up.

Just curious, you already entered long while H2 4 horsemen were still in downtrend and based it on the H1 chart only?
Quoting Elflaco
{quote} In hindsight is always better ideed :-). While I am waiting for the green EMA arrow to be confirmed the current candle has already left north without me. I think with everything already set up to go long just the appearance of the green EMA arrow was enough. Yesterday it needed to be confirmed in my opinion, because we were going against a lot of support. So right now it's best to just wait for a retracement, because we still have a lot of room to go up. Just curious, you already entered long while H2 4 horsemen were still in downtrend and...
Yes, I based it on H1 and H2 W was at P. Also, both ROMARs were not far below. I know that I entered a little early. I've been bad about that. I'm always afraid the market will take off without me. I'm working on that. I entered at 114.165 + 2.6 spread = 114.191
Quoting InDaMoment
{quote} Yes, I based it on H1 and H2 W was at P. Also, both ROMARs were not far below. I know that I entered a little early. I've been bad about that. I'm always afraid the market will take off without me. I'm working on that. I entered at 114.165 + 2.6 spread = 114.191
Yes, sounds very familiar. I'm also working on my patience, because I also had trades where I entered too early caused by the fear of missing out. Everyday I'm getting a little bit better at it. Simple things as only open a trade at a new H2 candle and when H1 and H2 are in sync help me a lot. I think if you trade out of fear you never really trade as this system is intended to trade, because when I have that fear of missing out I can't think straight. Taking a trade when there is a lot of confluence is getting me a lot more confident. I remember a post from Repoman where he said that when you feel fear of doubt, it probably is because the setup is just not right yet.

So half an hour ago I entered at the open H2 candle at 12.00 GMT at H2 Purple support with everything set up for the uptrend. The only resistance is the Daily upper BB. I feel confident about this long entry because of the many confluence factors. I know it's gonna go up, but the problem I have lately is not knowing how far it will go. Just like yesterday I had my TP on 40 and it only went to 25. With this long entry I am aiming at 40 TP again, which ends just below the Fibo 0.0 on H2 and just above BB on Daily. Let's see how it plays out.
Quoting Elflaco
{quote} Yes, sounds very familiar. I'm also working on my patience, because I also had trades where I entered too early caused by the fear of missing out. Everyday I'm getting a little bit better at it. Simple things as only open a trade at a new H2 candle and when H1 and H2 are in sync help me a lot. I think if you trade out of fear you never really trade as this system is intended to trade, because when I have that fear of missing out I can't think straight. Taking a trade when there is a lot of confluence is getting me a lot more confident. I...
Good advice, I'll remember that. I have tp set at +40 also. The indicators are indicating that we have a shot at it.
I think the main issue here is the volatility of the EURJPY at the moment. to be honest I haven't had a lot of good trades recently and not textbook trades either. if you just look at the daily range for august on EURJPY we have been in a very strict consolidation period out which we recently broke out of. yet I still have managed to break even while making mistakes along the way so all in all I cannot complain.

edit: to give an example look at the following trade below. I was in it for 30 HOURS and it went maximum 30 pips in my favor. that for EURJPY doesn't seem standard to me. I eventually closed it down with 5 pips profit as we had news coming up and the horsemen were all showing resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
Quoting Jens89
I think the main issue here is the volatility of the EURJPY at the moment. to be honest I haven't had a lot of good trades recently and not textbook trades either. if you just look at the daily range for august on EURJPY we have been in a very strict consolidation period out which we recently broke out of. yet I still have managed to break even while making mistakes along the way so all in all I cannot complain. edit: to give an example look at the following trade below. I was in it for 30 HOURS and it went maximum 30 pips in my favor. that for...
22 hours for me :-) and out with a loss of 8 pips. Thanks to Yellen last friday the daily indicators are being seperated, so let's hope the really low volatility we dealt with the last couple of weeks is over with.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 59 KB
Quoting Jaymantos
I believe I meant 1H, sorry I am no more trading the Paradox. (Very great system by the way.) I indeed trade with a 4h. But that is all I will say. I already spoke too much. Don't take it for a dissuasion to trade the Paradox. It is not a dissuasion. Learn as much as you can from it. And never take the wise words from a stranger as they are ( even more if he's kind and shit). Challenge them thoughts, after all they might no more hold true when you discover your way of trading.. make them thoughts your own. Keep discussing the Paradox you guys make...
We are trying to learn The Paradox System here. Last week you said you no longer trade it and you posted 2 charts since then which had nothing to do with this system. Would you please be so kind to only post screenshots that have to do with this system and explain your entry according to the Paradox's rules?
sweet pips today!

Attached Image
Quoting Elflaco
{quote}So half an hour ago I entered at the open H2 candle at 12.00 GMT at H2 Purple support with everything set up for the uptrend. The only resistance is the Daily upper BB. I feel confident about this long entry because of the many confluence factors. I know it's gonna go up, but the problem I have lately is not knowing how far it will go. Just like yesterday I had my TP on 40 and it only went to 25. With this long entry I am aiming at 40 TP again, which ends just below the Fibo 0.0 on H2 and just above BB on Daily. Let's see how it plays out....
Got my 40 pips as well!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 61 KB
guys i have a problem, i have only 30 candle bars on my charts instead of 40 which makes my fibo not correct, please how do i solve this problem an make it 40 candle bars?
Quoting pradel
guys i have a problem, i have only 30 candle bars on my charts instead of 40 which makes my fibo not correct, please how do i solve this problem an make it 40 candle bars?
Hi Pradel, your answer is in post 2779.
Date: 31-08-2016 - 3.00 GMT

Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - 114.955 top
Fibo up or down - Up
Notes: Daily trend is up with 4 horsemen in alignment. Market is 60 pips above Purple support and 60 pips below ROMAR resistance.

2 HR:
OPEN PRICE - 114.859
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - 114.955 top
Fibo up or down - Down
Notes: 4 horsemen are up and market is at Fibo 0.0 line above Purple with open candle at White. Green/magenta divergence is attached to previous candle, but so
far no retrace with current candle making the same high, so retracement could be expected on next candle.

1 HR:
ROMAR - Support
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up
Last DB Attachment - n/a
Fibo up or down - Down
Notes: Just came out of a slider with open candle above Purple/White/Smooth and MACD up arrow on current candle. Market is at the Fibo 0.0 line.

Final Notes for all three charts: All 4 horsemen on the 3 charts are pointing long, but with both H1 and H2 at the top of the chart it's not a
good idea to trade long at this time. With the green/magenta divergence attached on H2 a retrace is very well expected as it will be the second retracement
after attachment, so I will see from there.

Entry:
Consolidation:
Long: Will enter long when we have a retracement deep into support with H1 and H2 still in sync for the uptrend.
Short: Will enter short when H1 turns around with PSAR flip and the red EMA arrow on H2 would be the signal to wait for.

Notes for readjustments:

High impact news:
7.55 GMT - EUR: German Unemployment Change
9.00 GMT - EUR: CPI
12.15 GMT - USD: ADP Nonfarm Employment Change
14.00 GMT - USD: Pending Home Sales
EURJPY
Date: 2016-08-31 2000 NY time
News for USD EUR JPY: HIGH 1500 local

Daily:
ROMAR: R DN
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: UP - before EMA arrow
Last EMA Alert Arrow: UP
Last DB Attachment: 114.955 T
Last SAR Attachment: 114.955 T
Fibo up or down: UP
Notes: W,S,EMA below P, SAR, DB and Magenta are attached to last bar

1HR: Open Price: 114.683
ROMAR: S UP
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: DN
Last EMA Alert Arrow: UP invalid
Fibo up or down: DN
Notes: W,S crossed P on shallow dip of swing

2HR: Average Bar:
ROMAR: S UP
EMA: S UP
PSAR: S UP
Last MACD 0 crossing: UP decreasing
Last EMA Alert Arrow: UP
Last DB Attachment: 114.955 T
Last SAR Attachment: 114.955 T
Fibo up or down: DN
Notes: 4H upward, W near P and possible slider, Green divergence

Notes for all 3 charts: Consolidation, H1 and H2 are almost in sync, H1 4H are just a little ahead of H2

Entry: “No trade is better than a lost trade" In the moment, with H1 and H2 ROMARs and EMA,s in uptrend I'll be looking at a long entry. Considering green divergence 2 bars back I expect a retrace. May enter long on retrace below H2 smooth. I'm not considering a short entry at this time.
Daily:
ROMAR - Resistance
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - up after macd up
Last DB Attachment - 112.303 bottom
Fibo up or down - Up
Notes: clean uptrend into ROMAR resistance

2 HR:
OPEN PRICE - 114.906
ROMAR - support
EMA - support
PSAR - support

Check List:
Last MACD 0 crossing - Up
Last EMA Alert Arrow - Up before MACD arrow
Last DB Attachment - DB: 113.839
Fibo up or down - down
Notes: green divergence attached at the top. purple sliding over white

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

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - up
Fibo up or down - down
Notes: horsemen and ROMAR in uptrend

Entry:
Consolidation:
Long: there is a lot of distance between the horsemen. I'd like to see a retracement before entering long especially with the green divergence attached which is indicating there will be a retracement at some stage
Short: the horsemen on the 1 and 2H turn around. 1H has to be in full downtrend and I'd like to see a flip on the 2H of the PSAR aswell before entering short
I entered long on the present bar per trade plan.
Quoting Elflaco
{quote} Hi Pradel, your answer is in post 2779.
thank u very much Elflaco, i got the problem solved.
Quoting Elflaco
Date: 31-08-2016 - 3.00 GMT Daily: ROMAR - Resistance EMA - Support PSAR - Support Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - Up Last DB Attachment - 114.955 top Fibo up or down - Up Notes: Daily trend is up with 4 horsemen in alignment. Market is 60 pips above Purple support and 60 pips below ROMAR resistance. 2 HR: OPEN PRICE - 114.859 ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing - Up Last EMA Alert Arrow - Up Last DB Attachment - 114.955 top Fibo up or down - Down Notes: 4 horsemen are up and...
Well, it's been 12 hours since I created my trading plan and nothing really changed. Price slowly moves upwards and the divergence has jumped a couple of times to a higher/high candle, so the market hasn't retraced yet. On the 1 hour the OSMA bars are shallow with MACD arrows going up and down and since we're at the top a long at the top with Fibo red still isn't something that seems logic to me with no clear exit point. Although Daily ROMAR could be the target, it could very well turn any moment and retrace back to support. Since yesterday we already travelled 100+ pips up with only 2 minor retraces, so right now I'm gonna keep observing.
Elflaco
The daily Romar seems logical for a target but, like you a retracement seems logical. 115.330 or near is a u-turn point in the past on a one hour chart, and at his point the market has hit that point twice and pulled back in the last couple hours. Picked up 30 pips yesterday and another 20 today. Waiting to see the reaction to this resistance.
Enjoy your post my friend.
Quoting fxputz
Elflaco The daily Romar seems logical for a target but, like you a retracement seems logical. 115.330 or near is a u-turn point in the past on a one hour chart, and at his point the market has hit that point twice and pulled back in the last couple hours. Picked up 30 pips yesterday and another 20 today. Waiting to see the reaction to this resistance. Enjoy your post my friend.
Most of the times that I've seen the green divergence been attached, it retraced right away at the next candle, or sometimes a candle after that because the divergence was bumped up a few pips first. Today it just keeps getting higher, so I have to be patient. It's only around 20 pips till Daily ROMAR, so it will be interesting to see what happens from there. But like you say, H1 hasn't made a new high the last couple of bars, so maybe it won't go higher, we'll see.
Quoting fxputz
Elflaco The daily Romar seems logical for a target but, like you a retracement seems logical. 115.330 or near is a u-turn point in the past on a one hour chart, and at his point the market has hit that point twice and pulled back in the last couple hours. Picked up 30 pips yesterday and another 20 today. Waiting to see the reaction to this resistance. Enjoy your post my friend.
Where did you make your entry of today?
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