The Paradox System | Page 324 | 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

  • #6,461
  • Sep 27, 2016 1:17am Sep 27, 2016 1:17am
Quoting Elflaco
Got my 40 pips. 5 (!) times I was less than a pip short of reaching TP. Entering one H2 candle earlier would have been more ideal I think, but I was sleeping at the time. The JPY news last night helped me a bit getting that 1 pip I was missing. Still want to show the trade as the entry in itself was good in my opinion. Here is the motivation for the trade: Entered short with H2 open candle below EMA, which slided below ROMAR to keep the downtrend intact. Purple had already crossed White and Smooth and was heading for EMA and we were around 61.8...
Congratulations!!!
Your trade was almost the same as mine. I probably entered one bar sooner. But, the pips are what really count.
  • #6,462
  • Sep 27, 2016 1:39am Sep 27, 2016 1:39am
Quoting InDaMoment
{quote} Congratulations!!! Your trade was almost the same as mine. I probably entered one bar sooner. But, the pips are what really count.
Yes, I think one bar earlier was the perfect setup. Good one!
  • #6,463
  • Sep 27, 2016 2:24am Sep 27, 2016 2:24am
Quoting Elflaco
{quote} Yes, I think one bar earlier was the perfect setup. Good one!
Wow, you guys did a really cool trader capturing it early on.
congratulations.
  • #6,464
  • Sep 27, 2016 7:26am Sep 27, 2016 7:26am
Got my 40 pips. Entered short because of H2 White was at Purple for the crossing, eliminating PSAR, and open candle below Smooth and EMA (Dove in post 376: You have 1; Purple/Whit crossing and 2; with an open candle below SMOOTH showing the crossing of Purple. And that is not anticipating because it is showing the crossing before it even happens.), red EMA arrow set in stone and OSMA bars close to 0 crossing down. H2 Fibo flipped to green on current candle, but looking at the confluence it didn't worry me much. On H1 chart market turns down with 4 horsemen in downtrend and Purple at EMA for crossing and EMA slides on top of ROMAR wanting to cross ROMAR down with market below it. Also MACD down appeared, after red EMA arrow was already set in stone. On Daily chart the downtrend was still in with White sliding with Purple. 40 SL was just behind H2 ROMAR resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: Eur-Jpy H2.png Size: 58 KB
  • #6,465
  • Sep 27, 2016 7:45am Sep 27, 2016 7:45am
  •  System6
  • | Joined Feb 2008 | Status: Aim at nothing and you will hit it | 23 Posts
Quoting Elflaco
Got my 40 pips. Entered short because of H2 White was at Purple for the crossing, eliminating PSAR, and open candle below Smooth and EMA (Dove in post 376: You have 1; Purple/Whit crossing and 2; with an open candle below SMOOTH showing the crossing of Purple. And that is not anticipating because it is showing the crossing before it even happens.), red EMA arrow set in stone and OSMA bars close to 0 crossing down. H2 Fibo flipped to green on current candle, but looking at the confluence it didn't worry me much. On H1 chart market turns down with...
Nice Trade! Virtually the same as mine.
  • #6,466
  • Sep 27, 2016 7:55am Sep 27, 2016 7:55am
Quoting Elflaco
Got my 40 pips. Entered short because of H2 White was at Purple for the crossing, eliminating PSAR, and open candle below Smooth and EMA (Dove in post 376: You have 1; Purple/Whit crossing and 2; with an open candle below SMOOTH showing the crossing of Purple. And that is not anticipating because it is showing the crossing before it even happens.), red EMA arrow set in stone and OSMA bars close to 0 crossing down. H2 Fibo flipped to green on current candle, but looking at the confluence it didn't worry me much. On H1 chart market turns down with...
Very well thought out. Nice trade!
  • #6,467
  • Sep 28, 2016 4:16am Sep 28, 2016 4:16am
Quoting InDaMoment
{quote} For this type of trade, you would normally enter a SL of 40. The SL is 40 for a TP of 40 or 20. You can go back and read to verify this if you want. But, anyway, congrats on your 20 pips!
Good Morning. I used this setup actually because I was not very confident. Thanks for the tip. I really need some ear pulling to stop breaking rules and fully trust the system.
  • #6,468
  • Sep 28, 2016 11:56pm Sep 28, 2016 11:56pm
  •  System6
  • | Joined Feb 2008 | Status: Aim at nothing and you will hit it | 23 Posts
Missing your analysis InDaMoment
  • #6,469
  • Sep 29, 2016 10:14am Sep 29, 2016 10:14am
I'd be interested in knowing who went long yesterday and why?
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #6,470
  • Sep 29, 2016 10:16am Sep 29, 2016 10:16am
Got my 40 pips. Entered long because on H2 the market reversed 1 candle after green divergence, came back into horsemen support after the big move upwards and a new candle opened at Smooth with all 4 horsemen in uptrend and ROMAR now being support. On H1 market opened just below EMA support with Purple/White/Smooth heading down. Red EMA arrow and MACD arrow appeared at point of entry, but EMA arrow disappeared as soon as price started to move up. On the Daily chart EMA is still resistance, but PSAR is eliminated. Market is far above EMA and there is a top SAR attachment, above TP level. 40 TP is below Fibo 0.0 on H1 and H2.

I remembered this scenario from 2 other posts in this thread, but those were both scenario's where the Daily was in uptrend with the 4 horsemen and EMA was support. That wasn't the case today, but the Daily clearly wants to go up with Purple at Smooth and the green Fibo and it worked out.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 53 KB
  • #6,471
  • Sep 29, 2016 10:49am Sep 29, 2016 10:49am
Quoting Elflaco
Got my 40 pips. Entered long because on H2 the market reversed 1 candle after green divergence, came back into horsemen support after the big move upwards and a new candle opened at Smooth with all 4 horsemen in uptrend and ROMAR now being support. On H1 market opened just below EMA support with Purple/White/Smooth heading down. Red EMA arrow and MACD arrow appeared at point of entry, but EMA arrow disappeared as soon as price started to move up. On the Daily chart EMA is still resistance, but PSAR is eliminated. Market is far above EMA and there...
Very nice! I believe your entry is valid with referencing ROMAR/support!

I went short earlier at the next open candle after the first upper BB hit: ROMAR was still resistance.
Also, Daily was showing White sliding over Purple (before 20:00 then it crossed but I was already stuck in my thinking) and was still downtrend. I lost 40 pips.

In retrospect I did not pay enough credit to :
1) Fibo up
2) Open above horsemen sliding with Purple starting to expend up.
3) BB expending up.
4) and : 1H fully uptrend with EMA/ROMAR up on the next candle.
5) not the least : Daily swing down ended with White/Purple up.

All of the above was on my plan but with my thinking I got things mixed up and traded the breach of ROMAR/resistance with lots of conflicting factors.


My plan for reference :

18 :00
Open : Not open yet.
Daily

ROMAR - Resistance
PSAR - Resistance
EMA – Resistance

White has now cross Purple for a swing up.
-Market at Smooth. EMA/r 40+ pips away.
-Current candle touched the 23,6 up fib.


2H
CP : 112,898
ROMAR - Resistance
PSAR - Support
EMA – Support

Market ended a swing down with EMA holding Support the whole time.
-White/Purple up on the current candle.
-ROMAR/r 10 pips away.
-BB opening up; ROMAR showing again in the trading range.

1H

ROMAR – Resistance
PSAR - Support
EMA – Support

1H is consolidating because of ROMAR/r.
-Purple crossed ROMAR up.
-Open above ROMAR/r.

19 :12
Market went up 40 pips with the 19 :00 candle. 2H ROMAR/r is now breach and market must return below it. BBs are hit. Also 1H EMA is touching under ROMAR : 1H ROMAR still resistance. I will take an entry going short at the next open candle (20 :00) if the level is satisfying.

20 :00
Daily open : 113,271
-Smooth touching Purple. White/Purple up. Open below EMA/r.
20 :07
Entered short on the new 2H candle. Reason : Open above ROMAR/r. Market must return. Purple still below ROMAR with EMA. The 2H has the control. Even if the 1H EMA/ROMAR happened on the current bar. We’re still in a daily downtrend so this is valid. Both divergence are attached on 2H since last swing up in the last bar.

-SL one/two hours later.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #6,472
  • Sep 29, 2016 8:42pm Sep 29, 2016 8:42pm
EURJPY
Date: 2016-09-30 2100 EDT
News for USD EUR JPY: HIGH at 1500 local

Daily:
ROMAR: R DN
EMA: R DN
PSAR: R DN
Last MACD 0 crossing: UP and increasing
Last EMA Alert Arrow: UP
Last DB Attachment: 112.068 B
Last SAR Attachment: 114.178 T
Fibo up or down: UP
Notes: W,S crossed P at bottom, Parabolic is eliminated, ROMAR is at 114.800

1HR: Open Price: 113.318
ROMAR: S UP
EMA: R DN
PSAR: R DN
Last MACD 0 crossing: DN and decreasing before EMA arrow
Last EMA Alert Arrow: DN
Fibo up or down: DN
Notes: W crossed P eliminating Parabolic, arrow conflict

2HR:
ROMAR: S UP
EMA: R DN
PSAR: R DN
Last MACD 0 crossing: DN and increasing
Last EMA Alert Arrow: DN
Last DB Attachment: 114.178 T
Last SAR Attachment: 112.989 B
Fibo up or down: DN
Notes: Market is at ROMAR support, 4H are downward

Notes for all 3 charts: System is in consolidation, H1 and H2 are not in sync

Entry: Entry on H2 will need confluence with H1. Watch H2 ROMAR to cross or slide with EMA. With a crossing plan to enter short with White sliding with Purple. The entry will be at open near Smooth. If H2 ROMAR slides with EMA plan to enter long. With White crossing Purple enter long at open near Smooth. These scenarios may take some time and require revisions as indicators change.

Result:
  • #6,473
  • Sep 29, 2016 10:19pm Sep 29, 2016 10:19pm
Well, we just saw a 93 pip jump in the market so it looks like I'll be scrutinizing my trade plan.
  • #6,474
  • Sep 30, 2016 7:08am Sep 30, 2016 7:08am
I think Dove has cautioned about trading around volatile times such as
7:00pmJPY
http://www.forexfactory.com/resource...impact-red.png
BOJ Gov Kuroda

I know you have it on your trading plan. The problem is I don't think when these are scheduled that the time is necessarily set in stone. So that maybe the cause. Good luck with your trading
  • #6,475
  • Sep 30, 2016 9:08am Sep 30, 2016 9:08am
Quoting bigandrich
I think Dove has cautioned about trading around volatile times such as 7:00pmJPY {image} BOJ Gov Kuroda I know you have it on your trading plan. The problem is I don't think when these are scheduled that the time is necessarily set in stone. So that maybe the cause. Good luck with your trading
Thanks, you're probably right, nobody seems to know for sure.
  • #6,476
  • Sep 30, 2016 11:46am Sep 30, 2016 11:46am
Got my 40 pips. Entered long with open candle above EMA, which stayed above ROMAR and horsemen started to turn up with White at Purple for the crossing to eliminate PSAR. Green EMA arrow appeared and OSMA bars were getting close to crossing 0. On H1 the 4 horsemen were already in the uptrend with Purple crossing Smooth. The green EMA arrow was set in stone and MACD arrow appeared on entry candle. ROMAR was still resistance but with the market opening above it and horsemen starting to trend up I didn't consider that an obstacle. On Daily the green EMA arrow was set in stone and on current candle the MACD arrow appeared. Market was above EMA at point of entry. 40 SL was behind H2 ROMAR support. This trade was very similar to monday's trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 56 KB
  • #6,477
  • Sep 30, 2016 12:04pm Sep 30, 2016 12:04pm
Quoting Elflaco
Got my 40 pips. Entered long with open candle above EMA, which stayed above ROMAR and horsemen started to turn up with White at Purple for the crossing to eliminate PSAR. Green EMA arrow appeared and OSMA bars were getting close to crossing 0. On H1 the 4 horsemen were already in the uptrend with Purple crossing Smooth. The green EMA arrow was set in stone and MACD arrow appeared on entry candle. ROMAR was still resistance but with the market opening above it and horsemen starting to trend up I didn't consider that an obstacle. On Daily the green...
beautiful trade!
  • #6,478
  • Sep 30, 2016 4:20pm Sep 30, 2016 4:20pm
hi Elflaco what is your broker name? why my h2 chart is different from your chart? thanks... (please look at open candle price)
Attached Image (click to enlarge)
Click to Enlarge Name: cdcdcd.png Size: 52 KB
  • #6,479
  • Edited Oct 1, 2016 8:44am Sep 30, 2016 11:28pm | Edited Oct 1, 2016 8:44am
I believe your chart is fine...his two hour chart open is different than yours do to daylight savings adjustment most likely In other words, that big green candle through the horsemen would look like two separate candles not adjusting for daylight savings time;
  • #6,480
  • Oct 1, 2016 2:54am Oct 1, 2016 2:54am
Quoting deha33
hi Elflaco what is your broker name? why my h2 chart is different from your chart? thanks... (please look at open candle price) {image}
My broker is Forex.com, as recommended bij Dove. Then your candles will look exactly the same.
10 traders viewing now