The Paradox System

2 HR: OPEN PRICE - 113,452 Magenta (114523) -Lime (112,960)
ROMAR - Resistencia
EMA - resistance
? PSAR - resistance
Check list:
? Last MACD crossing 0 UP
? Last EMA Alert Down Arrow RED
Last DB Attachment Down 112,610
Fibo up or down UP Green Bump the FIBO on Friday
Notes:
purple \ white \ smorph very stuck slipping below EMA, purple over in H1 4 horser very tight together, purple underneath. Was the bump of fibo on Friday thus changing the setup of fibo. Market between 0.0%> 23.6%. Market pips 85 ROMAR below. 30 pips between between Market and purple (D).
06:00 server: SAR appeared. It may happen three things (23.6%):
1- Market continue to rise and pull DB
2- Market down to near DB pulling new SAR and set near the satellite. What simply means that market will go up and it's time for Long Term
Market down even more than the current point DB and DB leads with 0.0% of pushing the fibo

Consolidation:
no major news. In H1 there is the flip of parabolic (resistance), but not yet confirmed, without major financial transactions my goal becomes two trades 20 pips each. For security will keep the input objective in resistance, being in favor of ROMAR in three graphs
Long:
In H1 and H2 38.2 23.6% is broken and 4 horse are aligned up with signs of EMA and MACD Arrow
Shorts:
In H1 and H2 are aligned 4 horse down with signs of EMA and MACD Arrow.
Notes for readjustments: No important news

Entry 10:00 (serves): the open candle above the 23.6% (H2). Trader won + 40 pips, but almost lost. I did not pay attention to the 50% (H2), luckily the TP was 5 pips below it, as if he had little higher, the market would have retreated without hitting it.
Thank you Dove Alliance, thank is never hurts

open operation at 113.73 still in progress with -25 pips but already consider a missing trader

Long:
61.8% (D) (113.67H2) I think is a reliable support, are 46 pips up to 50% (D) is entered to the use 40/40
Entry 10:00 server: Marker with new candle in 113.68H2 which is above 61.8%, (D) now want to see what will happen
14:00 serving: Green divergence in two points, closed candle above 61.8% (H2)
16:00 sharp drop ending in parabolic (H2) setting SAR AND MARKET returned to rise. see screenshot
17:00 I see that serves market did not allow the crossing of EMA with ROMAR. SL I took a MUCH LIKE THAT LAST WEEK! -40
A very good SL to attract attention,

What this scenario mean? SAR replaces DB at 114.197 and now DB and separate SAR, but walking together. You can also see GREEN Divergence positioned
Very interesting!
I am studying to page 162 and I just saw this post (Coincidence) 3,225: "In fact RC - a good example of the statement is with the SAR being attached for the downtrend opposite of the Parabolic in the downtrend In other words - the SAR. is on one side of Purple and the Parabolic is on the other side of Purple and BOTH in the downtrend of the channel. If the SAR and the PSAR are on the same side of the Purple Then the SAR gets you back into the trend. "

Hello all. I had a dumb question. 1. What exactly is meant by an open candle?

Also, if we establish the market is in consolidation, say in a down trend, do the rules state that we wait for both the H1 and the H2 to show the same signals, i.e., ema crossing, white crossing purple, etc... before placing a trade?

Hi virgilcain
To follow along with others using this system you need to change to EURJPY pair first.
You have to set up your charts so that there are exactly 40 candles on each of the time frames including the part candle at the left side of your screen, that way the fibs and indicators line up properly as they should be.
There may be some movement on this pair in the Asian session but as tomorrow is NFP day best to do some studying then and re read the rules on stop loss and take profit settings.
See how next week goes when you have everything set up.

Davie

Hey davie, thanks for replying. I was starting to worry that the thread was dead. I will make the corrections you spoke of. Thanks again.

Well trader; let me begin by saying this. When you ask what is an open candle tells me you are dominantly new to trading, and time will be the essence of learning even the basics.

It was January 22nd of this year when I had begun training the Paradox here on the FF and gave three months of my time. But during this time of training I specified very clearly (many times) that it would take a minimum of 6 months in learning the Paradox System. In July of this year there has been some traders leaving the FF because they have the system that is making them a living. So, they no longer need to be here.

The bottom line my fellow traders is you have at least 6 months of training yourself with the right heart and the right attitude in learning. But before you do that - you need to learn the basic of trading.

To be a successful trader you must first start in gaining the knowledge of confluence and that is where you first must begin. Without the knowledge of confluence then you will struggle for the rest of your trading life. So you have a minimum of 4 months in learning the basic in how to recognize confluence; then another 6 months in learning to trade The Paradox.

Most traders spend 10 or more years in learning how to trade and the Majority of them are still struggling. The reason is because they have no knowledge of the basics.

My suggestion is if you want to learn how to trade then start with the basics and move up from there. What is sad is that most beginners fall into a trap thinking they can start from the top and do alright. Well, that is not true. To be successful you first must have the knowledge, then understanding without thinking what is right, or what is wrong; but the wisdom of knowing the difference. And I am sorry - but I am no longer available to train so you must find your own way by searching for the answers you seek.

Dear Dove,
What an honor it is to have my first post answered by you! Thank you for taking the time to be gracious enough to do that, and now if I may ask you to indulge me for a few moments before letting you return to your peace, for a message I feel compelled to give you.
 
About a year ago, I was teaching middle school and high school English. I did so for about eight years before feeling that the anti God nature of public education in my school violated my conscious to such a degree that my work there of trying to be support, quite suddenly did a parabolic flip, and became resistance, via school officials, and so I knew I had reached my sl.
 
Since my wife is the full time teacher of our two children, giving them a Christian,education, I am the sole bread winner. I decided to seek the best paying position I could find. However, due to my location that turned out to be a large manufacturing company where I work twelve hour shifts, on graveyard. Without the spirit of God within me, encouraging me to trust Him, I don't feel I could endure it.
 
However, about a month ago a fellow at work who came by to give us a fifteen minute break mentioned something about penny stocks. For some reason, I was really interested in the comment and began looking into it. Well that turned out to be something I did not want to pursue, but as I was watching a youtube video about a guy discouraging people from penny stocks, he briefly, in half a,breath, mentioned forex. I was so green that I googled 4x. Luckily Google intuited what I meant and suggested forex. Thus began my new path.
Before long, I discovered the paradox strategy in this forum while seeking a strategy tip to begin implementing. I was mesmerized by the paradox. Your philosophy intertwined with technical teachings was seemingly calling to me, though I was so far over my head that I tried to abandon it several times before realizing something that changed it for me. 
 
When I read that you gave the Holy Spirit credit for the creation of this strategy, I knew exactly what you meant. And since,you bore witness to the fact that you were anchored in the most important truth in existence, that of Christ, then I knew I could trust your teaching and strategy. Thus, now I seek no other. If your life is built on the foundation of His truth, then I know this strategy must also be trustworthy.
 
I have been writing notes, demoing, reading and re-reading the posts. An open candle is merely a candle that has not closed, meaning its designated time frame of influence from the market is still on going. I knew that. Not sure why I asked others before asking my self. Perhaps I was too eager to post something that would allow me entrance into this new world of possibilities.
 
I would like for you to know this:at night, somewhere in Texas, there is a man who has his phone opened beside the line, and on this phone is a sparkling ray of hope and providence called the paradox. I read it while working, in between grabbing bits of product and placing them in a tray. And I give a heartfelt thank you to you for sharing this confluence of truth and trading to us, and what's probably more important to you than self praise, is what you have done here also allows me to see the one behind you who is the light of the world. This work through you has brought glory to him.
 
Even though you are not able to teach me anymore, you still are by what you have given here. And it is still nice,to know that you are, from time to time, watching over us, like a hen seeking to gather her chicks. May God continue to bless you sir. 
 
To all other traders, I will focus on learning from,this point on and will try to refrain from any more long speeches. Thanks to everyone living and trading in the moment.
 
 
 
 
 
 
 
 
 

hello your garficos are wrong, I had this problem when I had two accounts at FXCM, I deleted one and I'm just with the timing GMT +3. And you should post graficos only EURJPY, it is very difficult to study this system and believe you will not have any advance observing more pairs

If you enter the graph EUR JPY and see page 203 you will see the same situation that is happening now,

Post 4,044
the divergence working live

Hello

I enjoyed reading your introductory post. Your sure in the right place if you want to learn to trade for a living. As Dana has said, you will have to work for it very hard by studying, studying and studying some more. Then practise, practise and practise again. Your Faith will help you in a big way, that's for sure. There's a lot of naysayers around, but I can tell you that Dana is very genuine in what he says and believes.

Moving on, right click on your chart, select the colours tab and change the grid to white. You will then see an arrow type symbol to the top right of your chart. Move that about until you get the correct bars.

One more thing. Your complete newness to forex can, if you allow it to, have a very positive effect on your learning. You are a blank canvas, with no bad habits and no prior or learned market prejudice or arrogance. That my friend is a very, very positive thing. So work on that basis and stick at it.

Hope that helps.

Thank you Shinny for your comment and help. Greatly appreciated as always.

I always have traders asking what is "confluence". So what does confluence mean in trading?

Trading confluence means a trader is analyzing various indicators providing confirmation of Support and/or Resistance at a similar or same spot on a chart or various charts.

When various indicators are confirming a spot on the chart, or charts to be of importance, then the likelihood of price in fact reacting to this level increases. In general, price moves from one level of support to the next level of resistance, and it is the traders judgment to analyze which levels are worth trading. By having layers of confluence at one spot, the trader improves their ability to understand which levels are critical and worth trading.

Ultimately each concept used when trading should lead to an improved reward to risk balance in relation to the profitability. Trading confluence helps achieve that goal. How does trading confluence achieve that?

Simply put, the reason is this:

1) Each indicator has an expected win rate, expected reward to risk, expected drawdown. These expectations and averages vary from time to time, depending on the market structure. For instance, trending trades work great when the market is moving, but range traders are more successful when the market is having a slower day.

2) By combining indicators, the trader is eliminating the weaknesses of each indicator when used separately. In other words, the trader effectively decreases the risk of relying on one particular technique and thereby receives more confirmation for a setup. When a trader utilizes the confluence concept, a trader can choose to filter out trade setups where multiple indicators are not in harmony and in sync. The trader thereby increases the overall aggregate performance.

That is why finding balance is a vital realization when trading confluence. A balance needs to be found in various elements such as:

How indicators need to be aligned when a trader is using certain indicators, it does not mean that all of them need to be aligned; but they all must meet at support or resistance. Traders can look for a certain mixture of confluence, although this can be better achieved when trading with a discretionary method. Which mix is required can depend on the market structure to enhance results.

Find 3 reasons to take the trade and make sure that their maximum confluences but preferably zero reasons not to take a trade.

The goal is to find a balance and equilibrium when using confluence which matches and fulfills the various goals each one of us has formulated. Multiple time frame analysis can be used for trading confluence as well but must meet the 3 reasons on all charts.

Another element that requires attention is whether there is potential syn-energy between indicators and/or charts or a complete lack of it. For instance, using the MACD to measure whether trend has reached a position of reversing would make little sense if there is no confluence; but looking for divergence however is a different story and does make sense because then you have confluence. However, using Fibonacci retracements and targets to see at which levels the two do match and meet makes perfectly sense and is a great example of trading confluence using well matching indicators.

Bottom line:

Confluence is the real truth in trading as regards with support and resistance. Confluence has no deviation. The market structure always move from resistance to support and vice-versa. It is a constant cycle which places confluence at all levels with two or more indicators flowing separately towards the same spot..

Thanks for the responses! I found the arrow and slid it all the way to the right as far as it will go. I'm not sure though Manin about graficos. I cant seem to find which post you are referring to to fix my issue. I was trying to change the bars to 40 by going to tools>options>charts and that is when the h2 changed. Before it did not look like this. The minimum amount of candles in mt4 at that input is 5000 for the history and chart.



This is my h2 after reload. Does it look alright?





Also, I might as well get this out of the way as well, right here at the beginning. I live in central time, Texas. My broker if forex.com. I want to make sure i am adjusting my time settings correctly. Ive included a screen shot of this. If Forex.com is Pacific time, they would be five hours behind New York time and therefore the offset would need to be at least 5, but Dove, when he intially explained this, mentioned that you may need to add additional hours. Since I am 1 hour behind New York, do I need total number of 6?

Your Graphical this visibly corrupted. You are using two accounts with the same software? because I also had this problem when I added a second account to another time zone. My chart this so. I do not know if it is perfect because I am testing its reliability in FXCM AUD Demo01. but their should be at least similar

I have a live account and a demo account with forex on mt4. Is that the problemo?

Is that a problem????? Well, it is a disaster!!!!

What are you doing with a live account??? You are not even near of trading a live account. You have to be 80% on all your trades before EVEN Thinking of trading a live account. My suggestion is to shut down that live account UNTIL you are ready in about 9 - 12 months from now; provided you spend 8 -12 hours a day of studying. This is not a game trader but real life with real money on a live account.

you can try a demo of another broker and see how it looks. I read here that FxPro, FXCM and Pepperstone are reliable

Of course you are right! There is no money in the live account, I put 50 in but then withdrew it. I didnt want to just give it to them due to my lack of knowledge. I appreciate your admonition on my behalf. I am trying to search the threads for the basic set up issues so as not to clog up the forum with my questions, but I cant figure out why my charts arent showing forty bars. I think it must have something to do with the timezone settings...I have moved the arrow all the way to the right and still it won't show more than around 34 or so.


Thanks again Dove.