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The Paradox System

  • #6,981
  • Dec 21, 2016 8:34am Dec 21, 2016 8:34am
Quoting Clip75
{quote} Your absolutely right. I got a little carried away "in the moment" seeing that we bought and sold very close to each other and in the holiday spirit. No disrespect meant to the thread. Appreciate the words of advice as this is not a game and am slowly making a transition to full time trader. The dual was my input and not Paradox7 so my fault. I had a little chuckle over it.
Don't get me wrong, I'm not been a killjoy, just don't let it turn into a cavalier attitude
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #6,982
  • Dec 21, 2016 8:49am Dec 21, 2016 8:49am
Quoting Clip75
{quote} Yes sir. I stuck with door number one just for a little holiday fun. Bad trade or not Dove did say 80% plus. I've won the last 8 trades in a row so it musta been time. Congratulations!!!
Scalping is not 80% --- The 40/40 rule is 80%. You have a long ways to go.
The Dove - Forex Trainer
  • #6,983
  • Dec 21, 2016 9:04am Dec 21, 2016 9:04am
Quoting dove_alliance
{quote} Scalping is not 80% --- The 40/40 rule is 80%. You have a long ways to go.
Gotcha. A lot of those were 30 pips and a few 40 so ya I know I gotta a lot of work to do. Thanks again for the tips.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,984
  • Dec 21, 2016 9:13am Dec 21, 2016 9:13am
Traders - your trading plan would had been very easy in this consolidation for 40 pips. The reason is because both H1 and H2 were showing the short with ROMAR sliding over EMA. The entry going short was off the ROMAR Hit. Consolidation is the easiest to trade. The visual was there on both charts and all you had to do was take the trade at ROMAR resistance and then let it go. Learn to us the Power of the Paradox and not your own instincts.
The Dove - Forex Trainer
  • #6,985
  • Dec 21, 2016 9:13am Dec 21, 2016 9:13am
Hello Traders

I traded today which is my last day until 2017. And to finish the year I made a mistake with a late entry!

Below is a snippet from my plan from early this morning. And because I wasn't 100% focused on trading, running around getting stuff ready to fly to the UK tomorrow, I missed my entry by 10 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: 211216 Plan Snippet.jpg Size: 28 KB


So I entered about 10 pips higher than I had planned on doing, it was a risk/mistake but I had some room to move north, so the plan was to move my stop up.

I did manage to get +40, but it wasn't great trading as I chased the market. But we all make mistakes that's for sure.

Attached Image (click to enlarge)
Click to Enlarge Name: ej 211216.jpg Size: 393 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 211216 print.jpg Size: 5 KB


I hope you have all had a good day - we have had huge storms here in Cyprus today, I hope they calm down before we fly tomorrow!!!

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #6,986
  • Dec 21, 2016 9:21am Dec 21, 2016 9:21am
Shinny my friend - you have a great Holiday with your family and enjoy life to the fullest. See you when you get back. Take good care and God Bless you and your family.
The Dove - Forex Trainer
  • #6,987
  • Dec 21, 2016 9:25am Dec 21, 2016 9:25am
Quoting dove_alliance
{quote} Scalping is not 80% --- The 40/40 rule is 80%. You have a long ways to go.
Can I ask one question? With the 40/40 rule I see that you've mentioned moving your stop to B/E after 20 and to clean up trades with purple/white crossing. Is that just something for more experienced traders? I'm always keeping an eye on my trade because of this but the ones I totally walk away from go the 40. Me watching that screen is not healthy.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,988
  • Dec 21, 2016 9:33am Dec 21, 2016 9:33am
Quoting Clip75
{quote} Can I ask one question? With the 40/40 rule I see that you've mentioned moving your stop to B/E after 20 and to clean up trades with purple/white crossing. Is that just something for more experienced traders? I'm always keeping an eye on my trade because of this but the ones I totally walk away from go the 40. Me watching that screen is not healthy.
That was for the traders that were trading the 40/40 rule and letting it ride with experience. You don't have to sit at the computer all day long. Once you have learn to make a good trading plan - then wait for the entry - pull the trigger and forget about it and do something else. Sitting and watching your trade is not going to change the outcome; but only place more stress on yourself without confidence.
The Dove - Forex Trainer
  • #6,989
  • Dec 21, 2016 9:37am Dec 21, 2016 9:37am
Like I have said many times - trading is not about making money. It is about learning the skill of being a trader. When you start looking for short-cuts and making excuses is when you get into trouble. After you have gain the skill of a trader is when you can start thinking about the money.
The Dove - Forex Trainer
  • #6,990
  • Dec 21, 2016 9:58am Dec 21, 2016 9:58am
Quoting dove_alliance
Like I have said many times - trading is not about making money. It is about learning the skill of being a trader. When you start looking for short-cuts and making excuses is when you get into trouble. After you have gain the skill of a trader is when you can start thinking about the money.
So are you basically saying check our motives and if becoming a great trader isn't in them then move on correct? Last night although my trade lost I made a plan, stuck with it and at the end of it I evaluated and realized my mistake, learned from it and felt it was successful due to that. These are the correct steps and not panic and get out right?
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,991
  • Dec 21, 2016 10:10am Dec 21, 2016 10:10am
Quoting dove_alliance
Shinny my friend - you have a great Holiday with your family and enjoy life to the fullest. See you when you get back. Take good care and God Bless you and your family.
Thank you very much Dana. I hope you have a very good and blessed Christmastime and a healthy and happy 2017.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #6,992
  • Dec 21, 2016 10:17am Dec 21, 2016 10:17am
Quoting Clip75
{quote} So are you basically saying check our motives and if becoming a great trader isn't in them then move on correct? Last night although my trade lost I made a plan, stuck with it and at the end of it I evaluated and realized my mistake, learned from it and felt it was successful due to that. These are the correct steps and not panic and get out right?
Pretty much so. A lot of new traders come into the forex thinking only about getting rich; not realizing the forex is a Trojan in the wake of taking everything they got. There are traders on this forum that has been here for a decade or more still trying to find a way of getting rich - jumping from one system to another in the hunt for the "holy grail". Not realizing the holy grail lies within themselves if only they learn the skills of becoming a trader. There is no easy way of becoming financially stable in the forex unless you dedicated yourself into reality that the forex is an education of learning the true skills of a trader. Attitude is everything.
The Dove - Forex Trainer
  • #6,993
  • Dec 21, 2016 10:27am Dec 21, 2016 10:27am
Quoting dove_alliance
{quote} Pretty much so. A lot of new traders come into the forex thinking only about getting rich; not realizing the forex is a Trojan in the wake of taking everything they got. There are traders on this forum that has been here for a decade or more still trying to find a way of getting rich - jumping from one system to another in the hunt for the "holy grail". Not realizing the holy grail lies within themselves if only they learn the skills of becoming a trader. There is no easy way of becoming financially stable in the forex unless you dedicated...
Ok. I will keep writing plans and trading. And I'll know when I'm ready for the real world once you say stop posting your plans. Thanks for taking the time.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #6,994
  • Dec 21, 2016 10:44am Dec 21, 2016 10:44am
Quoting Clip75
{quote} Ok. I will keep writing plans and trading. And I'll know when I'm ready for the real world once you say stop posting your plans. Thanks for taking the time.
Once you entered a trade let it run its course. It matters not if it becomes a winner or a loser. This is the only way you can learn is from your trading plans. Taking for granted you know everything is a mistake. There is not a week go by that I haven't learned something about the Paradox and trading. It is an endless experience and education. You always have to be open minded about everything with trading; and it should also be like that in life. Being bias about trading is also a mistake. And the reason is because the market is always right and never bias.
The Dove - Forex Trainer
  • #6,995
  • Dec 21, 2016 11:01am Dec 21, 2016 11:01am
Quoting dove_alliance
{quote} Once you entered a trade let it run its course. It matters not if it becomes a winner or a loser. This is the only way you can learn is from your trading plans. Taking for granted you know everything is a mistake. There is not a week go by that I haven't learned something about the Paradox and trading. It is an endless experience and education. You always have to be open minded about everything with trading; and it should also be like that in life. Being bias about trading is also a mistake. And the reason is because the market is always...
This is very valuable to me, thank you Dove.
  • #6,996
  • Dec 21, 2016 12:26pm Dec 21, 2016 12:26pm
Hi Dove,

I have been reading through the paradox system and trying to grasp the system and the method of trading. I am just into the initial 20 pages of the thread. I feel this doubt should get cleared for me so that i have a clear understanding . I seek your guidance to help me understand clearly the difference between crossing through and sliding through with a pic which would help me to distinguish between the two.

I hope you understand my difficulty and spare some time to guide me.
  • #6,997
  • Dec 21, 2016 1:04pm Dec 21, 2016 1:04pm
I noticed that on the 2H chart the SAR and DB are under each other for the past 4 days. I know the SAR swings mark minor swings within the DB trend. Its not been separate for 4 days and this is unusual?
  • #6,998
  • Dec 21, 2016 1:16pm Dec 21, 2016 1:16pm
Quoting nigpig
I noticed that on the 2H chart the SAR and DB are under each other for the past 4 days. I know the SAR swings mark minor swings within the DB trend. Its not been separate for 4 days and this is unusual?

Well thats's not 100% true.
This morning (in my timezone) at some point the SAR was away from DB.
See attachment.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 73 KB


Later this day market went down and around the daily PSAR DB attached together with SAR on H2. (nice entry point btw)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 73 KB


So yes at this moment it looks like DB and SAR did not separate, but in the moment they have been separated.

Hope this helps.
  • #6,999
  • Dec 21, 2016 1:19pm Dec 21, 2016 1:19pm
Yes, but that was before DB attached. SAR is the minor swing and DB the major. SAR ends up under DB in major if the two agree. But there was no minor swings so just wondering why this happens and if it means anything.
  • #7,000
  • Dec 21, 2016 1:28pm Dec 21, 2016 1:28pm
Quoting nigpig
Yes, but that was before DB attached. SAR is the minor swing and DB the major. SAR ends up under DB in major if the two agree. But there was no minor swings so just wondering why this happens and if it means anything.
I'm not sure what you are looking for. Maybe I misunderstood your question.

Let's see if someone else has an answer.
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