The Paradox System | Page 356 | 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

  • #7,101
  • Dec 24, 2016 3:39pm Dec 24, 2016 3:39pm
Quoting dove_alliance
{quote} For almost a year you have been trying to trade the Paradox and still you don't get it. So here is your check list on all scenarios: ENTRY: A. Confluence on one (and/or) two or more charts. B. Off Support for the uptrend and Resistance for the downtrend. C. Sync on two or more charts. EXITS: A. Resistance for an uptrend with a 40+ pip gap from entry. B. Support for a downtrend with a 40+ pip gap from entry. Very simple and that my friend is what should be showing on your trading plan. Its not complicated provided you follow the rules in...
I meant more of things like Shaun was saying like the MACD scenario of entry, I know those basis of entries that you stated but for "hidden" entries or signals is what I mean. Would help with perspective of what we are all seeing, like I looked back and saw the opposite MACD arrows and opened my eyes even more. I'm sure there are countless others within the Paradox that contribute towards the big picture

You are definitely correct about the trading plans also, have helped me see the big picture 100x more effectively. No one doubt the importance and power of them, this is coming from someone who thought they were not necessary and that advanced traders would have no need for them.
  • #7,102
  • Dec 24, 2016 3:41pm Dec 24, 2016 3:41pm
Quoting marian
"The Paradox is very simple and not complicated. It is a process between 6 months and 12 months of full practice and study." This seems to be a contradiction in terms. But maybe it's like learning a foreign language: English is easy and not complicated at all - after you have learnt it.
No contradiction Marian - provided the rules are applied. It is a 6 month process of learning as I have stated throughout this thread in trading the Paradox. With some it will take longer because the majority cannot shred their garbage, or try creating something to fit their own comfort zone, or has no idea in learning outside the box. If traders can only see the true objective in trading, as it really is, then it becomes simple. It is when a trader is subjective to the market is when it becomes complicated. I see traders all over the board being subjective with either lack of faith, lack of confidence, lack of prudence, lack of steadfastness, but most of all - the lack of believing. They are always looking for the "holy grail" and as I have stated: The holy grail lies within each individual which is everything they lack. Most traders do not understand the true secret in trading which lies within "confluence" of what IS HAPPENING, in the "moment", within the market itself. Which is support, resistance, consolidation, and trends. Once a trader has placed it all these objectives together then trading becomes simple.
The Dove - Forex Trainer
  • #7,103
  • Dec 24, 2016 5:29pm Dec 24, 2016 5:29pm
Quoting Paradox7
Hey Daniel it's good to hear from you again, been a while. How is everything? {quote}
Very Good! Thanks to God! and thank you for ask Haris. i have been watching without posting. I tought was "important" to post my personal opinion about the "actual job" before changing to trade for income. And the little help about the 4 monitors set up.

Right now im waiting an hour for go to the Church and then have a good time with my Family and the Family of my girlfriend.

And Thank you to Dana and Shaun that they are gifting his time to us. Take Care everybody and the best wishes to all.
  • #7,104
  • Dec 24, 2016 7:01pm Dec 24, 2016 7:01pm
The recommendation for the position trading was still to wait for flip of fib and Parabolic wasn't it? If we do that we're not generally entering with just the label appearing on DB. It could be quite a lot higher with the current 2H...
So in reality could be when Purple crosses EMA again???
  • #7,105
  • Dec 25, 2016 12:39am Dec 25, 2016 12:39am
Merry Christmas everyone!
Life is too short to have anything but delusional notions about yourself.
  • #7,106
  • Dec 26, 2016 3:29am Dec 26, 2016 3:29am
i've read about position trader and i am into this position trading. I will post about trading plan or attached pic of chart bout position trading when i am home. And I hope i can learn as fast as i can.
  • #7,107
  • Dec 26, 2016 5:04am Dec 26, 2016 5:04am
Quoting ipsilon
The recommendation for the position trading was still to wait for flip of fib and Parabolic wasn't it? If we do that we're not generally entering with just the label appearing on DB. It could be quite a lot higher with the current 2H... So in reality could be when Purple crosses EMA again???
Page 39 near the bottom Dove explains position trading.
http://www.forexfactory.com/showthre...44#post8722144
  • #7,108
  • Edited 3:34pm Dec 26, 2016 6:07am | Edited 3:34pm
I would recommend to anyone trying to understand support and resistance in the Paradox, a post that sticks out as very explanatory. It's a post by Dove explaining the crossing of the parabolics with EMA and ROMAR and is very good revision material. At the bottom of the post is an image that is used and discussed. It works well to copy the image to your PC and opening in a separate window so yo can follow the explanation whilst seeing the image.

http://www.forexfactory.com/showthre...39#post8722039
  • #7,109
  • Dec 27, 2016 2:22am Dec 27, 2016 2:22am
Hi,

On my demo forex . com charts i'm missing some bars of the 26th of december.
I noticed yesterday that between 07:00 and 23:00 GMT no data was refreshed, so now i've got only 6, 2Hr bars on my chart.
Are more people experience this?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 73 KB
  • #7,110
  • Edited 8:30am Dec 27, 2016 3:35am | Edited 8:30am
Here is my plan for today.

Date: 27/12/2016 Time 09:00 GMT
Session: London
News: 15:00 GMT High level news US. Bank holiday in CAN and UK so lighter volumes

Daily:
ROMAR - Support
EMA - Support
PSAR Support but eliminated by White cross of Purple
Check List:
Last MACD : down and holding
Last EMA Alert Arrow: Red for yesterday (last day)
Last DB Attachment: 124.084 at the top, next attachment at the bottom.
Fibo up or down: Down and will not flip for many days.
Notes: Market is very tight in the parablolics. EMA holding support and is very hard to break.

2 HR:
OPEN PRICE - 122.511
ROMAR Resistance just above parabolics.
EMA Resistance and very close to ROMAR
PSAR Just swapped to resistance, but very tight and could easily flip again.
Check List:
Last MACD 0 crossing: up and only just holding positive. Could easily change to negative.
Last EMA Alert Arrow: Green up 10 hours ago. Market has been very stagnant with the Christmas holiday.
Last DB Attachment: 122.286 at the bottom on the 23-Dec.
Last Sar Attachment: 122.661 at the top.
Fibo up or down: Just flipped on the 2h candle, one hour ago at 08:00 GMT. Market would need to climb above123.186 (100%) fibo to flip for the down.
BB: The Bands are close together with 40 pips between ROMAR and lower BB.
Notes: The market has been slow and tight in consolidation over Christmas. ROMAR is hard to break. 2H and daily are not in sync so consolidation.

1 HR:
ROMAR - Resistance
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Green up 8 hours ago- along time.
Fibo up or down: Up but would flip for the down at 122.75 (DB 100%).
Notes: Tight in consolidation between ROMAR and EMA. Purple sliding under Smooth for continuation of the down.

At the point of breakout. H2 and H1 are in sync but against Daily. Market is tight so will likely breakout if enough volume today. Will wait to see which way it goes.

Entry: Long when open above Purple with ROMAR crossing Purple on H2 with all 4 horsemen in line for up.
Short should the FIBS flip and new DB attached at the top for the down and both H2 and H1 in sync.
Notes for readjustments: Check to see if the news at 15:00 changes anything.

This chart was copied at about 09:30 GMT.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 69 KB



I pulled the trigger at 14:00 GMT when my setup of open above Purple/ROMAR cross. Went long for a target of the BB as it was so close. Got 15 pips.
I did enter for the bounce down off BB but closed out early with a small loss as I was not sure it would continue down or not. I'm learning lots here.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH22.png Size: 70 KB
  • #7,111
  • Dec 27, 2016 9:14am Dec 27, 2016 9:14am
In position trading we just look at H2 n daily right?
as dove said before we need minimum 1600x900 resolution monitor, and now i'm away from home, so i just have access to my laptop.
in MT4, I save as picture and set the resolution to 1080p or 900p. is it different when we use the real 1080p monitor compare using "save as picture" on 1366x768 monitor?

this is the screenshot
DAILY CHART
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 84 KB


H2 CHART
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH2.png Size: 144 KB


So in position trading, on H2 theres blue line long term has point in top 122.852 but fibo still green. so we wait until fibo turn red right?
any comment?
Sorry my bad english
  • #7,112
  • Dec 27, 2016 9:31am Dec 27, 2016 9:31am
Quoting Pandakker
Hi, On my demo forex . com charts i'm missing some bars of the 26th of december. I noticed yesterday that between 07:00 and 23:00 GMT no data was refreshed, so now i've got only 6, 2Hr bars on my chart. Are more people experience this? {image}
Trading had closed at 02:00 EST on the 26th and reopened at 18:00 EST on the 26th for the holiday. That is why there are no data on the charts during those hours.
The Dove - Forex Trainer
  • #7,113
  • Dec 27, 2016 9:34am Dec 27, 2016 9:34am
Quoting x360ers
In position trading we just look at H2 n daily right? as dove said before we need minimum 1600x900 resolution monitor, and now i'm away from home, so i just have access to my laptop. in MT4, I save as picture and set the resolution to 1080p or 900p. is it different when we use the real 1080p monitor compare using "save as picture" on 1366x768 monitor? this is the screenshot DAILY CHART {image} H2 CHART {image} So in position trading, on H2 theres blue line long term has point in top 122.852 but fibo still green. so we wait until fibo turn red right?...
All you need to do for now is adjust your charts for 39 bars showing instead of the 42 showing on your charts.
The Dove - Forex Trainer
  • #7,114
  • Dec 27, 2016 9:56am Dec 27, 2016 9:56am
Quoting x360ers
In position trading we just look at H2 n daily right? as dove said before we need minimum 1600x900 resolution monitor, and now i'm away from home, so i just have access to my laptop. in MT4, I save as picture and set the resolution to 1080p or 900p. is it different when we use the real 1080p monitor compare using "save as picture" on 1366x768 monitor? this is the screenshot DAILY CHART {image} H2 CHART {image} So in position trading, on H2 theres blue line long term has point in top 122.852 but fibo still green. so we wait until fibo turn red right?...
There are many scenarios for trading long term and position trading. And it all depends on what you are looking for on either scenarios. So tell me what it is you are looking for?
The Dove - Forex Trainer
  • #7,115
  • Dec 27, 2016 9:58am Dec 27, 2016 9:58am
Quoting x360ers
In position trading we just look at H2 n daily right? as dove said before we need minimum 1600x900 resolution monitor, and now i'm away from home, so i just have access to my laptop. in MT4, I save as picture and set the resolution to 1080p or 900p. is it different when we use the real 1080p monitor compare using "save as picture" on 1366x768 monitor? this is the screenshot DAILY CHART {image} H2 CHART {image} So in position trading, on H2 theres blue line long term has point in top 122.852 but fibo still green. so we wait until fibo turn red right?...

If I am not mistaken, your feed is not from forex com.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #7,116
  • Dec 27, 2016 10:05am Dec 27, 2016 10:05am
Quoting Jaymantos
{quote} If I am not mistaken, your feed is not from forex com.
And you are not mistaken. He does have the wrong feed. Thank you.
The Dove - Forex Trainer
  • #7,117
  • Dec 27, 2016 10:13am Dec 27, 2016 10:13am
Quoting dove_alliance
{quote} There are many scenarios for trading long term and position trading. And it all depends on what you are looking for on either scenarios. So tell me what it is you are looking for?
im looking for the top of swing
I look at Daily chart DB sar attached at 124.092 fibo red, so the next is i think db sar low.
at H2 there's blue line pointing top but i see there's db sar low at 122.195 so the next db sar high.

sorry if my english make confuse

Quoting dove_alliance
{quote} All you need to do for now is adjust your charts for 39 bars showing instead of the 42 showing on your charts.
Im using my laptop so, i cant adjust it to39 bar, because i'm still away from home.

Quoting Jaymantos
{quote} If I am not mistaken, your feed is not from forex com.
Yes, you are right, i'm using my laptop for now, the main computer at home. so, i just create demo not from foex.com
  • #7,118
  • Dec 27, 2016 10:37am Dec 27, 2016 10:37am
Quoting x360ers
{quote} im looking for the top of swing I look at Daily chart DB sar attached at 124.092 fibo red, so the next is i think db sar low. at H2 there's blue line pointing top but i see there's db sar low at 122.195 so the next db sar high. sorry if my english make confuse {quote} Im using my laptop so, i cant adjust it to39 bar, because i'm still away from home. {quote} Yes, you are right, i'm using my laptop for now, the main computer at home. so, i just create demo not from foex.com
My two cents :

I believe a critical step for learning this system is to do it over and over in the same condition of learning. I.e. Not scatter having multiples demo account, taking trades ''just to see what happen'' and/or some days trading on the laptop the other day on the pc. etc.

Day in day out I make a plan in the room I dedicate for trading; it has to be quiet and the conditions for learning has to be met; having the right feed is one of those conditions. Using the same computer is also one of them imo. (Also : being well rested, eating properly, drinking lots of water, taking breaks from the study to go outside and oxygenate the brain, etc. etc.).

I fold this plan at the same place everytime. And most importantly I revisit those plan once the week is over. The ones that failed are the most important to revisit because they tell you what not to do.

At the risk to look like a ''know it all'', this is my two cents to you.

Peace.

P.S. (I don't know it all I'm still deep in the learning process).

Quoting dove_alliance
{quote} And you are not mistaken. He does have the wrong feed. Thank you.
I'm happy if I can help
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #7,119
  • Dec 27, 2016 10:49am Dec 27, 2016 10:49am
Quoting x360ers
{quote} im looking for the top of swing I look at Daily chart DB sar attached at 124.092 fibo red, so the next is i think db sar low. at H2 there's blue line pointing top but i see there's db sar low at 122.195 so the next db sar high. sorry if my english make confuse {quote} Im using my laptop so, i cant adjust it to39 bar, because i'm still away from home. {quote} Yes, you are right, i'm using my laptop for now, the main computer at home. so, i just create demo not from foex.com
Before you attempt any position trading wait until you get home with your main computer. For one thing position trading is with Daily Trend. Which means the beginning of a trend and not the ending of one. We are in a daily consolidation and position trading is out of the question until the Daily is set for another trend going down. This also means your trading charts has to be perfectly balanced; which they are not.
The Dove - Forex Trainer
  • #7,120
  • Dec 27, 2016 10:54am Dec 27, 2016 10:54am
Quoting Jaymantos
{quote} My two cents : I believe a critical step for learning this system is to do it over and over in the same condition of learning. I.e. Not scatter having multiples demo account, taking trades ''just to see what happen'' and/or some days trading on the laptop the other day on the pc. etc. Day in day out I make a plan in the room I dedicate for trading; it has to be quiet and the conditions for learning has to be met; having the right feed is one of those conditions. Using the same computer is also one of them imo. (Also : being well...
You have learned well Jay and your advice is critical for every trader. And I thank you again. God bless.
The Dove - Forex Trainer
7 traders viewing now