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The Paradox System

  • #7,141
  • Dec 28, 2016 7:43am Dec 28, 2016 7:43am
Quoting Contrax
{quote} The Highest point is 123.229, u should hit the TP isnt?

Well.. I did not trade during asia. I entered during european session (around 04:00 EST to be more accurate). There's a place on my plan where it is written 03:00 above adjustment... meaning I adjusted my plan at 03:00 EST.

I made my plan at the new Daily candle on 27th. I then went to bed as usual and readjusted when I woke up at 03:00 on 28th, then entered the market according to my plan.

It's my first EurJpy plan in a long time and my schedule is aligned with european session... please bear with me

For one I made my plan too early for the session I planned to trade?
Second, the asian session is ''better'' as stated by Dana earlier this week (because of the news spread). But my schedule does not allow me to trade it right now...
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #7,142
  • Dec 28, 2016 8:48am Dec 28, 2016 8:48am
Quoting Jaymantos
{quote} Well.. I did not trade during asia. I entered during european session (around 04:00 EST to be more accurate). There's a place on my plan where it is written 03:00 above adjustment... meaning I adjusted my plan at 03:00 EST. I made my plan at the new Daily candle on 27th. I then went to bed as usual and readjusted when I woke up at 03:00 on 28th, then entered the market according to my plan. It's my first EurJpy plan in a long time and my schedule is aligned with european session... please bear with me For one I made my plan too...
Yes Jay - you waited on the turn and then traded long in the turn. Below is the remarks on my trading plan which was all about support and confluence. I pulled the trigger right on top of the open 17:00 ET bar.
Attached Image (click to enlarge)
Click to Enlarge Name: 12-27-16 Entry.PNG Size: 17 KB
The Dove - Forex Trainer
  • #7,143
  • Dec 28, 2016 9:32am Dec 28, 2016 9:32am
Quoting dove_alliance
{quote} Yes Jay - you waited on the turn and then traded long in the turn. Below is the remarks on my trading plan which was all about support and confluence. I pulled the trigger right on top of the open 17:00 ET bar. {image}
I appreciate your answer and in fact, I was hoping for it :-)

It gives me confidence to have a reachable and experimented trader at my side.

A question I have is : How do you ''work'' your entry? let me explain :

Do you usually wait for a retrace of some sort before taking an entry (i.e. a retrace to PSAR or EMA support) or is it just when the trading range (the BB's) are very narrow and you need to work out the space to include your entry within the trading range? Or if the BB's are very narrow, you dont even bother trading it...

And with the same logic, when the BB's are expended (like yesterday) you don't bother waiting for a retrace, you just pull the trigger because you know the entry is included in the trading range and will hit T/P.

I hope my question makes sense and is not ridicule (it is keeping me from asking questions sometimes : not wanting to sound stupid)!

Thanks you many times and God Bless!
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #7,144
  • Dec 28, 2016 9:46am Dec 28, 2016 9:46am
Quoting Jaymantos
{quote} I appreciate your answer and in fact, I was hoping for it :-) It gives me confidence to have a reachable and experimented trader at my side. A question I have is : How do you ''work'' your entry? let me explain : Do you usually wait for a retrace of some sort before taking an entry (i.e. a retrace to PSAR or EMA support) or is it just when the trading range (the BB's) are very narrow and you need to work out the space to include your entry within the trading range? Or if the BB's are very narrow, you dont even bother trading it... And with...
Jay - the "retrace" was the open at 2hr Smooth Support with all charts in confluence. On that entry you had 26 pips to the last resistance to trigger the Green Divergence. The BB's were opening from a constricted state of consolidation, so Dana traded the pullback from the Breakout of the previous consolidation knowing there was going to be continuation north to trip the Green Divergence again.

Most often after the upper BB hit you'll get the retrace to EMA or in this case just Smooth and that is your entry.

Try not to over think it!

Oh - and just about all questions you can ask won't be stupid, so don't let that put you off asking them.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,145
  • Dec 28, 2016 9:51am Dec 28, 2016 9:51am
Date: 12/28/16

Daily:
ROMAR: Support
EMA: Resistance
PSAR: Support

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 124.083
Fibo up or down: Down

2 HR:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 123.232
Fibo up or down: Up

1 HR:
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 123.232
Fibo up or down Up

Trade: Short trade entry @ 122.391 with H2 & H1 in agreement. Only concern is the D1 PSAR.
Note: Using TV monitor so charts will not be the same per Dove.

Did I do anything incorrect or correct for that matter?
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-28_1150.png Size: 73 KB
  • #7,146
  • Dec 28, 2016 9:53am Dec 28, 2016 9:53am
Quoting shinny
{quote} Jay - the "retrace" was the open at 2hr Smooth Support with all charts in confluence. On that entry you had 26 pips to the last resistance to trigger the Green Divergence. The BB's were opening from a constricted state of consolidation, so Dana traded the pullback from the Breakout of the previous consolidation knowing there was going to be continuation north to trip the Green Divergence again. Most often after the upper BB hit you'll get the retrace to EMA or in this case just Smooth and that is your entry. Try not to over think it! Oh...
Alright , this is much appreciated Shaun!

With this newly acquired knowledge I will go and try to turn it into wisdom !

If I have more questions I will make sure to remember what you told me !

God Bless!
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #7,147
  • Dec 28, 2016 10:43am Dec 28, 2016 10:43am
Quoting Jaymantos
{quote} I appreciate your answer and in fact, I was hoping for it :-) It gives me confidence to have a reachable and experimented trader at my side. A question I have is : How do you ''work'' your entry? let me explain : Do you usually wait for a retrace of some sort before taking an entry (i.e. a retrace to PSAR or EMA support) or is it just when the trading range (the BB's) are very narrow and you need to work out the space to include your entry within the trading range? Or if the BB's are very narrow, you dont even bother trading it... And with...
To start with - as Shaun was saying with the retrace back to EMA off the BB - had brought everything into confluence for a trade going long. My entry with the 17:00 open candle had opened between Smooth and EMA with a few pips between them both. So if a retrace had happened on the opening then EMA was there to stop it. But there was no retrace; it opened and continue straight up.

I always trade the Asia session as 90% of my entries are with the Asia session. The reasoning is mostly to do with the New Data for the next 24 hours after the 17:00 ET mark. This is one reason every trader should reboot their platform after 17:00 for the new Data. My trading consist of 100% confluence. And at 17:00 the confluence is there, or just about there. This is one reason I try to create my trading plan at 16:30 ET for the new daily opening; or the weekend before Sunday's opening. This way I will know if confluence is set up or, about when it will show up. And by creating my plan beforehand I am able to see everything for the 17:00 bar. So too answer your question in how I set up my trades is with confluence.

Confluence is 100% accurate with the Paradox. If confluence is set up for an uptrend then that is the way the market is going to go - and vice-versa. And believe me; nothing will stop the confluence from taking off. As I have stated many times: Confluence is the secret with trading. And as far as I can tell the Paradox is the only system that can create confluence properly for trading.
The Dove - Forex Trainer
  • #7,148
  • Dec 28, 2016 1:03pm Dec 28, 2016 1:03pm
Quoting Jaymantos
{quote} Well.. I did not trade during asia. I entered during european session (around 04:00 EST to be more accurate). There's a place on my plan where it is written 03:00 above adjustment... meaning I adjusted my plan at 03:00 EST. I made my plan at the new Daily candle on 27th. I then went to bed as usual and readjusted when I woke up at 03:00 on 28th, then entered the market according to my plan. It's my first EurJpy plan in a long time and my schedule is aligned with european session... please bear with me For one I made my plan too...
I mean, you say:

Quote
"ENTRY : Following my plan I took a long entry from the 2H PSAR (almost, just above) for 20 pips. Price : 122,819. Reason : 2H is still in uptrend and target is included under White touching Purple."

Your Entry Price Market for buy is: 122.819 and the Highest Price today was 123.229.

That is 41pips aprox. (More of 40 pips) Your target should fill. (In buy, your entry price already include the spread).

My entry was 122.823 and my target fill at 123.223. (almost and it didnt catch )
  • #7,149
  • Dec 28, 2016 2:14pm Dec 28, 2016 2:14pm
Quoting Contrax
{quote} I mean, you say: {quote} Your Entry Price Market for buy is: 122.819 and the Highest Price today was 123.229. That is 41pips aprox. (More of 40 pips) Your target should fill. (In buy, your entry price already include the spread). My entry was 122.823 and my target fill at 123.223. (almost and it didnt catch )
You didn't read his trading plan correctly. He didn't enter a trade on his plan until 03:00 this morning. At that time the market was turning for the short and he went long. That is how he lost his trade.
The Dove - Forex Trainer
  • #7,150
  • Dec 28, 2016 3:19pm Dec 28, 2016 3:19pm
Quoting pip-boss
Date: 12/28/16 Daily: ROMAR: Support EMA: Resistance PSAR: Support Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 124.083 Fibo up or down: Down 2 HR: ROMAR: Resistance EMA: Resistance PSAR: Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 123.232 Fibo up or down: Up 1 HR: ROMAR: Resistance EMA: Resistance PSAR: Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 123.232 Fibo up or down Up Trade: Short trade entry @...
Pip-hoss - I have no idea what is all over your chart with lines that don't attach and dots all everywhere but they sure do not belong there. I have no idea what broker you got your MT4 from but I can see that platform is compromised.
The Dove - Forex Trainer
  • #7,151
  • Dec 29, 2016 4:21am Dec 29, 2016 4:21am
Quoting dove_alliance
{quote} To start with - as Shaun was saying with the retrace back to EMA off the BB - had brought everything into confluence for a trade going long. My entry with the 17:00 open candle had opened between Smooth and EMA with a few pips between them both. So if a retrace had happened on the opening then EMA was there to stop it. But there was no retrace; it opened and continue straight up. I always trade the Asia session as 90% of my entries are with the Asia session. The reasoning is mostly to do with the New Data for the next 24 hours after the...
I'm currently working on flipping my schedule. I will go to sleep later and wake up a bit later.

I really start to understand what is going on after almost a year of trading this system on a demo account and experimenting it onto another currency for 3 months+. I think it might have been detrimental to my short term success with the paradox (jumping from eurjpy ti another then back) but it helped me understand it on a deeper level and to really settle things correctly before I really jump into live trading.

I'm for one very lucky to simply have access to it. (One would argue that it is not luck, but that is not my point for here)
I know my ''chance'' and I tremendously appreciative of all the work you (and Shaun ) put together to help other traders and me included.

What this system does is incredible, it allows one to ''see''.

God Bless Us All!

****************************************************************

Here's my plan for yesterday's Sydney open :

Date: 28th of december into 29th of december (EST)
Asian session
17 :05

Daily:
ROMAR - Support
EMA - Support sliding with the Horsemen
PSAR – Support sliding with the Horsemen

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow – Down
Last DB Attachment – 124,084
Fibo up or down - Down

Notes: Last EMA crossing happened down on the previous Bar and SAR pointing Down is attached on the current Bar. Current Bar is about to close below the EMA and PSAR Slider, it will flip the PSAR in doing so. MACD is well below zero since 11th of the month.

2 HR:
OPEN PRICE -
ROMAR - Resistance
EMA – Resistance with the Horsemen
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - Down
Last DB Attachment – 121,821
Fibo up or down - Up

Notes: EMA has been cross Down then MACD crossed its zero Down. The trading range is opened and the BB’s have not been hit yet. The light sky blue divergence is attached without the golden one.


1 HR:
ROMAR - Resistance
EMA – Resistance with the Horsemen
PSAR - Resistance

Check List:
Last MACD 0 crossing - Down
Last EMA Alert Arrow - down
Last DB Attachment – 121,822
Fibo up or down - Up

Notes: 1H is in sync with the 2H with DB attachment and 0 of the fibo being kicked lower and lower. BB’s are opened down expanding the trading range to oblivion.

Final Notes: We’re in a full blown downtrend with the Daily waiting on its PSAR to flip with the SAR attached down showing the way there. The golden divergence is not attached on 2H meaning market will likely continue in the down trend after a retrace towards the 2H Smooth and/or EMA.


Entry:
Consolidation:
Long:
Short: I will take a short entry for 40/40 with market retracing towards the 2H Smooth or EMA because with the volatility of a downtrend the 2H is more accurate as a reference. And because the BB has not been hit I will take the trade at Smooth.

Adjustment on Plan:
21 :33
Entry from 2H Smooth (‘’balance’’ was finally settled). @121,953
06 :52
Closed at B/E +8
Reason : Golden divergence showed up.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 68 KB


(all the sessions vertical lines are showing and the dodger blue line is the level at which I took my entry using a demo account from another broker)

God Bless!
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #7,152
  • Dec 29, 2016 8:32am Dec 29, 2016 8:32am
Quoting Jaymantos
{quote} I'm currently working on flipping my schedule. I will go to sleep later and wake up a bit later. I really start to understand what is going on after almost a year of trading this system on a demo account and experimenting it onto another currency for 3 months+. I think it might have been detrimental to my short term success with the paradox (jumping from eurjpy ti another then back) but it helped me understand it on a deeper level and to really settle things correctly before I really jump into live trading. I'm for one very lucky to simply...
Here is my final notes from yesterday's trading plan. You will notice how I was seeing the consolidation and the ranging.
Attached Image (click to enlarge)
Click to Enlarge Name: FINAL NOTES.PNG Size: 47 KB
The Dove - Forex Trainer
  • #7,153
  • Dec 29, 2016 9:15am Dec 29, 2016 9:15am
Makes me worry a bit, what we do , when MT4 will be replaced with MT5......
  • #7,154
  • Dec 29, 2016 9:27am Dec 29, 2016 9:27am
OK traders - on both the H1 and H2 you see 4 price labels showing which represents the ranging marks. At 03:00 ET this morning the lower Fibo was bumped and entry should had been taken at that level for a ranging of 40 pips. The actual lower ranging mark for the upper mark was 65 pips. And the reason for the ranging is because of the 141 pip drop. On an uptrend the mode is swinging and on a downtrend it is ranging. There is a difference between the both. On swings it is about the 4 Horsemen; and on ranging it is about support and resistance; and the Labels will give you those levels.
The Dove - Forex Trainer
  • #7,155
  • Dec 29, 2016 9:31am Dec 29, 2016 9:31am
Quoting BlackNapkins
Makes me worry a bit, what we do , when MT4 will be replaced with MT5......
The MT5 is not a replacement for the MT4. It is only another platform for MetaTrader. Some broker offer both and other brokers offer only the MT4. In reality there is nothing to worry about.
The Dove - Forex Trainer
  • #7,156
  • Dec 29, 2016 9:40am Dec 29, 2016 9:40am
Quoting dove_alliance
OK traders - on both the H1 and H2 you see 4 price labels showing which represents the ranging marks. At 03:00 ET this morning the lower Fibo was bumped and entry should had been taken at that level for a ranging of 40 pips. The actual lower ranging mark for the upper mark was 65 pips. And the reason for the ranging is because of the 141 pip drop. On an uptrend the mode is swinging and on a downtrend it is ranging. There is a difference between the both. On swings it is about the 4 Horsemen; and on ranging it is about support and resistance; and...
Can you please post a screen shot if it's not to much trouble? Thank you Mr. Dove.
  • #7,157
  • Dec 29, 2016 9:45am Dec 29, 2016 9:45am
Quoting pip-boss
{quote} Can you please post a screen shot if it's not to much trouble? Thank you Mr. Dove.
Screen shot of what? Your chart I am referring too with dots all over it. If so - then go back to your chart and see what I am talking about. Besides - you have a platform that is compromised.
The Dove - Forex Trainer
  • #7,158
  • Dec 29, 2016 9:45am Dec 29, 2016 9:45am
Quoting dove_alliance
{quote} The MT5 is not a replacement for the MT4. It is only another platform for MetaTrader. Some broker offer both and other brokers offer only the MT4. In reality there is nothing to worry about.
Dove, this information kicked me to ask the question....
http://www.forexfactory.com/news.php?do=news&id=615189
  • #7,159
  • Edited 10:01am Dec 29, 2016 9:48am | Edited 10:01am
Quoting dove_alliance
{quote} Screen shot of what? Your chart I am referring too with dots all over it. If so - then go back to your chart and see what I am talking about. Besides - you have a platform that is compromised.
# Post 7,156
  • #7,160
  • Dec 29, 2016 9:48am Dec 29, 2016 9:48am
Quoting BlackNapkins
{quote} Dove, this information kicked me to ask the question.... http://www.forexfactory.com/news.php?do=news&id=615189
Well that's only a bad thing if your broker or in the Paradox case forex dot com stop using it.

There wont be further updates, so that's not a bad thing. I personally cannot see brokers abandoning MT4, its too embedded in traders toolbox.

I suppose we will see what happens.
Nobody can be told what The Matrix is. You'll have to see it yourself.
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