The Paradox System | Page 371 | 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

  • #7,401
  • Jan 9, 2017 7:43am Jan 9, 2017 7:43am
Self Evaluation after trade. Please any comments very much appreciated

Entry: Entered short with confluence of Daily Sar and contour line along with H2 and H1 divergence and db plus sars at 123.560 .
Consolidation: I am trading against trend due to Daily in consolidation and confluence of resistance and all fibs red.
Long:
Short:123.560
Notes for readjustments:
Trade Result: +40 pips
Notes for Evaluation: Relied solely on fact that Daily chart paradox resistance and 3 red fibs would hold for 40 pips which took me out of the moment never the less I followed my plan and got it to my surprise. Looking back at the chart I have a quick question for Dana or Shinny. I see that on H2 the market had 3 retraces and then on the fourth which I was in it went all the way to 61.8 fib. Wasn't there a lesson about 3 retraces in consolidation and then it goes to 61.8. This was Daily consolidation but not H2 so I'm not sure about that lesson(showing in second pic)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy trade.png Size: 3 KB
Click to Enlarge Name: eurjpy.png Size: 64 KB
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,402
  • Jan 9, 2017 8:23am Jan 9, 2017 8:23am
Hi, Clip75, May I ask you what broker are you using?

My Daily chart quite different from you

Regards,
Keith
Keith
  • #7,403
  • Jan 9, 2017 8:27am Jan 9, 2017 8:27am
Quoting Clip75
Self Evaluation after trade. Please any comments very much appreciated Entry: Entered short with confluence of Daily Sar and contour line along with H2 and H1 divergence and db plus sars at 123.560 . Consolidation: I am trading against trend due to Daily in consolidation and confluence of resistance and all fibs red. Long: Short:123.560 Notes for readjustments: Trade Result: +40 pips Notes for Evaluation: Relied solely on fact that Daily chart paradox resistance and 3 red fibs would hold for 40 pips which took me out of the moment never the less...
Hello mate

As Dana said before, you counter traded the Parabolic Trend. You got lucky this time, but take it as a lesson learned. The entry was the open at Smooth on the 2hr chart, for a straightforward 40 pips.

Regarding the 3 retraces question, usually in an upward move, it does seem to retrace 3 times, but it depends on the Divergence and MACD. Once the MACD gets ready to cross back the other way, you need to be very careful of going long. And its usually when you get the open below Smooth that is your first warning. Spend some time scrolling through charts and you will see it.

We can't ever assume anything though, we just take note of it on our plans and trade what we see.

However, over time you will see that there are entries that occur in pretty much exactly the same way, when moving from down to up, up to down and in consolidation. And once you get used to that, you will know what to expect is going to happen, which makes trading the Paradox a lot easier and stress free.

But like I said, you got away with that today. I'd consider it a lost trade for learning purposes, because 9/10 times your going to get burned doing that.

Hope that helps.
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,404
  • Jan 9, 2017 8:28am Jan 9, 2017 8:28am
Quoting bonkjovi
Hi, Clip75, May I ask you what broker are you using? My Daily chart quite different from you Regards, Keith
Post your chart please.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,405
  • Jan 9, 2017 8:35am Jan 9, 2017 8:35am
Shaun,

Here is my Daily chart,
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 263 KB
Keith
  • #7,406
  • Jan 9, 2017 8:36am Jan 9, 2017 8:36am
Quoting Jaymantos
Screenshot1.png;2130765 EURJPYproH2.png;2130766 {image} {image}
I did not enter the market as it was just beginning to turn when I got to sleep and woke up to a blown up downtrend (db at 122,527).
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #7,407
  • Jan 9, 2017 8:41am Jan 9, 2017 8:41am
Quoting Clip75
Self Evaluation after trade. Please any comments very much appreciated Entry: Entered short with confluence of Daily Sar and contour line along with H2 and H1 divergence and db plus sars at 123.560 . Consolidation: I am trading against trend due to Daily in consolidation and confluence of resistance and all fibs red. Long: Short:123.560 Notes for readjustments: Trade Result: +40 pips Notes for Evaluation: Relied solely on fact that Daily chart paradox resistance and 3 red fibs would hold for 40 pips which took me out of the moment never the less...
I 'll give my evaluation of your entry along with Shaun's. The entry was totally against the trend. You had already been about -20 when the economic releases had came out. The numbers went against the releases and went short. That was the only reason you got your trade. If the news was with the numbers then you would had lost. That is why you never trade during the releases. So you just got lucky. The actual entry for going long was yesterday's opening with the hit on the H1 EMA and the H2 Smooth for 40. And Shaun gave the rest to you, and I hope this helps also concerning the releases..

OK - I'm gone for the day.
The Dove - Forex Trainer
  • #7,408
  • Jan 9, 2017 8:43am Jan 9, 2017 8:43am
Quoting bonkjovi
Shaun, Here is my Daily chart, {image}
You need to be using forex.com charts, it will show EURJPYpro as the instrument, whereas your charts doesn't show that.

This is a basic requirement and its mentioned a lot in this thread, so I have no idea how you have missed it.

Here is the link: http://www.forex.com/uk/metatrader-demo.html
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,409
  • Jan 9, 2017 8:55am Jan 9, 2017 8:55am
Quoting shinny
{quote} Regarding the 3 retraces question, usually in an upward move, it does seem to retrace 3 times, but it depends on the Divergence and MACD. Once the MACD gets ready to cross back the other way, you need to be very careful of going long. And its usually when you get the open below Smooth that is your first warning. Spend some time scrolling through charts and you will see it. We can't ever assume anything though, we just take note of it on our plans and trade what we see. However, over time you will see that there are entries that occur in...
The 3 retracement question is something that I'm currently trying to grasp, I have been studying the divergence hits on backtesting and am a little confused by when it is ok to enter on a retracement and when not to. The way I understood Dove's explanation was that in consolidation if there's 3 retracements then a divergence attachment, then you can enter back into the trend from support/resistance depending on the trend. If you look back at the green/gold hits, sometimes this worked but other times it reversed completely. I understand that in full blown trend the retracements are good entries but in consolidation I could do with more clarification on the retracement rules! could anyone shed more light on this please? Guitarman.
  • #7,410
  • Jan 9, 2017 9:13am Jan 9, 2017 9:13am
Quoting dove_alliance
{quote} I 'll give my evaluation of your entry along with Shaun's. The entry was totally against the trend. You had already been about -20 when the economic releases had came out. The numbers went against the releases and went short. That was the only reason you got your trade. If the news was with the numbers then you would had lost. That is why you never trade during the releases. So you just got lucky. The actual entry for going long was yesterday's opening with the hit on the H1 EMA and the H2 Smooth for 40. And Shaun gave the rest to you, and...
Lucky indeed. Thanks so much for the evaluation Dana and Shaun. I'm sure as other guys posting plans can attest to it's kinda tough to post a chart and go through with your plan. It puts you in a very vulnerable position and you don't forget your mistake because everybody saw it and your accountable. Someone else can have a turn tonight. At anytime you(Dana and Shaun) don't wanna give feedback anymore I totally understand so don't feel pressure to give it on our accounts. But know that I think it's incredibly selfless of you to do so. God bless you guys!!
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,411
  • Jan 9, 2017 9:23am Jan 9, 2017 9:23am
Quoting Clip75
{quote} Lucky indeed. Thanks so much for the evaluation Dana and Shaun. I'm sure as other guys posting plans can attest to it's kinda tough to post a chart and go through with your plan. It puts you in a very vulnerable position and you don't forget your mistake because everybody saw it and your accountable. Someone else can have a turn tonight. At anytime you(Dana and Shaun) don't wanna give feedback anymore I totally understand so don't feel pressure to give it on our accounts. But know that I think it's incredibly selfless of you to do so. God...
Yes its tough to post your plan publicly, so fair play to you for that. You'll learn a lot, hopefully, from doing it though, so its well worth it.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,412
  • Jan 9, 2017 11:46am Jan 9, 2017 11:46am
Hi Dove!
I have a question. On 5th of January fibo flipped on AUD/USD (yes, I know it's not a EUR/JPY, but this issue is general and can happen on any pair) with magenta box and market went down with DB & SAR attaching to lower/lows. Then SAR broke away from DB and attached to the top of the candle. AFAIK this SAR is set in stone and I entered short back into the DB trend. But then market went higher than SAR and DB attached to it and now it's actually higher then magenta fibo flip. Can you explain me what happened, please? I'm sorry if it's obvious.
Dreamer
  • #7,413
  • Jan 9, 2017 1:26pm Jan 9, 2017 1:26pm
Quoting dudko777
Hi Dove! I have a question. On 5th of January fibo flipped on AUD/USD (yes, I know it's not a EUR/JPY, but this issue is general and can happen on any pair) with magenta box and market went down with DB & SAR attaching to lower/lows. Then SAR broke away from DB and attached to the top of the candle. AFAIK this SAR is set in stone and I entered short back into the DB trend. But then market went higher than SAR and DB attached to it and now it's actually higher then magenta fibo flip. Can you explain me what happened, please? I'm sorry if it's obvious....

Hi,

I just opened the AUDUSD charts to see if I can help you and learn something myself.
I cannot see when the SAR broke away from the lower DB and was attached to the top of the candle, but I assume it happend today (9 jan 2017).
Maybe the answer why SAR followed DB instead of going back downwards, lies in the following sentence in one of Dove's earlier post (post 1323).

The DB can and will mix with the SAR - as it is now. Once the DB and SAR are attached with the same bar then the DB has the control. In trend the DB will move from bar to bar in trend with the SAR following. And at times the DB is on top of the SAR where the SAR is not showing. And you will see this happening. But once the SAR breaks out from the DB it is then projecting its own swing once again.

So with the explaination above and ROMAR AUDUSD in uptrend on H1 and H2 and EMA in uptrend on Daily, it could happen dat DB also connected to the Top of a candle and moved from bar to bar taking the SAR with him, because of the uptrend.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB


Maybe the following 3 posts where Dove is explaining SAR and DB, can also help.

http://www.forexfactory.com/showthre...22#post8728122
http://www.forexfactory.com/showthre...29#post8728129
http://www.forexfactory.com/showthre...51#post8728151


Btw: I hope my explaination is a bit clear and if I'm wrong, please let me know!
  • #7,414
  • Jan 9, 2017 3:49pm Jan 9, 2017 3:49pm
With the Jpy bank holiday will anybody trade Asian session tonight? According to one of Shinny's post with the bank trading desks closed, there is a possibility of dangerous spikes. Too bad. Looks like a good night and morning with no severe news until 9am gmt-6. Maybe I'll trade the London.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,415
  • Jan 9, 2017 4:22pm Jan 9, 2017 4:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 67 KB
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #7,416
  • Jan 9, 2017 4:27pm Jan 9, 2017 4:27pm
I had entered the market at 13:00 in accordance with my last plan because of the retrace towards EMA crossing Purple for the down. I chose to go for 20 pips because with the open of the 13:00 candle there was not 40 pips to the last bot (122,402). So for my entry (at 122,768) to be included within the range I chose to go for 20. It completed with the 17:00 opening. Now the plan I posted above is my plan for the coming day.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #7,417
  • Jan 9, 2017 4:33pm Jan 9, 2017 4:33pm
Quoting dudko777
Hi Dove! I have a question. On 5th of January fibo flipped on AUD/USD (yes, I know it's not a EUR/JPY, but this issue is general and can happen on any pair) with magenta box and market went down with DB & SAR attaching to lower/lows. Then SAR broke away from DB and attached to the top of the candle. AFAIK this SAR is set in stone and I entered short back into the DB trend. But then market went higher than SAR and DB attached to it and now it's actually higher then magenta fibo flip. Can you explain me what happened, please? I'm sorry if it's obvious....
Can't help you trader without seeing the chart you are speaking about.
The Dove - Forex Trainer
  • #7,418
  • Jan 9, 2017 5:54pm Jan 9, 2017 5:54pm
Date: 10/1/17

Daily:
ROMAR - Support
EMA - Support
PSAR - Resistance

Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow up
Last DB Attachment up, Sar-up, the separation of the sar from the db implies that the next db attachment would be down
Fibo up or down - Down

Notes: the daily is in consolidation. Parabolic holding resistance with sar at123.712

2 HR:


OPENING PRICE: 122.750
ROMAR - Support
EMA Resistance with the 4 Horsemen
PSAR - Resistance

Check List:
Last MACD 0 crossing down
Last EMA Alert Arrow - down
Last DB Attachment down, 122.337
Fibo up or down - up

Notes: 2 hr in consolidation as ema hasnt crossed romar yet

1 HR:
ROMAR Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing down
Last EMA Alert Arrow Down
Last DB Attachment 122.337
Fibo up or down up

Final Notes: parabolic resistance on the daily, and also, the sar means that the next db attachment would be down, 2 hour in consolidation, and 1 hr in a full downtrend.

Entry:
Short: Open candle at 2H purples with ema at romar for the cross
Long: Open Candle above 2 hour ema with 1h parabolic flip for support
  • #7,419
  • Edited Jan 10, 2017 12:32am Jan 9, 2017 10:10pm | Edited Jan 10, 2017 12:32am
Daily Plan for 10 of January 2017

Daily:
ROMAR - Support
EMA Support (very close to Resistance)
PSAR - Resistance

Check List:
Last MACD - crossing Down
Last EMA Alert Up, and current candle pop ups the alert for the Down
Last DB Attachment is Up at 124.084 and last SAR is Up at 123.712 with the last candle closed.
Fibo is Red Down.

Notes: Daily is in Consolidation, ranging between last DB 124.084 and SAR at bottom with 121.586

2 HR:


OPENING PRICE: 122.769
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD - crossing down
Last EMA Alert Down before the MACD Down.
Last DB Attachment is down at 122.337
Fibo is Red Down

Notes: 4 Horsemen is Full Downtrend. Price Staying Bellow Romar and price open at Smooth.

1 HR:
ROMAR Resistance
EMA - Resistance
PSAR Resistance
Check List:
Last MACD - crossing down
Last EMA Alert Down in the same Candle of MACD Alert Down.
Last DB Attachment at 122.337 at the same point of SAR showing himself from 123.062
Fibo is Up


Final Notes: We are in Ranging for several Days. The Daily Candle open bellow of 4 Horsemen and showing the EMA Red Alert and the last candle have the SAR. In H2 We are in Full 4 Horsemen Downside but ROMAR as Support yet very close to EMA. H1 Is in DownTrend Mode with Purple Sliding White and Smooth. The Parabolics in all the Charts is showing downtrend.


Entry:
Short: Short at 122.823 5 minutes before the New Daily Candle at ROMAR. My Target is 40 pips that is above of the DB/SAR at bottom and SL 40 pips that is Above of Parabolic Resistance in H2.

****


My Target got +40tp pips and i shut down everything until 45min before 4pm Central Time. (5pm est)
  • #7,420
  • Jan 10, 2017 12:45am Jan 10, 2017 12:45am
Quoting dove_alliance
{quote} Can't help you trader without seeing the chart you are speaking about.
I regret not taking screenshot back then... Well, I'm gonna use my amazing MS Paint skills now.
Attached Image (click to enlarge)
Click to Enlarge Name: Безымянный.png Size: 69 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Безымянный 2.png Size: 64 KB

And here's how the chart looks right now:
Attached Image (click to enlarge)
Click to Enlarge Name: Безымянный 3.png Size: 95 KB
Dreamer
2 traders viewing now