The Paradox System | Page 378 | 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

  • #7,541
  • Jan 16, 2017 5:19pm Jan 16, 2017 5:19pm
Time 23 GMT
Daily Plan for 16 of January 2017
Daily:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Last EMA Down
MACD - Down
DB/SAR Attachment 120.749
Fibo - Red
Notes: Daily with 4 horsemen lined up for down, market just rebound at fibo 61.8 from purple as resistance.

2 HR:

OPENING PRICE: 120.978
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Last EMA Down
MACD -Down
Last DB Attachment is 120.749
Fibo green
Notes: Just finish a down trend and going into consolidation. Purple had crossed white and smooth. Horsemen hold as support

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Support
last EMA - down
last MACD - up
Fibo – green
Notes: 1H is in consolidation and ranging in a tight range. Purple cross white and slide over ema.

Final notes: 2h starting to end the down swing and turning upwards by purple crossing white/smooth and open above smooth. However, smooth have not cross white and ema resistance is within strike. 1H also had showed a reverse from upswing but bound off the PSAR support.
Overall, looking good for long but probably need to wait for 2H psar flip and open above ema.

entry long if 2H PSAR flip and open above ema. 2 horsemen in uptrend with 1H in sync
entry short from 2H PSAR or EMA if 2H and 1H horsemen form downtrend

Long term trading: Will Go long in long term if 2H PSAR flip to up due to 2H just hit SAR/DB in 120.749 and fibo flip up.
  • #7,542
  • Edited 10:11pm Jan 16, 2017 7:31pm | Edited 10:11pm
1/16/2017
Session Sydney : EUR/JPY
Daily Open: Below Purple
Romar: Support
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen are in strong downtrend. DB, SAR attached with divergence as well as price tag. Romar is still holding support.

H1
Romar: Resistance
EMA: Support
Parabolic: Support
Notes: Four Horsemen are in uptrend with Purple crossing EMA up. PSAR flipped up. H1 is in tight consolidation.

H2
Romar: Resistance
EMA: Resistance
Parabolic: Eliminated
Notes: Purple crossed White and Smooth up. EMA still holding resistance. Parabolic eliminated with Purple crossing White. MACD zero cross arrow up appeared.


FINAL NOTES: ALL three charts are out of synch. H2 Purple has crossed White and opened above Smooth, with Smooth holding support. Looking for buy trade after confirmation of Trend EMA cross green arrow up, as well as PSAR flip.

Buy: Will enter buy trade off support after confirmation of Trend EMA cross arrow up, as well as PSAR flip.

Sell: Will enter sell trade if SAR with price tag appears to reenter downtrend.

Adjustments: Entered sell at appearance of SAR with price tag at 23.6 set TP+40 SL 40.

I can already see that I should have waited for my buy plan. As all confirmations happened. PSAR flipped, and DB connected with SAR for confirmation of the uptrend. Lesson learned.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 370 KB
Click to Enlarge Name: Image1.png Size: 71 KB
Click to Enlarge Name: Screenshot2.png Size: 71 KB
  • #7,543
  • Jan 16, 2017 7:52pm Jan 16, 2017 7:52pm
Date: January 16/17
Session: Asian
News: Low Impact

Daily:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing: down
Last EMA Alert Arrow: down
Last DB Attachment:bottom 120.749
Last Sar Attachment:123.712 top
Fibo up or down: Down
Notes: Horsemen down heading for romar with fib red and close to purple resitance. Bollinger bands opening up with strong downtrend.

2 HR:
OPEN PRICE - 120.792
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up on same candle as macd which
usually means retrace in future.
Last DB Attachment: With Sar at bottom 120.749
Last Sar Attachment: top 121.156 current candle
Fibo up or down: up
Notes: Ema sliding over purple white smooth for downtrend continuation. Market rejecting 23.6 fib.

1 HR:
ROMAR - Resistance
EMA - Resistance slider
PSAR - support
Check List:
Last MACD 0 crossing: up
Last EMA Alert Arrow: up
Last DB Attachment:top 121.56
Last Sar Attachment: with db
Fibo up or down: up

Notes: Consolidation up move toward fib 23.6 and rejected it. Magneta divergence attached along with bollinger band hit for confluence.

Final Notes for all three charts: Downtrend consolidation. Market finding resistance at the 23.6 fib of H1 and h2. Also very close to purple resistanc on daily

Entry: Sar attached at 23.6 fib H1 and H2 along with bollinger band hit on H1 and Ema and Psar close on H2. Went short at 121.140 exactly dead on fib 23.6.
Consolidation:
Long:
Short: 121.140
Notes for readjustments:
Trade Result:
Notes for Evaluation:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 83 KB
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,544
  • Edited 9:30pm Jan 16, 2017 7:55pm | Edited 9:30pm
Sorry Hendo and Dota2, I didn't notice that you posted plans. First come first served for feedback.

edit: meaning you get first crack.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,545
  • Jan 16, 2017 8:06pm Jan 16, 2017 8:06pm
No worries, all feed back is welcome.
  • #7,546
  • Jan 16, 2017 8:09pm Jan 16, 2017 8:09pm
Oh and disregard the green dotted entry line at the top of my screen. This trade is just letting it ride in a strong downward move.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,547
  • Jan 16, 2017 10:27pm Jan 16, 2017 10:27pm
Dont forget that we have a Gold Divergence in D1, take care.
  • #7,548
  • Jan 16, 2017 10:45pm Jan 16, 2017 10:45pm
For those who entered with the SAR told me you did not totally read and understood the rules for the SAR. To begin with you entred against the Smooth crossing of the H2 for the uptrend. The SAR bumped up a few pips and the DB connected. So what is this telling you?

Both the H1 and H2 are at the bottom of the Green Fibo going up. It hit the 23.6 and struggling. The Daily had hit the 61.8 of the Red Fibo and struggling. ROMAR on both the H1 and H2 are down and ROMAR on the Daily is up. You are in consolidation.

The question is: What is the rule for the SAR in consolidation???? Especially with the DB at the bottom of a Green Fibo going up with Both H1 and H2? Once you get the answer right you will know what is going to happen next; especially with Divergence on top of the H1, H2, and Divergence on the bottom of the Daily.

Good luck and good night.
The Dove - Forex Trainer
  • #7,549
  • Jan 17, 2017 1:05am Jan 17, 2017 1:05am
Quoting Dota2
Time 23 GMT Daily Plan for 16 of January 2017 Daily: ROMAR - Support EMA - Resistance PSAR - Resistance Last EMA Down MACD - Down DB/SAR Attachment 120.749 Fibo - Red Notes: Daily with 4 horsemen lined up for down, market just rebound at fibo 61.8 from purple as resistance. 2 HR: OPENING PRICE: 120.978 ROMAR - Resistance EMA - Resistance PSAR - Resistance Last EMA Down MACD -Down Last DB Attachment is 120.749 Fibo green Notes: Just finish a down trend and going into consolidation. Purple had crossed white and smooth. Horsemen hold as support 1 HR:...
Follow my plan with open above ema and psar flip.
Enter long here with tp/sl 40 and hit sl.
Guess I should wait next candle to confirm PSAR stay there or purple cross ema to make ema support. Or due to low impact JPY news.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1883.PNG Size: 588 KB
  • #7,550
  • Jan 17, 2017 2:17am Jan 17, 2017 2:17am
Daily Plan for 17 of January 2017
Daily:
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Last EMA - Down
DB/SAR Attachment 120.66
Fibo - Red
Notes: Daily is in Consolidation 4 horsemen lined up for down, support holding with DB/SAR and divergence attached at 61.8 fib
2 HR:

OPENING PRICE: 120.97
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Last EMA - Down
Last DB Attachment 121.18
Fibo green
Notes: 4 Horsemen look to be turning back down again although currently at bottom of fib.
1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR -Resistance
last EMA - Down
last SAR - 121.18
Fibo - green
Consolidation -

entry long - wait for possible bounce off daily Romar/daily Bollinger bands or 61.8 fib, enter with 1h/2h confluence. Daily DB/SAR signalling a possible move going up....
entry short - enter off suitable resistance with retrace into 4 horsemen to continue towards Daily Romar
News at - 09.30, 10.00, 11.45 GMT
  • #7,551
  • Jan 17, 2017 4:54am Jan 17, 2017 4:54am
Because I did not post my entry properly, Im not sure where I post my result. So I will place it in a separate post.

I still had a trade open, so I did not create a new tradingplan for today.

Evaluation.
I left my trade open during the night.
I missed the original entry yesterday. but took a later entry at 2Hr purple.
After my entry market went a bit further down, but after that the 2Hr went in consolidation for the rest for the day.
This morning after 01.00 EST I noticed market turned back into downmove and around 03.15 EST my trade hit the TP.
Lesseons learned, dont try to chase the market. Look if there is enough room (40 pips) between entry and Support.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 79 KB
  • #7,552
  • Jan 17, 2017 5:03am Jan 17, 2017 5:03am
Quoting dove_alliance
The Paradox System is very simple and very profitable provided you trade according to the rules.
Hi, with all the respect, this system is far from 'very simple'.

Very nice results from everyone! I subscribed.
Regards!
  • #7,553
  • Jan 17, 2017 5:26am Jan 17, 2017 5:26am
Quoting Pandakker
Because I did not post my entry properly, Im not sure where I post my result. So I will place it in a separate post. I still had a trade open, so I did not create a new tradingplan for today. Evaluation. I left my trade open during the night. I missed the original entry yesterday. but took a later entry at 2Hr purple. After my entry market went a bit further down, but after that the 2Hr went in consolidation for the rest for the day. This morning after 01.00 EST I noticed market turned back into downmove and around 03.15 EST my trade hit the TP....

Hi Pandakker!

Thank you for attaching the chart in order to check why you entered and where...

I would like to ask that everyone that post his trading plan, attach a screenshot afterward explaining where and why did he/she entered in order to allow us newbies to start understanding the concept.

I have checking this system for days (I know, I know, it must take months to master it) and I still do not know where to enter/exit

Maybe is because I am from Spain and English is not my native language, I can assure I have read Dove´s first posts over and over but I still dont get it, and I did not wanted to continue reading between the post until the first posts of Dove are clear for me.

One thing is for sure I will not give it up, I know Forex is hard work and I am here for succes, but I must admit this strategy got my head spinning.

I would like to salute Dove and everyone that is making this post possible and very active!

Cheers,
  • #7,554
  • Edited 1:42pm Jan 17, 2017 5:45am | Edited 1:42pm
Plan is made later today, because overnight I had trade open.
Created this plan after the result of the previos tade.

Date:17-1-2017 @ 06.30 CET / 12.30 CET

Daily:
ROMAR -Support
EMA -Resistance
PSAR -Resistance

Check List:
Last MACD 0 crossingDown
Last EMA Alert ArrowDown
Last DB AttachmentBottom @ 120.535
Last SAR AttachmentBottom @ 120.535
Fibo up or downDown

Notes: Market reached daily purple as Resistance.EMA and 4 Horsemen in downtrend. Romar still support but could be reached. Fibo 61.8 acted yesterday as support



2 HR:
OPEN PRICE - 121.229
ROMAR -Resistance
EMA -Resistance
PSAR -Resistance

Check List:
Last MACD 0 crossingDown
Last EMA Alert ArrowDown
Last DB AttachmentBottom @ 120.535
Last SAR AttachmentBottom @ 120.535
Fibo up or downUp

Notes:2Hr ROMAR in downtrend. EMA slided above purple, so 2Hr EMA in downtrend. 4 Horsemen back aligned pointing downwards. Last DB SAR attachment at fibo 0 levlat prev bar. White MACD arrow appeared, not yet confimed when writing the trading plan.



1 HR:
ROMAR -Resistance
EMA -Resistance
PSAR Resistance

Check List:
Last MACD 0 crossingDown
Last EMA Alert ArrowDown
Last DB Attachment
Last SAR Attachment
Fibo up or downUp

Notes:1 Hr ROMAR and EMA in downtrend. Also 4 Horsemen are aligned pointing downwards



Final Notes for all three charts:Market still in consolidation. H1 and H2 in downtrend. On the Daily EMA and 4 Horsemen are also in downtrend. DAILY ROMAR is in reach as target.

Entry:
Consolidation:

Long:Will looking for long when market at Daily Romar and attachement of DB and Gold divergence at bottom. Or when 1H and H2 are in sync for up when low at 120.535 tuns out to be the low.

Short:Looking to go short at 2Hr resistance



Notes for readjustments:

Entry

Evaluation.

EDIT: Today I will not trade anymore. I will wait until tomorrow and create a new plan.
  • #7,555
  • Jan 17, 2017 5:53am Jan 17, 2017 5:53am
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.jpg Size: 177 KB

One stupid question...

Would it have been a good entry?

I see price rebounding from PSAR as a ressistance, however purple has not crossed white in none of the arrows shown...

So I am afraid not...

I am starting to read all plans from everybody in order to start getting it...
  • #7,556
  • Jan 17, 2017 7:05am Jan 17, 2017 7:05am
Ok. Here is my trade result and evaluation.

Entry: Sar attached at 23.6 fib H1 and H2 along with bollinger band hit on H1 and Ema and Psar close on H2. Went short at 121.140 exactly dead on fib 23.6.
Consolidation:
Long:
Short: 121.140
Notes for readjustments:
Trade Result: +40 pips
Notes for Evaluation: Although I made my plan and stuck to it I know I did something wrong. I could feel it and then I saw Dana's post. So just because you win a trade does not mean you are on track. Awaiting his feedback now.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy result.png Size: 3 KB
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,557
  • Jan 17, 2017 8:57am Jan 17, 2017 8:57am
Red News: Treasury Sec Lew Speaks

Take care.
  • #7,558
  • Jan 17, 2017 10:40am Jan 17, 2017 10:40am
Quoting Clip75
Ok. Here is my trade result and evaluation. Entry: Sar attached at 23.6 fib H1 and H2 along with bollinger band hit on H1 and Ema and Psar close on H2. Went short at 121.140 exactly dead on fib 23.6. Consolidation: Long: Short: 121.140 Notes for readjustments: Trade Result: +40 pips Notes for Evaluation: Although I made my plan and stuck to it I know I did something wrong. I could feel it and then I saw Dana's post. So just because you win a trade does not mean you are on track. Awaiting his feedback now. {image}
My posting was directed to you because of this posting you had made after entry:

"Oh and disregard the green dotted entry line at the top of my screen. This trade is just letting it ride in a strong downward move."

You had your trade open as if you THOUGHT it was a position trade. You posted charts that did not show the 40/40 rule. This is a bad example for traders in learning. This comment is what you did wrong by not applying the 40/40 rule for one; and stating something that is not fact because of how the SAR was position from the DB. Other than that the trade was good.
The Dove - Forex Trainer
  • #7,559
  • Jan 17, 2017 10:51am Jan 17, 2017 10:51am
Quoting dove_alliance
{quote} My posting was directed to you because of this posting you had made after entry: "Oh and disregard the green dotted entry line at the top of my screen. This trade is just letting it ride in a strong downward move." You had your trade open as if you THOUGHT it was a position trade. You posted charts that did not show the 40/40 rule. This is a bad example for traders in learning. This comment is what you did wrong by not applying the 40/40 rule for one; and stating something that is not fact because of how the SAR was position from the DB....
Thanks Dana..Ya there was two trades running there and was running from the top letting it ride and other had 40/40...sorry about that if I caused an confusion. My plan was for the trade at lower end of screen. I should only be trading the 40/40 because I don't really know all positional ins and outs. This looked like a strong move and would keep going from the top green line entry but my experience level is not there yet.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,560
  • Jan 17, 2017 10:58am Jan 17, 2017 10:58am
Quoting Clip75
{quote} Thanks Dana..Ya there was two trades running there and was running from the top letting it ride and other had 40/40...sorry about that if I caused an confusion. My plan was for the trade at lower end of screen. I should only be trading the 40/40 because I don't really know all positional ins and outs. This looked like a strong move and would keep going from the top green line entry but my experience level is not there yet.
I will say this clip - one day you will become a loser and the reason is because you feel the rules do not apply to you.
The Dove - Forex Trainer
2 traders viewing now