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The Paradox System

  • #7,581
  • Edited 12:34pm Jan 19, 2017 1:31am | Edited 12:34pm
Date:19-jan-2017 @ 02.15 EST / 08.15 CET

Daily:
ROMAR -Support
EMA -Resistance
PSAR -Resistance

Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow : Up but not confirmed
Last DB Attachment : Bottom @ 120.524
Last SAR Attachment : Bottom @ 120.524
Fibo up or down :Up

Notes :Romar still support. EMA still resistance. White touched purple. Ema alert arrow is shown but not confirmed. Fibo flipped to green. Market open above EMA. PSAR can be reached.

2 HR:
OPEN PRICE - 122.820
ROMAR -Support
EMA -Support
PSAR -Support

Check List:
Last MACD 0 crossing :Up
Last EMA Alert Arrow :Up but after MACD up crossing. Possible retrace in future.
Last DB Attachment :Top @ 122.132 during writing this plan
Last SAR Attachment :Top @ 122.132 during writing this plan
Fibo up or down Down

Notes:EMA crossed Romar up. 4 horsemen in uptrend. DB/SAR attached at top 122.132, but top is not set in stone. Fibo flipped to red, but 0 level is not yet determined

1 HR:
ROMAR -Support
EMA -Support
PSAR Support

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

Notes:1 Hr in uptrend. Fibo flipped to red. White crossed purple. Smooth touched purple



Final Notes for all three charts:1Hr and 2Hr in uptrend. Daily Romar in uptrend, EMA in downtrend. Daily PSAR can act as resistance and is also almost the fibo 50% level. To me amrket is in consolidation because of the situation on the daily chart.


Entry:
Consolidation:
Long:Will look for long when market retraces back to H2 resistance.
Short:Will look for short when market struggles at daily PSAR and H1 and H2 show signs of downmove.

EDIT: No trade for me today. Missed an entry because of hesitation.
I can understand why the Asian session is preferred to trade.
  • #7,582
  • Jan 19, 2017 2:42am Jan 19, 2017 2:42am
Quoting nigpig
Shaun is a great asset here and I would be grateful to him if he would accept my apology for me loosing my cool and picking a silly argument over nothing. He is rightly so ignoring me so wont get this apology but if some one would tell him I am sorry I would be grateful The problem I found was on my setup which was resolved by reinstalling the Paradox indicators and templates. Thanks Nigel.
Ok, apology accepted. So far in this thread we've managed to keep things pretty mature, lets try and keep it that way in the future and move on from it.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,583
  • Jan 19, 2017 2:43am Jan 19, 2017 2:43am
Quoting pradel
Date: 19/1/17 Daily: ROMAR - Support EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing Down Last EMA Alert Arrow down Last DB Attachment down Fibo up or down - up Notes: the daily is in consolidation. 2 HR: OPENING PRICE: 121.214 ROMAR - Resistance EMA Support PSAR - Support Check List: Last MACD 0 crossing uop Last EMA Alert Arrow - up Last DB Attachment down, 120.636 Fibo up or down - up Notes: Market went above Romar, Romar still holding resistance till ema crosses. Upper BB was hit. 1 HR: ROMAR Support EMA - Support PSAR -...
Got my 40 pips for today, entered according to my plan
Attached Image
  • #7,584
  • Jan 19, 2017 3:44am Jan 19, 2017 3:44am
Hi Team,

Please find below my plan and entry for a trade yesterday.

My entry was at the opening of the candle (marked by the white arrow) after the purple cross of EMA confirming the up swing.

Note. my plan was created at the open of Syd yesterday so the trade was quite some time after the plan. I have an alarm on my phone that chimes a couple minutes before each two hour candle ends so that I can review the 2 hr chart for an entry.

Attached Image (click to enlarge)
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I didn't enter trades on Monday, Tuesday or today. Had to juggle some work commitments this week but still made plans for those days just couldn't review charts as the day unfolded. I will be making my plan tomorrow morning and will post if I enter a trade.

Thanks and all feedback welcome.

Nick
  • #7,585
  • Jan 19, 2017 9:58am Jan 19, 2017 9:58am
Quoting whitford
Hi Team, Please find below my plan and entry for a trade yesterday. My entry was at the opening of the candle (marked by the white arrow) after the purple cross of EMA confirming the up swing. Note. my plan was created at the open of Syd yesterday so the trade was quite some time after the plan. I have an alarm on my phone that chimes a couple minutes before each two hour candle ends so that I can review the 2 hr chart for an entry. 18-jan-2017-plan.png;2146559 18-jan-2017-chart.png;2146528 18-jan-2017-trade.png;2146531 I didn't enter trades on...
Hello Nick

One thing that stands out with your plan is that there is nothing about your entry on it - what are your short options and what are your long options for entry, using the information you have on the chart and put into your plan?

It takes some practice but try and use what you see in the moment when you do your plan to work out your options, ie the scenario you are in (Downtrend/Uptrend or Consolidation) then you can base your entry from that.

For example, yesterday we were in consolidation - so what are your entry options for consolidation? The benefits of doing it are many- stops you pulling the trigger on a whim, stops you chasing trades, takes any emotion out of your entry. It makes you a disciplined trader, which is very important.

Believe me, doing it like this really works and makes you think about the rules of the system, and then ensures you apply them in your daily trading.

Regards your actual entry, study up on DB/SAR and also Divergence and you will realise that you could have gotten into that trade quite a bit earlier, but even so your on the right track so good job for that!

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,586
  • Jan 19, 2017 10:23am Jan 19, 2017 10:23am
Can anybody please check if my 2H chart is correct? After I've moved to forex.com everything looks quite different and right now I am not sure if my settings are right. Thanks in advance.
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  • #7,587
  • Jan 19, 2017 10:43am Jan 19, 2017 10:43am
Quoting Cili
Can anybody please check if my 2H chart is correct? After I've moved to forex.com everything looks quite different and right now I am not sure if my settings are right. Thanks in advance. {image}
Looks good
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,588
  • Jan 19, 2017 10:45am Jan 19, 2017 10:45am
Quoting shinny
{quote} Looks good
Thanks Shaun.
  • #7,589
  • Jan 19, 2017 6:53pm Jan 19, 2017 6:53pm
Quoting shinny
{quote} Hello Nick One thing that stands out with your plan is that there is nothing about your entry on it - what are your short options and what are your long options for entry, using the information you have on the chart and put into your plan? It takes some practice but try and use what you see in the moment when you do your plan to work out your options, ie the scenario you are in (Downtrend/Uptrend or Consolidation) then you can base your entry from that. For example, yesterday we were in consolidation - so what are your entry options for...
Hi Shaun,

Thanks for that - very helpful. I agree completely I've been handwriting my trading plans in the morning and then doing them up for posting after the fact (and sometimes too much time passes ie the next day) but I feel like they're not extensive enough. I will work on that for my next one and ensure that next week my routine is back to normal

Thanks
Nick
  • #7,590
  • Jan 19, 2017 10:23pm Jan 19, 2017 10:23pm
I want to see the market reaction when Trump is talking in about 9 hours.

In Mexico, in the city where i live... All the local exchange USD is gone... all of them are waiting for tomorrow.. thats crazy.

I think im going to take the day for rest and study. Take Care and have a good Weekend. God Bless Us All.
  • #7,591
  • Jan 20, 2017 10:52pm Jan 20, 2017 10:52pm
Hey everyone! I have a question about divergences (in the context of the paradox).

Now I've been studying the paradox for 8 months now, disciplining myself and taking it slow. I recently graduated from university (studying this system part time while being a full-time student), so I have more time to focus on this because I am such a believer in this system. I really think if you apply it correctly, it can change your life. Dove, I can't tell you how many times I've said "thank you" to you in my head. You're an incredible human being.

Anyways, enough rambling. I have always wondered if my understanding of the divergence was wrong, or maybe I'm just overthinking it. I've pretty much read every post 100 times, but I just would like some clarification, if you guys don't mind.

Basically the divergence is indicating whether the trend is coming to an end, right?

So, if you have a higher-high, it would show a green line (found above the candles). This would indicate and give a hint that the trend is most likely going to swing down. Now, if you have a lower-low, it would show a gold line (found under the candles). This would indicate and give a hint that the trend is most likely going to swing up. <--- Did I interpret this correctly?

Is that basically it for the divergence? Or is there more to it. I'm not sure if it's too simple or I'm missing more details about this, or if I'm just completely wrong.
When you work hard in silence, people don't know what to attack.
  • #7,592
  • Jan 21, 2017 4:30pm Jan 21, 2017 4:30pm
Quoting crupent
Hey everyone! I have a question about divergences (in the context of the paradox). Now I've been studying the paradox for 8 months now, disciplining myself and taking it slow. I recently graduated from university (studying this system part time while being a full-time student), so I have more time to focus on this because I am such a believer in this system. I really think if you apply it correctly, it can change your life. Dove, I can't tell you how many times I've said "thank you" to you in my head. You're an incredible human being. Anyways, enough...
Welcome to the thread Crupent. Yes you are right about green and gold divergence. When they attach they are an indication of new resistance or support. They can be bumped a few times to higher high or lower low but they are and indication that the next target is in the opposite direction. Entry is typically the next H2 open. I'm sure others will add or correct me but his is my understanding.
  • #7,593
  • Edited 8:46pm Jan 21, 2017 8:21pm | Edited 8:46pm
Quoting nigpig
{quote} Welcome to the thread Crupent. Yes you are right about green and gold divergence. When they attach they are an indication of new resistance or support. They can be bumped a few times to higher high or lower low but they are and indication that the next target is in the opposite direction. Entry is typically the next H2 open. I'm sure others will add or correct me but his is my understanding.
Thank you for clarifying I thought I was overthinking it, but I guess it was more simple than I thought, haha!

If anyone has more to add to my interpretation of divergence within the paradox system, please feel free to let me know.

As a side note, SAR (Stop and Reverse) is the last concept I have to study more and I pretty have this system locked down. SAR is always something that has confused me a little bit, because I'm not sure if I'm overthinking SAR or not. If anyone can explain SAR, that would be greatly appreciated.
When you work hard in silence, people don't know what to attack.
  • #7,594
  • Jan 22, 2017 7:32am Jan 22, 2017 7:32am
Hello everyone

I haven't been around since Friday, we have been skiing for the weekend, but back now ready for the new week.

Cheers
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,595
  • Jan 22, 2017 7:35am Jan 22, 2017 7:35am
Quoting crupent
Hey everyone! I have a question about divergences (in the context of the paradox). Now I've been studying the paradox for 8 months now, disciplining myself and taking it slow. I recently graduated from university (studying this system part time while being a full-time student), so I have more time to focus on this because I am such a believer in this system. I really think if you apply it correctly, it can change your life. Dove, I can't tell you how many times I've said "thank you" to you in my head. You're an incredible human being. Anyways, enough...
Hello Crupent and Welcome to The Thread

There's a fair bit more to it than that, for example the divergence works hand in hand with both the fibo and the DB/SAR.

I will do a refresher post later with some pointers, hopefully that will be helpful!

Thanks
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,596
  • Jan 22, 2017 1:31pm Jan 22, 2017 1:31pm
Quoting shinny
{quote} Hello Crupent and Welcome to The Thread There's a fair bit more to it than that, for example the divergence works hand in hand with both the fibo and the DB/SAR. I will do a refresher post later with some pointers, hopefully that will be helpful! Thanks Shaun
Thanks Shaun! Glad to be here finally. I've been a long time lurker and only joined when I felt I had most concepts locked down.

Regarding the divergence and DB/SAR, from what I understand (I can be totally wrong, so please be patient with me) is that it works hand and hand with the 0 fib level. So if divergence, DB/SAR are both attached to the 0 fib level, we take an entry at the next 2h candle? I'm not sure if this is right.
When you work hard in silence, people don't know what to attack.
  • #7,597
  • Jan 22, 2017 2:41pm Jan 22, 2017 2:41pm
Quoting crupent
{quote} Thanks Shaun! Glad to be here finally. I've been a long time lurker and only joined when I felt I had most concepts locked down. Regarding the divergence and DB/SAR, from what I understand (I can be totally wrong, so please be patient with me) is that it works hand and hand with the 0 fib level. So if divergence, DB/SAR are both attached to the 0 fib level, we take an entry at the next 2h candle? I'm not sure if this is right.
Not automatically. There are several variables in waiting for the turn. The DB can continue to run when in trend.
Life is too short to have anything but delusional notions about yourself.
  • #7,598
  • Jan 22, 2017 6:32pm Jan 22, 2017 6:32pm
Date: 23/1/17

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing – Up
Last EMA Alert Arrow – Up
Last DB Attachment – down, Sar-up
Fibo up or down - up
Notes: the daily is in full uptrend, ema crossing purple for support, with ema arrow and macd set in stone for uptrend

2 HR:


OPENING PRICE: 122.231
ROMAR - Support
EMA – Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing – down
Last EMA Alert Arrow - down
Last DB Attachment – down, 121.850
Fibo up or down - down

Notes: 2hour in consolidation. Romar holding support, BB in striking distance

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

Final Notes: Daily is in full uptrend with purple crossing ema, and romar holding support on 2H


Entry:
Long: Open candle Above 2H Smooth/ema,
Adjustment:
  • #7,599
  • Edited 9:24pm Jan 22, 2017 9:08pm | Edited 9:24pm
Here's a quick run-through of the trade I just did a few hours ago. 40 take profit was hit, winning trade! (on EURJPY)

Please tell me if my thought process on this trade was wrong, right, did I enter too late, did I enter too early. Did I apply divergence, DB/SAR correctly? Did I apply the other concepts correctly?

I would love feedback.
Attached Image(s) (click to enlarge)
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When you work hard in silence, people don't know what to attack.
  • #7,600
  • Jan 22, 2017 9:35pm Jan 22, 2017 9:35pm
I've been reading this thread on my free time since I found it a week ago, and I'm totally blown away. I think I'm a little ways out from posting my first trading plan, but it's coming. No reason to read any other thread on FF...this is where I'll be. Thank you Dove.
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