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Attachments: The Paradox System
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The Paradox System

  • #7,641
  • Jan 25, 2017 7:09pm Jan 25, 2017 7:09pm
Quoting crupent
{quote} I just set up the live. I've never traded with it. I have been strictly on demo for the past year. I just thought getting the live set up and leaving it on the side would have been a good idea. You also said that we wouldn't get proper charts unless we use a live in a post I read long time ago. Please don't think I'm one of those people who know it all and don't listen. I promise I'm not. I'm just confused as to why my charts look different than everyone else's. Is my live still wrong? I'll take my money out of my live account and switch...
I never said anything like that about proper charts going live. You got the proper chart that works on both live and demo exactly the same. The prof is on your Live and Demo being exactly the same. And yes - your chart is correct after you got rid of the extra indicator.
The Dove - Forex Trainer
  • #7,642
  • Jan 25, 2017 7:24pm Jan 25, 2017 7:24pm
Quoting crupent
I downloaded the forex.com mt4. Someone in a past post used this broker and you all said it was the right chart. So, for the last time (hopefully), is this the correct chart? {image}
So you know you got the right broker for your live account because they do not compromise the data with opening on Sunday at 17:00 ET. For any trader that has a live account that does not open on Sunday's at 17:00 ET then you are compromised with the true data each and every week..
The Dove - Forex Trainer
  • #7,643
  • Jan 25, 2017 10:23pm Jan 25, 2017 10:23pm
Quoting dove_alliance
{quote} So you know you got the right broker for your live account because they do not compromise the data with opening on Sunday at 17:00 ET. For any trader that has a live account that does not open on Sunday's at 17:00 ET then you are compromised with the true data each and every week..
Thank you for all your help dove. I appreciate it greatly. God bless.
When you work hard in silence, people don't know what to attack.
  • #7,644
  • Edited 2:36am Jan 26, 2017 1:51am | Edited 2:36am
Appreciate if someone will help on this. I enter short at the 19 EST candle and hit sl. All the variables except romar and SAR are line up for short at that moment. The signal is also ready for short with red signal follow by downward white macd. PSAR flip on 1 candle before it, purple cross ema and market close below romar. I also notice that the daily is nowhere near any support.

As for the SAR, I admit that I still not yet grasp the SAR. The SAR for me most of the time going higher and high or lower and low with each candle in trend and sometimes in consolidation. For example in this chart, the SAR in 24 Jan keep going high and higher without reverse.

Please correct me if I am wrong. Is it we should trade in the direction of DB/SAR connected on trend and consolidation? And only trade reverse when only SAR appear and in consolidation. Sorry if I got the wrong concept and please help correct me as I really keen on learning this system.
Attached Image
  • #7,645
  • Jan 26, 2017 3:22am Jan 26, 2017 3:22am
Daily Plan for 26 of January 2017
Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Last EMA -Up
DB/SAR Attachment 122.93
Fibo - Green
Notes: Daily looks like it's trying to resume the up trend but,Sar possibly pulling price down towards Psar support.
2 HR:

OPENING PRICE: 121.68
ROMAR - Support
EMA - technically Resistance as of 9.15 GMT but shortly could be support again with the current up swing
PSAR - Resistance

Last EMA - Up
Last DB Attachment 122.18
Fibo Red
Notes: ranging at the moment....
1 HR:
ROMAR - Support
EMA - Support
PSAR -Support
last EMA - UP
last SAR - 122.18
Fibo - green
Consolidation - however if ema crosses purple on next candle, all three charts will be in sync for uptrend.

entry long - wait for possible 1h/2h confluence to continue the daily trend, if ema crosses purple, will wait for a suitable retracement before entry.
entry short - will only consider short if 2h goes below Romar as it's currently neavy support.
News at - 09.30, 15.00 GMT
  • #7,646
  • Jan 26, 2017 3:25am Jan 26, 2017 3:25am
After I've set up my charts with the right broker here is my first trading plan.
Every feedback is welcome.
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  • #7,647
  • Jan 26, 2017 4:31am Jan 26, 2017 4:31am
Entered at 122.569 Short against my plan because H1 and H2 hit BB and the DB attachment in H2.
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  • #7,648
  • Jan 26, 2017 5:50am Jan 26, 2017 5:50am
Hello there fellow traders,

This is my first post here, and probably won't post for a while until I'm ready because I hate to derail a thread, but wanted to say hi and a three things:

1.-Post #39 is just... brilliant, from the top to the bottom. I'm specially impressed with the linear regression application dove_alliance uses, as a chemist I'm used to use linear regressions everywhere and honestly, this post alone was enough for me to suscribe, but then the objectivity and discipline parts made me want to post this.

2.-I like to study systems, they enrich my point of view and I try to apply what I learn to my own system, which has nothing to do with this (For example Alien's system taught me a LOT about multi Tf trading and catching the momentum, and Merrygold inspirated me also, credit for both). But this system I will study it as a parallel line of work (while I use my system as usual). I want to develop it fully and see what can it do on its own, because it seems extremelly sharp and well-fitted for me and my personality.

3.-Thanks to dove_alliance for sharing this system, I'm gonna study it deeply and hope to contribute to the thread when I'm ready.

Cheers!
"Know thyself."
  • #7,649
  • Jan 26, 2017 7:29am Jan 26, 2017 7:29am
Quoting Dota2
Appreciate if someone will help on this. I enter short at the 19 EST candle and hit sl. All the variables except romar and SAR are line up for short at that moment. The signal is also ready for short with red signal follow by downward white macd. PSAR flip on 1 candle before it, purple cross ema and market close below romar. I also notice that the daily is nowhere near any support. As for the SAR, I admit that I still not yet grasp the SAR. The SAR for me most of the time going higher and high or lower and low with each candle in trend and sometimes...
First off, you did not post a trading plan. If you had, you would have seen both the H2 and Daily Fibos were green meaning eventually the market will go up.
Next, you must learn the difference between Trend and Ranging (Consolidation). The market was clearly in ranging mode so you cannot follow the DB.
Since the market was Ranging, and you had the SAR attached to the bottom of the candle, the next attachment would have been up. Why again did you go short?
  • #7,650
  • Jan 26, 2017 7:33am Jan 26, 2017 7:33am
Quoting rcbarlow
{quote} First off, you did not post a trading plan. If you had, you would have seen both the H2 and Daily Fibos were green meaning eventually the market will go up. Next, you must learn the difference between Trend and Ranging (Consolidation). The market was clearly in ranging mode so you cannot follow the DB. Since the market was Ranging, and you had the SAR attached to the bottom of the candle, the next attachment would have been up. Why again did you go short?
Randy - I wouldn't bother commenting on it as like you said, didn't post a Trade Plan, and nobody can miss that you need to post a plan unless they haven't read the thread.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,651
  • Jan 26, 2017 7:47am Jan 26, 2017 7:47am
Done - Take Profit with 40 Pips. Thanks Dove, this is really great!
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  • #7,652
  • Jan 26, 2017 8:12am Jan 26, 2017 8:12am
In long
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  • #7,653
  • Jan 26, 2017 8:24am Jan 26, 2017 8:24am
Quoting Cili
Done - Take Profit with 40 Pips. Thanks Dove, this is really great! {image}
Hello

Now you have posted your trade result, lets discuss your "trade".

You went against your plan for some reason. In your plan you mention that the trend is up, we are not in consolidation, so why oh why are you going short? What is the first rule of the Paradox? NEVER COUNTER TRADE A TREND.

What is each chart saying to you? Long. So you never go short unless you get consolidation.

The market only touched the BB's - but in trend it can easily step up the BB's and go on forever.

In many respects it would have been better for you to lose on this trade, because now your thinking that your doing a great job. But that trade wasn't a Paradox trade and you should consider it a loser for learning purposes.

You got lucky because of the Divergence, but that did and could have bumped higher.

Sorry to drop a downer here but it has to be said.

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,654
  • Jan 26, 2017 8:37am Jan 26, 2017 8:37am
Quoting shinny
{quote} Hello Now you have posted your trade result, lets discuss your "trade". You went against your plan for some reason. In your plan you mention that the trend is up, we are not in consolidation, so why oh why are you going short? What is the first rule of the Paradox? NEVER COUNTER TRADE A TREND. What is each chart saying to you? Long. So you never go short unless you get consolidation. The market only touched the BB's - but in trend it can easily step up the BB's and go on forever. In many respects it would have been better for you to lose...
Thanks Shaun for this fair-minded and constructive Feedback. To be honest: I really thought, that this trade was according the rules. Dove said 'on an uptrend retraces off the band are generally to EMA for profit' (Post 21). Maybe there was some misunderstanding from my side . . . .
  • #7,655
  • Jan 26, 2017 8:39am Jan 26, 2017 8:39am
Quoting shinny
{quote} What is the first rule of the Paradox? NEVER COUNTER TRADE A TREND. What is each chart saying to you? Long. So you never go short unless you get consolidation. The market only touched the BB's - but in trend it can easily step up the BB's and go on forever.
Hhahaha few months ago, i have been beaten doing that and yes.. the price can go up forever until we see again the purple crossing white for start consolidating that current chart and preparing for the opposite trade or wait for the slider.
  • #7,656
  • Jan 26, 2017 8:56am Jan 26, 2017 8:56am
Quoting Cili
{quote} Thanks Shaun for this fair-minded and constructive Feedback. To be honest: I really thought, that this trade was according the rules. Dove said 'on an uptrend retraces off the band are generally to EMA for profit' (Post 21). Maybe there was some misunderstanding from my side . . . .
No problem my friend - like I said I'm not trying to be mean, I want you to learn and succeed. I am glad you took it in the spirit it was intended.

I am going to do a post (with pictures) later that will hopefully help, but I am just waiting on something to happen before I do so.

Cheers
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,657
  • Jan 26, 2017 9:24am Jan 26, 2017 9:24am
Quoting shinny
{quote} Randy - I wouldn't bother commenting on it as like you said, didn't post a Trade Plan, and nobody can miss that you need to post a plan unless they haven't read the thread.
Hey Shinny! I'm sorry if I'm bothering you, but when do you think you'll be able to post the key notes on DB/SAR. I've been studying it for a while and I believe I have it down, but just want to make sure.
When you work hard in silence, people don't know what to attack.
  • #7,658
  • Jan 26, 2017 9:27am Jan 26, 2017 9:27am
Quoting Cili
{quote} Thanks Shaun for this fair-minded and constructive Feedback. To be honest: I really thought, that this trade was according the rules. Dove said 'on an uptrend retraces off the band are generally to EMA for profit' (Post 21). Maybe there was some misunderstanding from my side . . . .
PostS #1676 and #6282 will help you out

Never forget to see the EMA and ROMAR cross.
When you work hard in silence, people don't know what to attack.
  • #7,659
  • Jan 26, 2017 9:47am Jan 26, 2017 9:47am
Quoting crupent
{quote} Hey Shinny! I'm sorry if I'm bothering you, but when do you think you'll be able to post the key notes on DB/SAR. I've been studying it for a while and I believe I have it down, but just want to make sure.
Hi there

I am just waiting on something then I'll post a few charts with some notes for info
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,660
  • Jan 26, 2017 9:54am Jan 26, 2017 9:54am
Quoting shinny
{quote} Hi there I am just waiting on something then I'll post a few charts with some notes for info
Thanks for all your help Shinny!
When you work hard in silence, people don't know what to attack.
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