The Paradox System | Page 413 | 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

  • #8,241
  • Feb 26, 2017 8:47pm Feb 26, 2017 8:47pm
Here is the correct Daily.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 483 KB
  • #8,242
  • Feb 26, 2017 8:48pm Feb 26, 2017 8:48pm
Quoting OliveBranch
{quote} Thank you Dove. Dove and traders, I'm a little confused in that I only have the paradox demo open. There is no live account with this broker and my live account which is hosted by a different broker and is not open either. I have never used the live account to trade with using or comparing with Paradox as this is contraindicated as taught to us all. Fool if you do. Discipline or bust. Choose. I'm using Roboforex as the broker. May i ask somebody to send through a daily so I can compare data please? I don't understand how the 2hr is correct...
Trader - if you look at the charts you posted you will see you have the H2 Demo and the Daily with your live account. If you try to use the H2 on your live account it also will not be right. Go back to setting up your charts and you would read the Paradox will only work with the right broker and the reasons why.
The Dove - Forex Trainer
  • #8,243
  • Feb 26, 2017 8:54pm Feb 26, 2017 8:54pm
Quoting OliveBranch
{quote} Thank you Dove. Dove and traders, I'm a little confused in that I only have the paradox demo open. There is no live account with this broker and my live account which is hosted by a different broker and is not open either. I have never used the live account to trade with using or comparing with Paradox as this is contraindicated as taught to us all. Fool if you do. Discipline or bust. Choose. I'm using Roboforex as the broker. May i ask somebody to send through a daily so I can compare data please? I don't understand how the 2hr is correct...
I went back to recheck your 2 hour and found it is also wrong. You are not with the right broker for the Paradox. Which means you did not follow the procedure in setting up the system.
The Dove - Forex Trainer
  • #8,244
  • Feb 26, 2017 9:31pm Feb 26, 2017 9:31pm
Quoting dove_alliance
{quote} I went back to recheck your 2 hour and found it is also wrong. You are not with the right broker for the Paradox. Which means you did not follow the procedure in setting up the system.
Thanking you all. Much appreciated.
Fixed & ready for participating in a more worthwhile manner tomorrow. Good trading everyone.

My apologies.
If you make up your own rules then the story is sad.....
  • #8,245
  • Feb 26, 2017 11:54pm Feb 26, 2017 11:54pm
Quoting OliveBranch
{quote} Thank you Dove. Dove and traders, I'm a little confused in that I only have the paradox demo open. There is no live account with this broker and my live account which is hosted by a different broker and is not open either. I have never used the live account to trade with using or comparing with Paradox as this is contraindicated as taught to us all. Fool if you do. Discipline or bust. Choose. I'm using Roboforex as the broker. May i ask somebody to send through a daily so I can compare data please? I don't understand how the 2hr is correct...
Hello Oli,
I tried to warn you 2 weeks ago that you have a wrong daily so - write it again : You should have 6 candles not 5 on daily.
The problem is - your demo account is : Eur/Jpy.e,Daily. It have to be Eur/Jpypro, Daily. So probably you opened wrong kind of demo account.
Hope this help,

Pedro
Hard work beats talent when talent fails to work hard. - KD
  • #8,246
  • Edited 3:52am Feb 27, 2017 12:47am | Edited 3:52am
DAILY CHART - DATE: 27/02/17 6.23GMT

ROMAR: Resistance

EMA: Resistance

Parabolic: Resistance

NOTES: All three support/resistance are in compliance for a strong downtrend.
DB/SAR attached at the swing low 118.225
Blue dash and Gold divergence also attached to this point

EDIT: forgot to mention Daily at purple resistance!

2 HOUR CHART:

Opening: 118.409 118.544

ROMAR: Resistance

EMA: Resistance

Parabolic: Resistance

NOTES: The two hour has white crossing purple, slider? And the PSAR eliminated But still below smooth acting as support with EMA resistance
SAR attached swing high @ 118.622
DB and gold divergence @ 0 Fib 118.225 4

1 HOUR CHART:

ROMAR: Resistance

EMA: Resistance

Parabolic: resistance

Notes: The 1 hour is shallow heading slightly higher with the 4 horseman right through the center of the market last arrow red but consolidating.

Entry: looking for long on EMA crossing Purple but against main trend

Looking for short at retrace to EMA/PSAR (eliminated) Strong downtrend on all charts


could have missed the boat again? I need to get up earlier
Stop killing our Oceans, Stop using single use plastics.
  • #8,247
  • Edited 1:32am Feb 27, 2017 1:19am | Edited 1:32am
Quoting pedro7676
{quote} Hello Oli, I tried to warn you 2 weeks ago that you have a wrong daily so - write it again : You should have 6 candles not 5 on daily. The problem is - your demo account is : Eur/Jpy.e,Daily. It have to be Eur/Jpypro, Daily. So probably you opened wrong kind of demo account. Hope this help, Pedro
Yes it does help. Thanking you. Didn't ignore you, I thought i had fixed it. I was wrong. By 6 candles on the daily, you refer to 6 candles for the week, Sun-Fri? Rather than the 5 candles for Mon-Fri?
I wasn't aware that there are different kinds of Demo accounts though, i'll check on that. Otherwise, the Demo should all be good to go from the next NY close. Very happy for your advice. Thank you.

Edited - checked the broker does have 6 candles for the week on the daily & it is also Eur/Jpypro. Thank you Pedro.
If you make up your own rules then the story is sad.....
  • #8,248
  • Feb 27, 2017 1:34am Feb 27, 2017 1:34am
Hi OliveBranch

Use this link in purpose of learning with demo account,
Here is the link: http://www.forex.com/uk/metatrader-demo.html

Keith,
Keith
  • #8,249
  • Feb 27, 2017 2:10am Feb 27, 2017 2:10am
going to be a little patient with my entry this time.

went long on Friday which was well off the mark in an almost identical situation?

this also looks like a long white and smooth crossing purple, looking at last weeks screen shots I am going to take dog out for a walk and be back for next candle.

patients , we will see.
Stop killing our Oceans, Stop using single use plastics.
  • #8,250
  • Feb 27, 2017 2:11am Feb 27, 2017 2:11am
Quoting bonkjovi
Hi OliveBranch Use this link in purpose of learning with demo account, Here is the link: http://www.forex.com/uk/metatrader-demo.html Keith,
Hi Keith,
Many thanks for your directions. This is in fact the correct link i had followed & have set up 2 weeks ago and revisted after the discussion earlier today. I was negligent in deleting the link to the broker giving compromised data from my system - leading to my error and posting compromised data.
New traders please note Keith's link. It is and has been described very early on in the thread and is still currently described as the correct platform & data to use.

Once again thank you Keith and to everyone else helping me out today...much appreciated and warmly received. Hope to return the favour.
If you make up your own rules then the story is sad.....
  • #8,251
  • Feb 27, 2017 2:30am Feb 27, 2017 2:30am
Quoting OliveBranch
{quote} Yes it does help. Thanking you. Didn't ignore you, I thought i had fixed it. I was wrong. By 6 candles on the daily, you refer to 6 candles for the week, Sun-Fri? Rather than the 5 candles for Mon-Fri? I wasn't aware that there are different kinds of Demo accounts though, i'll check on that. Otherwise, the Demo should all be good to go from the next NY close. Very happy for your advice. Thank you. Edited - checked the broker does have 6 candles for the week on the daily & it is also Eur/Jpypro. Thank you Pedro.
You are welcome. I did the same mistake in the beginning that is why i am so smart now :-)))
IMO this is the best system i ever tried and trust me i tried a lot of them - i am full time trader. It is hard to understand as someone can create something like this, i mean the system with profitability so high.
All praise to Dove and as he said - The Holy Spirit is the ONE that had created this methodology.
I just can say - Thanks from the bottom of my heart.
Hard work beats talent when talent fails to work hard. - KD
  • #8,252
  • Feb 27, 2017 2:32am Feb 27, 2017 2:32am
I've been studying and there are still a lot need to learning.
This is my first trading plan and I hope I can beat the market.
======================================
Pair:EUR/JPY Time: Sydney Opening
Daily
ROMAR: Resistant
EMA: Resistant
Para: Resistant
Note: Daily is in downtrend with 4 horsemen down and Para ROMAR in trend.

H2
Open: 118.130
ROMAR: Resistant
EMA: Resistant
Para: Resistant
Note: H2 is in downtrend with 4 horsemen down and Para ROMAR in trend.

H1
ROMAR: Resistant
EMA: Resistant
Para: Resistant
Note: H1 is in downtrend, EMA Para ROMAR as resistant. Notice that Daily open above Purple and second bar close above smooth and white. we have purple cross white for beginning a swing.

Final Note:
Both ROMAR/EMA/Para on all charts are all down. We are in downtrend.
Fibo on all chart are Green which means market is oversell and H1 Purple cross white, it can do
1) A slider on H1 for continuance of downtrend
2)An open candle above H2 EMA with Purple/Smooth cross going long

Entry: Short at H2 EMA IF Purple not cross Smooth
Long at H2 Open bar above EMA and Smooth/Purple Cross

Pull The trigger: Long at first time SAR appears at 118.595. This SAR means early indicator of downtrend end and looking for long.
  • #8,253
  • Feb 27, 2017 3:15am Feb 27, 2017 3:15am
hello everyone,
was wondering if anyone here could recommend a broker that allows traders from New Zealand.
forex.com have an office in Australia but their services are not extended to NZ.
it would be ok for the demo account but id like to start with a company that i could potentially trade live with.
ive been very happy with AliExpress for a few years but they do not provide 6 daily candles(as far as i know).

just wanted to mention, what a great effort from everyone involved in this thread. a big thank you to the senior members for their knowledge and wisdom. ive been following the thread for a few weeks now and am ready to start posting some plans and trades to contribute to everyones success (including mine).
  • #8,254
  • Feb 27, 2017 3:56am Feb 27, 2017 3:56am
Quoting MasterDre
hello everyone, was wondering if anyone here could recommend a broker that allows traders from New Zealand. forex.com have an office in Australia but their services are not extended to NZ. it would be ok for the demo account but id like to start with a company that i could potentially trade live with. ive been very happy with AliExpress for a few years but they do not provide 6 daily candles(as far as i know). just wanted to mention, what a great effort from everyone involved in this thread. a big thank you to the senior members for their knowledge...
Hi MasterDre,
I'm from New Zealand.
Busy learning this system. Lots of reading so far.
I've just opened a demo account with IC Markets. Their server is in London.
  • #8,255
  • Feb 27, 2017 4:14am Feb 27, 2017 4:14am
Quoting jakdan
DAILY CHART - DATE: 27/02/17 6.23GMT ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: All three support/resistance are in compliance for a strong downtrend. DB/SAR attached at the swing low 118.225 Blue dash and Gold divergence also attached to this point EDIT: forgot to mention Daily at purple resistance! 2 HOUR CHART: Opening: 118.409 118.544 ROMAR: Resistance EMA: Resistance Parabolic: Resistance NOTES: The two hour has white crossing purple, slider? And the PSAR eliminated But still below smooth acting as support with EMA resistance...
went short where I went long last Friday as it looks like the same scenario, however 1 thing is different and that the gold divergence is at the 0 fib where it wasn't on Friday and that is the thing that could make the difference, only time will tell.

good advice at taking the snapshots as this is something I wouldn't have noticed.
Stop killing our Oceans, Stop using single use plastics.
  • #8,256
  • Feb 27, 2017 5:08am Feb 27, 2017 5:08am
[quote=Retrogue;9600092]Hi Everyone, I have been reading this thread from the beginning again and studying hard but I cannot understand two posts and seem to have hit a wall with my learning. I have spent hours searching the topic for the answer, checked my charts for scenarios and put in all my free time this week into learning. I am not asking to be spoon fed at all because I need to learn for myself. My heart is in the right place as I understand the commitment of hours studying

It matters not if a candle violates ROMAR - ROMAR will continue to be Support/Resistance until the crossing of EMA. That is the rule.

Also....

And once a candle does violate ROMAR then it will return to its original position. That is on all charts and also - that is the rule.
  • #8,257
  • Feb 27, 2017 5:35am Feb 27, 2017 5:35am
Quoting global168
Quoting Retrogue
Hi Everyone, I have been reading this thread from the beginning again and studying hard but I cannot understand two posts and seem to have hit a wall with my learning. I have spent hours searching the topic for the answer, checked my charts for scenarios and put in all my free time this week into learning. I am not asking to be spoon fed at all because I need to learn for myself. My heart is in the right place as I understand the commitment of hours studying It matters not if a candle violates ROMAR - ROMAR will continue
...
Thank you!
Never Give Up
  • #8,258
  • Feb 27, 2017 6:20am Feb 27, 2017 6:20am
Quoting MasterDre
hello everyone, was wondering if anyone here could recommend a broker that allows traders from New Zealand. forex.com have an office in Australia but their services are not extended to NZ. it would be ok for the demo account but id like to start with a company that i could potentially trade live with. ive been very happy with AliExpress for a few years but they do not provide 6 daily candles(as far as i know). just wanted to mention, what a great effort from everyone involved in this thread. a big thank you to the senior members for their knowledge...
Hi MasterDre,

go to link on post 8250 from Keith & follow directions. I'm in the pacific region as well and have dealt with this issue a couple of weeks ago. The solution is easily rectified for Demo mode. Let me know how you go.
If you make up your own rules then the story is sad.....
  • #8,259
  • Feb 27, 2017 7:38am Feb 27, 2017 7:38am
Close Trade at H1 ROMAR and Get 45 Pips when DB connects working together with SAR.
I don't know If I should close when get 40 pips coz Rule is 40/40. But DB had not show up at that time so we still have room for long.
  • #8,260
  • Feb 27, 2017 8:58am Feb 27, 2017 8:58am
Quoting Yumilong
Close Trade at H1 ROMAR and Get 45 Pips when DB connects working together with SAR. I don't know If I should close when get 40 pips coz Rule is 40/40. But DB had not show up at that time so we still have room for long.
Here we got a new trader talking about greed already; and doesn't follow the rules. I did not see an H2 entry chart when you pulled the trigger and also no self-evaluation accept commenting on the 40/40 rule in wanting more pips. On your next trading plan be sure to post your H2 entry chart and also a self-evaluation of the trade.
The Dove - Forex Trainer
2 traders viewing now