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The Paradox System

  • #8,861
  • Apr 2, 2017 7:07pm Apr 2, 2017 7:07pm
Quoting Retrogue
Here is my plan for the next 24 hours. I maybe completely wrong, but I'm going with it as this is what a demo account is for. Good luck to everyone this week! Date: 02-04-2017 Sydney Session Sunday 8pm Upcoming red major news? 15:00 GMT Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing - down Last EMA Alert Arrow - down Last DB Attachment low 118.612 Fibo down Notes: Downtrend. SAR attached with DB, LSB, and Gold Divergence at bottom of candle. Previous candle found resistance at smooth just below 61.8...
Trigger pulled for long entry, white now at purple on H1
Attached Image (click to enlarge)
Click to Enlarge Name: H2 Entry.JPG Size: 215 KB
Never Give Up
  • #8,862
  • Apr 3, 2017 1:25am Apr 3, 2017 1:25am
Date: 03/04/17 06.31 GMT

Daily:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 118.613 with SAR
Fibo: Down

Notes: The Daily has the 4 horsemen in a down trend. DB and LSB attached also Gold Div. Fibo red. Daily out of Balance.

2 HR:
OPEN PRICE – 118.718 – 118.920
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 118.612 with SAR
Fibo: Up

Notes: The 2 hour has the four horsemen just starting up with white crossing purple and against the ROMAR trend. DB with LSB and Gold attached confirming the end of trend. EMA before MACD (Friday).

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Support

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: N/A
Fibo: Up

Notes: The 1 hour has the four horsemen just turning for the up with EMA @ Purple.

Final Notes for all three charts: the market was in full blown Down trend market now retracing to get back into Balance with Gold Div on both Daily and H2 to end the trend.
Entry:
Consolidation:
Long: went long at the open for the longer term? 1st time so we will see. 100 pips gets me to the previous high DB/SAR and just above 2H ROMAR.
Short:

NEWS: US ISM Data 15.00 GMT
Stop killing our Oceans, Stop using single use plastics.
  • #8,863
  • Apr 3, 2017 1:56am Apr 3, 2017 1:56am
Quoting jakdan
Date: 03/04/17 06.31 GMT Daily: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 118.613 with SAR Fibo: Down Notes: The Daily has the 4 horsemen in a down trend. DB and LSB attached also Gold Div. Fibo red. Daily out of Balance. 2 HR: OPEN PRICE 118.718 118.920 ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 118.612 with SAR Fibo: Up Notes: The 2 hour has the four horsemen...
please attach with picture if you dont mind
  • #8,864
  • Apr 3, 2017 6:44am Apr 3, 2017 6:44am
Quoting stroke1975
{quote} please attach with picture if you dont mind
Stroke

please don't copy off me I am only learning this stuff myself.

make your own plan and attach pictures yourself as you may see something totally different than me.

its the only way to learn pal.
Stop killing our Oceans, Stop using single use plastics.
  • #8,865
  • Apr 3, 2017 8:19am Apr 3, 2017 8:19am
Quoting miau1
{quote} Entry: Long: Counter trading (because of really big unbalance), buying when the market opens unless theres a big gap up after the weekend. {image}
Notes for readjustments: Will let the operation run the red USD news against the rules and comment on what happened, so the setup has some room to start working on my favor, as overnight progress has come back to the entry point during London.
"Know thyself."
  • #8,866
  • Apr 3, 2017 9:34am Apr 3, 2017 9:34am
Hello fellow traders, here is last nights trade plan and screen shot. I stayed up and carried my trade plan into the London session. I couldn't get the screen shot on entry because I placed the trade from my lap top in another room as to not wake my wife, then went back to sleep.


Session Sydney: EUR - JPY 4/2/2017

Daily: 67 pips below Purple.
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen down. DB / SAR / DIVERGENCE attach for the up. FIBO down.

H1
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen steep down. Trend EMA arrow down. MACD zero cross arrow down. MA cross over arrow down. FIBO up.

H2
ROMAR: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen steep down. DB / SAR / DIVERGENCE attach for the up. Trend EMA arrow down. MACD zero cross arrow down. FIBO up.

FINAL NOTES: H1, H2, Daily in sync with strong down trend. Will enter short position off Resistance.

Adjustments:

Short: Entered short position off H2 SAR hit just below PSAR.

Result: Took + 40 pips from the market.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 525 KB
  • #8,867
  • Apr 3, 2017 9:39am Apr 3, 2017 9:39am
Quoting Hendo
Hello fellow traders, here is last nights trade plan and screen shot. I stayed up and carried my trade plan into the London session. I couldn't get the screen shot on entry because I placed the trade from my lap top in another room as to not wake my wife, then went back to sleep. Session Sydney: EUR - JPY 4/2/2017 Daily: 67 pips below Purple. ROMAR: Resistance EMA: Resistance Parabolic: Resistance Notes: Four Horsemen down. DB / SAR / DIVERGENCE attach for the up. FIBO down. H1 ROMAR: Resistance EMA: Resistance Parabolic: Resistance Notes: Four...
Thank you for this Hendo, really appreciate you taking the time to share. I see were I went wrong, I was focused on trading the gap to daily purple and got wound up in this trap. One thing - I take it you entered mid candle rather than waiting for the next h2 open candle? Onwards and upwards!
Never Give Up
  • #8,868
  • Apr 3, 2017 9:47am Apr 3, 2017 9:47am
Yes, entry was made mid candle. I enter on SAR hits when they happen in the moment because that is usually the highest or lowest point off support or resistance. Hope that helps!

Chad
  • #8,869
  • Apr 3, 2017 9:48am Apr 3, 2017 9:48am
Quoting Hendo
Yes, entry was made mid candle. I enter on SAR hits when they happen in the moment because that is usually the highest or lowest point off support or resistance. Hope that helps! Chad
Thanks Chad, appreciate your help.
Never Give Up
  • #8,870
  • Apr 3, 2017 10:00am Apr 3, 2017 10:00am
Quoting miau1
{quote} Notes for readjustments: Will let the operation run the red USD news against the rules and comment on what happened, so the setup has some room to start working on my favor, as overnight progress has come back to the entry point during London.
To begin with I was very disappointed with your's and Retrogue's entries. Both of you broke several rules for entry and and when you both do your evaluation I would greatly appreciate it you post the rules you had broken for losing your trades.
The Dove - Forex Trainer
  • #8,871
  • Apr 3, 2017 10:04am Apr 3, 2017 10:04am
Quoting miau1
{quote} Notes for readjustments: Will let the operation run the red USD news against the rules and comment on what happened, so the setup has some room to start working on my favor, as overnight progress has come back to the entry point during London.
Trade result: -40 pips.

Self evaluation: After the red news, a strong breakout south happened reaching my SL in just one H1candle that also touched H1 BB. Price didnt go up enough against the trend, and the loss is a reminder for the next time to wait for a setup that works with the trend, despite the unbalance and DB/SAR and divergences long is riskier to counter trade than to trade the trend or wait for a consolidation.

Edit. As requested, the rules broken were trading against the prevailing trend, not entering from a support level (used SAR/DB and divergence instead as references) and not closing an operation 5 minutes before red news.
"Know thyself."
  • #8,872
  • Apr 3, 2017 10:06am Apr 3, 2017 10:06am
Quoting Hendo
Hello fellow traders, here is last nights trade plan and screen shot. I stayed up and carried my trade plan into the London session. I couldn't get the screen shot on entry because I placed the trade from my lap top in another room as to not wake my wife, then went back to sleep. Session Sydney: EUR - JPY 4/2/2017 Daily: 67 pips below Purple. ROMAR: Resistance EMA: Resistance Parabolic: Resistance Notes: Four Horsemen down. DB / SAR / DIVERGENCE attach for the up. FIBO down. H1 ROMAR: Resistance EMA: Resistance Parabolic: Resistance Notes: Four...
Thank you Hendo and wondered what ever happened to you.

Traders - Hendo is one of the traders that had become successful and began his journey just as each of you are doing. The reason for his success is because his heart was in the right place and he learned. He is also successful because he knows the rules and does not break them. Thanks again Hendo for your post.
The Dove - Forex Trainer
  • #8,873
  • Apr 3, 2017 10:12am Apr 3, 2017 10:12am
Quoting dove_alliance
{quote} To begin with I was very disappointed with your's and Retrogue's entries. Both of you broke several rules for entry and and when you both do your evaluation I would greatly appreciate it you post the rules you had broken for losing your trades.
Yes, I took screens with every step and decision and will try to use this failure to learn as much as possible from it, so I don't repeat it,

Regards.
"Know thyself."
  • #8,874
  • Apr 3, 2017 10:13am Apr 3, 2017 10:13am
My pleasure Dana, I'll be making more posts to help new traders as I now will have more time to do so. Thank you again for the Paradox and your teaching, I'll continue to contribute as best I can!

Best Regards,

Chad
  • #8,875
  • Apr 3, 2017 10:16am Apr 3, 2017 10:16am
Quoting miau1
{quote} Trade result: -40 pips. Self evaluation: After the red news, a strong breakout south happened reaching my SL in just one H1candle that also touched H1 BB. Price didnt go up enough against the trend, and the loss is a reminder for the next time to wait for a setup that works with the trend, despite the unbalance and DB/SAR and divergences long is riskier to counter trade than to trade the trend or wait for a consolidation. Edit. As requested, the rules broken were trading against the prevailing trend, not entering from a support level (used...
Give a description of all the rules you had broken on this trade.
The Dove - Forex Trainer
  • #8,876
  • Apr 3, 2017 10:21am Apr 3, 2017 10:21am
I am learning this system for about 4 month，but i have not too much time to post my trading plan，because sydney open 5.00 am in my time zone，i wake up and make a quick paradox trading plan and set price alarm and sleep again till 7.00am. so i want to start to share my trade and if i got enough time in the morning i will also post my trading plan too. today i make a sell entry，because all 3 time frame is heavy down trend ，and in my opinion ，place a long trade to counter the big trend is dangerous and not according to what master teach us.so my plan is wait for price reach purple and retrace back in daily ，psar touch and little retrace in 2h，sar attach top on 2h，then i pull trigger.

ps. i am not a new member，but i sign up a new account for paradox system only，so i can concentrate in learning this system，and sorry for my bad grammar
Attached Image (click to enlarge)
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  • #8,877
  • Apr 3, 2017 10:23am Apr 3, 2017 10:23am
Quoting dove_alliance
{quote} Give a description of all the rules you had broken on this trade.
Yes, I edited the post, but I'll elaborate on what I see:

- All ROMARs, EMAs and PSARs were on downtrend -> Overall downtrend, was a counter trade.

- Entered using DB/SAR setups and divergences, which arent S/R levels -> For a long you need a Support level to start from and not only enough room to a Resistance.

- Didn't close the operation 5 minutes before the news because I wanted to stick to it and note what would happen for learning purposes (still, is breaking a rule).
"Know thyself."
  • #8,878
  • Apr 3, 2017 10:28am Apr 3, 2017 10:28am
Quoting dove_alliance
{quote} To begin with I was very disappointed with your's and Retrogue's entries. Both of you broke several rules for entry and and when you both do your evaluation I would greatly appreciate it you post the rules you had broken for losing your trades.
Evaluation

Thinking and trading what I think was going to happen rather than being in the momemt with the paradox

Trading against the trend

There was no valid entry at all when I entered. h1 and h2 not in sync white hadnt crossed purple followed buy smooth, ema and parabolic flip.

I was wrapped up in the daily gap to purple and everything went out the window. Stupid plan and Im really annoyed at myself as last week I thought I had finally made a little bit of progress with DB/ SAR and parabolics for entries.

I too took screenshots to study from. My apolygies Dove for this plan and entry. I will do better in the future.
Never Give Up
  • #8,879
  • Apr 3, 2017 10:43am Apr 3, 2017 10:43am
Quoting miau1
{quote} Yes, I edited the post, but I'll elaborate on what I see: - All ROMARs, EMAs and PSARs were on downtrend -> Overall downtrend, was a counter trade. - Entered using DB/SAR setups and divergences, which arent S/R levels -> For a long you need a Support level to start from and not only enough room to a Resistance. - Didn't close the operation 5 minutes before the news because I wanted to stick to it and note what would happen for learning purposes (still, is breaking a rule).
With yesterday's opening you had a FULL BLOWN DOWNTREND ON ALL CHARTS. Which means consolidation was out of question and balance would happen in the trend.
You had DB/SAR on the bottom for a retrace (in a slider) towards the Parabolic and entry off the Parabolic for the trend. Staying with the trend and using the Parabolic for entry your 40 would had been hit. The biggest and greatest rule you had broken is 'never trade against the trend'. Another rules is the DB will always ride with the trend. Only in consolidation and ranging is the DB used.
The Dove - Forex Trainer
  • #8,880
  • Apr 3, 2017 10:47am Apr 3, 2017 10:47am
Quoting Retrogue
{quote} Evaluation Thinking and trading what I think was going to happen rather than being in the momemt with the paradox Trading against the trend There was no valid entry at all when I entered. h1 and h2 not in sync white hadnt crossed purple followed buy smooth, ema and parabolic flip. I was wrapped up in the daily gap to purple and everything went out the window. Stupid plan and Im really annoyed at myself as last week I thought I had finally made a little bit of progress with DB/ SAR and parabolics for entries. I too took screenshots to study...
Your biggest mistake was trading the H1 and taking your entry off the H1.
The Dove - Forex Trainer
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