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The Paradox System

  • #9,241
  • May 9, 2017 3:57am May 9, 2017 3:57am
I was also in these trades, but I have been almost unable to make good entries, staying too long in the market that is too risky.
Thanks for sharing
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  • #9,242
  • May 9, 2017 4:30am May 9, 2017 4:30am
Quoting OliveBranch
{quote} Evaluation: All of the entry requirements were observed at open candle. PT as per plan. TP40 {image}
I made an entry in the same candle as i see MACD UP H2. And be happy for it to have worked out, but upon seeing Shaun's post, see it was not in the moment
  • #9,243
  • May 9, 2017 5:05am May 9, 2017 5:05am
Quoting manin011
I was also in these trades, but I have been almost unable to make good entries, staying too long in the market that is too risky. Thanks for sharing {image}
Hello

Correct me if I'm wrong, but isn't that 2 trades per day you have been taking?

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,244
  • May 9, 2017 6:14am May 9, 2017 6:14am
Quoting manin011
{quote} I made an entry in the same candle as i see MACD UP H2. And be happy for it to have worked out, but upon seeing Shaun's post, see it was not in the moment
Yes, have noticed Shaun's intriguing entry as well. I do like the fact that this system has multiple/infinite scenarios for entry.

I believe i have followed the rules in today's entry in accordance to post 9177 and PT at the moment of the new candle which was exactly/simultaneously when the flip of Parabolic & the MACD arrow appeared plus the crossings of EMA/Purple & Smooth/White on the H2. Maybe a fluke but i don't think so at this stage. Timing of the actual moment of the event seems crucial to get the TP40 at times.

It would be nice if you posted your plans Manin & then discuss them though, rather than the other way round. How about it Manin? & everyone else. You're all watching anyway so come on people. We all learn whether +'ve or -'ve TP.

I do like Shaun's entry. Would not have ever seen it unless someone pointed it out. Bookmarked in my brain.
If you make up your own rules then the story is sad.....
  • #9,245
  • May 9, 2017 6:24am May 9, 2017 6:24am
Quoting OliveBranch
{quote} Yes, have noticed Shaun's intriguing entry as well. I do like the fact that this system has multiple/infinite scenarios for entry. I believe i have followed the rules in today's entry in accordance to post 9177 and PT at the moment of the new candle which was exactly/simultaneously when the flip of Parabolic & the MACD arrow appeared plus the crossings of EMA/Purple & Smooth/White on the H2. Maybe a fluke but i don't think so at this stage. Timing of the actual moment of the event seems crucial to get the TP40 at times. It would be nice...
Oli

Your trade wasn't a fluke, it was a good trade, with a number of confluence factors in your favour.

Yes, it is pretty amazing how many different ways there are to enter using The Paradox, which is one of the reasons its such an incredible system.

Our entry levels werent a million miles apart, its just you had too wait a bit longer than I did to get your +40!

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,246
  • May 9, 2017 7:25am May 9, 2017 7:25am
Quoting shinny
{quote} Hello Correct me if I'm wrong, but isn't that 2 trades per day you have been taking? Regards Shaun
I wrote these notes
1 - input on h2, SAR was reset only a few pips. (23:00) SERVER
2 - purple below EMA and Smooth up white. In my understanding there is no synchronism between white / smooth to purple cross EMA
I verified that my idea was wrong when in the second candrle there were the crossings and MACD up (0:00)
And so there are two entrances. I hastened and I'm paying the shame.
  • #9,247
  • May 9, 2017 7:42am May 9, 2017 7:42am
Quoting manin011
{quote} I wrote these notes 1 - input on h2, SAR was reset only a few pips. (23:00) SERVER 2 - purple below EMA and Smooth up white. In my understanding there is no synchronism between white / smooth to purple cross EMA I verified that my idea was wrong when in the second candrle there were the crossings and MACD up (0:00) And so there are two entrances. I hastened and I'm paying the shame.
Hello

Theres been two instances every day on the statement you posted.

But anyway, here's what I'd do if I were you - write a plan out, even if you don't post it here, and stick to it. It appears your been hesistant, unsure and trading both ways each day? Predominantly you need to stick to trading the direction of the Daily trend. If you had stuck just to trading in the direction of the Daily Trend, you wouldnt have had a losing trade all the way back from 20th April. If the market goes into Consolidation, just trading long from Support or trade back into the Trend with the 2hr turn back up.

Don't make things any harder than they already are. I'm simple and I like to keep things simple!

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,248
  • May 9, 2017 7:44am May 9, 2017 7:44am
Thanks for the help. I think I've got everything set up correctly now? My broker opens at 17:00 EST, and they have 6 weekly bars. Would you be able to compare my screenshots with yours to make sure it's all correct please?

One Hour:
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Two Hour:
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Daily:
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Thanks.
  • #9,249
  • May 9, 2017 7:53am May 9, 2017 7:53am
Quoting plymgary
Thanks for the help. I think I've got everything set up correctly now? My broker opens at 17:00 EST, and they have 6 weekly bars. Would you be able to compare my screenshots with yours to make sure it's all correct please? One Hour: {image} Two Hour: {image} Daily: {image} Thanks.
Hello

Theres a couple of issues with your charts:

1) Your using a spread betting account, hence the sb after the instrument name;

2) After the 1st week or so (x amount of pages) we stopped using USDJPY. It was just for initial training purposes. We use EURJPY now.

We all use forex dot com for our MT4 charting purposes, the none spread betting account.

Hope that helps!

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,250
  • May 9, 2017 8:25am May 9, 2017 8:25am
Quoting shinny
{quote} Hello Theres a couple of issues with your charts: 1) Your using a spread betting account, hence the sb after the instrument name; 2) After the 1st week or so (x amount of pages) we stopped using USDJPY. It was just for initial training purposes. We use EURJPY now. We all use forex dot com for our MT4 charting purposes, the none spread betting account. Hope that helps! Shaun
Hi Shaun,

Thanks for answering my question. Ah, I haven't got to that bit yet - I'm only on page 20!

Still trying to get my head around support/resistance areas but with a bit more reading that should come.

Thanks again.
  • #9,251
  • May 9, 2017 8:53am May 9, 2017 8:53am
Quoting plymgary
{quote} Hi Shaun, Thanks for answering my question. Ah, I haven't got to that bit yet - I'm only on page 20! Still trying to get my head around support/resistance areas but with a bit more reading that should come. Thanks again.
Hi

No problem at all, I can imagine if your starting from the beginning its difficult.

If you need any help, just shout and someone will help you out - but keep reading!

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,252
  • May 9, 2017 9:18am May 9, 2017 9:18am
Hello Traders,

I spent the last week trading my secondary pair during all the bank holiday's. Looks like we have three different entries for the same trade. Here is my plan, pretty much laying out my motivation as well as entry point. I hope you will all benefit from it.

I'm sure by this point anyone can see how powerful this system is. Take the time to learn it and you will be very successful traders.




Session Sydney: EUR - JPY 5/8/2017
Daily: Open at White.
ROMAR: Support
EMA: Support
Parabolic: Support
Notes: Four Horsemen up. DB, up with MAGENTA DIVERGENCE attach at 0.00 FIBO with RED price tag. Trend EMA arrow up. MACD zero cross arrow up. FIBO down.

H2
ROMAR: Support
EMA: Resistance
Parabolic: Eliminated
Notes: Purple crossed White, Smooth up. EMA holding resistance. DB, SAR, down with BLUE DIVERGENCE attach with SAR price tag. SAR attach above PSAR and 38.2 FIBO. MACD zero cross arrow down. Trend EMA arrow up. FIBO down.

H1
ROMAR: Support
EMA: Support
Parabolic: Support
Notes: Four Horsemen up. Trend EMA arrow up. MACD zero cross arrow up. FIBO down.

FINAL NOTES: H1 up. H2 turning up. Daily up. When H2 EMA crosses Purple all three charts will be in sync with up trend. H2 open candle, SAR hit, above PSAR and 38.2 FIBO. I expect H2 SAR to continue up, then turn DB. Will enter long position after H2 EMA crosses Purple with PSAR flip. I will be patient and wait for retrace, or open candle at Purple.

Adjustment:

Long: Entered long position off H2 support, open candle at Purple with EMA, Purple cross and PSAR flip. Set TP +40 SL 40.

Result: Took + 40 pips from the market.

Best Regards,

Chad
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  • #9,253
  • Edited 2:36pm May 9, 2017 9:26am | Edited 2:36pm
Hello! This is my first trading plan posted in the thread and I would love to have some feedback on it!
Have I been missing something? Or was it good enough? Could something be added?
I will take every feedback to heart!

2017-05-09 - EURJPY

1 HOUR TIME: 14:00

DAILY CHART:
ROMAR: Support
EMA: Support
PARABOLIC: Support

NOTES:
4 horsemen upwards movement.
EMA far away from other three horsemen. It has to pull back to EMA sometime, not relevant now though.

2 HOUR CHART:
ROMAR: Support
EMA: Support
PARABOLIC: Support

NOTES:
4 horsemen upwards movement.
DB is attached.

1 HOUR CHART:
ROMAR: Support
EMA: Support
PARABOLIC: Support

NOTES:

DB/SAR is attached to top.
4 horsemen upwards movement.
No sign of reversal as of yet.

FINAL NOTES:
Due to all the timeframes having upward movement, I am looking to take entry on 1 hour hit at top BB.

ENTRY:
Entry short on top BB hit on the 1 hour.
Position size is based on the closest support to pull back to.

Edit:
The image that I uploaded is of the 1 hour chart, I believe Dove would like images of 2 hour charts instead. However I decided to upload one of 1 hour since I took the entry of the 1 hour. Waiting for feedback

Result: +40 Pips
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  • #9,254
  • Edited 2:36pm May 9, 2017 9:43am | Edited 2:36pm
Quoting gresan6
Hello! This is my first trading plan posted in the thread and I would love to have some feedback on it! I will take every feedback to heart! 2017-05-09 - EURJPY 1 HOUR TIME: 14:00 DAILY CHART: ROMAR: Support EMA: Support PARABOLIC: Support NOTES: 4 horsemen upwards movement. EMA far away from other three horsemen. It has to pull back to EMA sometime, not relevant now though. 2 HOUR CHART: ROMAR: Support EMA: Support PARABOLIC: Support NOTES: 4 horsemen upwards movement. DB is attached. 1 HOUR CHART: ROMAR: Support EMA: Support PARABOLIC: Support...
Just a couple of minutes after I posted the trading plan, the 1 hour price hit the bollinger band top. I was unsure whether I should've taken a 40/40 or 20/40 trade, however I made the choice of 40/40. Let's see how it turns out.

Edit:
Taking a 40/40 trade might have been too high of a risk because the TP is under the Smooth. The Smooth has only been penetrated a couple of times in the 1 hour trend up. Thoughts?

Result: +40 Pips
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  • #9,255
  • May 9, 2017 9:45am May 9, 2017 9:45am
Hello gresan6,

Welcome to the tread. Take a look at my plan posted above, it is a little more detailed. If you use that outline with a little more detail as to what you are seeing it will be a great help for decisions involving trade direction as well as entry.

Dana or Shaun will provide you with constructive feedback after your trade closes.

Chad
  • #9,256
  • May 9, 2017 9:50am May 9, 2017 9:50am
Quoting Hendo
Hello gresan6, Welcome to the tread. Take a look at my plan posted above, it is a little more detailed. If you use that outline with a little more detail as to what you are seeing it will be a great help for decisions involving trade direction as well as entry. Dana or Shaun will provide you with constructive feedback after your trade closes. Chad
Hey! I will definitely study your trading plan as I am aware that you are very good in trading this system. Thank you!
  • #9,257
  • May 9, 2017 9:59am May 9, 2017 9:59am
Quoting Hendo
Hello Traders, I spent the last week trading my secondary pair during all the bank holiday's. Looks like we have three different entries for the same trade. Here is my plan, pretty much laying out my motivation as well as entry point. I hope you will all benefit from it. I'm sure by this point anyone can see how powerful this system is. Take the time to learn it and you will be very successful traders. Session Sydney: EUR - JPY 5/8/2017 Daily: Open at White. ROMAR: Support EMA: Support Parabolic: Support Notes: Four Horsemen up. DB, up with MAGENTA...
Hello Chad

Very nice to see you here again. What were you trading last week? GBP like me??!!

Traders, here is a fellow that has put a ton of effort in, his plans are fact not what he "thinks", and he has no fear in pulling the trigger. He started off like us all here, and has worked hard studying and is reaping what he sowed.

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,258
  • May 9, 2017 10:12am May 9, 2017 10:12am
Quoting shinny
{quote} Hello Chad Very nice to see you here again. What were you trading last week? GBP like me??!! Traders, here is a fellow that has put a ton of effort in, his plans are fact not what he "thinks", and he has no fear in pulling the trigger. He started off like us all here, and has worked hard studying and is reaping what he sowed. Regards Shaun
Hello Shaun

I've been focusing on the AUD. Sydney open works well for me with my highly active household.

Although, the EJ is my primary pair, I want to continue to post plans with screen shots to help others the same way you and Dana helped me. All while being respectful of Dana's rules for this thread!

Best Regards,

Chad
  • #9,259
  • May 9, 2017 11:01am May 9, 2017 11:01am
Quoting Hendo
{quote} Hello Shaun I've been focusing on the AUD. Sydney open works well for me with my highly active household. Although, the EJ is my primary pair, I want to continue to post plans with screen shots to help others the same way you and Dana helped me. All while being respectful of Dana's rules for this thread! Best Regards, Chad
Chad

I have experience in trading the AUD, and its absolutely fine. In fact, you can trade anything with the Paradox, but of course you must transition and get used to it slowly, as every instrument has its own characteristics.

Yes, I agree 100%, it is a good rule by Dana to keep the thread to one pair, although I have occasionaly in the past posted trades from other pairs to show a very important example. Dana didn't shoot me - but I don't make a habit of it lol!

I know the feeling re active household!

Cheers
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,260
  • May 9, 2017 11:18am May 9, 2017 11:18am
Shaun,

You are correct on all accounts. I know you and Dana have stated you can trade any pair, and I did apply your earlier advice to watch the movement of the other pair with the Paradox. It helps to see the how the market respects the support and resistance levels.

All your postings, including those of the other pairs were a tremendous help in seeing those support and resistance levels being applied with the rules of the Paradox, and were posted at very appropriate times, with a specific purpose!

Thank you again!

Chad
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