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The Paradox System

  • #9,301
  • May 11, 2017 11:34am May 11, 2017 11:34am
EURJPY - TRADING PLAN - MAY 11

DAILY
ROMAR - Support
EMA - Support
PSAR - Support

Notes: 4 horsemen uptrend. SAR detached from DB and attached to the bottom of the candle at 123.311. Red fib.

2H
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Notes: Purple crossed EMA, which put the 4 horsemen in resistance, with MACDx and EMAx pointing down. A hit on the lower BB happened with DB on top of SAR at 123.311 (same level on daily where SAR attached). EURJPY also touched ROMAR support. Red fib.

1H
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

Notes: 4 horsemen shooting down with a green fib. EMAx and MACDx are pointing down.

Entry: Entered around the 61.8 fib level to go long for a 40/40 trade. BB band hit, with the DB on top of SAR attachment with the 123.311 pricetag present. Confluence on the daily with the 123.311 pricetag on the bottom of the candle (SAR attachment).

I will post evaluations when my trade is closed.

As always, God bless you all.
Attached Image (click to enlarge)
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"Cast your burden upon the Lord and He will sustain you"
  • #9,302
  • Edited 2:20pm May 11, 2017 1:26pm | Edited 2:20pm
[quote=OliveBranch;9853278]OK i know i promised to limit to twice a week - i feel a Q coming so posting plan now so i can respectfully ask a Q later if i feel off target. Date: EURJPY 0630 Sydney Time CHECK NEWS RELEASE BEFORE TRADING Yes - if No...... STOP .....do not proceed with Plan Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing Up Last EMA Alert Arrow Up Last DB Attachment 124.524 Fibo up or down Down Notes: Full Up Trend........

Evaluation. PT on MACD up. SL40. My hesitation was based upon the location of the BB being less than about 30pip from entry & how much of an effect this would have in full up trends. I have been shown the answer. No Questions needing to be asked.

Edit= I see many others did the same entries or a SAR/Parabolic hit.
My 2 cents is: we were too close to the BB for the MACD arrow up to go long. A while later there was a hit on H2 Smooth, again most likely not a good entry point due to the closeness of BB resistance. This is confirmed when the down EMA arrowed followed immediately after by the down MACD, which would also most likely mean a SAR on the Parabolic would not indicate a long from that point.
If i am seeing things correctly, after the appearance of both down arrows, the least risky trade was long off ROMAR, or an up EMA arrow. This is not taking into account market news for which i think my trade was SL already by then. Anyway... We'll see in due course. I like Tullegate's entry.
Attached Image (click to enlarge)
Click to Enlarge Name: H2 EURJPY Final 2017-05-12 at 4.18.34 am.png Size: 115 KB
If you make up your own rules then the story is sad.....
  • #9,303
  • May 11, 2017 2:13pm May 11, 2017 2:13pm
Hello Traders,

Just a refresher on the rules of this thread, as I see a few new followers.

1. Please read the whole thread. It is a lot and all of your questions have already been answered. It's about a six month process to fully understand. There are no short cuts. This is where we have all started, if you take the time to learn this system and have legitimate questions pertaining to current trades and set ups you will get help. If you have not read and are looking to pad your trading account or make a quick buck, you will be redirected to go find your answer in the thread.

2. When you feel you are ready, after you have about 10 demo trades with an 80% win rate, you should be ready to post trading plans with the outline provided.

To fully participate and learn from some very successful traders, proceed in the following order.

1. Post your trade plan.

2. Post your screen shot with your entry of your H2 chart (your main trade chart for entries).

3. After your trade has been completed, post your self evaluation of your trade.

After these steps have been completed you will get constructive feed back on your trade. The goal being, after you have done this process after 3 to 5 solid trade plans with solid entries, you will be asked to stop posting your plans before hand, so random looky loos can't pad their accounts on your hard work. It can see intimidating to put yourself out there for the world to see but, believe me it will be the best thing you will ever do, it you want to be a great trader.

We are all here for a reason. To learn how to trade successfully. The gurus and million dollar traders are not going to show you how to trade, as they love to profit off your losing trades. The ones that do offer, want to charge you five thousand dollars for the privilege.

Dana has put this out there for the world at no charge. If you have been following you will see how powerful it is. Once you figure it out, please stay with it and help out the next group of followers.

Best Regards,

Chad
  • #9,304
  • May 11, 2017 5:04pm May 11, 2017 5:04pm
Just checking that we are not trading on Friday as its the G7 meetings I see in the calendar? I remember the G20 meetings means we dont trade but cant remeber reading about the G7 meetings.
Never Give Up
  • #9,305
  • May 11, 2017 9:16pm May 11, 2017 9:16pm
Quoting Retrogue
Just checking that we are not trading on Friday as its the G7 meetings I see in the calendar? I remember the G20 meetings means we dont trade but cant remeber reading about the G7 meetings.
You choose. If it's red, I'm out. Red Days are off for study or having fun for me.
If you make up your own rules then the story is sad.....
  • #9,306
  • May 11, 2017 10:22pm May 11, 2017 10:22pm
Quoting shinny
{quote} Hello again Theres no harm in "having a go", but I don't want you to get disheartened if you "lose" on your demo trades. Take things slowly, the market and us all will be here next week, next month or in 6 months. Any questions or help, just shout out. Also, feel free to PM me, I'm happy to help if I can. Regarding your question before, I'll answer that shortly as mentioned to my other two friends earlier. Hope that helps. Shaun
hello, mr.shinny ,could you mind to explain the situation last night? is it because the BOE news or my entry is wrong? i had entry long at the purple support ,, this is my only lost trade in this week , and i really dont know what is my fault .
  • #9,307
  • May 11, 2017 11:31pm May 11, 2017 11:31pm
Quoting kaizkung
{quote} hello, mr.shinny ,could you mind to explain the situation last night? is it because the BOE news or my entry is wrong? i had entry long at the purple support ,, this is my only lost trade in this week , and i really dont know what is my fault .
We can't help you unless you follow the rules in which Hendo had posted above. You need to post a trading plan, screen shots of your entry and then your evaluation of your trade. Only then can we help you.
The Dove - Forex Trainer
  • #9,308
  • May 12, 2017 1:08am May 12, 2017 1:08am
Hello Traders

Yesterday, a few of you went long with the SAR and wondered why you lost.

Here is a screenshot showing yesterday on the 2hr:

Attached Image (click to enlarge)
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What this shows you is that there is a Lower High with the DB attached, and if you look to the far left of the screen, you will see the fibo at the low. When the EMA and MACD arrow came in the correct order, or you saw the MACD arrow could come in on the next bar, you shouldn't be thinking of going long. You should wait.

As soon as I saw the LH come in with the DB I also realised that we were going to have an inside the box flip of the fibo back up. The DB on top (LH) was attached at the 23.6% and the support (ROMAR/Lower BB) was at the 61.8%.

The market did indeed hit that support level, and eventually the fibo flipped for the up with an inside the box connection:

Attached Image (click to enlarge)
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Remember that the fib flips in only two ways:

1) An outside the box (Lower Low/Higher High) or
2) An inside the box (Lower High/Higher Low) at the 61.8% or 23.6%

Also remember the Daily is an an uptrend, there was no support (Daily Smooth was not going to hold because of the above scenario) and also the Daily SAR came in at the Support.

Someobody took a short trade, but I don't think they knew exactly why they did, but it was the right trade in the circumstances. This system is totally out of the box in many ways, and there are many little aspects that make it very powerful.

When you do your plans, look at the whole picture, because if you do you will be able to know what is going to happen before it does. This scenario is one of many within the Paradox, and it worked out perfectly.

I hope that helps. Sorry for delay in posting, but I have been sleeping!!

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,309
  • May 12, 2017 3:41am May 12, 2017 3:41am
Quoting dove_alliance
{quote} We can't help you unless you follow the rules in which Hendo had posted above. You need to post a trading plan, screen shots of your entry and then your evaluation of your trade. Only then can we help you.
ok ,i will do next time
  • #9,310
  • May 12, 2017 3:42am May 12, 2017 3:42am
Quoting shinny
Hello Traders Yesterday, a few of you went long with the SAR and wondered why you lost. Here is a screenshot showing yesterday on the 2hr: {image} What this shows you is that there is a Lower High with the DB attached, and if you look to the far left of the screen, you will see the fibo at the low. When the EMA and MACD arrow came in the correct order, or you saw the MACD arrow could come in on the next bar, you shouldn't be thinking of going long. You should wait. As soon as I saw the LH come in with the DB I also realised that we were going to...
thank you for your explanation !
  • #9,311
  • May 12, 2017 5:54am May 12, 2017 5:54am
Quoting shinny
Hello Traders Yesterday, a few of you went long with the SAR and wondered why you lost. Here is a screenshot showing yesterday on the 2hr: {image} What this shows you is that there is a Lower High with the DB attached, and if you look to the far left of the screen, you will see the fibo at the low. When the EMA and MACD arrow came in the correct order, or you saw the MACD arrow could come in on the next bar, you shouldn't be thinking of going long. You should wait. As soon as I saw the LH come in with the DB I also realised that we were going to...
Thanks a lot for your dedication Shaun,

My notes about the divergences are extremelly bad, never really understood the inside the box or outside the box concept (been trying multiple times but I honestly can't understand, as my own translation makes little sense to me), and this helped me understanding a bit better, thanks a lot. Still diggesting it so I can take notes and use my own trading plan/entry screenshots to create my translated explanation -one that hopefully is not discouraging to read-.

Best regards,

Pablo.
"Know thyself."
  • #9,313
  • May 12, 2017 6:14am May 12, 2017 6:14am
Quoting Pricegeo
Hidden
Read the thread before posting such things please, the creator specifies that doesn't want any sort of modification to it because the Paradox was already complete many years ago and requires nothing more or less to work.

Cheers.
"Know thyself."
  • #9,314
  • May 12, 2017 6:26am May 12, 2017 6:26am
Quoting miau1
{quote} Read the thread before posting such things please, the creator specifies that doesn't want any sort of modification to it because the Paradox was already complete many years ago and requires nothing more or less to work. Cheers.
Going to be a one post wonder I think
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,315
  • May 12, 2017 6:31am May 12, 2017 6:31am
Quoting shinny
Hello Traders Yesterday, a few of you went long with the SAR and wondered why you lost. Here is a screenshot showing yesterday on the 2hr: {image} What this shows you is that there is a Lower High with the DB attached, and if you look to the far left of the screen, you will see the fibo at the low. When the EMA and MACD arrow came in the correct order, or you saw the MACD arrow could come in on the next bar, you shouldn't be thinking of going long. You should wait. As soon as I saw the LH come in with the DB I also realised that we were going to...
Shaun you are a legend, thank you for posting this. I spent a long time last night reading through the thread and this confirmed it.

Regarding the G7 meetings today and this weekend, much like the G20 meetings are you taking today off from trading?
Never Give Up
  • #9,316
  • May 12, 2017 7:08am May 12, 2017 7:08am
Thank you Shaun! Your lower high lesson/reminder is very helpful!
  • #9,317
  • May 12, 2017 7:11am May 12, 2017 7:11am
Quoting Therapsid
Thank you Shaun! Your lower high lesson/reminder is very helpful!
Glad it helped my friend.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,318
  • May 12, 2017 7:12am May 12, 2017 7:12am
Quoting Retrogue
{quote} Shaun you are a legend, thank you for posting this. I spent a long time last night reading through the thread and this confirmed it. Regarding the G7 meetings today and this weekend, much like the G20 meetings are you taking today off from trading?
Happy to help my friend. I'm not taking it off, just waiting for a real quality set up, and of course its Friday too.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,319
  • May 12, 2017 8:34am May 12, 2017 8:34am
Hello,
Just working through this again and trying to work out how the trading plans are done. The original post (#21) says:

1 hour chart
ROMAR down or up
Smooth down or up
EMA down or up

But I'm not sure what the down or ups mean? Is it in relation to one another?

I've tried to think of an example (this isn't what I'm going with, it's just so it matches with an entry point from the chart I'm looking at!). I have:

1 hour chart
ROMAR down
Smooth up
EMA up

I've done this because the ROMAR is below the Smooth and the EMA. Is that the right idea?

But, what if I wanted to enter when the EMA was above the smooth? Would that have been down, up, down?

I'm sure it's something simple that I'm just not grasping yet.

Here's the chart btw:

Attached Image (click to enlarge)
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  • #9,320
  • May 12, 2017 8:56am May 12, 2017 8:56am
Bingo! I think I've got it...it means where they are in relation to the market right now doesn't it?
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