The Paradox System | Page 478 | 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

  • #9,541
  • May 21, 2017 5:06pm May 21, 2017 5:06pm
Quoting Retrogue
Good evening everyone, here is my plan ready for the market opening. Date: 21-05-2017 20:00 UK time. Plan made for Sundays opening News Alerts Eurogroup meetings scheduled all day (22-05-2017) Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing - down Last EMA Alert Arrow - up Last DB Attachment Down 122.547 Fibo down Notes: Uptrend but in daily ranging mode with white, smooth and purple running through center of candles. White, purple and smooth still in tight slider, with EMA and parabolics holding support. Last...
Entry:

Long: Waited on new H2 candle for the spread to drop and entered long. Set SL 40 TP 40. Not very comfortable with the entry point as the stop loss is right at the SAR hit and I haven't entered at the edge of support. In hindsight maybe should have entered at market open as would have gotten in lower, but the huge 16 spread put me off.


Notes for readjustments: Market opened with roughly a 40 pip gap and H2 SAR attached at the bottom of the new candle already. It is around the H2 61.8 Fib and we have Romar support with parabolic support just below. Daily candle is just above the white,purple and smooth slider as reference for daily support.
Attached Image (click to enlarge)
Click to Enlarge Name: H2 entry.JPG Size: 213 KB
Never Give Up
  • #9,542
  • May 21, 2017 9:04pm May 21, 2017 9:04pm
Hello,
I don't have a lot to offer being a new member although I've been studying this system for a few months in the background. I've read all the recent posts along with the first couple hundred pages and have come to the conclusion that this system can only be understood by much study and having an open mind. I believe by the posts that success can be obtained by practice. I look forward to posting a plan according to the rules.
The quieter you become, the more that you can hear.
  • #9,543
  • May 21, 2017 10:04pm May 21, 2017 10:04pm
Quoting Retrogue
{quote} Entry: Long: Waited on new H2 candle for the spread to drop and entered long. Set SL 40 TP 40. Not very comfortable with the entry point as the stop loss is right at the SAR hit and I haven't entered at the edge of support. In hindsight maybe should have entered at market open as would have gotten in lower, but the huge 16 spread put me off. Notes for readjustments: Market opened with roughly a 40 pip gap and H2 SAR attached at the bottom of the new candle already. It is around the H2 61.8 Fib and we have Romar support with parabolic support...
On thing I will suggest and that is get your chart spread right. The Fibo is incorrect.
The Dove - Forex Trainer
  • #9,544
  • May 22, 2017 12:16am May 22, 2017 12:16am
Please can someone upload a H2 chart so I can compare. Ive got 39 complete candles with half of the 40th candle. My H2 fib is still green, checked my resolution, changed the candle spread with the white triangle amd reloaded the template but fibo stays the same
Never Give Up
  • #9,545
  • May 22, 2017 12:26am May 22, 2017 12:26am
Quoting Retrogue
Please can someone upload a H2 chart so I can compare. Ive got 39 complete candles with half of the 40th candle. My H2 fib is still green, checked my resolution, changed the candle spread with the white triangle amd reloaded the template but fibo stays the same
My 2H
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 112 KB
  • #9,546
  • May 22, 2017 12:59am May 22, 2017 12:59am
Thank you Pandakker, as far as I can see looks to be the same as mine, is this correct Dove? (MA lines are off as I have restarted and lost the data from last night)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20170522-065518.png Size: 343 KB
Never Give Up
  • #9,547
  • May 22, 2017 2:45am May 22, 2017 2:45am
Quoting Retrogue
{quote} Entry: Long: Waited on new H2 candle for the spread to drop and entered long. Set SL 40 TP 40. Not very comfortable with the entry point as the stop loss is right at the SAR hit and I haven't entered at the edge of support. In hindsight maybe should have entered at market open as would have gotten in lower, but the huge 16 spread put me off. Notes for readjustments: Market opened with roughly a 40 pip gap and H2 SAR attached at the bottom of the new candle already. It is around the H2 61.8 Fib and we have Romar support with parabolic support...
Evaluation. SL hit. I should have entered right at market open and not been put off by the massive 16 pip spread at open. This would have put me lower nearer support as I then waited and entered too high. This would have put me in at the top end of .30 and enough room for a 40 trade to the top of the fibo.

As always any feedback is welcome please, also concerning Doves comments on the fibo being wrong as I cant seem to change it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20170522-084040.png Size: 367 KB
Never Give Up
  • #9,548
  • May 22, 2017 3:49am May 22, 2017 3:49am
Quoting Retrogue
{quote} Evaluation. SL hit. I should have entered right at market open and not been put off by the massive 16 pip spread at open. This would have put me lower nearer support as I then waited and entered too high. This would have put me in at the top end of .30 and enough room for a 40 trade to the top of the fibo. As always any feedback is welcome please, also concerning Doves comments on the fibo being wrong as I cant seem to change it. {image}
i open same position as yours because high spread during morning，and i close my order after sar attached on the top of h2 graph. market is consolidation (daily out of balance)，so i close my order on the top resistenence. go back and learn what dove teach last week，and you will know why.

ps. this is just my opinion，may have some miatake.
  • #9,549
  • May 22, 2017 3:52am May 22, 2017 3:52am
Quoting kaizkung
{quote} i open same position as yours because high spread during morning，and i close my order after sar attached on the top of h2 graph. market is consolidation (daily out of balance)，so i close my order on the top resistenence. go back and learn what dove teach last week，and you will know why. ps. this is just my opinion，may have some miatake.
I didnt close my trade as we should let it run and hit sl. That is the rule for demo. And I realise the entry point was critical in trading this support back into trend for 40.
Never Give Up
  • #9,550
  • May 22, 2017 3:55am May 22, 2017 3:55am
H1:
romar up
ema up
purple down (very close to purple/ema crossing)
romar very close support
the rest is above price.. resistance
H2:
romar up
ema up
purple up
romar support very close
parabola resistance very close
ema, horses resistance
DAILY:
romar up
ema up
purple up
price crossing purple,white,smooth
support parabola, ema, purple,white,smooth
H1, h2 are out of sync. All is crowsded... No good entry now. Need to wait.
Possibilites if price opens below romar H2, sell plus daily could turn down
buy if h2 opens above purple,white,smooth, that looks distant now

Attached Image (click to enlarge)
Click to Enlarge Name: paradox_view2_h1.png Size: 45 KB
Attached Image (click to enlarge)
Click to Enlarge Name: paradox_view2_h2.png Size: 53 KB
  • #9,551
  • May 22, 2017 4:05am May 22, 2017 4:05am
Quoting Retrogue
{quote} I didnt close my trade as we should let it run and hit sl. That is the rule for demo. And I realise the entry point was critical in trading this support back into trend for 40.
yeah，i know we should not ，but we enter in the middle of the swing，that is why we met resistenence before tp
  • #9,552
  • May 22, 2017 4:18am May 22, 2017 4:18am
Quoting Retrogue
{quote} Evaluation. SL hit. I should have entered right at market open and not been put off by the massive 16 pip spread at open. This would have put me lower nearer support as I then waited and entered too high. This would have put me in at the top end of .30 and enough room for a 40 trade to the top of the fibo. As always any feedback is welcome please, also concerning Doves comments on the fibo being wrong as I cant seem to change it. {image}
I can't see what's wrong with your candle amount either, 39 bars full showing and 1 halved, I'm the same.

And by the looks of your picture you let the fibo load properly before taking the screenshot, didn't you? I think you did, but other than that, I don't know what could be wrong.

Regards.
"Know thyself."
  • #9,553
  • May 22, 2017 4:21am May 22, 2017 4:21am
Quoting kaizkung
{quote} yeah，i know we should not ，but we enter in the middle of the swing，that is why we met resistenence before tp
Yes exactely. If the entry was on the edge of support as low as possible it would have worked. Can at least take away the plan was good in looking into the future to see the movement, just need to fine tune the entry
Never Give Up
  • #9,554
  • May 22, 2017 5:07am May 22, 2017 5:07am
Hello Traders

Here is my trade from today (EURJPY):

2hr Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 220517.jpg Size: 384 KB


We had the SAR attachment at the 2hr ROMAR, with DB running seperately - next connection must be on top. Daily in a slider, so this was also trading into a breakout north. A no-brainer trade that filled the tp pretty quickly.

Here is the print:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 220517 PRINT.jpg Size: 8 KB


Hope that helps.

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,555
  • May 22, 2017 5:39am May 22, 2017 5:39am
Quoting shinny
Hello Traders Here is my trade from today (EURJPY): 2hr Chart: {image} We had the SAR attachment at the 2hr ROMAR, with DB running seperately - next connection must be on top. Daily in a slider, so this was also trading into a breakout north. A no-brainer trade that filled the tp pretty quickly. Here is the print: {image} Hope that helps. Regards Shaun
Awesome Shaun, I remember this scenario from before with the h2 sar ranging then the sar with the parabolic and db connecting for the breakout north, but this time with romar as confluence.
Never Give Up
  • #9,556
  • May 22, 2017 5:55am May 22, 2017 5:55am
Quoting Retrogue
{quote} Yes exactely. If the entry was on the edge of support as low as possible it would have worked. Can at least take away the plan was good in looking into the future to see the movement, just need to fine tune the entry
Yeah, I'm with you regarding the bid/ask spread. Too high to enter on 1st candle. But by the second, the market already moved in our direction and we ended up entering mid swing so the SL got hit.
  • #9,557
  • May 22, 2017 6:21am May 22, 2017 6:21am
Quoting Nikitafen
{quote} Yeah, I'm with you regarding the bid/ask spread. Too high to enter on 1st candle. But by the second, the market already moved in our direction and we ended up entering mid swing so the SL got hit.
Core Paradox rule - don't chase the market. Use patience and wait for it to come back to you.
Never Give Up
  • #9,558
  • May 22, 2017 7:08am May 22, 2017 7:08am
Quoting shinny
Hello Traders Here is my trade from today (EURJPY): 2hr Chart: {image} We had the SAR attachment at the 2hr ROMAR, with DB running seperately - next connection must be on top. Daily in a slider, so this was also trading into a breakout north. A no-brainer trade that filled the tp pretty quickly. Here is the print: {image} Hope that helps. Regards Shaun
Very nice! I'm so envious of you guys who see daylight during the Euro Session! I fell out of bed in the dark and still missed that entry.
  • #9,559
  • May 22, 2017 7:47am May 22, 2017 7:47am
Quoting shinny
Hello Traders Here is my trade from today (EURJPY): 2hr Chart: {image} We had the SAR attachment at the 2hr ROMAR, with DB running seperately - next connection must be on top. Daily in a slider, so this was also trading into a breakout north. A no-brainer trade that filled the tp pretty quickly. Here is the print: {image} Hope that helps. Regards Shaun
Hi Shinny.

Would you mind clarifying something for me?
I saw this entry and was indeed a no brainer for me these days when i keep my focus, but stayed out solely for the Red market news standard we have been asked to maintain whilst learning.
Staying out during Red is an easily achieved disciplined approach to take once emotions are disconnected from trading, however....What are your guidelines for trading during red market news once one is proficient?
Have got the NFP & interest rates etc off the table altogether - no probs there. Just a wondering if the mentioned are the only ones....
If you make up your own rules then the story is sad.....
  • #9,560
  • May 22, 2017 7:56am May 22, 2017 7:56am
Quoting OliveBranch
{quote} Hi Shinny. Would you mind clarifying something for me? I saw this entry and was indeed a no brainer for me these days when i keep my focus, but stayed out solely for the Red market news standard we have been asked to maintain whilst learning. Staying out during Red is an easily achieved disciplined approach to take once emotions are disconnected from trading, however....What are your guidelines for trading during red market news once one is proficient? Have got the NFP & interest rates etc off the table altogether - no probs there. Just...
Hi Oli

The Eurogroup meetings are quite often and are just an endless series of jawboning. There is no specific thing with them - just a lot of chatter (and no doubt much drinking of Champage on tax payers expense).

Hope that answers your question.

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
1 trader viewing now