The Paradox System | Page 479 | 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

  • #9,561
  • May 22, 2017 8:16am May 22, 2017 8:16am
Quoting shinny
{quote} 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
Not exactly. The Rally on EUR was due to Merkel said that EUR is currently too weak and it was ECB fault. Investors take this as a pressure for ECB to rate hikes sooner than expected, and therefore a hawkish EUR.
So if you say that a EuroGroup meeting is 'just an endless series of jawboning' sooner or later it will hurt your balance. Let's hope not.

Remember that everything can happen on the markets, and you should really understand why the market moves (technical or fundamental). Just do not tell others that a red market news are just 'chatter'.

Regards and may the green pips be with you!
  • #9,562
  • May 22, 2017 9:01am May 22, 2017 9:01am
Quoting silazpt
{quote} Not exactly. The Rally on EUR was due to Merkel said that EUR is currently too weak and it was ECB fault. Investors take this as a pressure for ECB to rate hikes sooner than expected, and therefore a hawkish EUR. So if you say that a EuroGroup meeting is 'just an endless series of jawboning' sooner or later it will hurt your balance. Let's hope not. Remember that everything can happen on the markets, and you should really understand why the market moves (technical or fundamental). Just do not tell others that a red market news are just 'chatter'....
That wasn't the question that was asked though was it? Your about 5 hours too late regarding Merkel.

I've been trading quite successfully for 12 years, but thanks for your "advice".

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,563
  • May 22, 2017 10:15am May 22, 2017 10:15am
Attached Image


Shaun,

You had pointed out this pattern a little while back seen on today's chart. Interesting to note what happened after.
Life is too short to have anything but delusional notions about yourself.
  • #9,564
  • May 22, 2017 10:23am May 22, 2017 10:23am
Plan:
To enter at DB..
I entered somewhat late, at opening H2 price after maximum was reached today (125.285).
I sold. Downwards there was no visible support for at least 40 pips on H2.
40 pips. Donna recommended trading DB.
  • #9,565
  • May 22, 2017 10:27am May 22, 2017 10:27am
Quoting hoss
{image} Shaun, You had pointed out this pattern a little while back seen on today's chart. Interesting to note what happened after.
Hello Hoss

Your right, I did. Remember to always look at the whole picture my friend, with the Daily been as it was a break out north was on the cards. Keep attacking that trend!!

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,566
  • May 22, 2017 3:28pm May 22, 2017 3:28pm
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...
I want to begin with Retrogue by saying this: Your trading plan is the best I have seen yet. I thought I was reading one of mine. You had covered the 4 corners of the trend on each chart. You had literally seen the whole picture. If you had entered with the gap your 40 was there. But I do understand the spread situation and because you waited 2 hours for entry had placed your trade at risk with the DB on top. One of two scenarios was in the wake: One with the DB attaching with the SAR to continue the trend or two: A retrace back below the SAR for the DB connection and then continue with the trend. And with your trade taking you into the London session had placed your trade in the second scenario... The bottom line is your plan was very, very impressive. It was unfortunate the Asia session didn't take you higher for the TP. Just keep up the good work.
The Dove - Forex Trainer
  • #9,567
  • May 22, 2017 3:31pm May 22, 2017 3:31pm
Quoting Davie4x
Hello Dana and all traders. I have just finished reading your last post, I am normally quite shy but have felt inspired to write a post of encouragement to all those trying to trade with this great system and it comes from the heart! As I live in the UK my job sees me work through the London session and as a new daily candle starts here in the British summer time at 1am (12 midnight broker time) so about the only opportunity I get to practice with any real movement is the 6am candle which as we are GMT +1 then that covers the first one hour of the...
Davie, I want to thank you for a very impressive testimonial. I for one want to thank you for speaking from your heart. I appreciate it more than you know.
The Dove - Forex Trainer
  • #9,568
  • May 22, 2017 3:33pm May 22, 2017 3:33pm
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}
What size monitor are you using?
The Dove - Forex Trainer
  • #9,569
  • May 22, 2017 3:39pm May 22, 2017 3:39pm
Quoting lightnight4
Plan: To enter at DB.. I entered somewhat late, at opening H2 price after maximum was reached today (125.285). I sold. Downwards there was no visible support for at least 40 pips on H2. 40 pips. Donna recommended trading DB.
If you want to trade here then follow the rules. Any entry is with a 2 hour chart showing the entry.
The Dove - Forex Trainer
  • #9,570
  • May 22, 2017 3:49pm May 22, 2017 3:49pm
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...
Sorry Retrogue - I seen this posting late last night and did not realize the Fibo had already turned and drop after your posting. My fault - you are correct.
The Dove - Forex Trainer
  • #9,571
  • May 22, 2017 7:05pm May 22, 2017 7:05pm
It seems that on the daily candle, which closed, we have SAR connect to the top of the candle while DB is down. For position traders, one could short from here, back down for a trade that aligns with the trend - either now, or when parabolic flips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (6).png Size: 263 KB
  • #9,572
  • May 23, 2017 6:56am May 23, 2017 6:56am
Thank you Dove for your comments, I really appreciate your help and advice.

I was writing my plan last night, but became distracted by the news so I didn't continue. For the fellow Brits on here, I hope nobody or their children were involved in Manchester last night and thoughts are with the people affected.

Back tonight for another plan.
Never Give Up
  • #9,573
  • May 23, 2017 7:07am May 23, 2017 7:07am
Quoting Retrogue
Thank you Dove for your comments, I really appreciate your help and advice. I was writing my plan last night, but became distracted by the news so I didn't continue. For the fellow Brits on here, I hope nobody or their children were involved in Manchester last night and thoughts are with the people affected. Back tonight for another plan.
If you make up your own rules then the story is sad.....
  • #9,574
  • May 23, 2017 10:17am May 23, 2017 10:17am
Hello Traders

Here is my trade from today (GBPUSD):

2hr Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: GBP 230517 2HR.jpg Size: 409 KB


The Daily is in an uptrend, and my entry was around Daily Smooth. I missed the touch on the lower BB that went straight up for +40, so waited to get in at a similar price, which was at 2hr ROMAR.

The one issue with this trade was ROMAR as Support, and PSAR/Purple as Resistance and been very close. But the reasoning (in the rules) is that the market is in consolidation so trading is from the bottom up and top down. The Lower BB is close to ROMAR, and also the same level as Daily Smooth, so I was happy to be long.

Here is the Print:

Attached Image (click to enlarge)
Click to Enlarge Name: GBP PRINT 230517.jpg Size: 9 KB


Hope that helps.

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,575
  • May 23, 2017 11:23am May 23, 2017 11:23am
Hello Everyone. Sorry if I haven't been active on this forum for the past few days. I actually took a trip to Montreal, Canada. I downloaded the PDF that shinny kindly made and read it on the road numerous times. It was a little confusing, but after re-reading it, I do think I have a better understanding of everything (Well hopefully I do).

I will catch up on this forum, as I got back recently.

Just wanted to stop by and tell you all that I also visited "St. Joseph's Oratory of Mount Royal" on my trip. I have attached a few images below. The reason why I bring this up is because at this church, there are various "stations" that symbolize something important and you light a candle with a prayer connecting to that particular station. The one I have attached below is the "Joseph, Model of Labourers" station, which exemplifies the value of hard work and it's connection with Jesus.

I lit a few candles at this station for you all and gave a prayer to God so he can give us the strength and patience to master this incredible system that Dana was so generous to share with us.

I'll make sure to get back to the swing of things very soon.

You are all always in my prayers. I promise.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DSC_0390.JPG Size: 1.7 MB
Click to Enlarge Name: DSC_0392.JPG Size: 1.4 MB
Click to Enlarge Name: DSC_0393.JPG Size: 1.2 MB
Click to Enlarge Name: DSC_0391aa.jpg Size: 1.6 MB
Click to Enlarge Name: DSC_0394f.jpg Size: 1.3 MB
Click to Enlarge Name: DSC_0397.JPG Size: 1.6 MB
"Cast your burden upon the Lord and He will sustain you"
  • #9,576
  • May 23, 2017 11:40am May 23, 2017 11:40am
Quoting tullegate
Hello Everyone. Sorry if I haven't been active on this forum for the past few days. I actually took a trip to Montreal, Canada. I downloaded the PDF that shinny kindly made and read it on the road numerous times. It was a little confusing, but after re-reading it, I do think I have a better understanding of everything (Well hopefully I do). I will catch up on this forum, as I got back recently. Just wanted to stop by and tell you all that I also visited "St. Joseph's Oratory of Mount Royal" on my trip. I have attached a few images below. The reason...
Wow, thats amazing. Thanks for posting those fantastic images.

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,577
  • May 23, 2017 11:42am May 23, 2017 11:42am
Quoting shinny
{quote} Wow, thats amazing. Thanks for posting those fantastic images. Shaun
No problem Shaun!
"Cast your burden upon the Lord and He will sustain you"
  • #9,578
  • May 23, 2017 11:50am May 23, 2017 11:50am
MAY 23 TRADING PLAN AND ENTRY

EURJPY

DAILY
ROMAR - Support
EMA - Support
PSAR - Support

Notes: white, smooth and purple on a slider going up. ema has not crossed purple. SAR attached to the top, at 125.377 level. Red fib. BB bands are starting to get tight.

2H
ROMAR - Support
EMA - Support
PSAR - Resistance

Notes: White, smooth and purple on a slider. Ema has not crossed purple yet. However, DB and SAR attached at the 125.377 level, with hidden and standard divergence at the 0 (red) fib level. Parabolic flipped to resistance. MACD Pointing down.

1H
ROMAR - Support
EMA - Resistance
PSAR - Resistance

Notes: 4 horsemen shooting down with red fib.

ENTRY: SHORT on the parabolic/close to the 23.6 level. Market will most likely move down to daily purple (where the 40 take profit is). Also with the parabolic flip, the bottom of the fib will most likely be touched later on. 40/40 trade was taken.

Will post results and analysis when trade is closed.
Attached Image (click to enlarge)
Click to Enlarge Name: may23.png Size: 123 KB
"Cast your burden upon the Lord and He will sustain you"
  • #9,579
  • May 23, 2017 12:58pm May 23, 2017 12:58pm
Quoting tullegate
Hello Everyone. Sorry if I haven't been active on this forum for the past few days. I actually took a trip to Montreal, Canada. I downloaded the PDF that shinny kindly made and read it on the road numerous times. It was a little confusing, but after re-reading it, I do think I have a better understanding of everything (Well hopefully I do). I will catch up on this forum, as I got back recently. Just wanted to stop by and tell you all that I also visited "St. Joseph's Oratory of Mount Royal" on my trip. I have attached a few images below. The reason...
Thank you man, we will get it eventually I'm sure.
"Know thyself."
  • #9,580
  • May 23, 2017 1:17pm May 23, 2017 1:17pm
Quoting lightnight4
Plan: To enter at DB.. I entered somewhat late, at opening H2 price after maximum was reached today (125.285). I sold. Downwards there was no visible support for at least 40 pips on H2. 40 pips. Donna recommended trading DB.
Here is the entry on
Attached Image (click to enlarge)
Click to Enlarge Name: paradox_view3_h2_entry2.png Size: 37 KB
4 traders viewing now, 1 is registered:
marcingawel1