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The Paradox System

  • #9,601
  • May 24, 2017 10:15am May 24, 2017 10:15am
Quoting tullegate
{quote} This was a losing trade. Looking back, I think it was a dumb trade because the ROMAR was support on all 3 charts. So the long term trends were up and I shouldn't have traded against the trend. I can't believe I missed this important detail. I just thought since it was ranging, I could have got the 40, but I should have traded long only.
We have all done it - so dont worry. We all learn from our mistakes, thats the only way to learn. Chin up, and move on.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,602
  • May 24, 2017 10:40am May 24, 2017 10:40am
Quoting shinny
{quote} We have all done it - so dont worry. We all learn from our mistakes, thats the only way to learn. Chin up, and move on.
Thank you for the encouragement Shinny. I was studying from your past posts and you mentioned we should only countertrade if the daily is out of balance with purple, and I saw that it was out of balance, so I entered for the short. But I think for now, I should just trade in the direction of ROMAR before getting to countertrading. So if EMA is above romar, I should only trade long.
"Cast your burden upon the Lord and He will sustain you"
  • #9,603
  • May 24, 2017 10:54am May 24, 2017 10:54am
Shaun just have a quick question if you don't mind - In this tight ranging on H2 for the past 2 days we are sat waiting for the breakout, I take it in these situations you trade other pairs such as gbp/usd for example? I've seen a few comments about trading a secondary pair and wondered if this is what you referenced. Obviously as a beginner I wouldn't and I'm just waiting to get back into the eur/jpy market.
Never Give Up
  • #9,604
  • May 24, 2017 10:57am May 24, 2017 10:57am
Quoting jakdan
traders green divergence on its own, time to get the snapshots for future. "amazing"
There we go, DB attached to higher high and bumped the fibo up slightly. Hidden divergence has now showed us the third attachment, am I seeing this right?
Never Give Up
  • #9,605
  • May 24, 2017 10:59am May 24, 2017 10:59am
Quoting tullegate
{quote} Thank you for the encouragement Shinny. I was studying from your past posts and you mentioned we should only countertrade if the daily is out of balance with purple, and I saw that it was out of balance, so I entered for the short. But I think for now, I should just trade in the direction of ROMAR before getting to countertrading. So if EMA is above romar, I should only trade long.
My two cents here, don't ever countertrade, I lost when I tried and I was told not to break the rules and countertrade, despite having these same reasons. Check post 8859, 8862 and 8881 for reference.

In my opinion Shaun can do it because he's a master in the rules of the Paradox but if you ask me... let's trade as safe as possible.

Regards and hope my failures help you.

Pablo.
"Know thyself."
  • #9,606
  • May 24, 2017 11:02am May 24, 2017 11:02am
Quoting Retrogue
{quote} There we go, DB attached to higher high and bumped the fibo up slightly. Hidden divergence has now showed us the third attachment, am I seeing this right?
Isn't it the 4th? First being 2017.05.19 14h bar? I don't know really, I'm studying to get this clarified, divergences are my arch enemy so far but I'm decided to tame them.
"Know thyself."
  • #9,607
  • May 24, 2017 11:04am May 24, 2017 11:04am
Quoting miau1
{quote} My two cents here, don't ever countertrade, I lost when I tried and I was told not to break the rules and countertrade, despite having these same reasons. Check post 8859, 8862 and 8881 for reference. In my opinion Shaun can do it because he's a master in the rules of the Paradox but if you ask me... let's trade as safe as possible. Regards and hope my failures help you. Pablo.
Yes, sometime I feel like I overcomplicate things. I like to keep it simple like Shaun. I guess time and experience makes you gain your "edge". We will all get there one day with persistence and good faith.
"Cast your burden upon the Lord and He will sustain you"
  • #9,608
  • May 24, 2017 11:11am May 24, 2017 11:11am
Quoting tullegate
{quote} Yes, sometime I feel like I overcomplicate things. I like to keep it simple like Shaun. I guess time and experience makes you gain your "edge". We will all get there one day with persistence and good faith.
Yeah, don't tell me about overcomplicating or having an analytical mind...
"Know thyself."
  • #9,609
  • May 24, 2017 11:16am May 24, 2017 11:16am
Quoting miau1
{quote} Isn't it the 4th? First being 2017.05.19 14h bar? I don't know really, I'm studying to get this clarified, divergences are my arch enemy so far but I'm decided to tame them.
Sorry yes fourth attachment. I too am studying divergences going back through the posting by Dove on it after work tonight.
Never Give Up
  • #9,610
  • May 24, 2017 12:44pm May 24, 2017 12:44pm
I have been studying and been answering my own questions along the way, but there are a couple of questions that I have that I have not been able to find the answer to in the thread. I am currently on page 138 and with these being basic questions, they should have already been answered at this point. Perhaps I missed them. Here are my questions:

1. On post #828 Dove responded to a question asking about moving stops to breakeven with the following:
Quote
The B/E is set after 15+ pips of profit because if you are less then 15 pips the chances of being taken out with B/E is greater then above. And with the E/J I would go 20 profit before B/E because of the volatility.
Yet in post #21 where the rules are initially laid out it Dove states:
Quote
You always use a 40 pip stop and you never move it.
Not sure what I am missing here. Is there a time when the stop is moved to breakeven?

2. I understand what DB is, but what does DB stand for? Is it Dodger Blue?

3. Is the red line that connects the SAR to the current candle price the uncompleted SAR?

It is very encouraging to be reading through the thread from the beginning and see an early Shinny asking questions trying to understand the system. Definitely makes mastery seem more attainable.

My biggest takeway from everything that I have learned thus far has been the importance of a trading plan. Over the past 5 years my trading has always consisted of a quick analysis of the market and an instant trade. Of course doing this I always got mixed results. Thanks to this thread, even if I stopped following it today, I will never enter the market without a plan.

Anyway, I am going back to the sidelines. Got a lot of studying and testing to do.

Thank you Dove for sharing your system and thank you all for continuing to help others.

-Lonnie
  • #9,611
  • May 24, 2017 12:50pm May 24, 2017 12:50pm
I know one answer... DB is dodger blue.
You can use breakeven once you know the system well , you achieve 80%+ profit per week.
  • #9,612
  • May 24, 2017 12:53pm May 24, 2017 12:53pm
Quoting lcoff
I have been studying and been answering my own questions along the way, but there are a couple of questions that I have that I have not been able to find the answer to in the thread. I am currently on page 138 and with these being basic questions, they should have already been answered at this point. Perhaps I missed them. Here are my questions: 1. On post #828 Dove responded to a question asking about moving stops to breakeven with the following: {quote} Yet in post #21 where the rules are initially laid out it Dove states: {quote} Not sure what...
to me, the red line is indeed the uncompleted SAR, or at least a showing of current price in relation to previous attachment.
  • #9,613
  • May 24, 2017 12:53pm May 24, 2017 12:53pm
Quoting lcoff
I have been studying and been answering my own questions along the way, but there are a couple of questions that I have that I have not been able to find the answer to in the thread. I am currently on page 138 and with these being basic questions, they should have already been answered at this point. Perhaps I missed them. Here are my questions: 1. On post #828 Dove responded to a question asking about moving stops to breakeven with the following: {quote} Yet in post #21 where the rules are initially laid out it Dove states: {quote} Not sure what...
Hello there, I'll try to help before I leave:

1.- Currently we use 40SL/40TP and never move it. When you achieve mastery I think you can play with break evens and so (for example to ride news after your operation is in profit already).

2.- Yes.

3.- I don't know if calling it an uncompleted SAR, but I do know sometimes it dissapears and others it changes to SAR: for example in the current H2 chart, if price would go higher it would dissapear and DB would attach in the new high, but if price goes lower it will become SAR (and if goes even lower, DB will attach over this SAR).

Regards.
"Know thyself."
  • #9,614
  • May 24, 2017 1:01pm May 24, 2017 1:01pm
Quoting lcoff
I have been studying and been answering my own questions along the way, but there are a couple of questions that I have that I have not been able to find the answer to in the thread. I am currently on page 138 and with these being basic questions, they should have already been answered at this point. Perhaps I missed them. Here are my questions: 1. On post #828 Dove responded to a question asking about moving stops to breakeven with the following: {quote} Yet in post #21 where the rules are initially laid out it Dove states: {quote} Not sure what...
The only ones that are able to move their stops is for long term trading like with the Daily chart; and you are not one them. And until you are at the 80% with the 40/40 rule you cannot use B/E - period. The 40/40 rules is for you to learn how to trade in using the right entries. That also goes for you nightlight4.
The Dove - Forex Trainer
  • #9,615
  • May 24, 2017 1:16pm May 24, 2017 1:16pm
If you look at your Daily and see the tightness of the Purple, White, and Smooth (all of them are support). You have EMA and the Parabolic as support. You now have the DB on the Bottom after hitting the Parabolic last week. The SAR on top of this Daily candle as resistance. ROMAR is also support.

So - with all this support on the Daily - which way you think the market is going? And where would you be trading from on the H2? Especially in ranging mode.
The Dove - Forex Trainer
  • #9,616
  • May 24, 2017 1:21pm May 24, 2017 1:21pm
Early this morning you had a great opportunity with the hit on the H2 Parabolic for a trade into the Daily uptrend. The answer for which way on the H2 is from support.
The Dove - Forex Trainer
  • #9,617
  • May 24, 2017 2:12pm May 24, 2017 2:12pm
all trends up on daily, H1,H2.
entered below psar as sell...
There red arrow down, white arrow.
That is why I thought it could go downward..
as last DB was up, so I thought trend was going down.
Entered just under psar, I sold..
It did not work out. 40 pip stop was triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: paradox_h2_entry4.png Size: 36 KB
  • #9,618
  • May 24, 2017 3:28pm May 24, 2017 3:28pm
Quoting lightnight4
all trends up on daily, H1,H2. entered below psar as sell... There red arrow down, white arrow. That is why I thought it could go downward.. as last DB was up, so I thought trend was going down. Entered just under psar, I sold.. It did not work out. 40 pip stop was triggered. {image}
We have told you many times and gave instructions: When you post a trade off your trading plan; you post it on your demo and then you take a screen shot of your H2 chart which will be showing your entry with the 40 TP and 40 SL. That is the only chart we want to see for your entry chart.
The Dove - Forex Trainer
  • #9,619
  • May 24, 2017 5:13pm May 24, 2017 5:13pm
Hi everyone, here is my plan for this Sydney session:

News Alerts? Opec Meetings all day, 13:30 US News alert


Date: 24/05/2017 22:30 UK time

Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - up
Last DB Attachment - down
Fibo down

Notes: Uptrend. Four horsemen showing their power holding the uptrend. DB down at the parabolic support. SAR at the top of the daily candle showing resistance

2 HR:
ROMAR - Support
EMA - Support
PSAR - Support

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - up
Last DB Attachment - up
Fibo down

Notes: Uptrend. Parabolics showing strong uptrend with EMA. Purple, smooth and white showing strong uptrend. Normal and hidden divergence showing at the top of the fibo with the DB connection. Last EMA arrow up, then macd up, followed by an opposing macd arrow down.

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

Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - up
Fibo down

Notes: H1 showing the swing down retrace to support with white crossing purple, followed by smooth and parabolic flip. EMA still holding support.

Final Notes for all three charts: Daily Uptrend. H2 Uptrend. H1 with swing down to support. All charts lined up for uptrend consolidation. Entry will be off support.

Entry:

Long: SAR attached on the downside on H2 for an entry back into the uptrend at 23.6 fibo with EMA support. Pulled the trigger long. Set TP 40 SL 40
Attached Image (click to enlarge)
Click to Enlarge Name: H2 entry.JPG Size: 196 KB
Never Give Up
  • #9,620
  • May 25, 2017 1:09am May 25, 2017 1:09am
Quoting Retrogue
Hi everyone, here is my plan for this Sydney session: News Alerts? Opec Meetings all day, 13:30 US News alert Date: 24/05/2017 22:30 UK time Daily: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing - down Last EMA Alert Arrow - up Last DB Attachment - down Fibo down Notes: Uptrend. Four horsemen showing their power holding the uptrend. DB down at the parabolic support. SAR at the top of the daily candle showing resistance 2 HR: ROMAR - Support EMA - Support PSAR - Support Check List: Last MACD 0 crossing - down Last EMA...
Evaluation:

Trade hit +40
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20170525-070535.png Size: 352 KB
Never Give Up
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