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The Paradox System

  • #9,721
  • May 29, 2017 11:43pm May 29, 2017 11:43pm
Quoting Nikitafen
This trade, a buy from the candle close where the arrow is pointing did not work out. In the rules it said price should retrace to the EMA during consolidation, or to Purple/White/Smooth during downtrend. It did not retrace to any of those. Can someone please point out my mistake, or should we never trade against the trend, which was still very much down on the H2? (referring to the lower BB hit). {image}
Hi Nikitafen,

I go long too. The market hit lower band at the 0 Fibo and green for up trend with Divergence to go long. I set my target 40 pip (near 23,6 Fibo). Just be patient, wait for the answer from the market. Believe in this system.

Cheer,
Trust. Commitment. Love
  • #9,722
  • May 29, 2017 11:46pm May 29, 2017 11:46pm
Quoting Nikitafen
This trade, a buy from the candle close where the arrow is pointing did not work out. In the rules it said price should retrace to the EMA during consolidation, or to Purple/White/Smooth during downtrend. It did not retrace to any of those. Can someone please point out my mistake, or should we never trade against the trend, which was still very much down on the H2? (referring to the lower BB hit). {image}
Hello

Most often, when you get a close at the BB in the same direction as both the Daily and 2hr - it is a confirmation of the move, not a reversal. If your going to trade against the 2hr 4 Horsemen, do it in the direction of the Daily Trend. Which is right now moving down.

So you would be selling Resistance, ie the Upper BB, in the expectation of the cycle turning back down into the Daily.

If you look at your entry, you bought the close of the first bar that PSAR showed up again - not a good idea when the market is dropping like it is.

Hope that helps.

Regards

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,723
  • May 29, 2017 11:57pm May 29, 2017 11:57pm
Quoting shinny
{quote} Hello Most often, when you get a close at the BB in the same direction as both the Daily and 2hr - it is a confirmation of the move, not a reversal. If your going to trade against the 2hr 4 Horsemen, do it in the direction of the Daily Trend. Which is right now moving down. So you would be selling Resistance, ie the Upper BB, in the expectation of the cycle turning back down into the Daily. If you look at your entry, you bought the close of the first bar that PSAR showed up again - not a good idea when the market is dropping like it is....
Thank you mr Shaun to point that out.
I'll do it better next time.

Regards,
Trust. Commitment. Love
  • #9,724
  • May 29, 2017 11:59pm May 29, 2017 11:59pm
Quoting shinny
{quote} Hello Most often, when you get a close at the BB in the same direction as both the Daily and 2hr - it is a confirmation of the move, not a reversal. If your going to trade against the 2hr 4 Horsemen, do it in the direction of the Daily Trend. Which is right now moving down. So you would be selling Resistance, ie the Upper BB, in the expectation of the cycle turning back down into the Daily. If you look at your entry, you bought the close of the first bar that PSAR showed up again - not a good idea when the market is dropping like it is....
It does a lot, thank you. I haven't come across a BB hit that I saw happening live, so I decided to just follow the stated rules. What I should have done is looked at the bigger picture as I usually try to do. Daily consolidation on top of uptrend is now turning down, and everything on H2 pointed to down at BB hit. Emotions got the better of me, as I missed a trade when purple crossed below white and a candle opened below smooth. (H2). It's a work in progress.
  • #9,725
  • May 30, 2017 4:15am May 30, 2017 4:15am
Quoting Nikitafen
{quote} It does a lot, thank you. I haven't come across a BB hit that I saw happening live, so I decided to just follow the stated rules. What I should have done is looked at the bigger picture as I usually try to do. Daily consolidation on top of uptrend is now turning down, and everything on H2 pointed to down at BB hit. Emotions got the better of me, as I missed a trade when purple crossed below white and a candle opened below smooth. (H2). It's a work in progress.
You interpreted the rule incorrectly. The rule says flat bands in consolidation and not open bands in trend.
The Dove - Forex Trainer
  • #9,726
  • Edited 9:09pm May 30, 2017 4:20am | Edited 9:09pm
Hi everyone,
My trading plan for 30-05

Date: 30-05-2017 10:00am (GMT+7)
Daily:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Fibo down
Notes: D1 four horsemen showing downtrend. DB attach at the top of the fibo and SAR go to lower.

2 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Fibo up
Notes: H2 trend down. But hit lower BB, DB attach at 0 Fibo and Fibo green for up trend with Divergence confirm the retrace.

1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Fibo up
Notes: H1 down trend with ROMAR, EMA and 4 horsemen are resistance.

Final Notes for all three charts: We are in strong downtrend but a retrace is coming.

Entry: Pulled trigger long at open next H1 candle set TP 40 SL 40.

Evaluation:+40 TP hit. The trade follow system rules. I was nervous as this countertrend trade.

Regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30-5-17-EURJPYproH2.png Size: 67 KB
Click to Enlarge Name: IMG_0400.PNG Size: 198 KB
Trust. Commitment. Love
  • #9,727
  • May 30, 2017 5:50am May 30, 2017 5:50am
Quoting Lhd
Hi everyone, My trading plan for 30-05 Date: 30-05-2017 10:00am (GMT+7) Daily: ROMAR - Support EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing - down Last EMA Alert Arrow - down Fibo up Notes: D1 four horsemen showing downtrend. DB attach at the top of the fibo and SAR go to lower. 2 HR: ROMAR - Resistance EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing - down Last EMA Alert Arrow - down Fibo down Notes: H2 trend down. But hit lower BB, DB attach at 0 Fibo and Fibo green for up trend with Divergence confirm...
your entry is right , but you didn't talk about the support confluence that make this retrace happen. if follow your plan there is another entry in last candle's open and that was a lost trade.

let's wait the commend from the masters.
  • #9,728
  • May 30, 2017 10:41am May 30, 2017 10:41am
Hello to everyone,

I have had the pleasure of the coaching of Dove with me and several others many years ago.
I know your in good hands and developing your skills as a trader, with his system and advice all will do well. So many of us just starting out need helpful advice, and a kick start to our journey we all want to develop.

It is good to see you Dove coaching again and spreading your insightful knowledge upon those that need help and assistance with the fun game of what we ALL love and call......
'TRADING'

Good luck to everyone on the paradox system .......... Enjoy!!

Cheers ....
  • #9,729
  • May 30, 2017 11:16am May 30, 2017 11:16am
Quoting Jordie
Hello to everyone, I have had the pleasure of the coaching of Dove with me and several others many years ago. I know your in good hands and developing your skills as a trader, with his system and advice all will do well. So many of us just starting out need helpful advice, and a kick start to our journey we all want to develop. It is good to see you Dove coaching again and spreading your insightful knowledge upon those that need help and assistance with the fun game of what we ALL love and call...... 'TRADING' Good luck to everyone on the paradox...
Hello Jordie and it is great seeing you here.

Traders - here is one of my favorite students. When she was in training those many years ago; she had become one of the great ones. It was amazing how quickly she had pulled it all together. I still talk about Jordie from time to time; because I had never seen anyone with the heart she had in learning. And that is all it takes is lots, and lots of heart to become one the great ones.

Thank you Jordie for stopping in and God bless you.
The Dove - Forex Trainer
  • #9,730
  • May 30, 2017 6:30pm May 30, 2017 6:30pm
Hi good people,

I was wondering if someone could please assist in my deficit of in the knowing?

Yesterdays trade plan is now posted below. SL40. I'm unable to currently evaluate the why.
If we look at the trade placed for the short, it was at the PSAR/SAR hit with the boxed yellow arrow with the objective at the unboxed yellow arrow, the Daily was looking for a short also. the H1 was in no man's land but i was not looking at it as i was looking at the H2 & Daily only as it was consolidation.
After the shorted entry i left the station as is my usual routine. SL was hit at ROMAR within less than 2hrs & prior to market news.

Yes i had seen the MACD up, and yet this is a similar setup to the SAR tutorial from the middle of the screen shot of a hit on PSAR/SAR (also attached below) with it's MACD up. I ignore the tutorial's Down EMA arrow as the EMA Down aarows seems to arrive, if my observations are correct, upon the preceding bar of a current bar movement. The one thing i am unable to compare is the pip distance between the tutorial screen shot as i can't see it : and the trade i took in which there was approx 50pip from ROMAR.

I guess my Q is, how would i have better chosen a short entry in this instance whilst we had the SAR hit upon the PSAR?
I'm looking for my wrong doing but unable to currently find it after a few hrs of pondering and referencing.
Many thanks for your thoughts

Oli

Date: EURJPY 1730 Sydney Time
CHECK NEWS RELEASE BEFORE TRADING Yes
- if No...... STOP .....do not proceed with Plan
Daily:
ROMAR - Support
EMA - Support
PSAR - Resistance
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 122.547
Fibo up or down Down
Notes: Consolidation. PSAR flip. SAR Attached. EMA is down.
2 HR:
OPEN PRICE - 124.089
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 123.144
Fibo up or down Up
Notes: Full Down Trend. Hit on BB with DB with Divergence SB.
1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment N/A on 1hr charts
Fibo up or down Up
Notes: Full Down Trend. Purple x White
Market News. 2400hrs USA
Have i double checked all of the above Yes or No. If No stop & go do it.
Yes - rules for
Final Notes: Daily is consolidated with PSAR Flip and a SAR attached. H2 full down trend with a H1 full down trend. The H1 purple x white.

Entry: Short off H2 SAR attachment at the PSAR

Adjustments:
Evaluation: 4.5 hrs after plan made H2 SAR attached at PSAR = Shorted. SAR went higher = SL40
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H2 EURJPY Entry 2017-05-30 at 10.26.24 pm.png Size: 126 KB
Click to Enlarge Name: Tutorial Screen Shot SAR Entry Scenarios 2017-05-31 at 9.02.47 am.png Size: 174 KB
If you make up your own rules then the story is sad.....
  • #9,731
  • May 30, 2017 6:40pm May 30, 2017 6:40pm
Date: 31/05/2017

Daily:
ROMAR - Support
EMA - Support
PSAR - Resistance

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

Notes: Parabolic already flipped for resistance, waiting for purple/ema crossing, SAR at 23.6 fibo. Flat BB.

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

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

Notes: Consolidation with romar resistance and ema support. Sar attached close to romar resistance. White/purple for beginning of downtrend
1 HR:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance

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

Notes:

Final Notes for all three charts: Market in Consolidation. Parabolic flipped already on the daily for a strong downtrend, H2 romar holding resistance with sar putting the market back into trend, H1 in full downtrend.


Short:
Entry with red ema alert arrow/open candle below ema with purple/white crossing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
  • #9,732
  • May 30, 2017 6:47pm May 30, 2017 6:47pm
Quoting OliveBranch
Hi good people, I was wondering if someone could please assist in my deficit of in the knowing? Yesterdays trade plan is now posted below. SL40. I'm unable to currently evaluate the why. If we look at the trade placed for the short, it was at the PSAR/SAR hit with the boxed yellow arrow with the objective at the unboxed yellow arrow, the Daily was looking for a short also. the H1 was in no man's land but i was not looking at it as i was looking at the H2 & Daily only as it was consolidation. After the shorted entry i left the station as is my usual...
I'm thinking because White had already crossed Purple to begin consolidating price, so the down movement already ended (H2). Daily candle had bounced up off 23.6 by then.
  • #9,733
  • May 30, 2017 7:56pm May 30, 2017 7:56pm
Quoting Nikitafen
{quote} I'm thinking because White had already crossed Purple to begin consolidating price, so the down movement already ended (H2). Daily candle had bounced up off 23.6 by then.
Yes, certainly entry was mid way between both the Daily 23.6% & EMA of which the EMA was also close enough to the H2 ROMAR; yet i guess i'm wondering... is this on it's own enough to tick the balance for the knowing that the SAR was likely to be going higher than the hit on the H2 Parabolic? Seems like a good hint indeed yet, is this where the only failure occurred?
If you make up your own rules then the story is sad.....
  • #9,734
  • May 30, 2017 8:16pm May 30, 2017 8:16pm
Quoting OliveBranch
{quote} Yes, certainly entry was mid way between both the Daily 23.6% & EMA of which the EMA was also close enough to the H2 ROMAR; yet i guess i'm wondering... is this on it's own enough to tick the balance for the knowing that the SAR was likely to be going higher than the hit on the H2 Parabolic? Seems like a good hint indeed yet, is this where the only failure occurred?
I'm only several weeks into this thread, reading from the start but I also try to participate in real time market movement at the latest posts. You would have to wait for the more experienced traders to be completely sure, but...on the H1 you had purple above EMA so EMA was acting as support. This is referencing the H1 chart as I understand. 4 horsemen in trend (including PSAR support), once again on H1.

As for the SAR on H2, I am still reading the most recent tutorial posted by Dana called "DB SAR FIBO" and re-reading to fully understand it, so you may find your answer there. I think overall the biggest mistake was not looking at the big picture on the daily chart. Also, we are in consolidation on the pair overall, and in consolidation we trade from the bottom up and from the top down. DB/SAR connected at the bottom on H2, so price had just hit support with green Fib flip to the up, so a short position was out of the question because support had just been hit?

Waiting for more traders to add/correct me.
  • #9,735
  • May 30, 2017 8:26pm May 30, 2017 8:26pm
Quoting OliveBranch
Hi good people, I was wondering if someone could please assist in my deficit of in the knowing? Yesterdays trade plan is now posted below. SL40. I'm unable to currently evaluate the why. If we look at the trade placed for the short, it was at the PSAR/SAR hit with the boxed yellow arrow with the objective at the unboxed yellow arrow, the Daily was looking for a short also. the H1 was in no man's land but i was not looking at it as i was looking at the H2 & Daily only as it was consolidation. After the shorted entry i left the station as is my usual...
ECB breaking news yesterday and make eurusd bump up 40 pips in one min and drop back, no one knows this happen.
  • #9,736
  • Edited May 31, 2017 7:02am May 30, 2017 9:05pm | Edited May 31, 2017 7:02am
good morning everyone
eur /jyp 31/05/2017
DAILY
ROMAR - SUPPORT
EMA - RESISTANCE
PSAR - RESISTANCE
CHECK LIST
LAST MACD 0 CROSSING -DOWN
LAST EMA ARROW -DOWN RED ARROW AFTER GREEN ARROW
DB/SAR - SAR ATTECHED LOWER CANDELE AT 123.144
FIBO - RED FIBO

NOTE -4horsman down trend B/B flat above romar market consolidation sar attecment at 23.6 fibo resistance

2 HR
ROMAR - RESISTANCE
EMA - SUPPORT
PSAR - SUPPORT ELIMINATED
CHECK LIST
LAST MACD 0 CROSSING - UP
LAST EMA ARROW - RED ARROW DOWN GREEN ARROW NOT SET BLINKING ON /OFF
DB /SAR - LAST DB /SAR ATTECHMENT AT 0 FIBO 123.144 SAR ATTECHMENT JUST BELOW ROMAR AT 124.379
FIBO - UP GREEN

NOTE - WHITE CRROSED PURPLE FOR DOWN PURPLE SLIDE OVER SMOOTH FOR SLIDE EMA CROSED TO SMOOTH 2 HR ALSO CONSOLIDATE
MARKET
1 HR
ROMAR -RESISTANCE
EMA - EMA SUPPORT
PARS - RESISTANCE
CHECK LIST
LAST MACD 0 CROSSING - UP
LAST EMA ARROW - RED ARROW DOWN BUT GREEN ARROW BLINGKING ON /OFF NOT SET
FIBO - GREEN UP

NOTE 4 HORSMAN AT CENTER THEY FIGHT FOR SETTLE

FINAL NOTES CONSOLIDATE MARKET WE CAN BOTH SIDE TRADE I WILL GO TO SELL WHEN 2HR SMOOTH AND EMA BECOME RESISTANCE AND BUY IF
MARKET OPEN ABOVE PURPLE AND SMOOTH SLIDE UNDER PURPLE
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.png Size: 49 KB

FINALY I GOT MY +40 AFTER UP AND DOWN
  • #9,737
  • May 30, 2017 10:56pm May 30, 2017 10:56pm
Hi everyone,
My trading plan for today

Date: 31-05-2017 10:00am local
D1:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing - down
Last EMA Alert Arrow - down
Fibo down
BB flat
Notes: D1 four horsemen showing downtrend. EMA cross Purple. SAR at 23.6 fibo.

H2:
ROMAR - Resistance
EMA - Support
PSAR - Support
Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Fibo up
Notes: H2 in consolidation. Sar attached close to romar. White cross purple for downtrend, EMA, smooth hold support

H1:
ROMAR - Resistance
EMA - Support
PSAR - Resistance
Check List:
Last MACD 0 crossing - up
Last EMA Alert Arrow - up
Fibo up
Notes: H1 uptrend with white smooth purple support and romar, psar resistance.Sar attached above romar with Divergence. Psar eliminated as EMA cross purple.
Final Notes for all three charts: Market is in consolidation. trade support/resistance
Entry: Pulled trigger short at open next H1 candle set TP 40 SL 40.

Evaluation:

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: 31-5-17-EURJPYproH2.png Size: 75 KB
Trust. Commitment. Love
  • #9,738
  • May 31, 2017 5:58am May 31, 2017 5:58am
Hi everyone,

My trade from today. I didn't have the time last night to make a plan and be in the right state of mind, so for the first time I created my plan for the London/ US session.

Date: 31-5-2017 06:45 UK time

News Releases: No red entries for EUR/USD or JPY today.

Daily:
ROMAR - Support
EMA - Resistance
PSAR - Resistance

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

Notes: Consolidated downtrend. Romar support. Parabolic flipped down as resistance and EMA now at purple. SAR attached at 23.6 fibo as support. Daily four candles out of balance.

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

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


Notes: Consolidated uptrend. Parabolic and four horsemen up, Romar resistance. Change of swing earlier with EMA, and now EMA sliding under the four horsemen. Last DB down at the daily support level, next DB will be at the top. MACD still up.

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

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

Notes: Consolidated uptrend. Four horsemen up after EMA slider. Romar resistance. BB flat. MACD still up.

The Paradox Story In The Big Picture: Daily down. H2 up, H1 up. Daily EMA now showing as resistance and Romar as support. H2 had a change of swing last night with the EMA reversal and EMA sliding under horsemen overnight. Last H2 DB down with SAR up. Paradox tells me the H2 fibo has marked the support level, tied in with the daily. Next SAR will be down and eventually DB on top. Waiting on hit on support to go long.

Entry:
Long: Daily candle opened and market moved up for purple balance. Waited till mid morning UK time and the SAR hit the parabolic, with EMA sliding under horsemen and MACD still up. TP 40 and SL 40 set. Target is below ROMAR for the TP.


Evaluation: +40 TP hit. This was a completely in the moment trade. The market was really moving, so I entered as low as I could, but still 10 pips from the parabolic. H2 strong parabolic uptrend overnight with the change of swing with EMA. DB still down so next on top. Had a +40 and spread gap to Romar resistance. Total faith in Dove's Paradox gave me the confidence to pull the trigger mid candle into the trend with confluence, set TP and SL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 31 -5 2017 entry.JPG Size: 196 KB
Click to Enlarge Name: result.JPG Size: 187 KB
Never Give Up
  • #9,739
  • May 31, 2017 6:19am May 31, 2017 6:19am
I am deeply respectful of Dove who shared his personal creation through this forum. May ypu be blessed for the kindness. I look forward to your kind guidance in humbly trying to learn trading with Paradox.

I seek guidance in getting the charts right, can someone please comment on the 2 hour chart on my mt4 demo account with City Index, who has acquired forexdotcom in Australia. In fact when I click on the open account on forexdotcom, i takes me to city index's aussie site, seems like I have no way of getting a forexdotcom account due to being in Australia.

As I can see by comparing to recently posted 2Hr charts in the thread, it looks different. I have gone and re-installed the Paradox indicators twice from scratch, with same result. I also tried demo account with FXCM, with similar results. My monitor is set to 1600X900 resolution.

The visible difference is that the last 2 swings on the H2 are the magenta (SAR) attachments in my charts, as against the DB attachments in others' recent H2 charts.

To my understanding gained from reading post 21 by Dove,

" ....So there are two variations lines for the swing; DodgerBlue and Magenta. DodgerBlue is for the longer term of the swing and Magenta is for the shorter term known as the SAR. ...."

Would you expect the DB to attach less frequently than the Magenta ? OR am I suffering from utter confusion ?
Attached Image (click to enlarge)
Click to Enlarge Name: 2H_eurjpy.png Size: 135 KB
  • #9,740
  • May 31, 2017 6:46am May 31, 2017 6:46am
Quoting Retrogue
Hi everyone, My trade from today. I didn't have the time last night to make a plan and be in the right state of mind, so for the first time I created my plan for the London/ US session. Date: 31-5-2017 06:45 UK time News Releases: No red entries for EUR/USD or JPY today. Daily: ROMAR - Support EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing - down Last EMA Alert Arrow - down Last DB Attachment - down Fibo down Notes: Consolidated downtrend. Romar support. Parabolic flipped down as resistance and EMA now at purple. SAR attached...
Thanks friend, benefiting from your excellent trading plans.
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