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The Paradox System

  • #9,921
  • Jun 13, 2017 12:46pm Jun 13, 2017 12:46pm
Trade result: +40 pips.
Self-evaluation: Price went on my favor the first candle and then it consolidated for a while around D1 Smooth until H1 horsemen started the turn down. H1 ROMAR held resistance and despite not meeting the trend conditions for anti-psar entry (because of D1 ROMAR) and EMA-MACD arrows in the right order against it, confluence of resistances was big enough.

As always, any input is greatly appreciated.
"Know thyself."
  • #9,922
  • Jun 13, 2017 2:45pm Jun 13, 2017 2:45pm
Quoting jakdan
Date: 13/06/17 6.06 GMT EUR/JPY Daily: Open at purple ROMAR - Support EMA - Resistance PSAR Resistance Check List: Last MACD 0 crossing: Down Last EMA Alert Arrow: Down Last DB Attachment: 125.903 High Fibo: Down Notes: The Daily has the 4 horsemen heading down with an open at purple. SAR (RANGING) last High 125.298. Last at low 122.619 together with only Gold Divergence with a touch on the lower BB which is starting to open up. MACD still on the low, ROMAR now above the BB. Market in balance. 70 to ROMAR, 52 for DB to join SAR below Gold Divergence....
Self evaluation: i need to start work an hour later, far too impatient to make the trade prior to leaving, however this one i did not see and was expecting to be 40 up by the time i got to work. i thought i had covered the angles but obviously not. help required for this one traders i would have put my house on this being a slider for the down!
my only doubt was the H2 fibo flip to green, the open above smooth but it wasnt with the white purple cross i thought everything else was good to go.
sorry for the time in replying i locked myself in the office and re rad the whole thread. (almost)
PS im getting worse at this!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Short after late SAR H2.PNG Size: 70 KB
Stop killing our Oceans, Stop using single use plastics.
  • #9,923
  • Jun 13, 2017 3:04pm Jun 13, 2017 3:04pm
Quoting jakdan
{quote} Self evaluation: i need to start work an hour later, far too impatient to make the trade prior to leaving, however this one i did not see and was expecting to be 40 up by the time i got to work. i thought i had covered the angles but obviously not. help required for this one traders i would have put my house on this being a slider for the down! my only doubt was the H2 fibo flip to green, the open above smooth but it wasnt with the white purple cross i thought everything else was good to go. sorry for the time in replying i locked myself...
Hi mate,

Just my 2 cents from what I have learnt so far, that sar/ema entry is for a re entry into a trend and this is consolidation, at the moment its all about waiting for the market to move and use the daily for resistance / support reference. Like today with the daily ema resistance hit tied in with db, divergence and h2 romar. Hopefully thats helpful
Never Give Up
  • #9,924
  • Jun 13, 2017 3:13pm Jun 13, 2017 3:13pm
Quoting Retrogue
{quote} Hi mate, Just my 2 cents from what I have learnt so far, that sar/ema entry is for a re entry into a trend and this is consolidation, at the moment its all about waiting for the market to move and use the daily for resistance / support reference. Like today with the daily ema resistance hit tied in with db, divergence and h2 romar. Hopefully thats helpful

cheers Bud your 2 cents is worth a dollar, thanks for your help.
Stop killing our Oceans, Stop using single use plastics.
  • #9,925
  • Jun 13, 2017 5:01pm Jun 13, 2017 5:01pm
# 85 Date - 13/06/2017
D1: (Purple balance: Down under 50 pips) ≈ balanced
ROMAR - Support
EMA - Resistance & Support
PSAR - Resistance
Check list:
Last EMA arrow - Down
Last MACD arrow - Down
Last DB/SAR - Bottom/Bottom
Fibonacci - Down
Notes: (Big news in 15h). DB/SAR still not connected, horsemen are full downtrend and fibo is red indicating the connection will happen down unless ROMAR gets above 122.619 and stops the price before reaching that level. Trend down, ranging seems to be finishing, timeframe consolidated because ROMAR is still support. Closest Support is Purple (near 61.8) and closest resistance is Smooth.

H2:
ROMAR - Resistance
EMA - Resistance & Support
PSAR - Nullified Support
Check list:
Last EMA arrow - Up
Last MACD arrow - Up
Last DB/SAR - Together top
Fibonacci - Up
Notes: Magenta divergence finished the DB swing before ROMAR pushed market down, next connection is for the swing down. Top of the green fibo wasn’t reached and market made a LH, moving with ROMAR trend. Horsemen starting a turn down with White crossing Purple 6h ago and Smooth about to cross Purple to change the consolidated trend. Steady PSAR up angle but getting closer to EMA (which is getting closer to Purple itself) for the possible flip. Trend up, consolidation between ROMAR and PSAR. BBs closing confirming the consolidation before the turn or slider. Whatever it will be, still soon to know (so far seems it will be a turn, because Smooth is crossing Purple 3 candles after White, but still need to wait to Smooth crossing of white and where’s EMA according to Purple to be certain).

H1:
ROMAR - Resistance
EMA - Resistance
PSAR - Resistance
Check list:
Last MACD arrow - Down
Fibonacci - Down
Notes: Horsemen trend down, but White crossed Purple and it could change, this timeframe was trending down until that cross, now consolidated.

Final notes for all three charts: There’s a consolidation that makes waiting mandatory, but currently the only option I consider due the distance to H2 ROMAR is going short. Anyway, to do so, would need to be sure about the turning of EMA not being a slider first. That means waiting and making readjustments in the morning (can’t stay awake tonight so I assumed I will probably miss the entry if not a slider).
Entry:
Short: After the turn of EMA, confirmed by arrows and crossings of White-Smooth and EMA-Purple, from resistance. Will reevaluate and readjust in the morning, as this trading plan might not be relevant anymore.
"Know thyself."
  • #9,926
  • Jun 13, 2017 6:12pm Jun 13, 2017 6:12pm
Praise once more for this system, watching how the market moves, and how the indicators move alongside each other is painting a picture. Each indicator is like a color, and the painting won't work unless all the indicators (colors) are utilized.
  • #9,927
  • Jun 13, 2017 9:54pm Jun 13, 2017 9:54pm
Hey everyone, just found this thread and I'm planning to get to work right away. I just went through a terrible breakup and I need to get my life back on-track. My focus for the next year will be to learn trading from this system. Quick background: I have never traded before.

So I have everything set-up and am learning about all the different indicators so far. The only thing that's really stumped me is this whole broker gmt time concept. I think it's because I'm totally new to this whole thing.

I am living in Tokyo so I'm GMT+9. Currently, since it is DST period, new york is GMT-4.

Does that mean I should change gmtServerOffset - in the Inputs tab to -13? What exactly does this change though?????
  • #9,928
  • Jun 13, 2017 10:29pm Jun 13, 2017 10:29pm
good morning evryone
which broker other than forex .com witch have 6 candle in week because in india forex.com not have office . i have alpari acount but it is not suitable for paradox system if any have suggest
  • #9,929
  • Jun 13, 2017 11:55pm Jun 13, 2017 11:55pm
Quoting Bsverma
good morning evryone which broker other than forex .com witch have 6 candle in week because in india forex.com not have office . i have alpari acount but it is not suitable for paradox system if any have suggest
use forex.com demo for paradox practicing and if you good enough then trade live in another broker but still use forex.com demo for paradox. +/- 40 with your broker current position for entry instead use the forex.com's position.because the market position may different from forex.com between 0-1.5 pips. and that is not a problem
  • #9,930
  • Jun 13, 2017 11:57pm Jun 13, 2017 11:57pm
Quoting sanzoh
Hey everyone, just found this thread and I'm planning to get to work right away. I just went through a terrible breakup and I need to get my life back on-track. My focus for the next year will be to learn trading from this system. Quick background: I have never traded before. So I have everything set-up and am learning about all the different indicators so far. The only thing that's really stumped me is this whole broker gmt time concept. I think it's because I'm totally new to this whole thing. I am living in Tokyo so I'm GMT+9. Currently, since...
it is not depend on where you live, is depend on the broker time. use the forex.com mt4 demo account then you will get the right set up
  • #9,931
  • Edited 6:07am Jun 14, 2017 12:22am | Edited 6:07am
Quoting sanzoh
Hey everyone, just found this thread and I'm planning to get to work right away. I just went through a terrible breakup and I need to get my life back on-track. My focus for the next year will be to learn trading from this system. Quick background: I have never traded before. So I have everything set-up and am learning about all the different indicators so far. The only thing that's really stumped me is this whole broker gmt time concept. I think it's because I'm totally new to this whole thing. I am living in Tokyo so I'm GMT+9. Currently, since...
Hello Sanzoh. I'm also a new student of this system. Being successful in trading is one of the hardest things in the world if one has no one to support confidence. In that case, talking about it with anyone who is not a successful trader may destroy your faith. But nothing that's worthwhile is ever easy.. The market will test you and you may fall into many traps. You can escape the traps by following the rules and learning with the demo. The focus should be kept on learning. If one gets greedy there will be swift retribution. It's not the Market which destroys people's money that is evil, but it's the mind that makes the makes trades not based in the trading plan, or the rules. One should have a positive mind, free from fear, anger, greed -afflictions. I'm not trying to act as a guru here, but these are some key points that I've found in learning. It's been said many times that Dove's posts contain everything that is needed to learn. Biblical references are good, because they contain fundamentals of faith, and faith is useful before certainty is developed.
  • #9,932
  • Jun 14, 2017 1:02am Jun 14, 2017 1:02am
Date: 1/06/17 6.39 GMT EUR/JPY

Daily: Open above smooth
ROMAR - Support
EMA - Resistance
PSAR – Resistance

Check List:
Last MACD 0 crossing: Down
Last EMA Alert Arrow: Down
Last DB Attachment: 122.566 no tag
Fibo: Down

Notes: The Daily has the 4 horsemen heading down with an open above smooth. With white at purple, SAR (RANGING) last High 125.298. Last at low 122.619 together with only Gold Divergence with a touch on the lower BB which is starting to open up. MACD still on the low, ROMAR now above the BB. Market in balance.

2 HR:
OPEN PRICE – 123.365 – 123.444
ROMAR - Resistance
EMA - Support
PSAR – Support

Check List:
Last MACD 0 crossing: UP
Last EMA Alert Arrow: Up
Last DB Attachment: 123.736
Fibo: Up

Notes: The 2 hour has the four horsemen running flat just under ROMAR resistance turning up with white, smooth and EMA just above purple, DB with Magenta Divergence attached at the high with hazel tag. fib flip green, MACD above the 0, top BB opened up and inside Fibo.

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

Check List:
Last MACD 0 crossing: Up
Last EMA Alert Arrow: Up
Last DB Attachment: N/A
Fibo: Down

Notes: The 1 hour has the four horsemen heading North with the market above all acting as support. BB nippied together and now flat.

Final Notes for all three charts: the market is in Consolidation 1H up, H2 Down, Daily Up but heading down.
Entry:
Consolidation: looking to short off H2 Romar or Daily EMA.
Long:
Short:

NEWS: US Figures 1.30 GMT together with FOMC 7.00PM
After trade notes:
Stop killing our Oceans, Stop using single use plastics.
  • #9,933
  • Jun 14, 2017 1:24am Jun 14, 2017 1:24am
Quoting sanzoh
Hey everyone, just found this thread and I'm planning to get to work right away. I just went through a terrible breakup and I need to get my life back on-track. My focus for the next year will be to learn trading from this system. Quick background: I have never traded before. So I have everything set-up and am learning about all the different indicators so far. The only thing that's really stumped me is this whole broker gmt time concept. I think it's because I'm totally new to this whole thing. I am living in Tokyo so I'm GMT+9. Currently, since...
Welcome aboard,

I see we are alike, I too try to fight the emotional pain with personal improvement and I encourage you to try your best here, once and again no matter what -when you read the thread and see my posts will know why I say that-. Trust me, not having past expecience is a perk rather than a baggage here, as this system is everything but standard in any fashion.

About your question, just keep reading the thread, as is explained two or three times what parameters to change. It depends from our broker time and it means than you need to thange those only when EST changes to EDT and vice-versa, no matter where you live. Right now we are in EDT and templates have EST by default so are not right currently. What I did is configuring my templates as I was reading the thread, and using them as a learning reference in the meantime (for example to see how an indicator is called or behaves).

Regards,

Pablo.
"Know thyself."
  • #9,934
  • Jun 14, 2017 3:07am Jun 14, 2017 3:07am
Quoting kaizkung
{quote} use forex.com demo for paradox practicing and if you good enough then trade live in another broker but still use forex.com demo for paradox. +/- 40 with your broker current position for entry instead use the forex.com's position.because the market position may different from forex.com between 0-1.5 pips. and that is not a problem
thanks sir
but if any platform which is not have 1week 6 candale than data not correct may be because i compaire alpari with forex .com
  • #9,935
  • Jun 14, 2017 3:23am Jun 14, 2017 3:23am
Quoting Bsverma
{quote} thanks sir but if any platform which is not have 1week 6 candale than data not correct may be because i compaire alpari with forex .com
mr.dove develop this mt4 version paradox system base on the forxe.com mt4 platform, and this system is depend on the Sydney market opened data . So if the other broker got the different spread or position or gap or spike ,then the data will be wrong. So don't use other. And I haven't found another broker that got 6 candle per week. So we can only use forex.com ,don't have to mind the little different with the price,because good broker's movement is totally same as each other.
  • #9,936
  • Jun 14, 2017 6:21am Jun 14, 2017 6:21am
Quoting kaizkung
{quote} mr.dove develop this mt4 version paradox system base on the forxe.com mt4 platform, and this system is depend on the Sydney market opened data . So if the other broker got the different spread or position or gap or spike ,then the data will be wrong. So don't use other. And I haven't found another broker that got 6 candle per week. So we can only use forex.com ,don't have to mind the little different with the price,because good broker's movement is totally same as each other.


THANKS SIR
  • #9,937
  • Jun 14, 2017 9:43am Jun 14, 2017 9:43am
Quoting Nikitafen
{quote} I think you have *3* extra bars on your chart. Not trying to be naggy or annoying, I am far from achieving understanding with the Paradox, but count your bars to make sure it is showing 39 bars with a spread of 40. (it just kinda caught my eye)
Thank you for letting me know. I forgot to change my bars after I refreshed the template. I accidentally moved something.
"Cast your burden upon the Lord and He will sustain you"
  • #9,938
  • Jun 14, 2017 9:50am Jun 14, 2017 9:50am
Quoting tullegate
June 12 - Entry and Trading Plan - EURJPY DAILY ROMAR - Support EMA - Resistance PSAR - Resistance Notes: 4 horsemen shooting down with red fib. Last SAR attachment at the bottom of candle at 122.619 with gold divergence. 2H ROMAR - Resistance EMA - Resistance PSAR - Resistance Notes: 4 horsemen shooting down. Purple and white did not cross for the up. DB above SAR at 122.700 level (green box) with divergence. No BB are found in the fib. MACD and EMAx pointing down. 1H ROMAR - Resistance EMA - Resistance PSAR - Resistance Notes: White and purple...
Losing trade.

I do think I did a good job for waiting for the 1H and the 2H to be in sync with each other. However, this is why I don't like trading on any support/resistance for the most part other than PSAR. I feel like when I trade off the PSAR hits with correct MACD signal, then I feel like my trades mostly end up being successful, because it's from the bottom to the top/vise-versa.

My struggle is figuring out when the PSAR is going to flip on the 2H. I understand it's when ema is close to purple, but I'm trying to figure out when it's going to be a slider and the PSAR not flipping. I've been looking and backtesting to figure this out. <-- This is what I am currently studying and trying to dissect from the past posts. Back to rereading the forum.

God bless you all.
"Cast your burden upon the Lord and He will sustain you"
  • #9,939
  • Jun 14, 2017 2:30pm Jun 14, 2017 2:30pm
Trade result: +0 pips. No entry was made.
Self-evaluation: Missed the boat again, made no entry because it didn’t abide to my rules. In the “perfect” entry (12.00 candle open), horsemen were still long, and after its close, it was in the middle of nowhere and again waiting for it to reconnect with a resistance before shorting prevented me from taking the trade.

Am I being too cautious? It's the second operation I miss this week where the market moved the way I had foreseen but didn't meet the requirements for my entry.

Should I give only "general guidelines" (for example "sell from resistance") when I don't see an inminent entry and then watch every H2 candle in the moment to define the detailed entry in the notes for readjustments? Right now the entries on my plans are too... defined, even if the entry is far away. I wonder if this small change is the key not to break my entry rules while watching the market in the moment (today would have broken them if I entered on the perfect bar, and that is not acceptable).

Some input again would be very appreciated, I aim to polish my mistakes as much as possible so I become one of the best.

Regards.
"Know thyself."
  • #9,940
  • Jun 14, 2017 2:49pm Jun 14, 2017 2:49pm
Quoting miau1
Trade result: +0 pips. No entry was made. Self-evaluation: Missed the boat again, made no entry because it didnt abide to my rules. In the perfect entry (12.00 candle open), horsemen were still long, and after its close, it was in the middle of nowhere and again waiting for it to reconnect with a resistance before shorting prevented me from taking the trade. Am I being too cautious? It's the second operation I miss this week where the market moved the way I had foreseen but didn't meet the requirements for my entry. Should I give only "general guidelines"...
Pablo I will upload my plan and entry from today as soon as Im home, it may help in some way
Never Give Up
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