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Off Road System

  • #1,541
  • Sep 5, 2016 10:25am Sep 5, 2016 10:25am
ok, last week ended more or less at breakeven level. today was relatively slow considering the US holiday. after taking some losses in the morning I was able to enter at the top of GBPUSD. stops at BE for now. if the price makes a new LL then I will try to add during retracements...

GBPUSD

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  • #1,542
  • Sep 6, 2016 10:43am Sep 6, 2016 10:43am
well well, a hard kick and a lot of pain in my ass again. today I broke some important rules in my trading plan. one was not to add positions before a new HH or LL, but I added 3 more positions on GBPUSD. another was not to move stops if price retraces back, which I did and ended up in a bigger loss. and lastly, not to trade against the bigger picture. at the weekend when I analyzed the charts I was expecting a move to 1.35 this week. however, yesterday when I entered at the top I got a wrong thought that the price would retrace down to around 1.315 then would go up. I was expecting a reaction around where I entered my trades. well, actually I was right but didn't know where to stop apparently. anyway, the pair has about 100 pips to go before turning back, in my opinion. I won't look for longs any more but for short opportunities starting from 1.35.

GBPUSD

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  • #1,543
  • Sep 6, 2016 10:50am Sep 6, 2016 10:50am
at least I was right about one pair, EURJPY. 3 positions stops at BE. price made a new LL, so expecting further down move for now. let's see if I can take my losses back out of these...

EURJPY

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  • #1,544
  • Sep 7, 2016 8:57am Sep 7, 2016 8:57am
Quoting isengoz
at least I was right about one pair, EURJPY...
the pair continued its fall during asian session. I was expecting a retracement so didn't want to risk my gains and I quit my trades at around +400 pips... I will look for further shorting opportunities around the black lines I drew on the chart...

EURJPY (+412 pips)

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  • #1,545
  • Sep 7, 2016 9:08am Sep 7, 2016 9:08am
Quoting isengoz
...I won't look for longs any more but for short opportunities starting from 1.35...
yesterday, I also mentioned that I wouldn't long the GBPUSD till 1.35. but I couldn't resist the temptation to do that after the price retraced and stopped around our offroad MA level. the positions may get stopped out, but I prefer to be on the train instead of waving my hand while leaving the station. the target is again 1.35...

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  • #1,546
  • Sep 7, 2016 11:57pm Sep 7, 2016 11:57pm
In Patron's last few screenshares is he using a auto trendline indicator?
Patience is key
  • #1,547
  • Dec 9, 2016 11:17pm Dec 9, 2016 11:17pm
is this topic dead?
Patience is key
  • #1,548
  • May 28, 2017 6:42pm May 28, 2017 6:42pm
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System still going strong
Patience is key
  • #1,549
  • Jun 25, 2018 6:13am Jun 25, 2018 6:13am
GJ M1

I study GJ from M1 to H1. I establish probable reversal or correction.
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Adaptarse es la clave
  • #1,550
  • Jun 26, 2018 4:40am Jun 26, 2018 4:40am
GJ M5
I analyze the currency in several timeframes and I estimate lateral rank in M15 and M5, also I study the price action to H1. Afterwards, I estimate that the price action will probably release a bearish wave.
I look forward to the opening of London, where the volume of transactions will increase significantly. I draw a small break line in M5 and I place a sell stop under that line and under the daily pivot.
After the break, I add a short order more, after the correction of the break.
In the end I lacked patience and I closed the positions ahead of time, with about 40 pips of profit.
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Adaptarse es la clave
  • #1,551
  • Jun 26, 2018 5:18am Jun 26, 2018 5:18am
Quoting elcurioso
GJ M5 I analyze the currency in several timeframes and I estimate lateral rank in M15 and M5, also I study the price action to H1. Afterwards, I estimate that the price action will probably release a bearish wave. I look forward to the opening of London, where the volume of transactions will increase significantly. I draw a small break line in M5 and I place a sell stop under that line and under the daily pivot. After the break, I add a short order more, after the correction of the break. In the end I lacked patience and I closed the positions ahead...
Re-entry +13 pips
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Adaptarse es la clave
  • #1,552
  • Edited 5:10am Jun 27, 2018 2:58am | Edited 5:10am
GJ M1

The market condition looks bearish in various timeframes. I enter the market and, as always, maybe I have closed too soon.
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Adaptarse es la clave
  • #1,553
  • Edited 5:10am Jun 27, 2018 3:37am | Edited 5:10am
Quoting elcurioso
The market condition looks bearish in various timeframes. I enter the market and, as always, maybe I have closed too soon. {image}
GJ M1
Re-entry for scalping and quick exit before the news. +13pips
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Adaptarse es la clave
  • #1,554
  • Jun 27, 2018 6:26am Jun 27, 2018 6:26am
GJ M5
In a market that I think is bearish, I have opened trades with some risk. Maybe I should wait for trades to be confirmed before entering the market. I should be more patient. Some trades are messy. I promise to improve from now on.
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Adaptarse es la clave
  • #1,555
  • Jun 28, 2018 7:18am Jun 28, 2018 7:18am
GJ m5
Downtrend. Rupture of support level
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Adaptarse es la clave
  • #1,556
  • Jun 28, 2018 7:49am Jun 28, 2018 7:49am
Quoting elcurioso
GJ m5 Downtrend. Rupture of support level {image}
GJ m5

Closed at the approach of a pivot or support
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Adaptarse es la clave
  • #1,557
  • Jun 28, 2018 9:13am Jun 28, 2018 9:13am
GJ H1
In chart H1 an engulfing appears on a support. The most likely to arise a correction or retracement, important.
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Adaptarse es la clave
  • #1,558
  • Edited 1:21am Jun 29, 2018 12:46am | Edited 1:21am
Quoting elcurioso
GJ H1 In chart H1 an engulfing appears on a support. The most likely to arise a correction or retracement, important. {image}
GJ m5
Yesterday night it was intuited a very probable correction of the currency. In longer timeframes pair remained downward, but in the M1 and M5 timeframes a small bullish condition was formed. During the accumulation phase I opened several trades ...
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Adaptarse es la clave
  • #1,559
  • Edited 1:21am Jun 29, 2018 12:50am | Edited 1:21am
Quoting elcurioso
{quote} GJ m5 Yesterday night it was intuited a very probable correction of the currency. In longer timeframes pair remained downward, but in the M1 and M5 timeframes a small bullish condition was formed. During the accumulation phase I opened several trades ... {image}
UJ m5
... So I took advantage of the bullish condition of the UJ ...
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Adaptarse es la clave
  • #1,560
  • Jun 29, 2018 3:57am Jun 29, 2018 3:57am
Quoting elcurioso
{quote} UJ m5 ... So I took advantage of the bullish condition of the UJ ... {image}
UJ m5
Closed before the nearby resistance...
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Adaptarse es la clave
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