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Off Road System

  • #61
  • Jan 12, 2015 10:02am Jan 12, 2015 10:02am
Quoting Patron
{quote} Awesome M15, fails the Head and shoulders, yet. Awesome has made a new high, so be careful there. Awesome is the best indicator to count impulse waves. The latter waves, must diverge.

OK thanks.
I guess I need to learn something about this indi.
  • #62
  • Jan 12, 2015 10:05am Jan 12, 2015 10:05am
Quoting jstmzplsz
Might be the head and shoulders formation? {image}
Yes it is working shoulder-head-shoulder at M1, but M15 remains bullish. We Will See.
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  • #63
  • Jan 12, 2015 10:13am Jan 12, 2015 10:13am
Quoting jstmzplsz
{quote} OK thanks. I guess I need to learn something about this indi.
It's easy. If we have an impulsive pattern formed by waves of the same degree, Awesome draw the maximum, at the peak of the third wave. Then in the fourth wave low below zero, or very close to the median 0, making a hidden divergence, and the fifth wave ends, same degree, with divergence.
Attached File(s)
File Type: pdf Elliott+Waves+-+Advanced+-+Applying+technical+analysis+in+Elliot+Waves.pdf   2.6 MB | 1,666 downloads
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  • #64
  • Jan 12, 2015 10:17am Jan 12, 2015 10:17am
Quoting Patron
{quote} ¿Why are yo u missing this trade? ¿Do you know?
Because i was not in front of pc
  • #65
  • Jan 12, 2015 10:22am Jan 12, 2015 10:22am
Quoting Alucard X
{quote} Because i was not in front of pc
Ahhhhhhhhh
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  • #66
  • Jan 12, 2015 10:29am Jan 12, 2015 10:29am
Quoting Patron
{quote} It's easy. If we have an impulsive pattern formed by waves of the same degree, Awesome draw the maximum, at the peak of the third wave. Then in the fourth wave low below zero, or very close to the median 0, making a hidden divergence, and the fifth wave ends, same degree, with divergence. {image}
Waves impulsives.

If it does not, it was not a pattern of impulse, or the market has changed to a higher degree fractal.
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  • #67
  • Jan 12, 2015 10:31am Jan 12, 2015 10:31am
Quoting Patron
{quote} Waves impulsives. If it does not, it was not a pattern of impulse, or the market has changed to a higher degree fractal.
Fix the image plz its important info
  • #68
  • Jan 12, 2015 10:34am Jan 12, 2015 10:34am
GBPJPY M5

I think that is a probable reversal... will see
Attached Image (click to enlarge)
Click to Enlarge Name: gj m5.PNG Size: 87 KB
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  • #69
  • Jan 12, 2015 10:47am Jan 12, 2015 10:47am
Quoting Alucard X
{quote} Fix the image plz its important info

Sorry my mystake i tought there was an image that couldnt see, im slept.

Thanks for that pdf, im going to print it and study it at night.
  • #70
  • Jan 12, 2015 11:12am Jan 12, 2015 11:12am
Quoting Patron
{quote} EURJPY M1 As this system is concerned, it might be safer to close the trade at some earlier critical point. That is, from the point of view of system, I made a mistake, do not close the trade. And wait for re-entry. But I still think that this pair is bullish intraday. {image}
EURJPY

My mistake. Stoploss reached.

See you tomorrow, folks. We have to rest, too.
Attached Image (click to enlarge)
Click to Enlarge Name: stoplossej.PNG Size: 107 KB
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  • #71
  • Jan 12, 2015 11:13am Jan 12, 2015 11:13am
See you
  • #72
  • Jan 12, 2015 11:31am Jan 12, 2015 11:31am
Bye bye!
  • #73
  • Jan 12, 2015 12:20pm Jan 12, 2015 12:20pm
Quoting Patron
{quote} EURJPY My mistake. Stoploss reached. See you tomorrow, folks. We have to rest, too. {image}
I wouldn't rely on GBP - EUR even vs JPY
nor for scalping...

maybe focus on NZ/J intra?
  • #74
  • Jan 12, 2015 1:16pm Jan 12, 2015 1:16pm
Quoting openyoureyes
{quote} I wouldn't rely on GBP - EUR even vs JPY nor for scalping... maybe focus on NZ/J intra?
I guess every trader has their preferences and nightmares. My nightmare is the GBPUSD, among the major currency pairs.
There was a time when I loved making trading against GBPUSD, but now I avoid it because I do not feel comfortable with it.
However, I feel good with the JPY currency pairs, in general.
My mistake today with the EURJPY has clearly been a technical error.
I had two opportunities to break even. The first is the crossing of the price of sma50, and just at the same time, indicators become bearish.
Usually when this happens so as synchronized, the result is that it was a mini-trend change.
And the second time was running the stop loss to BE.

Nor do I understand, in time, there was a fifth wave failure. And I was always waiting for the price to make a new high. That was my mistake. Error mine and mine alone. The market made long ago, ie find liquidity.
Attached Image (click to enlarge)
Click to Enlarge Name: mi error.PNG Size: 106 KB
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  • #75
  • Jan 12, 2015 1:31pm Jan 12, 2015 1:31pm
Quoting openyoureyes
{quote} I wouldn't rely on GBP - EUR even vs JPY nor for scalping... maybe focus on NZ/J intra?
As to NZDJPY, perhaps interesting to notice it.
I dismissed it at the time, because I did not like the ratio spread / range. And it is a currency pair that I know less, EURJPY and GBPJPY that.
I invite you to prove the thread that is worth to notice him, if you want.

Thanks and welcome to this thread.
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  • #76
  • Jan 12, 2015 1:54pm Jan 12, 2015 1:54pm
GBPJPY M1

Retracement, or reversal.
Based on analisys wave, Price Action, and indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: gjm1indicators.PNG Size: 111 KB
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  • #77
  • Jan 12, 2015 3:17pm Jan 12, 2015 3:17pm
Quoting Patron
GBPJPY M1 Retracement, or reversal. Based on analisys wave, Price Action, and indicators. {image}

Patron my friend are you always using awesome divergence to spot last wave?
What if there is no divergence? Break of short trend it most likely not enough?
And do you use awesome on every time frame? If yes, why do you change oscillators so frequently?
Maybe others oscillators are better for spotting hidden divergence?

Thanks in advance, I can't sleep without this knowledge
  • #78
  • Jan 12, 2015 11:01pm Jan 12, 2015 11:01pm
Dear Patron
Thanks for sharing...I will follow you system.......Great Idea....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_40.png Size: 62 KB
  • #79
  • Jan 13, 2015 2:06am Jan 13, 2015 2:06am
Morning guys!

UJ is going down in channel.

What do you think?

Od course we still have to remember that on M5 we have undefined trend.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #80
  • Jan 13, 2015 2:10am Jan 13, 2015 2:10am
Morning to all
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