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Off Road System

  • #101
  • Jan 13, 2015 2:13am Jan 13, 2015 2:13am
UJ +21
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  • #102
  • Jan 13, 2015 2:22am Jan 13, 2015 2:22am
hi

preparing the rifle in case the rsi line crooss the trendline

no perfect entry the smoothedma is above price
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The only constant is change
  • #103
  • Jan 13, 2015 2:24am Jan 13, 2015 2:24am
Quoting jstmzplsz
{quote} Your reasons to exit were double top, 5th wave and overbought RSI?
eXIT euraud scalped

I am scalper and use resistance, same degree my trade, and rsi or Stochastic, according to time frame and my experience. Now I watch if this wave is impulsive or not.
Also, system said that there are nt trend yet at M5.

Look at moving averages and Bollinger shape (system).
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  • #104
  • Jan 13, 2015 2:30am Jan 13, 2015 2:30am
Quoting Patron
{quote} eXIT euraud scalped I am scalper and use resistance, same degree my trade, and rsi or Stochastic, according to time frame and my experience. Now I watch if this wave is impulsive or not. Also, system said that there are nt trend yet at M5. Look at moving averages and Bollinger shape (system). {image}
I need to pay more attention to bollinger bands and 144 SSMA. I opened exactly the same trade, but I'm still in
In other words I need to work on my exits, which should more based on market condition.
  • #105
  • Jan 13, 2015 2:31am Jan 13, 2015 2:31am
Quoting littspaniard
hi preparing the rifle in case the rsi line crooss the trendline no perfect entry the smoothedma is above price {image}
But if the slow moving average is flat and within bollinger, it does not matter, it's more important, in this case, the price action from any band.

Pero si la media móvil lenta está plana y dentro de bollinger, eso no tiene importancia, es más importante, en este caso, la acción del precio desde cualquier banda.
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  • #106
  • Jan 13, 2015 2:31am Jan 13, 2015 2:31am
EA +6
And clearing my mind.
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  • #107
  • Jan 13, 2015 2:33am Jan 13, 2015 2:33am
Quoting jstmzplsz
EA +6 And clearing my mind. {image}
I act in M1 timeframe. But for market condition intraday, guided me from M5 timeframe and I try to follow the system.

Use guidelines, also. I trade scalping.
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  • #108
  • Jan 13, 2015 2:38am Jan 13, 2015 2:38am
Quoting Patron
{quote} But if the slow moving average is flat and within bollinger, it does not matter, it's more important, in this case, the price action from any band. Pero si la media móvil lenta está plana y dentro de bollinger, eso no tiene importancia, es más importante, en este caso, la acción del precio desde cualquier banda.
Thanks for the clarification.

This nuance is important unless for me.
The only constant is change
  • #109
  • Edited 3:13am Jan 13, 2015 2:41am | Edited 3:13am
Quoting Patron
{quote} I act in M1 timeframe. But for market condition intraday, guided me from M5 timeframe and I try to follow the system. Use guidelines, also. I trade scalping.
The system provides three types of markets conditions (see post #1), market trend sideways market, and complex or undefined market.
Each market condition has a treatment ...
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  • #110
  • Jan 13, 2015 2:45am Jan 13, 2015 2:45am
Quoting Patron
{quote} The system provides three types of markets conditions (see post 1), market trend sideways market, and complex or undefined market. Each market condition has a treatment ...

Got it. There was my problem. I didn't know when to use M5 and when to use M1. The answer is simple, but I missed it. Thanks
  • #111
  • Jan 13, 2015 2:45am Jan 13, 2015 2:45am
Quoting jstmzplsz
UJ +21 {image}
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  • #112
  • Jan 13, 2015 2:54am Jan 13, 2015 2:54am
Quoting jstmzplsz
{quote} Got it. There was my problem. I didn't know when to use M5 and when to use M1. The answer is simple, but I missed it. Thanks
If not mastered yet, M1, M5 provides enough opportunities every day. And while you're watching behaves M1, and accumulating experience, ie money.
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  • #113
  • Jan 13, 2015 2:57am Jan 13, 2015 2:57am
Helloooo,

I'm hardly trying to follow all your trading rules and it's so dificult. Anyway, I won't be defeated as soon.
It would help if you could show one step by step analysed chart.

BTW, can you please shared your sessions indicator? I have one but I liked this one you show in tyour charts....


thank you, I'll be around
TONI
  • #114
  • Edited 3:19am Jan 13, 2015 3:04am | Edited 3:19am
Quoting forexdaist
Helloooo, I'm hardly trying to follow all your trading rules and it's so dificult. Anyway, I won't be defeated as soon. It would help if you could show one step by step analysed chart. BTW, can you please shared your sessions indicator? I have one but I liked this one you show in tyour charts.... thank you, I'll be around TONI
System rules are very simple.
Establish market condition intraday at M5, through observation of the slope and position of the moving averages and how to shape bollinger bands (see post #1).
From there, price action is concerned with the inputs.
All this wrapped in the general knowledge of technical analysis.

Big Picture and analisys multitimeframe help.
Your favorite indicator (if you know it very well) help. That is an other view of Price Action.

Bienvenido TONI

PS: Backtesting manual helps you understand.
Attached File(s)
File Type: mq4 Market Panel Display Controller.mq4   25 KB | 375 downloads
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  • #115
  • Jan 13, 2015 3:36am Jan 13, 2015 3:36am
EU.
What is your opinion?
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  • #116
  • Jan 13, 2015 3:42am Jan 13, 2015 3:42am
EURAUD M5-M1

Market condition M5 (or intraday) is flat, then I manage trades at M1, whitin this condition.
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  • #117
  • Jan 13, 2015 3:44am Jan 13, 2015 3:44am
Quoting jstmzplsz
EU. What is your opinion? {image}
I have not analyzed the pair, but at first glance so far is bearish.

Bollinger bands are separated and moving averages are ordered and inclined down.

Indicators pursue price without protest.

Watch Big Picture.
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  • #118
  • Jan 13, 2015 4:03am Jan 13, 2015 4:03am
jstmzplsz, grab the helm I'll get another coffee. Thanks.
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  • #119
  • Jan 13, 2015 4:15am Jan 13, 2015 4:15am
The sea is calm ...
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  • #120
  • Jan 13, 2015 4:17am Jan 13, 2015 4:17am
Quoting Patron
The sea is calm ... {image}
Maybe it's calm before the storm
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