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Off Road System

  • #121
  • Jan 13, 2015 4:42am Jan 13, 2015 4:42am
Quoting jstmzplsz
{quote} Maybe it's calm before the storm {image}
I think I'll wait for the American session.
Bye now.
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  • #122
  • Jan 13, 2015 5:21am Jan 13, 2015 5:21am
EURAUD m5-m1

Breakdown. Exit at flag.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eam1breakdown.PNG Size: 91 KB
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  • #123
  • Jan 13, 2015 5:30am Jan 13, 2015 5:30am
GJ +32

Top of the channel + divergence on awesome indi on M1
Attached Image (click to enlarge)
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  • #124
  • Jan 13, 2015 5:32am Jan 13, 2015 5:32am
Quoting jstmzplsz
GJ +32 Top of the channel + divergence on awesome indi on M1 {image}
well done mate!!
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  • #125
  • Jan 13, 2015 5:49am Jan 13, 2015 5:49am
Quoting Patron
{quote} well done mate!!
Thanks my friend.
I'm done for today. It was hard trading day for my psyche.
I need to get some rest and the next target is to find tune in new system. Which is very simple, visual and works well, but today I'm puzzled with it.
See ya!
  • #126
  • Jan 13, 2015 6:24am Jan 13, 2015 6:24am
Patron,

Can I ask you how many pairs have you in your watchlist? I see EA you like to trade. Also EURJPY. Do you maybe get the greatest ADR pairs?


I adore your trading style. Wish I can reach a basic level and understand it.


thanks
gracias amigo!

TONI
  • #127
  • Jan 13, 2015 8:06am Jan 13, 2015 8:06am
EA +24
Attached Image (click to enlarge)
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  • #128
  • Jan 13, 2015 8:21am Jan 13, 2015 8:21am
UJ +20
Attached Image (click to enlarge)
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  • #129
  • Jan 13, 2015 8:39am Jan 13, 2015 8:39am
Great trades Js!
  • #130
  • Jan 13, 2015 10:45am Jan 13, 2015 10:45am
Quoting Alucard X
Great trades Js!

Thanks I was lucky to catch two nice moves after all day of calm market.
  • #131
  • Edited 11:41am Jan 13, 2015 11:07am | Edited 11:41am
+trading correction / short-term countertrend:
(channel breakout)

GBP/JPY 5min

* demo trading:
note that @2nd image is a fake reversal / trap

edit:
image4: reversal or not (pinbar): http://i.imgur.com/X1w4d1x.png
image5: never look at the current candle (no reversal?): http://i.imgur.com/QL8mVgX.png
image6: close all positions (profit is better than no profit): http://i.imgur.com/yXVjRZ7.png


15-20p x5
Attached Image(s) (click to enlarge)
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  • #132
  • Edited 12:45pm Jan 13, 2015 12:23pm | Edited 12:45pm
image7: setting new trades: http://i.imgur.com/GyIPyT7.png
(bad entry-rsi increasing when I sell)
image8: reverse to long: http://i.imgur.com/FQgpFLI.png
image9: previous levels tested: http://i.imgur.com/xoGMXZd.png
(rsi @ 50)
image10: long: http://i.imgur.com/E6A7oUS.png

edit: image11: close long: http://i.imgur.com/nm6ifuH.png
image12: wouldn't be wise: http://i.imgur.com/O8q7UXD.png
15min: http://i.imgur.com/uHM54J2.png

final edit: http://i.imgur.com/TNfhMcy.png
  • #133
  • Jan 13, 2015 12:46pm Jan 13, 2015 12:46pm
Quoting openyoureyes
image7: setting new trades: http://i.imgur.com/GyIPyT7.png (bad entry-rsi increasing when I sell) image8: reverse to long: http://i.imgur.com/FQgpFLI.png image9: previous levels tested: http://i.imgur.com/xoGMXZd.png (rsi @ 50) image10: long: http://i.imgur.com/E6A7oUS.png edit: image11: close long: http://i.imgur.com/nm6ifuH.png image12: wouldn't be wise: http://i.imgur.com/O8q7UXD.png 15min: http://i.imgur.com/uHM54J2.png
GBPJPY M5

Considering the system, we must treat the market as bearish in this situation. Condition market, bearish. Only short.
Perhaps it is a correction, similar to a fourth wave.

Note the slope of the moving averages and how bollinger bands.

We always talk about probabilities, not certainties speak. Nobody has the truth. The system must follow it with discipline.
Otherwise, there would be a system would be discretionary trading, based on the experience of the trader.
Attached Image (click to enlarge)
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  • #134
  • Edited 1:26pm Jan 13, 2015 12:55pm | Edited 1:26pm
Quoting openyoureyes
+trading correction / short-term countertrend: (channel breakout) GBP/JPY 5min * demo trading: note that @2nd image is a fake reversal / trap edit: image4: reversal or not (pinbar): http://i.imgur.com/X1w4d1x.png image5: never look at the current candle (no reversal?): http://i.imgur.com/QL8mVgX.png image6: close all positions (profit is better than no profit): http://i.imgur.com/yXVjRZ7.png 15-20p x5 {image} {image} {image}
GBPJPY M5
We should not take breaks in a fifth wave, the same grade. Indicators diverge.
Attached Image (click to enlarge)
Click to Enlarge Name: ruptura falsa es onda 5..PNG Size: 113 KB
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  • #135
  • Edited 1:25pm Jan 13, 2015 1:00pm | Edited 1:25pm
Quoting Patron
{quote} GBPJPY M5 We should not take breaks in a fifth wave, the same grade. {image}
GBPJPY m5

Breakdown with high probability of success.
Indicators go to down. The wave is not fifth.
Attached Image (click to enlarge)
Click to Enlarge Name: ruptura falsa es onda 5..PNG Size: 113 KB
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  • #136
  • Jan 13, 2015 1:10pm Jan 13, 2015 1:10pm
Quoting jstmzplsz
UJ +20 {image}
USDJPY M5

The output of the triangle, accompanied by volume is correct. Great pips. Good scalping.
Attached Image (click to enlarge)
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  • #137
  • Jan 13, 2015 1:18pm Jan 13, 2015 1:18pm
Quoting jstmzplsz
EA +24 {image}
EURAUD M5

Retested Resistance. Market condition: bearish. Good short, good pips.
Attached Image (click to enlarge)
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  • #138
  • Jan 13, 2015 1:20pm Jan 13, 2015 1:20pm
Quoting forexdaist
Patron, Can I ask you how many pairs have you in your watchlist? I see EA you like to trade. Also EURJPY. Do you maybe get the greatest ADR pairs? I adore your trading style. Wish I can reach a basic level and understand it. thanks gracias amigo! TONI
Working with major currency pairs. I try to find the easiest, for me, the simplest. Also I have in consideration the ADR.
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  • #139
  • Edited 8:49pm Jan 13, 2015 8:20pm | Edited 8:49pm
Quoting jstmzplsz
{quote} Or maybe its forming third wave? Like that... {image}
EURAUD M5

The market has taken 16 hours to react with the third wave upwards. This seems a flat correction, while I expected a zigzag.
The market is unpredictable. We can only estimate probabilities for a plan.
Here we see the utility of having a good system and follow it with discipline. The system never gave entry to the third wave the corrective upside.
Attached Image
Only the news unfolded that wave, a stop or a well placed trailing stop had stopped. Also, technically, the price had reached the base of a channel, and the trader should close his shorts.
Attached Image(s) (click to enlarge)
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  • #140
  • Jan 14, 2015 12:05am Jan 14, 2015 12:05am
congrats Patron,

more success for you and will sit around
While knowledge speak up, the wisdom listen down
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