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Off Road System

  • #221
  • Jan 16, 2015 2:02am Jan 16, 2015 2:02am
Quoting Patron
EURJPY Market condition: M1 uptrend M5 reversal or correction Exit trades long at news and near London session. {image} {image}
Quota filled

Work for today is over.
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  • #222
  • Jan 16, 2015 2:43am Jan 16, 2015 2:43am
Quoting isengoz
morning patron. thank you and j. for your replies yesterday. today, I didn't start the day quite well. price stopping me out and turning back a couple of pips later makes me really sick!!! The problem was the place of the stops I guess. Any comments? {image}
USDJPY M1-M5

You closed your trades in an area of support. The supports are more important than the trendlines. In areas of support, long trades are more common, since breaking a support must be well confirmed. Normally no significant breaks before some news, or before a change of session (in general). The trendlines are guidelines only. In addition, EMA233 and lower bollinger band, also made support, and price action has not been short, below.

At M5, the price comes from a reverse pattern, double bottom. Technically, the price should go higher (theoretically). The price went down, looking for liquidity, or to test whether there were bears. We Will See.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ujm1.PNG Size: 95 KB
Click to Enlarge Name: ujm5.PNG Size: 100 KB
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  • #223
  • Jan 16, 2015 2:56am Jan 16, 2015 2:56am
Quoting isengoz
morning patron. thank you and j. for your replies yesterday. today, I didn't start the day quite well. price stopping me out and turning back a couple of pips later makes me really sick!!! The problem was the place of the stops I guess. Any comments? {image}
There are many ways to place the stop loss. The initial Stop loss, we must learn to put it out of reach of hunters stops. Until the price, then we invite reposition stops better.
You can use fractals (not the indicator but areas where the price should not go within a fractal, given, ie beyond the wave where we are).
If this is not comfortable manner, other means, for instance, set the initial stop, few pips beyond the slow moving average (ema233 or smma150).
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  • #224
  • Jan 16, 2015 3:06am Jan 16, 2015 3:06am
Quoting Patron
{quote} Quota filled Work for today is over.

Ok, and I'm up

Morning guys
  • #225
  • Jan 16, 2015 3:09am Jan 16, 2015 3:09am
Quoting Patron
{quote} There are many ways to place the stop loss. The initial Stop loss, we must learn to put it out of reach of hunters stops. Until the price, then we invite reposition stops better. You can use fractals (not the indicator but areas where the price should not go within a fractal, given, ie beyond the wave where we are). If this is not comfortable manner, other means, for instance, set the initial stop, few pips beyond the slow moving average (ema233 or smma150).
Example of how I look for a initial stop loss.
Attached Image (click to enlarge)
Click to Enlarge Name: ejemstoploss.PNG Size: 111 KB
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  • #226
  • Jan 16, 2015 3:11am Jan 16, 2015 3:11am
Quoting jstmzplsz
{quote} Ok, and I'm up Morning guys
Hello. Any problems connecting, or have you fallen asleep?
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  • #227
  • Jan 16, 2015 3:26am Jan 16, 2015 3:26am
Quoting Patron
{quote} Hello. Any problems connecting, or have you fallen asleep?

Hello Patron, still a bit problem with connection, because I'm connecting through the phone. My usual internet provider is having some technical problems.
  • #228
  • Jan 16, 2015 3:33am Jan 16, 2015 3:33am
Those who have arrived late, js and littspaniard, you are punished to 16 hours of backtesting, for this weekend.
And they must bring proof of their parents or doctor.
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  • #229
  • Jan 16, 2015 3:38am Jan 16, 2015 3:38am
Quoting Patron
Those who have arrived late, js and littspaniard, you are punished to 16 hours of backtesting, for this weekend. And they must bring proof of their parents or doctor.
Whole weekend like this
Attached Image
  • #230
  • Jan 16, 2015 3:39am Jan 16, 2015 3:39am
USDJPY M5

The system recommends paying attention to these areas: bands and proximity support area.
In principle, at M5, Market condition is lateral.

Vertical lines (BLUE) are time of news.
Horizontal lines are daily pivots.
Attached Image (click to enlarge)
Click to Enlarge Name: sistemazona.PNG Size: 121 KB
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  • #231
  • Jan 16, 2015 3:47am Jan 16, 2015 3:47am
[quote=Patron;7998820]USDJPY M5 The system recommends paying attention to these areas: bands and proximity support area. In principle, at M5, Market condition is lateral. Vertical lines (BLUE) are time of news. Horizontal lines are daily pivots. {image} {quote}

Price is testing support. Market look for bears. If not, then reverse.
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  • #232
  • Jan 16, 2015 3:48am Jan 16, 2015 3:48am
Quoting Patron
USDJPY M5 The system recommends paying attention to these areas: bands and proximity support area. In principle, at M5, Market condition is lateral. Vertical lines (BLUE) are time of news. Horizontal lines are daily pivots. {image}
For news I recommend this indi
Attached File(s)
File Type: ex4 NewsCal-v107.ex4   48 KB | 208 downloads
  • #233
  • Jan 16, 2015 3:50am Jan 16, 2015 3:50am
Quoting jstmzplsz
{quote} For news I recommend this indi {file}
Thanks.
¿Have you the .mq4, source file.?
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  • #234
  • Jan 16, 2015 3:56am Jan 16, 2015 3:56am
Quoting Patron
{quote} Thanks. ¿Have you the .mq4, source file.?
No, unfortunately.
  • #235
  • Jan 16, 2015 4:00am Jan 16, 2015 4:00am
USDJPY M1

I try a reverse.
Market conditio M5 is lateral.
Stop initial under bollinger lower nearest.

The initial stop loss is also manual, if I note that the market is firmly against me.
Attached Image (click to enlarge)
Click to Enlarge Name: long1.PNG Size: 160 KB
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  • #236
  • Jan 16, 2015 4:05am Jan 16, 2015 4:05am
Quoting Patron
USDJPY M1 I try a reverse. Market conditio M5 is lateral. Stop initial under bollinger lower nearest. The initial stop loss is also manual, if I note that the market is firmly against me. {image}
If the price breaks above a relevant fractal, then I will move the stop loss and draw near to the price, following the approach is appropriate in time.
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  • #237
  • Jan 16, 2015 4:08am Jan 16, 2015 4:08am
Quoting Patron
USDJPY M1 I try a reverse. Market conditio M5 is lateral. Stop initial under bollinger lower nearest. The initial stop loss is also manual, if I note that the market is firmly against me. {image}
USDJPY
This long is aggressive. We can be a little more conservative, and wait for the price action at M5.
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  • #238
  • Jan 16, 2015 4:15am Jan 16, 2015 4:15am
Quoting Patron
USDJPY M1 I try a reverse. Market conditio M5 is lateral. Stop initial under bollinger lower nearest. The initial stop loss is also manual, if I note that the market is firmly against me. {image}
If this long is correct, should give between 30 and 60 pips (aprox).
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  • #239
  • Jan 16, 2015 4:23am Jan 16, 2015 4:23am
Quoting Patron
{quote} If this long is correct, should give between 30 and 60 pips (aprox).
Well, folks, I hope this trade is profitable. I've put a take profit close because I have to go.
I am in the process of moving, and I have no choice but to answer it.
Maybe back tonight (GMT + 1).

Bye
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  • #240
  • Jan 16, 2015 4:25am Jan 16, 2015 4:25am
hi guys,

very busy these days, some positions under water with another method and i`m trying to rescuen them.

some long US30(cfd based in dow futures), but the short trade was better but i missed.

regards
Attached Image (click to enlarge)
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