Off Road System | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The System Behind the System, by Merlin Jeffries 16 replies

Off Road (Continued) 24 replies

EURUSD Road Map (K.I.S.S System) 32 replies

Road behind....road ahead. 10 replies

Would you trade this system? New system #2. 10 replies

Attachments: Off Road System
Exit Attachments

Off Road System

  • #521
  • Edited 2:15am Jan 29, 2015 1:40am | Edited 2:15am
Morning

Dear friends, small little personal problems will keep me away from the thread for a few days.
I want to thank the contributions do. As the share methods and ideas that enrich us personally and collectively.

Js and I already talked about the harmonics. At the end of the day are merely projections and retractions Fibonacci.
And I think it's great to use harmonics if you get more confident in your decisions.

The following trades made with charting the base (see forexdaist post http://www.forexfactory.com/showthre...37#post8027837) and within our method (which is to determine the market condition).

If I had used harmonics, the result would have been similar, or maybe I had gotten more pips.

So who like it, feel free to use harmonics, or any tool that helps you make money. But I appreciate that publications were clear, as isengoz,
http://www.forexfactory.com/showthre...82#post8030282
Not like mine remainder clarity chart.

USDJPY M5
Attached Image (click to enlarge)
Click to Enlarge Name: armonicos.PNG Size: 137 KB
Donde hay Patron no manda Marinero
  • #522
  • Edited 2:16am Jan 29, 2015 2:01am | Edited 2:16am
I have been asked what it is based, exactly this system.
The purpose of the system is to determine the market condition.
It is based on general knowledge of market behavior.

And we use tools that help us slow moving average and Bollinger and his own moving average.

The arrangement and connection of moving averages with the price, prevent us from out of the market condition, which then analyze multitimeframe.

The perfect trigger for me is the price action confirmed by a momentum indicator that provide objectivity.

Ultimately this system allows you to use whatever knowledge you have about the market, but allows you to locate the important points where greater attention, depending on the market condition. In post # 1 There are details of this.

But I'll check if you think I should add something else.


Otherwise I intend to create a friendly atmosphere, and pleasant work place where we share ideas.
Donde hay Patron no manda Marinero
  • #523
  • Jan 29, 2015 2:23am Jan 29, 2015 2:23am
Quoting jstmzplsz
GJ, 1-2-3 pattern, lateral trend, +31 with two entries. See you tomorrow. {image}
2 big examples to follow ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2 grandes ejemplo a seguir..PNG Size: 390 KB
Donde hay Patron no manda Marinero
  • #524
  • Jan 29, 2015 2:24am Jan 29, 2015 2:24am
Quoting isengoz
hey guys, today I didn't have much time to trade and post again. I see you traded well as usual... I just want to post my GBPJPY trade which allowed me to reach my daily target... M5 GBPJPY +85 pips... {image} this time I saw a bearish bat pattern forming. combined with the signals of our good ORS system, I didn't hesitate one moment to pull the trigger and went directly in profit with no drawdown.
Donde hay Patron no manda Marinero
  • #525
  • Jan 29, 2015 2:26am Jan 29, 2015 2:26am
Quoting isengoz
{quote} hey forexdaist, I came across to your post while reading. I used to count waves with the help of a moving average. you choose an MA (I was using 35 EMA. the higher the number the less waves you'll have or vice versa) and take the highest/lowest points as the wave ends/beginnings. turning from MA or going just above/below the MA and coming back doesn't count. by this way you may get a clearer picture of the market in my opinion. I hope it helps... an example chart... {image} it might seem to be a bit discretional at some points, though...
Thank you for your contribution.
Donde hay Patron no manda Marinero
  • #526
  • Jan 29, 2015 2:33am Jan 29, 2015 2:33am
Good Morning
  • #527
  • Jan 29, 2015 2:35am Jan 29, 2015 2:35am
Quoting Patron
Morning Dear friends, small little personal problems will keep me away from the thread for a few days. I want to thank the contributions do. As the share methods and ideas that enrich us personally and collectively. Js and I already talked about the harmonics. At the end of the day are merely projections and retractions Fibonacci. And I think it's great to use harmonics if you get more confident in your decisions. The following trades made with charting the base (see forexdaist post http://www.forexfactory.com/showthre...37#post8027837)...
I wish you all the best Patron and waiting for you to come back
  • #528
  • Jan 29, 2015 2:48am Jan 29, 2015 2:48am
Quoting isengoz
{quote} hey forexdaist, I came across to your post while reading. I used to count waves with the help of a moving average. you choose an MA (I was using 35 EMA. the higher the number the less waves you'll have or vice versa) and take the highest/lowest points as the wave ends/beginnings. turning from MA or going just above/below the MA and coming back doesn't count. by this way you may get a clearer picture of the market in my opinion. I hope it helps... an example chart... {image} it might seem to be a bit discretional at some points, though...
Ok, thank you. This seams to me a very clever and a useful way to count.

By the way of Harmonics patterns, what is the indicator do you use? If you could share it would be great. Do you use as a confirmation tool?


thank you
TONI forexdaist
  • #529
  • Jan 29, 2015 3:05am Jan 29, 2015 3:05am
hi guys...

@Patron, sorry to hear you'll be away, mate. I hope to read your posts again soon. Meanwhile, I think I'll read your thread replies history
  • #530
  • Jan 29, 2015 3:12am Jan 29, 2015 3:12am
Quoting forexdaist
{quote} Ok, thank you. This seams to me a very clever and a useful way to count. By the way of Harmonics patterns, what is the indicator do you use? If you could share it would be great. Do you use as a confirmation tool? thank you TONI forexdaist
hi forexdaist,

I don't use any indicator for that. Regarding harmonics, if retracements make sense to my eyes I check them with Fibonacci tool, then draw triangles for possible projections, especially on HTFs like H4, D1 or W1. Normally I don't use them very often for such small TFs, as I didn't have a confirmation tool and I got burnt many times for that. But yesterday, ORS rules just clicked with the pattern and this made me feel confident about the trade. Anyway, I have no intention to distract the thread with triangles, rectangles and so on. ORS rules alone are enough to be profitable, I think.
  • #531
  • Jan 29, 2015 3:13am Jan 29, 2015 3:13am
Good morning,

I've been hesitating today about several pairs. Still I haven't get any trade. I just want to share this graphic. Anyone can say where it will go EURJPY?


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15_0129idea.png Size: 109 KB



Any comments are wellcome.


FXdaist
  • #532
  • Jan 29, 2015 3:38am Jan 29, 2015 3:38am
Quoting forexdaist
Good morning, I've been hesitating today about several pairs. Still I haven't get any trade. I just want to share this graphic. Anyone can say where it will go EURJPY? {image} Any comments are wellcome. FXdaist
Hey Toni, I think the best way to trade it is that you wait for the price to break either line, then evaluate the situation during the retracement. sooner or later price will break to the upside or downside. currently it doesn't seem to be tradeable to me.

good luck,
Ish...
  • #533
  • Jan 29, 2015 3:45am Jan 29, 2015 3:45am
Quoting isengoz
{quote} Hey Toni, I think the best way to trade it is that you wait for the price to break either line, then evaluate the situation during the retracement. sooner or later price will break to the upside or downside. currently it doesn't seem to be tradeable to me. good luck, Ish...

Already long, a little bit early. 55+

http://i.imgur.com/qki5Xbx.png
  • #534
  • Jan 29, 2015 4:15am Jan 29, 2015 4:15am
I have no electricity right now, therefore I won't be here today. See you asap.
  • #535
  • Jan 29, 2015 4:39am Jan 29, 2015 4:39am
Quoting Shantala
{quote} Already long, a little bit early. 55+ {image}
hi Shantala, looks good...
  • #536
  • Jan 29, 2015 4:53am Jan 29, 2015 4:53am
Quoting isengoz
{quote} hi Shantala, looks good...
There was a short opportunity at 38.2 with target to previous low, but at that time, I thought that was a little risky.

http://i.imgur.com/Sxmp7Hk.png
  • #537
  • Jan 29, 2015 5:10am Jan 29, 2015 5:10am
Quoting Shantala
{quote} There was a short opportunity at 38.2 with target to previous low, but at that time, I thought that was a little risky. {image}
well, that looks like a 7th wave to me which I wouldn't trade. but I still think that we might see a down move as we didn't test last night's news level. I'd like to see the reaction there...
  • #538
  • Jan 29, 2015 9:56am Jan 29, 2015 9:56am
EJ 134+

http://i.imgur.com/lTR09eM.png
  • #539
  • Jan 29, 2015 11:51am Jan 29, 2015 11:51am
Quoting Shantala
EJ 134+ {image}
Wow, congrats...! I should stay on that trade, but I allways jump out too early.

Don't why, I'm allways touching TP's and so, and finally just catch 10-12 pips. Must practice, but I guess my fault today it's psichologic.


see you tomorrow
TONI
  • #540
  • Jan 30, 2015 2:22am Jan 30, 2015 2:22am
Morning guys

UJ night trade +18
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
0 traders viewing now