Off Road System | Page 29 | 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

  • #561
  • Edited 3:18am Feb 2, 2015 3:07am | Edited 3:18am
Quoting isengoz
{quote} morning j. I couldn't see 5 waves there, could you elaborate? I was thinking that either it was the beginning of wave 4 of an uptrend, or a small retracement in wave 1 of downtrend continuation (that's why I didn't stayed in the trade for too long). I longed because the m1 divergence had a confluence with the upward trendlines I drew. luckily it hit my TP and returned from there... {image}
I was thinking about your M1 (waves with lower grade). See the pic.

On the HTF I think we are at the beginning of the 5th wave in bearish trend, after zig-zag correction. You can see it on H1.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
  • #562
  • Feb 2, 2015 3:11am Feb 2, 2015 3:11am
Quoting isengoz
{quote} morning j. I couldn't see 5 waves there, could you elaborate? I was thinking that either it was the beginning of wave 4 of an uptrend, or a small retracement in wave 1 of downtrend continuation (that's why I didn't stayed in the trade for too long). I longed because the m1 divergence had a confluence with the upward trendlines I drew. luckily it hit my TP and returned from there... {image}

The correction is also very visible on pic you have uploaded.
  • #563
  • Feb 2, 2015 3:28am Feb 2, 2015 3:28am
Someone know what might happen here?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #564
  • Feb 2, 2015 3:31am Feb 2, 2015 3:31am
Quoting jstmzplsz
Someone know what might happen here? {image}
Yeah, I was watching this also. It use to go up? Do you enter in the BO or wait retracement?


toni
  • #565
  • Feb 2, 2015 3:37am Feb 2, 2015 3:37am
Quoting forexdaist
{quote} Yeah, I was watching this also. It use to go up? Do you enter in the BO or wait retracement? toni
Because it is HTF and I'm usually entering trades on M5 I will wait for retracement after BO.
  • #566
  • Feb 2, 2015 3:50am Feb 2, 2015 3:50am
Hello all;

First trade of the week and ends positive. I took a buy GBPAUD which it seeams to be in a range period. I closed on a resistance. First 45 pips of the week!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15_0202.png Size: 114 KB



Comments are wellcome....

TONI
  • #567
  • Feb 2, 2015 4:00am Feb 2, 2015 4:00am
Quoting jstmzplsz
{quote} I was thinking about your M1 (waves with lower grade). See the pic. On the HTF I think we are at the beginning of the 5th wave in bearish trend, after zig-zag correction. You can see it on H1. {image}
thanks for the comments and the chart, j. I didn't see those waves to be honest. and I agree that the up move was a 3 wave correction.

I shorted the pair after confluence of divergence, trendline and PA on m1, aiming for the next demand level. I quit a bit early but achieved my daily goal with 3 trades and I'm done for the day. no need to be greedy, I think...

M1 GBPJPY +25 pips (for 1:1 R:R)

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-02 11_50_02-.png Size: 94 KB
  • #568
  • Feb 2, 2015 4:04am Feb 2, 2015 4:04am
GJ +84

That was quite stressful because of news noise, but it has ended up well.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
  • #569
  • Feb 2, 2015 4:08am Feb 2, 2015 4:08am
Quoting isengoz
{quote} thanks for the comments and the chart, j. I didn't see those waves to be honest. and I agree that the up move was a 3 wave correction. I shorted the pair after confluence of divergence, trendline and PA on m1, aiming for the next demand level. I quit a bit early but achieved my daily goal with 3 trades and I'm done for the day. no need to be greedy, I think... M1 GBPJPY +25 pips (for 1:1 R:R) {image}
Aggressive entry, but good because of that trendline that you have, and so do I
Keep up the good work
  • #570
  • Feb 2, 2015 4:10am Feb 2, 2015 4:10am
Quoting jstmzplsz
{quote} The correction is also very visible on pic you have uploaded.
I started to see waves everywhere

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 150 KB
  • #571
  • Feb 2, 2015 4:15am Feb 2, 2015 4:15am
Quoting isengoz
{quote} I started to see waves everywhere {image}

It is hard to know in which wave you are when your trading live. However we need to keep trying.

Right now your waves are in agreement with my
  • #572
  • Feb 2, 2015 4:16am Feb 2, 2015 4:16am
Quoting forexdaist
{quote} Yeah, I was watching this also. It use to go up? Do you enter in the BO or wait retracement? toni
Don't trade up, it might be a trap.
  • #573
  • Feb 2, 2015 5:25am Feb 2, 2015 5:25am
Quoting forexdaist
{quote} Yeah, I was watching this also. It use to go up? Do you enter in the BO or wait retracement? toni
Something for you
Attached Image
  • #574
  • Feb 2, 2015 5:51am Feb 2, 2015 5:51am
EU +16
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
  • #575
  • Feb 2, 2015 6:11am Feb 2, 2015 6:11am
Quoting jstmzplsz
EU +16 {image}
That was aggressive
Enter Signature
  • #576
  • Feb 2, 2015 6:16am Feb 2, 2015 6:16am
Quoting basitata
{quote} That was aggressive
It was an usual situation when wave 'e' in triangle gives us a trap like false breakout, and then drops in other direction.
Planned from the start. Shorted after all 5 waves in confluence with divergence on RSI, awesome and stoch.
No aggression here IMO
  • #577
  • Feb 2, 2015 10:56am Feb 2, 2015 10:56am
Hey hello,

I've done my day yet, but I've seen this GBPJPY M30 chart interesting. Don't you think it's time to buy there?

Attached Image (click to enlarge)
Click to Enlarge Name: idea_0202_GBPJPYM30.png Size: 131 KB



see you
TONI
  • #578
  • Feb 3, 2015 1:26am Feb 3, 2015 1:26am
Quoting forexdaist
Hey hello, I've done my day yet, but I've seen this GBPJPY M30 chart interesting. Don't you think it's time to buy there? {image} see you TONI
Good call
  • #579
  • Feb 3, 2015 1:26am Feb 3, 2015 1:26am
Morning guys
  • #580
  • Feb 3, 2015 1:30am Feb 3, 2015 1:30am
Quoting jstmzplsz
Morning guys
Morning...

Managed to close 2 buys on eurjpy and gbpjpy... for 35 pips each
Enter Signature
0 traders viewing now