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Off Road System

  • #741
  • Feb 16, 2015 3:17am Feb 16, 2015 3:17am
just closed a second one...

M5 GBPNZD +77 pips (again closed 90% at 1:1 R:R and left the remaining 10% at BE)

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-16 11_15_25-54100_ Pepperstone-Edge04 - [GBPNZD,M5].png Size: 83 KB
  • #742
  • Feb 16, 2015 3:32am Feb 16, 2015 3:32am
Quoting isengoz
{quote} morning J. how you doing?
I'm good... till now Thank you.
I see that you doing good

I'm willing to sell GU in near future. What you think?
  • #743
  • Feb 16, 2015 3:47am Feb 16, 2015 3:47am
Quoting jstmzplsz
{quote} I'm good... till now Thank you. I see that you doing good I'm willing to sell GU in near future. What you think?
well, my GU chart looks like this...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 119 KB


I'm waiting for the price to reach the upper resistance (previous support) line @ 1.55 before thinking of selling it. It is also a good psychological level being a RN.
  • #744
  • Feb 16, 2015 3:53am Feb 16, 2015 3:53am
Quoting isengoz
{quote} well, my GU chart looks like this... {image} I'm waiting for the price to reach the upper resistance (previous support) line @ 1.55 before thinking of selling it. It is also a good psychological level being a RN.
I'm still waiting for a strong confirmation of my plan.
However I think that soon correction will appear, because we are at 5th wave right now.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #745
  • Feb 16, 2015 3:58am Feb 16, 2015 3:58am
Hello friends. Only five minutes to say hello.
Donde hay Patron no manda Marinero
  • #746
  • Feb 16, 2015 3:59am Feb 16, 2015 3:59am
Quoting Patron
Hello friends. Only five minutes to say hello.
... and announce that there is a volunteer to manage the thread.
Donde hay Patron no manda Marinero
  • #747
  • Feb 16, 2015 4:04am Feb 16, 2015 4:04am
Quoting isengoz
1st trade to post this week... M1 NZDUSD +16 pips (closed 90% for 1:1 R:R and left remaining 10% at BE) {image}
isengoz

I swear, so I most want, this is not to the ball. You're the perfect trader, for my style of trading.
Chapeau!
You think you repeat. I think every time you pop a goal as well, for me is getting nicer, like football.
Donde hay Patron no manda Marinero
  • #748
  • Feb 16, 2015 4:06am Feb 16, 2015 4:06am
The plan on the GBPUSD, I think the best view. If successful it will give good beneficial.
Donde hay Patron no manda Marinero
  • #749
  • Feb 16, 2015 4:07am Feb 16, 2015 4:07am
Quoting jstmzplsz
{quote} I'm still waiting for a strong confirmation of my plan. However I think that soon correction will appear, because we are at 5th wave right now. {image}
you might be right. I think even if the pair falls (correction) it will not fall out of this compression pattern. we might see some moves somewhat lateral. surely that's just what I see at the moment. it may change with a news release, or something like that.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 123 KB
  • #750
  • Feb 16, 2015 4:09am Feb 16, 2015 4:09am
So long. I will look at how we make the proper administrative transfer.
Donde hay Patron no manda Marinero
  • #751
  • Feb 16, 2015 4:10am Feb 16, 2015 4:10am
Quoting isengoz
{quote} you might be right. I think even if the pair falls (correction) it will not fall out of this compression pattern. we might see some moves somewhat lateral. surely that's just what I see at the moment. it may change with a news release, or something like that. {image}
I agree, I see maximum 40 pips there safely.

EDIT: For now
  • #752
  • Feb 16, 2015 4:15am Feb 16, 2015 4:15am
Quoting Patron
{quote} isengoz I swear, so I most want, this is not to the ball. You're the perfect trader, for my style of trading. Chapeau! You think you repeat. I think every time you pop a goal as well, for me is getting nicer, like football.
hola mi amigo... thanks for your kind words. The ORS just suited my previous style with trend lines, S/R and S/D, so I catch good moves from time to time. however, I still need to deal with my losses. my equity curve's doesn't have the angle I want, yet

see you later...
  • #753
  • Feb 16, 2015 4:22am Feb 16, 2015 4:22am
Quoting Patron
The plan on the GBPUSD, I think the best view. If successful it will give good beneficial.
Do not forget that US banks are closed today. I do not know to what extent this will influence the plans.
Donde hay Patron no manda Marinero
  • #754
  • Feb 16, 2015 4:28am Feb 16, 2015 4:28am
Quoting isengoz
{quote} hola mi amigo... thanks for your kind words. The ORS just suited my previous style with trend lines, S/R and S/D, so I catch good moves from time to time. however, I still need to deal with my losses. my equity curve's doesn't have the angle I want, yet see you later...
Well, in my opinion, the chances of you correct your mistakes and improved that curve are practically 100%, because you understand the market, so everything is in your hands, which is much or all.
Donde hay Patron no manda Marinero
  • #755
  • Feb 16, 2015 4:48am Feb 16, 2015 4:48am
GJ +31
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #756
  • Feb 16, 2015 5:04am Feb 16, 2015 5:04am
Quoting jstmzplsz
GJ +31 {image}
good one J. I got burnt for shorting that on Friday, so I'm staying away from it for a while.
  • #757
  • Feb 16, 2015 5:22am Feb 16, 2015 5:22am
Quoting isengoz
{quote} good one J. I got burnt for shorting that on Friday, so I'm staying away from it for a while.
Thanks man
I think that will be good for you, if you wait for one more confirmation. It will increase your growth curve.
  • #758
  • Feb 16, 2015 7:04am Feb 16, 2015 7:04am
Quoting jstmzplsz
{quote} I'm still waiting for a strong confirmation of my plan. However I think that soon correction will appear, because we are at 5th wave right now. {image}
hey J, I was looking at the charts and I noticed that GU is at a daily reaction level at the moment. so my previous expectation about 1.55 may not be valid and we might see a bearish move in my opinion. Also, a bearish engulf is being created on D1.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 128 KB
  • #759
  • Feb 16, 2015 7:08am Feb 16, 2015 7:08am
Quoting jstmzplsz
{quote} Thanks man I think that will be good for you, if you wait for one more confirmation. It will increase your growth curve.
by the way, what do you recommend for confirmation? I know I act a bit aggressive, but as I add filters to trades it leads to an analysis/paralysis situation.
  • #760
  • Feb 16, 2015 8:14am Feb 16, 2015 8:14am
Quoting isengoz
{quote} by the way, what do you recommend for confirmation? I know I act a bit aggressive, but as I add filters to trades it leads to an analysis/paralysis situation.
You are doing great on M1, but because of that also you do trading counter trend often. So in my opinion you should looking more on M5, then look for patterns like double top/bottom, 1-2-3 formations to enter in a favour of the trend. CT are good, but only in ranging market. I think I don't have to tell that counting waves is a must.
Try to analyze your mistakes from the past and try to find reasons not to enter on M5 at that time.
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