Off Road System

Quoting jstmzplsz

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Morning EA +100 by night. Was at BE before the news. Entered after 5th wave on support area. {image}

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Quoting Patron

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EURAUD M5 Looking for try short scalp, at correction (?) Or wait ... {image}

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Quoting Patron

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{quote} Congratulations, js !! Although entry is completely intuitive, unconfirmed ...

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Quoting jstmzplsz

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{quote} It's true Trade was based only on divergence at double bottom and 5th wave. With no further confirmation. I was treating it as a possible bonus from AUD news only. (Do not copy. Always wait for confirmation everybody!)

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Quoting Patron

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My quota is filled and I have to leave. So long!

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Quoting forexdaist

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Hi, I've been having some losses these past days.... Today it's been OK. This is my EA trade that I closed too early by mistake. Oh, what a pitty. {image} I think I must clear up my mind about this strategy. I'm vey impulsive and sometimes don't analyse the whole situation properly. I need a clear trading plan. Less noise, more clearless. cheers TONI

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Quoting Patron

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NZDUSD M5 I think it is probable that the downward trend will continue. Will see. {image}

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Quoting Patron

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GBPJPY M5 My chartist view of GJ... {image}

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Quoting Patron

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{quote} NZDUSD H4 Engulfing... {image}

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Quoting isengoz

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{quote} hi patron when I look at NZDUSD I see that price just tested a previous support that turned into a resistance, and the reaction was good that it created an engulf, but not good enough to create a new lower low. now I expect the buyers to test that level again, and furthermore the level I indicated with blue circle. it is a level which contains many confluences. I expect a big move between 0.765x - 0.766x. a mid term short may be considered with stops above the supply zone till 0.722x. a very good R:R in my opinion. {image}

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Quoting Patron

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{quote} Is it possible scenario that you propose. But the engulfing already was valid and won 35 or 40 pips. I'm not saying to go short immediately, but I think that if an entry intraday short is confirms it then have a good chance of success. According ORS, at H4, market condition seems to lateral. The engulfing occurs at the level of the upper Bollinger band, then I think chances are good looking shorts trades. Now need the price action that has not yet occurred in intraday. That is, I am agree that your scenario may occur, but, for me, has more...

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Quoting isengoz

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{quote} yep, I saw that 5th wave, too. but because I didn't see a new lower low and price retraced just 50% of the last move I assumed that the 5th wave may not be over and that might be a retracement that occurred at a critical level. surely because we talk about H4, any move is about or over 30-40 pips, so they are good to trade. I'm talking about trading like an elephant (big waves and large pips, more time) however it is also possible to trade like a cheetah or something like that (fast in fast out)

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Quoting Patron

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{quote} NZDJPY H4 I fully understand your argument, and, as I said, is a likely scenario. But for my style of trading, it is difficult to search for trade longs, and it is easier, for me, in this situation, wait and look for shorts trades.

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