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Off Road System

  • #941
  • Mar 17, 2015 5:51am Mar 17, 2015 5:51am
My prejudices about currency pairs GBPXXX, have not allowed me to make good trades this morning.
It is the second time it happens this week something similar (I do not follow the system).
I've only gained about +15 pips when GBPJPY was in range M1 timeframe by scalping fast I do not usually post.
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  • #942
  • Mar 17, 2015 5:53am Mar 17, 2015 5:53am
Quoting forexdaist
{quote} Maybe 178.20. Never know....
Of course, to reach 176.20, need more than one day, if we stick to ADR.
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  • #943
  • Mar 17, 2015 10:23am Mar 17, 2015 10:23am
hi guys,

I started to like this pair

M1 EURAUD +105 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 95 KB


After +155 pips of profit from longs, I shorted the pair for another +100 pips...

I don't post the longs as they were breakout trades, not ORS ones... By the way, price reached to level I mention in one of my previous posts (#926). Now I would think of shorting it again for new lows...
  • #944
  • Edited 3:43am Mar 18, 2015 3:01am | Edited 3:43am
Quoting isengoz
hi guys, I started to like this pair M1 EURAUD +105 pips {image} After +155 pips of profit from longs, I shorted the pair for another +100 pips... I don't post the longs as they were breakout trades, not ORS ones... By the way, price reached to level I mention in one of my previous posts (#926). Now I would think of shorting it again for new lows...
Beyond the systematic trading, we find the discretionary trading.
In discretionary trading, intuition starring a very important role. Therefore, this type of trading is only suitable for very experienced traders.

In this thread we have already seen some examples of how this type of trading, featuring isengoz and js.

The ORS born in an attempt to establish the condition of the market at a given level (usually intraday) and get a guide to work from attending to technical analysis in general. However, I appreciate any solution to make us earn money, in a simple way.

I get the impression that the latter provision of isengoz, form part of discretionary trading.
The experience makes him intuit that the currency pair needs liquidity, and this sees through the momentum, and support and resistance, and the path of the wave, and harmonics.
Even still gives you more confidence knowing you are in a correction against the major trend, and that the price will not go up too many pips without hesitation and without seeking liquidity (food markets). Intuition does not need shelling all. She knows.

I can not recommend this type of trading for newbies, but it's good to know there. Thousands of flight hours are needed to fly well.

Isengoz, thanks for your contribution and congratulations on your positive pips.
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  • #945
  • Edited 3:55am Mar 18, 2015 3:37am | Edited 3:55am
GBPJPY M5

Short scalped, at breakdown or price action, London.
Attached Image (click to enlarge)
Click to Enlarge Name: gjm5scalperbreallo.PNG Size: 93 KB
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  • #946
  • Mar 18, 2015 3:55am Mar 18, 2015 3:55am
Hi friends of trade,

I traded the reverse in GBPJPY as I see a strong suport. Also divergence and a rough gap. I had to scale down to M1 chart.

+18 pips into my account

Attached Image (click to enlarge)
Click to Enlarge Name: 0318_GBPJPYM1.png Size: 101 KB



thank you all
TONI
  • #947
  • Mar 18, 2015 3:59am Mar 18, 2015 3:59am
Quoting forexdaist
Hi friends of trade, I traded the reverse in GBPJPY as I see a strong suport. Also divergence and a rough gap. I had to scale down to M1 chart. +18 pips into my account {image} thank you all TONI
Very well done. At that level there is a reverse pattern at M1 timeframe. I also had a couple of trades, I will close, soon.
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  • #948
  • Mar 18, 2015 4:10am Mar 18, 2015 4:10am
Quoting Patron
{quote} Very well done. At that level there is a reverse pattern at M1 timeframe. I also had a couple of trades, I will close, soon.
GBPJPY M1

Exit longs.
Quota fullfilled.

Trade based on reversal...
Attached Image (click to enlarge)
Click to Enlarge Name: gjm1long39revers.PNG Size: 78 KB
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  • #949
  • Mar 18, 2015 4:16am Mar 18, 2015 4:16am
Quoting Patron
{quote} GBPJPY M1 Exit longs. Quota fullfilled. Trade based on reversal... {image}
It's really nice to be sinchroniced with such a good traders here!!!!

I must work harder I know, but I feel I'm in a good path to my goal.

Patron, could you share your indicator which it's drawing those RN levels?? Thanks!



toni
  • #950
  • Mar 19, 2015 2:36am Mar 19, 2015 2:36am
Quoting forexdaist
{quote} It's really nice to be sinchroniced with such a good traders here!!!! I must work harder I know, but I feel I'm in a good path to my goal. Patron, could you share your indicator which it's drawing those RN levels?? Thanks! toni
I guess you're referring to Round Numbers. This is the one I'm using now ...
Attached File(s)
File Type: mq4 SweetSpotsGOLD.mq4   7 KB | 216 downloads
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  • #951
  • Mar 19, 2015 2:39am Mar 19, 2015 2:39am
Hoy es el dia de San José, y el día del padre, en España.
Deseo un feliz día a todos los que celebren.

Today is the day of St. Joseph, and Father's Day in Spain.
I wish a happy day to all those who celebrate.
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  • #952
  • Mar 19, 2015 3:35am Mar 19, 2015 3:35am
mornin guys, I'm finally home...

first trade of the day...

M1 EURAUD +47 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 124 KB


I didn't want to take too much risk, so entered only one position...
  • #953
  • Mar 19, 2015 3:50am Mar 19, 2015 3:50am
Quoting isengoz
mornin guys, I'm finally home... first trade of the day... M1 EURAUD +47 pips {image} I didn't want to take too much risk, so entered only one position...
You allways wonder me! Your trades are awesome. I wish some day I can take such a good entries and exits.



salut
TONI
  • #954
  • Mar 19, 2015 4:59am Mar 19, 2015 4:59am
Quoting forexdaist
{quote} You allways wonder me! Your trades are awesome. I wish some day I can take such a good entries and exits. salut TONI
hi toni, thanks for your reply. actually such entries are not that difficult. I try to show every factor behind my trades. for example, on this one:

- the price made a new low and retraced back. that showed me that price would continue to fall.
- there was a supply level (blue line) confluencing with RN (50 level), BB upper line, some fibo (88.6% of the last down move), PA divergence with RSI. so it didn't take much time to judge the position from my point of view.
- and exit was the demand level confluencing with another RN (00 level)

as you see the steps are not that difficult. the thing is you should concentrate on the pair's moves and keep the bigger picture in mind. the rest will come with practice...

bye for now...
ismail...
  • #955
  • Mar 19, 2015 6:30am Mar 19, 2015 6:30am
another 100+ pips from multiple positions. when I closed the trades I felt like I left a lot on the table, but I didn't like the divergence on RSI. I may re-enter if the price retraces back. my target was the blue line on top...

M1 EURAUD +120 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 185 KB
  • #956
  • Mar 19, 2015 6:41am Mar 19, 2015 6:41am
Quoting isengoz
another 100+ pips from multiple positions. when I closed the trades I felt like I left a lot on the table, but I didn't like the divergence on RSI. I may re-enter if the price retraces back. my target was the blue line on top... M1 EURAUD +120 pips {image}
grr , that meant 160 more pips on 4 positions... I shouldn't have intervened my trades...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 130 KB
  • #957
  • Mar 20, 2015 11:04am Mar 20, 2015 11:04am
it's been very quiet here today...

I just want to share what I learned from the day. in the morning I saw that the price retraced back all the way down to the base of the last upwave. so I opened long positions with the expectation that it will go higher before returning back to its bearish HTF trend. I was right and I went up till 500+ pips on 5 positions. everything was okay till then. however, my target was about 40 pips above and I was blinded with that. I saw the price screaming that it will come down at 1.40 but disregarded that. when it started falling I considered that it was a retracement, then opened 2 more positions. in the end, ended the day at break even. From 0 to 500 then back to 0. anyway, the lesson learnt. I should never ignore the PA and signals I get from it, and should never let overconfidence rule my decisions.

here is the chart of those trades...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 142 KB


I hope next week will be profitable for all of us...
see you later...
  • #958
  • Mar 22, 2015 2:52pm Mar 22, 2015 2:52pm
Quoting isengoz
{quote} ...I just wanted to show you my larger time frame view on GJ. I think the pair has a room of about 800 pips to the downside according to the bullish gartley forming...
10 days passed since my post, and I see it on a video at one of my YouTube subscriptions. I think I improved a bit lately as I started to see patterns before the mentors...

Inserted Video


by the way, I like this guy's videos. most of the time they are very informative (except the ones he is trying to sell something ), and he is the one who made me like harmonics and I advice everybody watch some of his videos...
  • #959
  • Mar 23, 2015 4:35am Mar 23, 2015 4:35am
Quoting isengoz
{quote} 10 days passed since my post, and I see it on a video at one of my YouTube subscriptions. I think I improved a bit lately as I started to see patterns before the mentors... https://youtu.be/lOradsBTHBU by the way, I like this guy's videos. most of the time they are very informative (except the ones he is trying to sell something ), and he is the one who made me like harmonics and I advice everybody watch some of his videos...
Morning

Indeed, I remember that message on the harmonic probability of GBPJPY.
I appreciate your contributions. Unfortunately, at my age, I can read English, but it is very difficult to understand by the sound, and I can not share those files. However, surely there will be many people who can take good advantage of the link.
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  • #960
  • Mar 23, 2015 4:38am Mar 23, 2015 4:38am
Quoting isengoz
it's been very quiet here today... I just want to share what I learned from the day. in the morning I saw that the price retraced back all the way down to the base of the last upwave. so I opened long positions with the expectation that it will go higher before returning back to its bearish HTF trend. I was right and I went up till 500+ pips on 5 positions. everything was okay till then. however, my target was about 40 pips above and I was blinded with that. I saw the price screaming that it will come down at 1.40 but disregarded that. when it started...
Too optimistic.
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