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Off Road System

  • #1,141
  • Apr 13, 2015 11:44pm Apr 13, 2015 11:44pm
Morning

EURAUD M5
Is this a reversal ?
What do you think ?
Attached Image (click to enlarge)
Click to Enlarge Name: eam5 reversen.PNG Size: 105 KB
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  • #1,142
  • Apr 14, 2015 12:23am Apr 14, 2015 12:23am
Quoting Patron
Morning EURAUD M5 Is this a reversal ? What do you think ? {image}
Might be but be aware that there is a possibility for 5th wave
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB
  • #1,143
  • Apr 14, 2015 12:37am Apr 14, 2015 12:37am
Quoting jstmzplsz
{quote} Might be but be aware that there is a possibility for 5th wave {image}
EURAUD H1

That depends on how we look and count the waves.
If the reversal is consolidated, there are several objectives. I, for now I have placed a Fibonacci.
Attached Image (click to enlarge)
Click to Enlarge Name: eah1.PNG Size: 100 KB
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  • #1,144
  • Apr 14, 2015 12:46am Apr 14, 2015 12:46am
Quoting Patron
{quote} EURAUD H1 That depends on how we look and count the waves. If the reversal is consolidated, there are several objectives. I, for now I have placed a Fibonacci. {image}
Gap on M5 Elliott resistance, so we should go up
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
  • #1,145
  • Apr 14, 2015 12:50am Apr 14, 2015 12:50am
Quoting jstmzplsz
{quote} Gap on M5 Elliott resistance, so we should go up {image}
EURAUD M5

My broker have not a gap, but i think there are very probable that the trade for long is good.
Attached Image (click to enlarge)
Click to Enlarge Name: EAM5NOGAP.PNG Size: 118 KB
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  • #1,146
  • Apr 14, 2015 1:16am Apr 14, 2015 1:16am
EURAUD M5

Well, quota filled.

I wish you a good day to all.
Attached Image (click to enlarge)
Click to Enlarge Name: ealong55.PNG Size: 85 KB
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  • #1,147
  • Apr 14, 2015 2:38am Apr 14, 2015 2:38am
hey guys...

I'm posting a bit late today...

I got a few pips in the morning and left most of it on the table... Anyway, I reached my daily target, too...

M5 EURUSD +50 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 133 KB


I still think EU will go up but I won't risk my gains for today...

hope to see you tomorrow...
  • #1,148
  • Apr 14, 2015 4:51am Apr 14, 2015 4:51am
Quoting isengoz
hey guys... I'm posting a bit late today... I got a few pips in the morning and left most of it on the table... Anyway, I reached my daily target, too... M5 EURUSD +50 pips {image} I still think EU will go up but I won't risk my gains for today... hope to see you tomorrow...
EURUSD M5

I also pay attention to this pair of currencies, even made a small scalping (14 pips). But I found it easier formation EURAUD, and focused on it.
Attached Image (click to enlarge)
Click to Enlarge Name: eum5difi14.PNG Size: 104 KB
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  • #1,149
  • Apr 14, 2015 4:56am Apr 14, 2015 4:56am
Yesterday, I manage not concentrate well and did not see clear opportunities (although there were some). But today I will try to compensate ...
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  • #1,150
  • Apr 14, 2015 5:26am Apr 14, 2015 5:26am
EURAUD M5

Looking for long, again...
Attached Image (click to enlarge)
Click to Enlarge Name: eam5long2-.PNG Size: 141 KB
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  • #1,151
  • Apr 14, 2015 5:29am Apr 14, 2015 5:29am
EURUSD M5

Looking for long.

bEWARE NEWS!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5LOOKLONG.PNG Size: 90 KB
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  • #1,152
  • Apr 14, 2015 5:39am Apr 14, 2015 5:39am
Quoting Patron
EURUSD M5 Looking for long. bEWARE NEWS! {image}
EURAUD M5

Break at NY with news...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm55brekny47.PNG Size: 89 KB
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  • #1,153
  • Apr 14, 2015 5:40am Apr 14, 2015 5:40am
Quoting Patron
EURAUD M5 Looking for long, again... {image}
EURAUD

Still long with BE...
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  • #1,154
  • Apr 14, 2015 5:42am Apr 14, 2015 5:42am
Quoting Patron
EURUSD M5 Looking for long. bEWARE NEWS! {image}
with these I doubled my daily target. I thought trades would be closed by the news time, so it was a tense wait while I was in drawdown.

M5 EURUSD +47

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 130 KB


by the way whenever I trade breakouts either I get caught in fake moves like this one, or wait for a while for the price to turn back to my way. what are your criteria to distinguish good/bad moves?

I would be rich if I didn't pull the stops of my first trades to BE too soon
  • #1,155
  • Apr 14, 2015 5:49am Apr 14, 2015 5:49am
Quoting Patron
Yesterday, I manage not concentrate well and did not see clear opportunities (although there were some). But today I will try to compensate ...
Filled Yesrterday quote

EU +47
EA +24
Attached Image (click to enlarge)
Click to Enlarge Name: eayester.PNG Size: 88 KB
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  • #1,156
  • Apr 14, 2015 5:58am Apr 14, 2015 5:58am
Quoting isengoz
{quote} with these I doubled my daily target. I thought trades would be closed by the news time, so it was a tense wait while I was in drawdown. M5 EURUSD +47 {image} by the way whenever I trade breakouts either I get caught in fake moves like this one, or wait for a while for the price to turn back to my way. what are your criteria to distinguish good/bad moves? I would be rich if I didn't pull the stops of my first trades to BE too soon
In general, my view is the technical anális top timeframe. I try not to operate around the turn of the session. Unless you set pending orders in favor of my analysis, but be careful hunters pending orders.
Today I had placed the order for the EURAUD. And for the EURUSD, I've hunted the flight because the pair has not moved its spread too.
It would have been difficult to catch the flight EURAUD, because the spread has increased a lot.
Anyway I believed in my analysis and I have been able to operate with many odds in favor.
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  • #1,157
  • Apr 14, 2015 6:00am Apr 14, 2015 6:00am
Quoting Patron
{quote} In general, my view is the technical anlis top timeframe. I try not to operate around the turn of the session. Unless you set pending orders in favor of my analysis, but be careful hunters pending orders. Today I had placed the order for the EURAUD. And for the EURUSD, I've hunted the flight because the pair has not moved its spread too. It would have been difficult to catch the flight EURAUD, because the spread has increased a lot. Anyway I believed in my analysis and I have been able to operate with many odds in favor.
In short, it's a matter of accepting the market condition and put through, technical analysis, the odds favor, and immediately close the trades if error ... In the long run you win.
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  • #1,158
  • Apr 14, 2015 6:05am Apr 14, 2015 6:05am
Quoting Patron
{quote} In short, it's a matter of accepting the market condition and put through, technical analysis, the odds favor, and immediately close the trades if error ... In the long run you win.
ok, thanks for your reply patron...
  • #1,159
  • Apr 14, 2015 6:08am Apr 14, 2015 6:08am
Quoting Patron
{quote} In short, it's a matter of accepting the market condition and put through, technical analysis, the odds favor, and immediately close the trades if error ... In the long run you win.
Izengoz, I hope I have answered your question, otherwise we can continue talking about it .. The experience is also very useful as it gives rise to that higher intuition, this is the first sign.
Then I check that it is technically feasible, and finally comes the decision ....

I have to rest, so I leave here.
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  • #1,160
  • Apr 14, 2015 9:07am Apr 14, 2015 9:07am
Quoting Patron
{quote} Izengoz, I hope I have answered your question, otherwise we can continue talking about it .. The experience is also very useful as it gives rise to that higher intuition, this is the first sign. Then I check that it is technically feasible, and finally comes the decision .... I have to rest, so I leave here.
well, actually I was asking about the trendline/pattern (i.e. ascending/descending triangles) brekaouts. maybe J. could answer this as most of his trades are taken when the price breaks a trendline or S/R level.

if I take a trade as soon as the trendline breaks it sometimes turns out to be a fake spike, if I wait for the candle to close out of the pattern then the price moves too far to be profitable, if I wait for the price to test the trendline it may never come back like the move we had today. I'm good at taking trades at retracements as you see from the screenshots I post, but I couldn't find a consistent way to take such trades. I wanted to know if you had a consistent way of trading these or a set of rules for such positions.

EURUSD example...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB


by the way, you can call me Ish or Ismail...
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