Off Road System

GBPJPY scalped at support for 30 pips (4 mini-trades)

WELCOME BACK MASTER PATRON..

always admire how you trade,

nice to see this thread live again..

subscribe n ready to learn

Hi h4dy, I sincerely appreciate your welcome. Actually, I do not pretend to give lessons, but to share my view the market, waiting for you to do the same.
But I'm not succeeding in that sense, so I'm wondering if it makes sense this monologue where I am the only person sharing.

Closed for vacations.

hey patron, welcome back. it's good to see you posting again. I hope you continue writing when you turn back from your holiday. I still use our good old offroad method for my trades, however these days I don't trade as often as I used to, which I hope will change in the near future.

Today I got into some action which ended in profit. Entries were off the M15 but posting H1 for clear understanding.

EURAUD H1



EURAUD M15



see you later...

I missed the long opportunity yesterday, as I closed my positions after Europe close. but joined the action with USD news today. 1.30 round number, daily ADR high, daily R3 pivot level, triple-top confluence gave me the opportunity to double my daily target...

GBPUSD M5

What settings do you have on the BB indicator ? Thank you!

hey davidpet, please start reading from page 1...

the MM EA closed my positions a few pips earlier than I targeted as they reached my daily goal. I expect the next wave to end around 1.46. but that's another story, everyone should watch PA and make their own decisions...

EURAUD (+150 pips)

as usual, the level I expected for the price to turn did not work out. if I had not quit those trades, I would sit on 450 pips more as the pair went 150 pips (x3 positions = 450 pips) further. I feel like a newbie chess player sometimes. most of the time, I can't see even one further step ahead. I play the game as I see it now...

today's profit came from GBPUSD. I'm sending H1 for better understanding the levels I watched and M5 for the entries. again my money management EA closed the trades when I reached my daily target. no need to be greedy, I think, especially on fridays...

GBPUSD H1



GBPUSD M5 (+105 pips)



with these trades, I close the day and the week...

yesterday was very slow that I took some positions at the end of the day on CAD pairs and I took profit in the morning...

USDCAD



EURCAD

then, I took some breakout trades which ended about +50 pips on GBPAUD. I could have re-entered at the test of the trendline but I had already shorted EURAUD. so I didn't want to both buy and sell AUD at the same time...

GBPAUD

well, I have been waiting for this fall...

EURAUD



edit: well, these ones got stopped out when the price crossed the upper trendline...

today was pretty easy. I took some loss at UCAD with the Frankfurt open, but then recovered and reached my daily target with GU. that's enough for today...

GBPUSD (+120 pips)

my recent trades I posted here have been from the demo account as I was away from the markets for a while and since I gained around 60% in 2 weeks I decided to turn back to my real account yesterday (on Friday). I was expecting a 100-150 pip fall for GBPUSD for the last 3 days so I waited till FED event. when the event started price fell around 70 pips and that was the part which messed up everything. I was actually waiting for a move upwards at first, then I would start shorting around 1.3250. but when the price fell suddenly I thought the move had started, then I started to short with the retracement. well, the chart below shows the end result. next week it looks like I need to work hard to cover that... that was a good lesson for me, though.

GBPUSD

this week I won't be able to trade much. however, yesterday I got 1/4 of my loss on Friday with some easy trades...

GBPUSD (+105 pips)

very good. you have a monitoring strategy on myfxbook?

thanks, davidpet. I used to use myfxbook before, but then I decided that those charts influence my trading in a bad way that when I have a winning streak like a week or two, I tend to take more risk in order to keep that angle of the graph and finally I loose more than I should. for this reason, I don't use myfxbook anymore. and if you are asking for a signal service by "monitoring strategy", I'm against such things. I still believe that one should learn, study and develop his/her own way of trading.

ok, some more losers. actually my mindset was quite right that I thought the Sterlin would climb till 1.3150 at first, then would fall, then again go up. I longed it on the 30th, but got stopped out. I wish I didn't place my stops too tight, maybe below the black line at the LLs. the pair moved directly to my TP level. anyway, the next day (yesterday) I don't know what I was thinking by shorting the pair as the move to the upside had already started during Asian session. I didn't have much time to trade so didn't analyze it appropriately I guess.

GBPUSD