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Follow the monthly candle and be profitable

  • #841
  • Jan 5, 2015 10:44am Jan 5, 2015 10:44am
Quoting behman8850
{quote} Your TP 20 pips is fine BUT SL 20??? There should NOT be ANY SL if you are taking weekly trade. Thats my opinion and I am sticking with it. Sl is taken away by brokers, they are looking at gullible people.
That's how I've been trading with very good results (see my previous posts on this). It worked very well for two weeks, but then on the third week (after I had exponentially increased my lot size to .04), I caught a wide range of "floating losers" in the negative. I still have 4 of those trades floating. If I were to continue increasing my lot size, I'd go bust sooner or later without a stop loss.

I see two options to combat this:
1) Trade without a S/L, but use a very conservative lot size.
2) Trade with a S/L, allowing use of a more aggressive lot size.

I'm with you in spirit: Screw having a stop loss! But as soon as you have one bad week, things can turn on you! If you use a teeny tiny lot size, it's fine. But can we make any gains with such a small lot size? It's worth thinking about!
I am NOT an expert. I post to learn from others.
  • #842
  • Jan 5, 2015 11:02am Jan 5, 2015 11:02am
Good morning to all just a humble opinion. I have been reading the complete thread and see how people benefit from Mr Robinhos knowledge and many Others but when the guy says that he doesnt have internet Nobody and i mean nobody ask what can we do to help him ....... I think it would be a good idea to offer our help to somebody that has been giving us so much for nothing in return . This kind of Mentors are the ones that we need on our side not only to benefit from them but tohelp them when in need
  • #843
  • Jan 5, 2015 12:37pm Jan 5, 2015 12:37pm
Quoting Phantom-X
Hey all, Robinho, Another update on my results. I still have 4 trades floating from awhile ago, but I decided to place 24 trades last night with the following criteria: Lot size: .01 Entry: Follow last week's candle S/L: 20 pips T/P: 20 pips --Results-- Trades won: 11 Trades lost: 13 I came out slightly behind with this method. My win rate is no longer super high, as before. Conversely, no trades were remaining floating and all trades got closed out very quickly. There are obviously pros and cons to this style of trading. The biggest pro is that...
You can not work with Stop 20 pips, it is dangerous ... The couple are ending the cycle of movement ... See EURUSD ... look low of 2010 and 2012 ... we are getting at key points,, , expect that price back,,,
  • #844
  • Jan 5, 2015 12:55pm Jan 5, 2015 12:55pm
Friends at what time I spoke to put a stop 20 pips? Do you love to suffer? Are you crazy? would be great to put a stop 05 pips to gain 10 pips every day ... but the market is dynamic, we can not work like that.

PAY ATTENTION

See the post 426 (24.10.2014) ... stop what they are doing and read. On 24/10/2014 I was talking about what would happen ...

Prices are coming in a super interesting area ... wait, have patience. read, read and read.

I know that may not be getting properly explain to you. EURUSD is coming in a zone of stagnation ... I know the Monthly candle is red, red and red daily weekly ... but we have to see what will happen to the price ... it is interesting to expect as the weekly will close. ..but see D1 ... we can get a very good purchase price, this return that the price will give and 2015.

Can trigger new entries every 250 pips, and when the price back to 1.3000 / 1.4000 being with many positive entries. advise put a stop 300 pips in these entries.

PDF Patience, Discipline and Focus.
  • #845
  • Jan 5, 2015 12:56pm Jan 5, 2015 12:56pm
Quoting Cholvi05
Good morning to all just a humble opinion. I have been reading the complete thread and see how people benefit from Mr Robinhos knowledge and many Others but when the guy says that he doesnt have internet Nobody and i mean nobody ask what can we do to help him ....... I think it would be a good idea to offer our help to somebody that has been giving us so much for nothing in return . This kind of Mentors are the ones that we need on our side not only to benefit from them but tohelp them when in need
thank you very much, I am in Lan house
  • #846
  • Jan 5, 2015 1:28pm Jan 5, 2015 1:28pm
Mr Robinho i m a regular reading of your thread and i have learnt alot from you. you are doing a great job for us
  • #847
  • Jan 5, 2015 3:17pm Jan 5, 2015 3:17pm
Hello Robinho,

My system is a modification of your original system. You started with monthly candles with 60 pips TP and 100 pips SL. I took that idea and applied it to the weekly charts. I've been trading this way for several weeks, and have posted several times my results with this weekly system. I never claimed that you recommended this kind of system. I'm only posting these results so that others can benefit from what *I'm* trying.

Previously, I placed all my trades with a 20 pip TP with no SL each week, and I won almost all my trades just by following the previous week's candle. However, my last set of trades had several "floating" losers for quite some time, preventing me from placing any new trades for awhile.

My first attempt to deal with this problem was to implement a SL. My first try was to use an identical 20 pip TP and SL. It did not work as intended, so I will modify this system next time.

I agree with the others - you have all given us a lot and dedicated a lot of your time to this. And just like the others I'm very appreciative. But please, understand that I'm trying things out based on the system I've been using. In no way does it reflect what you've been saying or recommending.
I am NOT an expert. I post to learn from others.
  • #848
  • Jan 6, 2015 7:18am Jan 6, 2015 7:18am
Quoting Phantom-X
Hello Robinho, My system is a modification of your original system. You started with monthly candles with 60 pips TP and 100 pips SL. I took that idea and applied it to the weekly charts. I've been trading this way for several weeks, and have posted several times my results with this weekly system. I never claimed that you recommended this kind of system. I'm only posting these results so that others can benefit from what *I'm* trying. Previously, I placed all my trades with a 20 pip TP with no SL each week, and I won almost all my trades just by...
Good morning ... that's right ... but see.

All post here, it's because I've tested several times. But is that really how it's done. Very good your initiative.

Soon plan to have a website, do not know how I will. we can set up an investment club.

I would like to receive suggestions from you. We can win together.

A big hug.
  • #849
  • Jan 6, 2015 3:31pm Jan 6, 2015 3:31pm
Quoting Phantom-X
{quote} That's how I've been trading with very good results (see my previous posts on this). It worked very well for two weeks, but then on the third week (after I had exponentially increased my lot size to .04), I caught a wide range of "floating losers" in the negative. I still have 4 of those trades floating. If I were to continue increasing my lot size, I'd go bust sooner or later without a stop loss. I see two options to combat this: 1) Trade without a S/L, but use a very conservative lot size. 2) Trade with a S/L, allowing use of a more aggressive...
For 10 pip method. Try 10TP 50SL. I've been having success with that.
  • #850
  • Jan 6, 2015 3:55pm Jan 6, 2015 3:55pm
Quoting Robinho
{quote} Good morning ... that's right ... but see. All post here, it's because I've tested several times. But is that really how it's done. Very good your initiative. Soon plan to have a website, do not know how I will. we can set up an investment club. I would like to receive suggestions from you. We can win together. A big hug.
Sounds familiar. I believe it would be called a HYIP. High yield investment plan. 99.9% of them are scams, illegal pyramid. You can buy a script and modify it from ebay. I have seen some with hundreds of users and millions invested the next day they are gone. There are ways to play them and make money but far more risky than forex. If you tried it you would have a ton of users sign up with varied deposits that you would have to keep up with to give them the right % back. But then you also have to worry about taxes. Other than that posting here or starting a blog would probably be the easiest.
  • #851
  • Jan 7, 2015 7:02am Jan 7, 2015 7:02am
Quoting Patternz
{quote} For 10 pip method. Try 10TP 50SL. I've been having success with that.

good day without stop loss trade, only if the 1st input cycle, otherwise, we can not work without stop loss

read my post 426 ... prices are coming in their exhaustion cycles ... see that EURUSD is at its low of months ago 2010 and 2012 ... USDJPY is in its high of months ago ... Who came into the entry post 815 is gaining 500 pips. this time we have to be careful with the sell entries, even Monthly and weekly and daily being red.
  • #852
  • Jan 7, 2015 8:18am Jan 7, 2015 8:18am
Quoting Robinho
{quote} good day without stop loss trade, only if the 1st input cycle, otherwise, we can not work without stop loss read my post 426 ... prices are coming in their exhaustion cycles ... see that EURUSD is at its low of months ago 2010 and 2012 ... USDJPY is in its high of months ago ... Who came into the entry post 815 is gaining 500 pips. this time we have to be careful with the sell entries, even Monthly and weekly and daily being red.
Olhando para o par eur/usd, O movimento é tão forte no sentido de venda, que ir em sentido contrário, é fazer frente a um trem e imaginar que o consegue parar.

follow the trend till the end.

o Eur Usd poderá descer até 1.15 ou 1.1

Just my opinion!

;o)
ReAl MoDe: ON
  • #853
  • Jan 7, 2015 10:09am Jan 7, 2015 10:09am
Quoting Patternz
{quote} For 10 pip method. Try 10TP 50SL. I've been having success with that.
Last night all winners. Except eur/jpy went exactly to my SL 141.66 before turning my way. If it had been 51pip SL i would've had it.
  • #854
  • Jan 8, 2015 5:28am Jan 8, 2015 5:28am
Quoting vicentis
{quote} Olhando para o par eur/usd, O movimento é tão forte no sentido de venda, que ir em sentido contrário, é fazer frente a um trem e imaginar que o consegue parar. follow the trend till the end. o Eur Usd poderá descer até 1.15 ou 1.1 Just my opinion! ;o)
Good day ... I talked to buy? told to pay attention because the couple is in a delicate ... while D1 candles, weekly and monthly area are red, we have to sell, but due to being in a zone of various media (see monthly 2012.2010 and see low 2005. 1.1639) have to be careful.

We can buy so close at least one blue candle weekly, but very carefully ... it is okay to wait a sign in the monthly candle.
  • #855
  • Jan 8, 2015 7:12am Jan 8, 2015 7:12am
Quoting Patternz
{quote} Last night all winners. Except eur/jpy went exactly to my SL 141.66 before turning my way. If it had been 51pip SL i would've had it.
This pair EURJPY

previous month = red
previous weekly = red
Previous = green diary

We have many couples wait ... wait mainly the 1st gear. When it happens it is best to stay out.

opening day = 141.13
high of the day = 141.73
low of the day = 140.90

Even monthly and weekly red, had a force greater day up. So any noise ... MN = W1, D1 different,,, stay out of that pair.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY MN 01012015.png Size: 254 KB
Click to Enlarge Name: EURJPY W1 01012015.png Size: 245 KB
Click to Enlarge Name: EURJPY D1 01012015.png Size: 253 KB
  • #856
  • Jan 8, 2015 10:15am Jan 8, 2015 10:15am
Many people are wondering how do the operations. I think that is so simple that people do not believe. See: red EURJPY closed after a previous month following 03 months blue.
MN = red
W1 = red

We have to go in the 1st opportunity, after a candle D1 close red. The D1 candle of the day 01/02/2015 Friday closed red.

Then we have the convergence:

Monthly Closed Red
Weekly Closed Red
Daily closed red

Thus we had the 1st opportunity with 03 red teams. The entrance was on 01/05/2015 once the market opens, since we know that the 03 previous candles are red.

Opening price 01.05 = 143.26
low price of 01.07 = 140.53

had the opportunity to win + 270 pips

Expect the opportunities, will hardly lose.

PDF
  • #857
  • Jan 8, 2015 11:03am Jan 8, 2015 11:03am
To make it easier for friends I'm leaving a window for easier viewing of the closing of the previous candle. Left side of the candles being aligned in the day, the 1st opportunity, enter the operation.

We will work with only 11 pairs:

EURUSD, GBPUSD, AUDUSD, NZDUSD, EURJPY, GBPJPY, USDJPY, EURAUD, GBPAUD, USDCAD, USDCHF.

Lower the indicator Recent cadles
Upload the template D1, W1, MN

NO NEED MORE THAN NOTHING. I left the EMAS 21 and 1440, as they can help in resistances and supports.

Always looks candles fechadas.Assim to close the day and show the opportunity for the 1st time, enter.
Attached Image (click to enlarge)
Click to Enlarge Name: D1,W1,MN imagem.png Size: 256 KB
Attached File(s)
File Type: ex4 Recent Candles.ex4   36 KB | 564 downloads
File Type: mq4 Recent Candles.mq4   37 KB | 567 downloads
File Type: tpl # D1, W1, MN.tpl   24 KB | 582 downloads
  • #858
  • Jan 8, 2015 4:31pm Jan 8, 2015 4:31pm
see USDCAD

1st opportunity D1 closed blue. Weekly and monthly previous blue closed.
Attached Image (click to enlarge)
Click to Enlarge Name: 1ª Oportunidade USDCAD 09012015.png Size: 262 KB
  • #859
  • Jan 9, 2015 12:22am Jan 9, 2015 12:22am
Hello Sir,

Thanks for your efforts

i have problem when i try using template and indicators i got this

Attached Image (click to enlarge)
Click to Enlarge Name: HELjukr.png Size: 25 KB
  • #860
  • Jan 9, 2015 5:27am Jan 9, 2015 5:27am
Quoting bassemmixez
Hello Sir, Thanks for your efforts i have problem when i try using template and indicators i got this {image}

good day

You need to download the recent 02 cadles indicators after LOAD THE TEMPLATE.

When you load the template, your setup will look like the picture I sent, not needing to change anything.
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