Robinho Enhanced

Hi,


I am Blanca from Mexico. Have been a trader since 1995 even before internet was invented, I had the fortune to trade in the floor and then see the change to electronic trading, I am also a CTA (Commodity trader advisor) and like all of you I also love trading, and this thread will have the purpose to be together and learn to trade together, because thats why we are all here, to trade and make money for ourselves.

Recently I found this system that I found in the forum and that with some skills it could be traded with certain degree of sucess, but also those skills could be acquired or learned, otherwise the system has several false entries, just like any other system. Also this system lacks of a good money management in order to get the best of each entry and also to make a consistent profit.

The only requirement to be here is to share your passion for trading, respect for your colleagues traders which study so hard, help among ourselves with kindness, this is not a place to boost egos but to share our experience in order to get the best of a system which if we manage to make it work, will make consistent profits for all of us and our accounts.

You are welcomed to use demo, real or whatever you want, share your observations of each trade, profitable patterns you can find, ideas about money management, show us your price action skills, spread your wings in trading and feel free to use any currency, cross you find. Please if you can post your images, right now I am not using my laptop but if you help me with that would be great.


In next posts will write the basic rules of this system and share with you the entries I have found so far, but feel free to start posting your trades, your explanations of the trades, your doubts, your ideas, your contributions, because this thread will be for you to learn, to trade and to earn. Lets make this journey together and lets make this work.

Just please, this is a breakout method with the rules Copi shows, so do not promote non related systems.

Hey buddy. Great thread here. I have also traded the Rohbino system and made some really nice filters and ways to increase the amount of pips you get. I will share my ideas. Cant wait to hear yours.​

I use the currency strength meter for trend and countertrend and trade the 5 min chart.

Trend:

I look for the number 1 and 8 spot and I look for price to be trending below or above the cloud. I then wait for a pullback to the 38.2/50 retracement and I take the trade at candle close. When the pullback happens the currencies will move but as long as the currency at the 1 spot does not move to the bottom 4 spots or the currency at the 8 spot does not move to the top 4 spots the trade is still valid. Also make sure the trend has made a higher high/lower low.

CounterTrend: Look for 1 and 8 spot pair and wait for price to close below DS2/DS3 for long and DR2/DR3 for short. Stoploss is 2 or 3 times the ATR pip range and take profit has 3 targets: first is the ATR, second is 2 times the ATR 3rd is 3 times the ATR(stoploss and take profit must be a minimum of 10 pips)
Broker must be GMT + 2 timezone btw

Here are examples: https://gyazo.com/9f63b8545563479ad36a076bff7e8584

Sharingan9,

That is amazing¡¡¡ and that is exactly what I am talking about, I have a couple of patterns I found, one of which I call it the magical pattern because it works almost all the time, and those 2 patterns you found , the second one is the one I use all the time, I will show you later some images.
What you just wrote is the pure action of price and I am sure there are many patterns we will see in this thread that are fantastic, let me see in detail your images and patterns but so far they sound very very good. thanks and lets get this party started.

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Shari,

You just mentioned some very important things that this system needs to improve and you just showed me how you are solving it, let me show you:

In any system it is very important to know where to place the stoploss and where to place the take profit. In order to get the more pips our stoploss should be smaller than our take profit. In Robinho´s system this is not yet defined, because the fixed stoploss and take profit of 18 pips of sl and 9 pips of take profit, in the long run will not make our account grow but go low, so lets see.

The stoploss could be placed the nearest to a support /resistance, in the examples you showed, they are just below/above, so once we already know where to place the stoploss this makes it a small one, in many cases if you place the stoplosss in those levels it could be even 10 pips, depending of each case but it reduces a lot.

Also the stoploss in the case the entry is like flying or away those levels, could be the recent lower low or recent higher high, you could look for a place of resistance or support, or like in your case you are using the cloud and looking for support before the trade goes up. very nice too.

The ATR is also a very nice option for a stoploss, like you just showed it. Just lets try to make it the smaller the better.


Now lets take about the take profit, which in many cases we´ve seen that we take only few pips and later the trade goes on and on with a lot of money there. So:

A nice place to take the profit it is also the support/resistance levels, many times they are far away so a good option is look for the sublevels of the sweetspotgold indicator, in the 50 period.

Another very nice way to take profit is the ATR you just showed us, this indicator has always been used to take profit.

We are now starting to get a small stoploss and a higher take profit, which is the basic of a good money management.

Hi Blanca,

Nice thread to learn together!
This is my entry in London today GBPJPY +9

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Lets write some basic Robinho´s rules so we can understand what we can improve:


Basicly, it is a system based in currency correlation and for this we need a currencymeter.

This currencymeter has 8 levels, and two lines above and below the currency lines, so when the lines go below 2 or above 8 level then it makes a good gap for considering an entry.

It also shows us trend with a 34sma, an open daily line, both of them are good indicators of trend, the daily line if you watch closely makes the price stay in one side of the line, sometimes all day long.

This combined with the absolute indicator and the price to open makes them like a reliable way to know the trend.

That is why many times we place a trade and even if its not totally correct, the price returns always and takes the right trend, because at least we are taking the trend correctly.

So now we have a gap if we choose currency 1 and currency 8
and we have the trend correctly.

But then why, if we follow all the instructions, and we get a nice open angle, the trade just sometimes do not work?

And we look at the system and it looks simple and clean, so there must be a way to make it work, and it is in fact many ways to make it work.

The answer is price action

With few price action observations, I started to see that when the price is so far away the opendaily line and 34sma and still keeps on giving signals, each signal started to be weak and weaker and weaker until the last signal just doesnt work.

So we just have to use price action skills, to make this a really successful system, look for support/ resistances, higher highs, lower lows, key levels, patterns like copi8 showed us, the divergence of price is something the author never speaks about it, maybe he doesnt even know it exists.

Look for divergence of price and currencymeter and boom, you will find a safe pattern that works ALL THE TIME, I am sure that we will find more than 8 patterns that are fantastic and reliable and profitable.

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Oh Gemma, look at you. Very nice trade, if you dont mind take your image to explain something you did very well.

In your image, the entry starts with the cross, the cross is exactly at the 34sma and the Daily open line, with a nice angle, but you had to wait, the angle still is not a big and open like a scissor to get the best entry so a couple of candles later, the scissor appears, the green dot, a nice angle and the price flies, easy and soft.

So Gemma congratulations, you got a clean and clear entry with all the price action elements, keep like that, it does not matter if everything is perfect but you will find many patterns that repeat like this, very good.

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EURNZD Long +15

Entry above DS1, target 50 level using the sweetspotgold level.

Please look at your chart, look at the cross, it is exactly like Gemma, Opendaily line and 34sma together and the cross, so then just wait until price closes above DS1 and inmediatly starts to fly, target reached smoothly

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NZDUSD Short +15, it is exactly the same pattern of the previous one, entry below DS3, stoploss above DS3, target the 50 level, and there you have it, easy, smooth, no stress and fast.

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NZDJPY SHORT +15

Again the same pattern, look at the cross but a nice entry would be when price closes below the support, in this case the one we have is the sweetspotgold level of 71.50, target, next level at 71.00 but it was kind of far so I took only 15 pips, this is what we need to work.

No time now to add to this thread but want to say great job Blanca for starting this thread to expand on Robinho!

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EURCHF is starting right now, entry again above DS2, target will be 00 level, the 50/00 levels in the case of profit are like magnets, you can watch them all the time your trade going like a magnet there. Lets wait and see, meanwhile lets watch it, did not take it, I was busy with the others, look how in just one candle it might hit the take profit

Thank you Blanca!
Feel free to use my charts to explain whatever you want. I also want to comment that I waited the price closed above the 00 level.

gbpusd

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And Colombia is present here. Congratulations Juan.

Same pattern, again this time he is showing us a nice trendline that once it breaks, the price goes below the support and inmediately goes to the next level. Price action, again. Already like 4 signals in new york only.

Thanks for creating the thread, Blanca!
I have been following the original 00 level method to Robinho's latest method, but did not have much success.
In fact, my latest demo account is down 44% using Robinho's method.
There must be something that I did not do as well, which causes the drawdown.
Your thread will help me understand how all the successful traders can be so consistent in hitting their TPs...

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EURCHF just hit its target, to trade the exotic crosses you might need an ECN or a broker with very low spread, the lowest the better because this is scalping and we need that money for us.

Yes, the system has good basics but for it to work you need some basic tools of price action which in fact work in all the trading systems, look for levels, crossings, supports, higher highs, lower lows, trend, etc. You will see suddenly from losses you will start making winning trades, by yourself, in any currency, cross, and you will gain confidence in the system and in yourself.

eurusd

i use also the trend indicator

Nice job buddy. May you show us images so we can see your entries? thanks