Robinho Enhanced

Setup - Pullbacks
Look out for a Strong vs Weak pairs which retrace to an area of S/R especially where there is a confluence of S/R.
See pic below. GBP has been stronger all session and pulls back to a to an area of support of three lines - upwards trending support line, the DP and the 34M. This makes a powerful support area and the currency is likely to either bounce (scalp) or continue upwards. I would scalp if going agaisnt the longer term trends and go for longer target if you are with the longer trend. In this case you would look for a short scalp close to the previous high. Dont take scalp trades that dont have much space to move up or have a high negative R/R


You have three entries. The following in order of risk high to low

1. On the area of confluence - 1.3271
2. On the close of the red candle that closes above the area
3. Above the red candle that closes above the area.

Hi, the picture link error.

The indicators all in the original Robinho 1x8 thread post #1

Hey sorry here it is https://gyazo.com/346d38be5b8ae5add7eaf7661768e72d​

Here I took AU also 38.2 close below https://gyazo.com/30e6ba2f043f1a94014793776e775b99
I'm in NJ now with DR1. Looking for 50 target hit

Nice NJ, should get 30 pips at least, strong currency strength,
currently on retracement but looking at the volume, the price will bounce up.

Good luck

I am watching that too.
I also like to look at volume as an indicator. Very powerful combined with VSA.

Here is the stratergy for the original Robinho system


Guidelines for high probability Trades
Follow these GUIDELINES for high probability trades. These are guidelines and therefore not hard and fast rules. You can trade outside of them however you will face a lower probability of a successful trade. Price action is always key and something that is learnt through chart time and practice.

1. Times

- Best times to trade are 5 to 10 min after the opening of Tokyo, London and NY markets and then for the following 1 to 2 hours. (Note that lately momentum is coming in 30 to 45min after Sydney opening)

- The wait is to see if the market confirms the current currency strengths.

- Possible to trade outside of these times however probability, volatility and momentum decreases.

- Dont trade 30min before News

2. Pairs

- 13 Pairs (EU, GU, AU, CHFU, NU, UCAD, UJ, EJ, GJ, AJ, NJ, CADJ, CHFJ)

- Best when the following currencies are paired on the CM Strength Meter:

i. GBP & EUR

ii. USD& JPY

iii. AUD & NZD

- Best to trade the relevant currencies during times that correspond to their markets:

i. Toyko JPY, AUD and NZD

ii. London GBP, EUR, CHF

iii. NY USD, CAD

- Some pairs are essentially duplicates (e.g. EJ and CHFJ will behave very similarly) so be careful opening multiple trades at the same time as you will be risking 4% instead of 2% of your account.

3. Indicators

- CM Strength

i. Trade pairs strongest vs weakest of the 13 trading pairs during their market hours. The greater the difference the higher the probability. e.g. 8x1 is better than 6x2.

ii. Lines should be trending away from each other i.e. The strong currency trending upwards and the weak downwards.

iii. Arrows are pointing in the correct directions i.e. Strong currency is pointing up and weak down.

- RmUP / RmDwn Dont buy if RmUp is Red and dont short if RmDwn is Red

- Last MCandles and Price to Open must both be all Red for short or All Green for long.

4. Price Action

- Previous candle should be Red / Green for Short / Long respectively.

- Check ATR for average candle size , if candle is far bigger than average there is the potential for a pullback i.e. avoid trading on wide range bars.

- Avoid trades near to pivot points (S/R lines, pivots, natural S/ R areas like 100, 50s) (I changed the Sublevels setting on the SweetSpotsGold indictor from 5 to 50 to neaten up the charts)

- Short only if price is below the daily open and visa versa (however this is already covered by the Price to Open Indi)

- Best to trade long above the 34ma and short below (not an original rule but good to follow)

5. Entry

- When the above conditions are fulfilled you can either:

i. wait for the close of the current candle to enter for additional confirmation

ii. enter on the current candle

iii. place a buy / sell order at the 50/100 levels

I would suggest the following process when entering a trade:

 

1. Note news releases and times for the day.
2. Look at the Strength Meter and find strongest vs weakest pairs, also note if the currency pairs are in sync or out and if they correspond to their markets trading times. Related pairs are also trending together (U and J, E and G, A and N)
3. If all good then go to the chart with the strongest vs weakest of our trading pairs
4. Check the Indicator conditions are fulfilled
5. Check previous candle size, colour,
6. Check price action and S/R levels
7. Pull the trigger
8. Profit

Remember to be patient and wait for the best setups. You should have 2 to 3 each session.

Last note: It is also good the check what the main/primary currency pair is doing for the currency you wish to trade. E.g You are looking to short GJ, have a look at the GU chart. If GU is coming down to a major S/R level and USD is strong or average on the strength meter you can expect a bounce off the S/R. The probability that GJ will also experience a pullback is high.

From the process above

#1 -

 

1. NJ weakest vs strongest pair, arrows are green and red,
2. Strength lines trending away from each other.
3. Its during the Toyko session so ok to trade NJ.
4. No news.
5. Look to go short

#2 -

1. Both indicators (previous and current) are Red, therefore confirms our Short bias

#3

1. Below the daily open and M34
2. RmDn is green
3. Price Action- Previous candle is red, broken through and closed below the daily support line from a previous pull back from that support line, trending downwards, previous candle not a wide range bar (therefore ATR is ok)

All conditions are satisfied for a maximum probability trade. I entered the trade at the opening of the last candle. Trade was a winner with max 23 pips on offer.

Really thanks for your explanations .... could you share your tpl very simple and clear?
Best regards

sure, added to my post above. slightly different from the pic.
I dont like using that EA

nzdjpy

eurjpy only 5



look the atr was 22 i could make it 22 pips so more focus

Example of Blanca's method using the PIVOT, DR, DS .
Break the lines, strong currency check, then fly off (at least 20-30 pips)

NJ DR1 close over long -20 pips https://gyazo.com/d3039a4dde1c68596530c04b7c13ee90​

NJ Pullback to 38.2/50 zones 25 pips https://gyazo.com/14d1cf08ee2fd44b6c228faa799b69a5

Just a suggestion: at forex signals . com it is possible to create a private trading chat room. Would be interesting to share some Robinho ideas live.

excellent initiative !!!!

For breakout trades like the NJ I would rather put the entry above the breakout candle to confirm the breakout.

bpran - Where did you put your enteries for those breakout trades?

Good morning to all, it is great you all guys discovering such good patterns, Bpran sorry for the delay is that I was sleeping, lol. But to go short when the DSI and the Open daily line as you say is riskier, try to get a pattern which is near to the daily open line, the 34sma and the key level, usually they are strong.

.

The explanation Copi gave is excellent and complete, thanks a lot, and it is indeed very important to have space, then the entry runs smooth and usually fast, the price action guide I use is this:

1.-Try to look for the price to be near the 3 things: Support/resistance, 34sma and Open daily line, or at least that is not so far.

2.- Both indicators (current and previous in the same color with their dots) that confirms the signal.
3.- Price close above/below the support/resistance to confirm the entry.
4.- Target would be next key level, if the pivot is too far then use 50/100 levels, this would be the one I find easier.

I will be doing this until everybody knows how to get it too. with some practice everybody will be able to do it.

thanks blanca

Which indicators are you referring to in point 2?
Assume its the MCandles and Price to Open

Hi Copi,

Good morning, yes the indicators are M Candles and Price to open, also in the image you posted we can clearly see this Scissor pattern, and the nice space to let the trade run.