. Juanito I am not sure nzdjpy is a trade, if you look at nzdusd the DP is blocking the price.
- #161
- Jun 29, 2016 9:07pm Jun 29, 2016 9:07pm
- Joined Aug 2012 | Status: Trader | 1,275 Posts
- #162
- Jun 29, 2016 9:11pm Jun 29, 2016 9:11pm
- Joined May 2006 | Status: Professional trader, owner of MTC | 1,521 Posts
{quote} we love you Blanca
- #163
- Jun 29, 2016 9:56pm Jun 29, 2016 9:56pm
- Joined May 2006 | Status: Professional trader, owner of MTC | 1,521 Posts
- #166
- Jun 30, 2016 12:48am Jun 30, 2016 12:48am
Hi everyone. Nice to see the Robinho power system being further developed. After all, every trader has his/her own style and tends to adapt any system to their needs. I've got an idea I would like to share. I haven't tested it yet, it just popped up as I was reading through this thread. Back in the original thread, I remember someone saying that when currency curves cross on the Strength Meter Session indi, it could indicate a strong movement. So I thought: why not pair this observation with sharingan9's approach (wait for a retracement before entering...
Great observation. I wrote about this before on the other thread.
SETUP 3 - A divergence between price and strength meter
This is a very powerful setup it find. In fact I think its better than the original system.
From my observations its best when the following conditions are filled:
- There has been a +2 point gap between the two pairs on the strength meter for sometime
- If the cross happens at the same time as the currency pair breaks an area of S/R or the 34MA. You can ignore the MCandles and Price to Open indicators however its the rule to take longs above 34MA and shorts below is best followed.
- Better is the strength cross happens in the middle rather than both pairs at the top or bottom (although these do work out too)
I place my entry above the candle when the two strength meters touch for safety as the currency meters often touch and then retrace. I haven't used your Fibo technique which looks like it can get an earlier entry but perhaps more risky.
Scalp against the longer term trend and go for longer targets if you are with it.
What would be great is if we had an EA / Indicator to give a warning that one of the EUR,GBP,CHF,CAD, AU, NZ are touching either the JPY or USD.
I often miss the opportunities.
Some examples
1 - Price is trending in the opposite direction of the strength meters
2 - GBP (Blue) is stronger than JPY (Yellow) yet price is going down. It should be going up.
3- At the cross over of the strength meters the price takes off and that is your entry point. i.e Once JPY starts to strengthening against all its other pairs your can expect this pair to really take off. Later on you can see this reversing. With the price starting to trend upwards but JPY is the stronger currency. Pair takes off again when the strength line cross and the price closes above the 34 moving average line.
In the graph above - price touches, I place my order on the green line. Price and strength retraces a bit then push through. I wouldnt leave the order for more than 2 bars
Boxing clever since 76.
- #173
- Jun 30, 2016 2:37am Jun 30, 2016 2:37am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
looking at AUD/JPY at the meter and is at DP now, london open
I am wondering, if I could collect all these pips so quick, my broker would hate me! 
Looking for profitable short term trades ...|
- #178
- Edited 3:16am Jun 30, 2016 3:01am | Edited 3:16am
{quote} That was way too fast, I was out of my computer and lost these trades
- #180
- Jun 30, 2016 3:12am Jun 30, 2016 3:12am
Is correct the trade on GBPUSD ? Price above is open daily , round number over green indicators . Stop just below round number and target 1.3500 {image}
I took this trade too
Boxing clever since 76.