Robinho Enhanced | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MT4 Enhanced chart cross-hairs with automatic chart-sync 83 replies

Autop Dynamic Grid EA - Enhanced version of Auto-Profit 3.0 772 replies

Enhanced Triple Screen Trading System 36 replies

Ahmed Maher: Z Transform enhanced (ZTe) 1 reply

Can Trading Performance Be Enhanced Through Meditation? 6 replies

Attachments: Robinho Enhanced
Exit Attachments

Robinho Enhanced

  • #441
  • Edited 9:08am Jul 8, 2016 8:53am | Edited 9:08am
Quoting guiyee
{quote} Yes. News! No one followed the first rule.. check the news first hahah Employment Change for CAD Unemployment Rate CAD Average Hourly Earnings m/m USD Non-Farm Employment Change USD Unemployment Rate USD I just wake up lol .. i should have checked yesterday.. so i wouldnt wake up

Good morning Guiyee,

Thanks and you are right, they are the news, you know a friend of us told me maybe would be good that when I return home I should organize with you all guys something to take live the trades, write down the pattern with examples, etc, maybe a chat or something because we have a lot of signals, would be nice to see everybody taking all of them, also practising other patterns, learning money management, trends, price action basics, the idea is to make your accounts grow consistently,going through the process of how I see the trades and show it to you, would you like to take the trades like sharks? tell me.
  • #442
  • Jul 8, 2016 9:15am Jul 8, 2016 9:15am
Quoting blanca
{quote} Good morning Guiyee, Thanks and you are right, they are the news, you know a friend of us told me maybe would be good that when I return home I should organize with you all guys something to take live the trades, write down the pattern with examples, etc, maybe a chat or something because we have a lot of signals, would be nice to see everybody taking all of them, also practising other patterns, learning money management, trends, price action basics, the idea is to make your accounts grow consistently, would you like to take the trades like...

Yeah!! We should definitely talk about all those subjects in this thread, make it pretty understandable for everyone.. with a solid strategy of money managment, psychology, taking live trades would be a great idea.
During NY session would be hard for me cuz i work, London i sleep, so Tokyo would be for me
  • #443
  • Edited 10:08am Jul 8, 2016 9:47am | Edited 10:08am
.

AUDCAD+30 long from DR2 to DR3, risk reward 1 to 1.5, if you can look at Cadjpy might be next signal.

USDCAD showing signal.
  • #444
  • Jul 8, 2016 10:16am Jul 8, 2016 10:16am
Trade triggered during the closing of London sessionbiased is up because the trend is north for TFs M15 to W1, imho sufficient to ignore the major news NFP) +21 pips
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdmicro-m15-trading-point-of.png Size: 69 KB
  • #445
  • Jul 8, 2016 10:37am Jul 8, 2016 10:37am
Quoting blanca
Good moring shari, I closed it around 00 level, EURAUD from 50 level to DS1, have you taken any trade today? hope you can take some there are so many.
Hey blanca. Yes I took trades today. 3 in total. all winners. I like to wait for the sure trades with decent lot size and just take 2or 3 trades and be done

https://gyazo.com/24042cf9699479c175c8ab858cc3f154 75 pips

https://gyazo.com/56da32a364b5ce18e4cf3afb73eafe42 45 pips

https://gyazo.com/7159cda8179d151f8f6f2a3c169dae4d 25 pips
  • #446
  • Jul 8, 2016 10:59am Jul 8, 2016 10:59am
.

AUDCHF Long +13 from DR2 to DR3.
USDCAD Long +10, entry at DR1 closed it for lack of volume.
  • #447
  • Jul 10, 2016 2:38am Jul 10, 2016 2:38am
Quoting alawy103
{quote} Dear copi88 can you explain me the red below 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 i

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 (this three is meaning do not trade chf and cad ?). No you can trade any currency against any other currency. The original method is limited to the 13 pairs above however if USD and JPY is neither strong or weak then you have no trades. So look for 1 vs 8 or 7 vs 2. Of any pair. You might not be able to scalp if your spread is high however.

- Best to trade the relevant currencies during times that correspond to their markets:
i. Toyko JPY, AUD and NZD(ie. can trade CADJPY,USDJPY,AUDJPY, ......, AUDUSD,NZDUSD ?) yes
ii. London GBP, EUR, CHF (ie. can trade GBPJPY,GBPUSD,EURJPY,EURUSD,USDCHF, CHFJPY ?) yes
iii. NY USD, CAD (can trade USDJPY,USDCHF,AUDUSD,GBPUSD, ......, USDCAD, ...... ?) yes. you can trade any pair any time but you get better moves when their respective markets are open.
- 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. (use 8x1 instead of 6x2 ?) Yes. But also the angle of the strength line is important. ie Strong currency is sloping upwards, weak downwards.
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.(besides of 8x1, must check them arrow?) Dont worry too much about the arrow. The indicator was changed and not they change too rapidly.
- 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.(if the size of previous candle or high to low is greater than ATR pip, do not trade ?) Yes avoid wide range bars. They tend to pull back on the close. eg is ATR is 20 pips and the previous candle is 60 pips dont trade.
- Avoid trades near to pivot points (S/R lines, pivots, natural S/ R areas like 100, 50s) (I changed the Sublevels setting on the SweetSpotsGoldindictor from 5 to 50 to neaten up the charts) (need to add this into ea ?) I dont use the EA
- 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 (we need which to enter ?) I dont know what you mean

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) (we need to check this ? ie. if open GJ, must to check GU ?) Dont worry too much about related pairs trending together. There are many indis that show how strongly pairs are related. However anytime you take a cross trade you must check the USD chart for that pair. eg you you want to Short GJ you should check the GU and UJ charts. You would know this if you knew how GJ was priced.
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,(Is this relate ATR ?) Yes
6. Check price action and S/R levels (same above, code into ea ?) Again I dont use it
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. (ie. we need to check this ? ie. if open GJ, must to check GU ?) Please read Babypips on how crosses are priced if you dont understand this. 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. (How to define the pullback ?) if price stops and starts going in the opposite direction.


Note: Please ignore the VBS and the Volume indicators in the attachment. I use them in conjunction with price action and they are not part of the original strategy.

From the process above

#1 -
NJ weakest vs strongest pair, arrows are green and red, (? ?)
Strength lines trending away from each other. (StrengthMeterSession.ex4 ?) Yes
Its during the Toyko session so ok to trade NJ. (to tade NJ, only in Toyko ?) NO
No news. (? ? ) Dont trade if news is about to come out
Look to go short
#2 -
Both indicators(which indicator ?) Price to Open and MCandles (previous and current) are Red, therefore confirms our Short bias -
#3
Below the daily open and M34
RmDn is green
Price Action- Previous candle is red, broken through and closed below the daily support line from a previous pull back from that support line,(? ? ?) Really?
http://www.forexfactory.com/attachme...1&d=1468082297
trending downwards, previous candle not a wide range bar (therefore ATR is ok)(must less than ATR ?)

All conditions are satisfied for a maximum probability trade. I entered the trade at the opening of the last candle (which is the last candle ?) You can enter anytime depending on how aggressive you are. You can see where the little triangle is on the chart that was where and when I took my trade. Trade was a winner with max 23 pips on offer.​
Boxing clever since 76.
  • #448
  • Jul 10, 2016 11:42am Jul 10, 2016 11:42am
Copi88 I always like your post
  • #449
  • Jul 10, 2016 6:21pm Jul 10, 2016 6:21pm
Hello everyone. Tokyo is coming. No news apparently
  • #450
  • Jul 10, 2016 6:47pm Jul 10, 2016 6:47pm
.

Hi,
Nice to see you
  • #451
  • Jul 10, 2016 7:03pm Jul 10, 2016 7:03pm
Quoting blanca
. Hi, Nice to see you
Same Blanca

AUDUSD and AUDCAD look nice i think, dont they? Not yet.. but they might soon.
  • #452
  • Jul 10, 2016 7:20pm Jul 10, 2016 7:20pm
I was testing the cross on CHFJPY. I took +7
  • #453
  • Jul 10, 2016 7:22pm Jul 10, 2016 7:22pm
.

There is a signal in USDJPY Long but it is too near to DP, so did not take it, let me check the others guiyee
  • #454
  • Jul 10, 2016 7:26pm Jul 10, 2016 7:26pm
Check short AUDCAD AUDSD ..

Took +5 on NZDUSD testing the same.. cross of strength meter.
  • #455
  • Jul 10, 2016 7:29pm Jul 10, 2016 7:29pm
.
Yes in AUDUSD there is definitely a signal, but you know I see it like against the trend so unless the 50 levels breaks and confirms wont be so good to take it.
  • #456
  • Jul 10, 2016 7:32pm Jul 10, 2016 7:32pm
Quoting blanca
. Yes in AUDUSD there is definitely a signal, but you know I see it like against the trend so unless the 50 levels breaks and confirms wont be so good to take it.
Yeah i haven't took it yet. Still waiting that 50 level too.
  • #457
  • Jul 10, 2016 7:34pm Jul 10, 2016 7:34pm
.

The NZDUSD if you see closely there is no space it goes against the trend too. Have not seen anything like great so far, lets wait and see.
  • #458
  • Jul 10, 2016 7:36pm Jul 10, 2016 7:36pm
Quoting blanca
. The NZDUSD if you see closely there is no space it goes against the trend too. Have not seen anything like great so far, lets wait and see.
Yes, the market doesn't seem too strong so far.

I know there wasn't any space, I just thought to try on first cross of the indicator and see what happens for a few pips. Gonna do that every Tokyo session.
  • #459
  • Jul 10, 2016 7:37pm Jul 10, 2016 7:37pm
.

I was waiting in the open of Tokio for the easy cross trade but did not happen, still lets see if we can make some trades.
  • #460
  • Edited 8:03pm Jul 10, 2016 7:49pm | Edited 8:03pm
I buy CADJPY -12
Stopp loss was DP
Attached Image (click to enlarge)
Click to Enlarge Name: 1107.png Size: 89 KB
If it's important to you, you'll find a way. If not, you'll find an excuse
12 traders viewing now