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Robinho Enhanced

  • #661
  • Jul 14, 2016 11:12am Jul 14, 2016 11:12am
Quoting guiyee
Waiting for a downard break on USDJPY AUDJPY EURJPY to target key levels.. Maybe it keeps going down, maybe it doesnt.. we will see.. Altho its lunch time in NY
ok nice, let's see
If it's important to you, you'll find a way. If not, you'll find an excuse
  • #662
  • Jul 14, 2016 11:13am Jul 14, 2016 11:13am
Quoting Gemmafx
Blanca I think I see some trades there, the recent short you mentioned is when the price crosses EMA34 and there is a bounce in strength meter? {image}
Yes exactly, those are the trades, look they have all the elements of cross, breakout of key level, space, target and they look clean, sometimes we have the cross but we miss space, or no key level near, also look for the best set ups of strong and weak currency, look for all the elements and also look for price action, no obstacles near, etc
  • #663
  • Jul 14, 2016 11:19am Jul 14, 2016 11:19am
.
USDCAD Short triggering now sl above 0.2900
  • #664
  • Jul 14, 2016 11:24am Jul 14, 2016 11:24am
Quoting blanca
. USDCAD Short triggering now sl above 0.2900
How many pips above 1.29 for SL?
  • #665
  • Jul 14, 2016 11:24am Jul 14, 2016 11:24am
.

Gemma, let me explain you the reasons to take this trade. First here there is no cross, but there is divergence, it is easier to see the trades with cross and later you will be able to see the divergence.
So divergence is the first thing
Downtrend, all the signals below 34sma, daily open line, indicators red, etc
Breakout of 00 level with confirmation price closed below, you can go to smaller timeframes to check it, a 5min can work in case the 15min candle is long, otherwise the 15min is fine.
Space.- Plenty of space in this trade

Guiyee once said, trades are like going inside of the universe there should be space and that let the trade run safely and many times are big.

Now, when the trade is developing, you have to use price action experience too, this means lower lows have to appear, and as it develops you can trail your stoploss so in case of a change of direction you always get pips, once you reach your target this does not mean you have to close, it means your eyes should be open, very open, wide open, at this point you must take the decision to close or exit, it depends if price breaks or bounces.

Lets see how this trades goes, I am showing it to you in advance so you can see all the process.
  • #666
  • Jul 14, 2016 11:32am Jul 14, 2016 11:32am
Quoting blanca
. Gemma, let me explain you the reasons to take this trade. First here there is no cross, but there is divergence, it is easier to see the trades with cross and later you will be able to see the divergence. So divergence is the first thing Downtrend, all the signals below 34sma, daily open line, indicators red, etc Breakout of 00 level with confirmation price closed below, you can go to smaller timeframes to check it, a 5min can work in case the 15min candle is long, otherwise the 15min is fine. Space.- Plenty of space in this trade Guiyee once...
Yes I don't see the divergence, but I take the trade, where should be the target?
If it's important to you, you'll find a way. If not, you'll find an excuse
  • #667
  • Jul 14, 2016 11:34am Jul 14, 2016 11:34am
Quoting blanca
. USDCAD Short triggering now sl above 0.2900


I also entered . Blanca target is at 1.28500 and DS2 correct ? Put the position in BE after a while ?
  • #668
  • Edited 11:52am Jul 14, 2016 11:36am | Edited 11:52am
Quoting blanca
. USDCAD Short triggering now sl above 0.2900
Yes.. USDCAD is the best example so far here.. See how that candle is just hanging alone there in space? Well thats the best setup.

Dont worry about trading ranging markets when there are signals.. All you have to do, is wait, have patience.. you know that EVERYDAY there will be setups like this.

USDCAD +18 .. this was a 1:1.5 Risk/reward for me.. I closed it there cuz of previous support in 1H.. I am pretty conservative sometimes.. Blanca has more guts to let them run further.. Thats what i am trying to learn from her haha.. apart from what i have learned so far
I waited big candle for small retrace (i use 1 min).. SL above 00 level.
  • #669
  • Jul 14, 2016 11:38am Jul 14, 2016 11:38am
Quoting nightfox84
{quote} I also entered . Blanca target is at 1.28500 and DS2 correct ? Put the position in BE after a while ?

Ok at this point the trade is developing and we can trail the stoploss, the high of current candle is fine because if it reverses we still get 10/12 pips, and that lets the trade breath, look how we started to get lower lows, now lets keep watching it and see if it goes to our first target at 50 and DS2, and remember here OPEN EYES. very OPEN EYES please.
  • #670
  • Jul 14, 2016 11:44am Jul 14, 2016 11:44am
Wow, that was so great Blanca! I got +16 I closed my position when price bounced at 1,2875 suport, maybe I should have waited a bit more, but I get nervous... and now price is going down, but I'm happy with that, thanks a lot Blanca!! Could you explain a bit about this divergence?
If it's important to you, you'll find a way. If not, you'll find an excuse
  • #671
  • Jul 14, 2016 11:47am Jul 14, 2016 11:47am
Quoting blanca
{quote} Ok at this point the trade is developing and we can trail the stoploss, the high of current candle is fine because if it reverses we still get 10/12 pips, and that lets the trade breath, look how we started to get lower lows, now lets keep watching it and see if it goes to our first target at 50 and DS2, and remember here OPEN EYES. very OPEN EYES please.
Thanks Blanca!!!
  • #672
  • Jul 14, 2016 11:47am Jul 14, 2016 11:47am
.

Very good gemma, you did great, I wanted you guys to see the process of how to take a trade and why, at this point you can trail again your sl, use a 5min candle that way we can keep between 15/20 pips.

EURCAD gave the same signal, hit its take profit and breaking it so maybe this one might follow it, Ok we are going to our target soon, get ready and OPEN YOUR EYES HERE.
  • #673
  • Jul 14, 2016 11:48am Jul 14, 2016 11:48am
Blanca another trade could be EUR CAD?

After closing the candle below DS1?
  • #674
  • Jul 14, 2016 11:49am Jul 14, 2016 11:49am
Quoting blanca
. Very good gemma, you did great, I wanted to see the process of how to take a trade and why, at this point you can trail again your sl, use a 5min candle that way we can keep between 15/20 pips.
Ok, I understand
If it's important to you, you'll find a way. If not, you'll find an excuse
  • #675
  • Jul 14, 2016 11:50am Jul 14, 2016 11:50am
EURUSD is crossing upward closure over 34sma ...
  • #676
  • Jul 14, 2016 11:55am Jul 14, 2016 11:55am
Quoting nightfox84
EURUSD is crossing upward closure over 34sma ...
There is nothing there in EURUSD Nightfox.. unless this candle breaks 1.11250 (which is DR1 for me)

EURCAD made the move already.. hit 00 level which was the target... watch if it breaks that level too
  • #677
  • Jul 14, 2016 11:56am Jul 14, 2016 11:56am
Quoting nightfox84
Blanca another trade could be EUR CAD? After closing the candle below DS1?
Yes nighty the EURCAD gave the same signal at the same time and looks it wants to go to DS2 it might end there, and the sl has to be above key levels like DS1, you know brokers know where we like to put our stoploss so 5 pips above that level is fine, I sometimes use 2 pips to hide the stoploss, you know the magician to hide the stoploss is Copi88 he is great with that.
Ok i am exiting here, the 1min candle is showing me to exit so +24.

Now lets analize the trade, the stoploss was 10 pips, the profit 24, a 1 to 1.4 risk reward, I was looking for a 1 to 3 but ok
  • #678
  • Jul 14, 2016 11:57am Jul 14, 2016 11:57am
Quoting guiyee
{quote} There is nothing there in EURUSD Nightfox.. unless this candle breaks 1.11250 (which is DR1 for me) EURCAD made the move already.. hit 00 level which was the target... watch if it breaks that level too
Ok, i understand.
I thought enough just to close above the 34sma
  • #679
  • Jul 14, 2016 11:58am Jul 14, 2016 11:58am
Quoting nightfox84
EURUSD is crossing upward closure over 34sma ...
Sorry the delay, was closing the trade. I trade this live with real money so have to focus a lot, about euro there is nothing there yet
  • #680
  • Jul 14, 2016 12:04pm Jul 14, 2016 12:04pm
Blanca please could you tell us what kind of divergence did you see in USDCAD entry?
If it's important to you, you'll find a way. If not, you'll find an excuse
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