Robinho Enhanced

use the way you like where you are confortable

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GBPJPY Short Target 50 level

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GBPJPY +14 Target hit, this was a divergence, tomorrow will post examples of it too.

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Hope someone took CADJPY Short

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USDCAD +24

I can not wait til tomorrow!

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EURUSD Short, took late entry but lets see, sometimes when market is fast a smaller timeframe is helpful to finetune.

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EURUSD +10

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Tomorrow you will see the instructions of the system but would like to explain you how this system was formed with the help of everybody in the forum, its basics and why it works.

This system is a breakout system, this is a very powerful pattern it works when the market is trending and does not give any signal when market is not trending. The breakout pattern works under all market conditions, weve seen market trending steady, trending with volatility, sideway and sideway with volatility.

The reason why this pattern works in all different markets is because is a momentum based pattern, that explodes after a consolidation period.

Imagine the market is forming a consolidation triangle during a while during sideways market, the price is contained and waiting to explode one side or the other and rally.

This makes of breakout of high probability profit ratio, so then we added something called money management, this means to take the most of pips by risking the less of pips. We managed to get a risk reward of 1 to 2 and sometimes 1 to 3, and in the worst scenario a 1 to 1.

Unlike many other systems that works only in 1 market condition, this system works in all market conditions including difficult market conditions. So then we added money management makes of it a powerful tool.

Would be good to get an exact same entry and exit to make this a complete system, we were working on it, but still is very good.
It is a short term strategy, this means you get your profits fast with a low risk. This is could be any traders dream.

EurUSD +12

USDCAD +13

Awesome, you two trades, very good nighty

thanks blanca. I missed the cad jpy short

Looking forward to it Blanca. Thank you.

Love the thread. If there's a way to keep it going please do. If you start a new one or a Skype group please include me.
Thanks for all you have already done!

Bob

Hi,

I would like to thank everybody for sharing here and your effort in designing a system that belongs to all of you. All the effort, time and energy you had in this thread is what could make of this a profitable system, it was so so fun to open this thread and enjoyed every trade. Trading is a lonely activity so be with all of you sharing and helping each other was really good for me.

The purpose was fulfilled, my idea was to show you all how its not a system that makes profitable a trader, but its the trader that can turn a bad or medium system into a profitable one. Its you with your ideas that can make of any system a good system if you are a good trader you can take a basic pattern and make a profitable system out of it. I opened the thread and the guys arrived so quickly and so brilliant ideas that was really like a rain of ideas, suddenly the system started taking shape. Remember this is just one pattern but you guys found many others that we could not explore, but you found them and someday someone will explore them deeply.


So let me explain you how I started watching this pattern:

Once you read the basic instructions of the original system (Post 67) Copi posted them, and you follow it, turns out there are many crosses in many places, some turned good and some turned bad.

So the first thing is to spot the good ones and see what was happening at that moment around that trade that was sucessful.


In the image below guiyee designed you will find the pattern:

First we need a breakout, the reason is simple, because its powerful, but not just a breakout in just any place. For this breakout we need space, the more the better, and by space I mean that the levels are separate, but also, that no previous candles could obstaculize the way of the trade, no recent resistances or supports, you can find them like doubl tops, doubl bottoms or any congestion of candles, previous to the breakout.

I also noticed that if the breakout happens near a support/resistance those could be pivots or 00/50 levels, usually the trade goes all the way along to the next level, just like a magnet , that let us find an entry point.

This entry point I usually take is be when the candle is already closed below the key level , that is a confirmation of the trade, I usually go to a 5 min timerame to get it, and the stoploss like 5 pips above the key level.

Copi found 3 entries:

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

 

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

This solves two problems, a safe entry and a tight stoploss is like a cheap ticket, so if your trade goes bad at least you did not risk too much. Copi is a master of hiding his stoplosses, he mentioned several times, never put your stoploss at a 00 level or a pivot, the reason is simple, the brokers already know where we traders place the stoploss and market makers love to make spikes around those levels to take our stop, so try to hide it a Little.


The way you can find the pattern is by chasing the crosses, an early cross let you think what would happen, also before the session look for currencies with space, leave the rest away so you can focus on them only. In the image you can see the cross looks like a scissor, the more open the better, that means it has volatility.

One example of a high volatility cross is the one that appears very often at the open of Asia, that is an easy one to take.


Ok, so now you are in the trade, you found your cross, your breakout and confirmed above/below support, the next step is to find a target, the target is the next key level, could be the nearest or the strongest, once your Price arrives to the target it does not mean you have to close it, at this point you need to keep your eyes open because the Price can only do one of two things.

The Price could break, so you keep on the trade, or the Price could bounce in that case you close it. A good way I found to keep alive the trade is with a 7sma if the Price does not close above/below, then the trade could keep alive. A good way to know that you are doing right is that lower highs appear in a buy and higher lows appear in a sell.



FOR CROSS TRADES :

Dont take long crosses below the 34MA and Short Crosses above
Copi showed us a way to avoid fake crosses (where the lines touch and then retrace) place your entry 5 pips (plus spread) above / below the candle. Leave the order for two to three bars max.
Often what happens is you have a candle breaking through a S/R line or the 34MA and the currencies strenghts cross, then price retraces to the S/R line either holds and then continues onwards activating your trade. If you are more risky trader you can enter on the confirmation of the S/R level holding.


I just only add that the pattern Works fine during volatility, fake crosses happen during low volatility but are easily avoided with those instructions.


So the last thing, try to cherrypick trades with the highest reward, this means the target is at least 1 to 2, or 1 to 3, if the day is slow then well a 1 to 1 could be aceptable but the key to make your account grow is a good money management. Even if your system sucks, with a good money management, your account will grow always.

I will keep on adding in the next posts some examples and more ideas, so this will continue...........

Thank you very much blanca .I appreciate your kind help

blanca thank you for your support.

​Very valuable informations Blanca, thanks a lot! It will be nice to see more examples.

Thank you so much Blanca!!..