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Robinho system power 1x8

  • #2,641
  • May 11, 2017 1:46am May 11, 2017 1:46am
Quoting followthroug
{quote} have you tried the 1m chart USD/JPY entry 3:01 was good to give 10 pips, entry at the open of the candle, close at 3:13
Not yet, I'm looking PA on 5M.

SP
  • #2,642
  • Edited May 12, 2017 4:06am May 11, 2017 4:24am | Edited May 12, 2017 4:06am
London:
Buy GBP/AUD -20, tried to catch a retrace on price action.
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Buy EUR/JPY +6
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Buy GBP/USD -20, trading against resistance level is not a good idea.
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26 entires are done trough 4 days.
14 positive,
12 negative.
Not so good, too many stupid trades.

SP
  • #2,643
  • Edited 5:36pm May 11, 2017 3:18pm | Edited 5:36pm
Pending entries 12-05-2017

eurusd buy stop 1.0905
eurjpy sell stop 123.25
euraud sell stop 1.4690
eurcad sell stop 1.4835
gbpusd sell stop 128.45
gbpjpy sell stop 1.4610
gbpaud sell stop 1.7430
gbpcad sell stop 1.7610
audusd buy stop 0.7385
audjpy buy stop 84.30 (sell stop 83.50)
usdjpy sell stop 113.45
usdcad sell stop 136.50
cadjpy sell stop 82.55 (buy stop 83.70)
  • #2,644
  • May 11, 2017 9:29pm May 11, 2017 9:29pm
Quoting SuperPip
London: Buy GBP/AUD -20, missed try to catch retrace by price action. {image} Buy EUR/JPY +6 {image} Buy GBP/USD -20, trading against resistance level is not a good idea. {image} 26 entires are done trough 4 days. 14 positive, 12 negative. Not so good, too many stupid trades. SP
How about 2-3 pips profit only with a bit of martingale
  • #2,645
  • May 12, 2017 1:49am May 12, 2017 1:49am
Tokyo:
11 minutes after opening - Buy USD/JPY +6
Lucky try..
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16 minutes after opening - Buy EUR/JPY +6
The Lucky Bastard again.
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It was risky to take weakest currency again. Trades are between the vertical lines.
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Same happend also once in London open (Post #2639 https://www.forexfactory.com/showthr...07#post9849307). JPY was the weakest, I was happy to take the trades. Strength changed the direction and trades stopped out.

SP
  • #2,646
  • Edited 12:37pm May 12, 2017 2:03am | Edited 12:37pm
Quoting followthroug
{quote} How about 2-3 pips profit only with a bit of martingale
Hi followtrough!

Thank you for the comment. Martingale is a component what makes coctail exploding sooner or later.
For using Martingale, I need to reduce lot size and it causes to make much more entries.
It is better to learn trade without it.

When I'm trading the strategy here, it is always ticking in my head:
"Forex trading is about taking small wins and losses, but profit comes from huge moves."
Cutting the move with short TP, cuts also potential to take the profits.

Still continuing to practice the Strategy, results of Robinho are inspiring me.
SP
  • #2,647
  • Edited 8:25am May 12, 2017 4:04am | Edited 8:25am
London:

9 minutes after opening: Sell GBP/USD +6
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11 minutes after opening: Buy EUR/AUD +6
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Dynamics of currency strength, trades are between the red lines.
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Today was a first loss free day.
First week: 30 trades, 18 wins, 12 losses. Win rate 60%. Profit starts from 75%.
Main goal is to have rate 90%. 9 wins for 1 loss.
Results so far:
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Next week is coming with less stupid trades.
Have you nice weekend!

SP
  • #2,648
  • May 15, 2017 2:54am May 15, 2017 2:54am
Tokyo:
11 minutes after open Buy EUR/JPY +6
Attached Image

SP
  • #2,649
  • Edited 6:30am May 15, 2017 4:42am | Edited 6:30am
London:
4 minutes after opening Buy GBP/USD +7
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6 minutes after opening Buy EUR/USD +6
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The second clean day.

SP
  • #2,650
  • Edited 8:53am May 16, 2017 6:43am | Edited 8:53am
Tokyo:

Both trades was closed before TP, because I found my self in position
Buy AUD/JPY with double sized position (and risk).
5 minutes after open Sell GBP/AUD +1
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12 minutes after open Buy GBP/JPY +2
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SP
  • #2,651
  • Edited 7:04am May 16, 2017 6:52am | Edited 7:04am
LONDON:
24 minutes after opening Buy EUR/JPY +7
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24 minutes after opening Buy EUR/USD +6
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Third day clean.
SP
  • #2,652
  • May 16, 2017 6:20pm May 16, 2017 6:20pm
45 minutes after Sydney session, USDJPY +7.2 pips
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 86 KB
https://bit.ly/3Iel8hJ
  • #2,653
  • May 17, 2017 3:17am May 17, 2017 3:17am
Tokyo:
3x BE
4 minutes after opening Buy EUR/AUD BE 1,2 pips missing
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6 minutes after opening Sell USD/JPY BE 1 pip missing
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10 minutes after opening Sell EUR/JPY BE 1 pip missing
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SP
  • #2,654
  • Edited 8:31am May 17, 2017 7:42am | Edited 8:31am
London:
18 minutes after opening Sell EUR/USD +7
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36 minutes after opening Sell GBP/JPY +6
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31 minutes after opening Buy EUR/AUD -3 closed manually, because strength of EUR got lower
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48 minutes after opening accidential Sell EUR/AUD +2, closed manually.

SP
  • #2,655
  • May 17, 2017 8:33am May 17, 2017 8:33am
Quoting jaisis21
45 minutes after Sydney session, USDJPY +7.2 pips{image}
Hi!

Where is your trade on the graph?

SP
  • #2,656
  • May 18, 2017 2:08pm May 18, 2017 2:08pm
Tokyo:

16 and 20 minutes after open Buy USD/JPY BE
Missed 2.5 and 0.6 pips
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16 minutes after opening Buy EUR/JPY +6
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Bad entry, 21 minutes after opening Buy GBP/JPY -20. JPY got stronger, TP missed 2.2 pips. Trade without BE cost me SL.
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SP
  • #2,657
  • May 18, 2017 2:30pm May 18, 2017 2:30pm
London:
Stupid trade 7 minutes after opening. Sell GBP/AUD -20.
Price action promised good move. TP missed by 3.2 pips.
Lack of patience.
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43 and 46 minutes after opening Sell EUR/JPY BE and +6
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47 minutes after opening Sell GBP/JPY BE, TP missed with 0.7 pips.
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SP
  • #2,658
  • May 19, 2017 1:53am May 19, 2017 1:53am
Tokyo:
17 minutes after opening: Buy GBP/AUD BE manually.
Market was quiet and ranging in all pairs. The entry was not trustful.
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SP
  • #2,659
  • May 19, 2017 2:28am May 19, 2017 2:28am
London:
6 minutes after open: Buy EUR/USD +6
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SP
  • #2,660
  • Edited 4:19am May 19, 2017 2:44am | Edited 4:19am
Week is done.
In this time I had many BE trades. First rule in FX trading is do not lose the money.
I got 2 SL-s, one because the emotional trade without BE on 18.05.
Wrong choise was to close manually two trades on 16.05 instead BE. There was possible to win them.
If I take it together, BE is mandatory with trade manager and TS. Platform BE makes little minus because of comission of closing the trade.
To have 90% win percentage (comparing only losses and wins, not counting BE trades) is possible.
I need to get more trades. Business plan needs at least two wins per session.
The trading platform has only 15 instruments: AU, EA, EU, ECAD, ECHF, EG, EJ, EU, GA, GJ, GU, NU, UCAD, UCHF, UJ.
In Tokyo I'm watching: AU, EA, GA, UJ, EJ, GJ.
In London: EU, EJ, EA, GU, GJ, GA.
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Have you nice weekend!

SP
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