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Robinho system power 1x8

  • #2,661
  • May 23, 2017 5:07am May 23, 2017 5:07am
Tokyo:
25 minutes after open Buy EUR/AUD +1 closed manually.
I did not feel confident in market behaviour and Strengthmeter shape.
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London:
14 minutes after open Buy EUR/JPY +10 TP.
Lucky entry, SL missed by 1 pip.
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SP
  • #2,662
  • May 24, 2017 3:11am May 24, 2017 3:11am
Todays London:
20 minutes after opening: Buy GBP/JPY +7 TP
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22 minutes after opening: Sell EUR/GBP manual close at BE
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It is not good idea to trade such pair under this strategy.
EG is almost ranging and currency strength is moving in parallel.
Unfortunately I discovered it after entry and moved out on BE.

SP
  • #2,663
  • May 24, 2017 1:34pm May 24, 2017 1:34pm
Quoting SuperPip
It is not good idea to trade such pair under this strategy.
Hello SuperPip and thank you for all the posts, i have a question concerning this sentence, i traded EURGBP before noticed a small spread but i didn't follow up much since i didn't know how far the move would go.

You are trading lots of pairs in different times, are you confident that the pairs will give a move that will hit the target? shouldn't we stick to 3 or 4 pairs for example, those with the tightest spread and not trade the ones with more than a pip spread

GBPJPY has a spread that can range from a few pips to 2 pips on any broker, while on the other hand the move can be crazy or as little as 3 pips.
  • #2,664
  • Edited 3:22am May 25, 2017 2:59am | Edited 3:22am
Quoting followthroug
{quote} You are trading lots of pairs in different times, are you confident that the pairs will give a move that will hit the target?
Hi followthroug!

Thank you for your writing. I feel myself quite alone here.
I agree with you regarding high spread of GBPJPY. My broker has it between 1,0-1,5 pips.
I'm not working on many pairs. I have 6 of them on my screen, London: EU, GU, EA, GA, EJ, GJ; Tokyo AU, UJ, EA, EJ, GA, GJ.
Playing with strength of 5 currencies EUR, GBP, USD, AUD, JPY. As you know, there are not many entry possibilities. Session of Tokyo is almost calm.
This strategy is like martial art, fighting with beast named market for getting small pieces from here and there. You can not blindly
follow the rules of Robinho, because currency strength is a post factum indicator. There is danger to make entries after the move and
retrace begins.. This is a reason why you need to look carefully for the price action, support and resistance.
Buy Low, Sell High - this is one of the concept in FX-trading. That strategy here is pushing you to buy in high and sell in low with guessing
is there still enough momentum and market strength for taking some more pips. But it works..

SP
  • #2,665
  • May 25, 2017 3:16am May 25, 2017 3:16am
London:
8 minutes after opening: Buy GBP/AUD +1 manual BE.
May be it was closed bit early, but I did not trust the price action.
Do not lose the money. Picture with currency strength on trade entry and after.
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23 minutes after opening: Buy EUR/JPY +6 TP.
Beautiful trade on breakout, it lasted 40 seconds.
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SP
  • #2,666
  • May 25, 2017 1:40pm May 25, 2017 1:40pm
Im actually following up silently lol, i also counted the trades, on my side i got 26 trades a month "due to being a very conservative trader" that was a while ago during the testing period but looking at the summery of last week you had 24 in a week, thats more than satisfying to me!
  • #2,667
  • May 26, 2017 1:32am May 26, 2017 1:32am
Thank you, followthroug for being here!
I felt so lonely, Carneiro is also lost, may be he has a job..

Anyway,
Todays Tokyo:
13 minutes after opening Sell GBP/JPY +6 TP.
That's the trade what I'm looking for. Lasted 6 minutes.
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22 minutes after opening Sell AUD/USD +3, closed manually.
May be again too early, but feeling wasn't the best. AUD get stronger, USD weaker
and I did not trust the price action. I decided to catch those 3 pips and flee.
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SP
  • #2,668
  • May 26, 2017 2:36am May 26, 2017 2:36am
Quoting SuperPip
{quote} Hi followthroug! Thank you for your writing. I feel myself quite alone here. I agree with you regarding high spread of GBPJPY. My broker has it between 1,0-1,5 pips. I'm not working on many pairs. I have 6 of them on my screen, London: EU, GU, EA, GA, EJ, GJ; Tokyo AU, UJ, EA, EJ, GA, GJ. Playing with strength of 5 currencies EUR, GBP, USD, AUD, JPY. As you know, there are not many entry possibilities. Session of Tokyo is almost calm. This strategy is like martial art, fighting with beast named market for getting small pieces from here and...
Hi Superpip

I think this strategy requires a broker with very low spreads or commission. I opened a demo account with ic markets when I started this strategy. My hit rate wasnt that great but if you can focus on the pivots and the big round numbers and do as Carneiro has said it can work. I believe it grew from Udines system 00 Trading and that seemed to work for Udine.
  • #2,669
  • May 26, 2017 3:48am May 26, 2017 3:48am
London:

10 minutes after open: Buy EUR/USD -4 closed manually.
Example of patience lack, opened bad trade, closed too early.
I need a trade manager for setting TS and BE.
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12 minutes after open: Buy EUR/AUD BE
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49 minutes after open: Sell USD/JPY BE
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56 minutes after open: Sell GBP/JPY +6 TP
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1:03 after open: Sell USD/JPY BE
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1:07 after open: Buy EUR/AUD +6 TP
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SP
  • #2,670
  • May 26, 2017 4:03am May 26, 2017 4:03am
Week is done! No huge SL-sses.
Only todays EUR/USD trade with lack of patience.
Second week in profit.

Results:
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Have you nice weekend!
SP
  • #2,671
  • May 29, 2017 1:16am May 29, 2017 1:16am
New week, new trades.
Tokyo:
31 minutes after open: Buy GBP/JPY +7 TP
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32 minutes after open: Buy USD/JPY +6 TP
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SP
  • #2,672
  • May 29, 2017 5:58am May 29, 2017 5:58am
London:
7 minutes after open: Buy GBP/AUD -20 SL
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16 minutes after open: Buy EUR/AUD BE
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51 minutes after open: Buy GBP/AUD BE
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1:14 after open: Buy EUR/JPY +6 TP
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Interesting, how would be live without AUD...

SP
  • #2,673
  • May 29, 2017 3:38pm May 29, 2017 3:38pm
Could you tell me what time you opened this trade and at which price?

Quote
London:
7 minutes after open: Buy GBP/AUD -20 SL
  • #2,674
  • May 30, 2017 4:02am May 30, 2017 4:02am
Quoting followthroug
Could you tell me what time you opened this trade and at which price? {quote}
Hi!

It was opened at 29.05.2017 10:07:38 with price 1.72698.
Closed at 29.05.2017 10:28:41 with price 1.72497.

SP
  • #2,675
  • May 30, 2017 4:06am May 30, 2017 4:06am
Tokyo:

25 minutes after open: Sell GBP/JPY +6 TP
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SP
  • #2,676
  • May 30, 2017 4:12am May 30, 2017 4:12am
London:
1:01 after open: Buy GBP/JPY +6 TP
Trade lasted 7 seconds.
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1:06 after open: Buy GBP/USD -20 SL.
Currency strength before and after entry.
Same situation like yesterday, I entered exactly on reversal point.
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SP
  • #2,677
  • May 30, 2017 1:54pm May 30, 2017 1:54pm
Quoting SuperPip
{quote} Hi! It was opened at 29.05.2017 10:07:38 with price 1.72698. Closed at 29.05.2017 10:28:41 with price 1.72497. SP
Thanks a lot, i assume 10:07 was est. time around the beginning of the London session which starts at 10am, and 29th was bank holiday for UK and CNY which affects the liquidity.

This would be a winner trade on regular times, but i noticed you and Carneiro trade in all days even during bank holidays, do you think im right about the fact that liquidity affected that trade? is there something here that i might have not understood?
  • #2,678
  • May 31, 2017 1:51am May 31, 2017 1:51am
Tokyo:
19 minutes after open: Sell EUR/AUD -6 manual Close.
EUR started to rise after entry. I did not trust the price action
and currency strength and closed the trade.
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Something is wrong, I'm going to trades on too late, when reversals are starting.

SP
  • #2,679
  • May 31, 2017 1:58am May 31, 2017 1:58am
Quoting followthroug
{quote} Thanks a lot, i assume 10:07 was est. time around the beginning of the London session which starts at 10am, and 29th was bank holiday for UK and CNY which affects the liquidity. This would be a winner trade on regular times, but i noticed you and Carneiro trade in all days even during bank holidays, do you think im right about the fact that liquidity affected that trade? is there something here that i might have not understood?
Hi followthroug!

Are you trading that strategy?
I was looking, unfortunately bank holidays was filtered out from my Calendar.
But this pattern is happening quite often, entering trades when starts reversal.
May be it is a part of the business?
I did some statistics and stopped trading that pair at all, because of high spread and it is not moving so good.

SP
  • #2,680
  • May 31, 2017 5:38am May 31, 2017 5:38am
London:
12 minutes after open: Buy EUR/USD BE
Attached Image

SP
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