This is true. Although I would say the market makers are absolutely there to make money (as well as provide liquidity). Their preferred market is a ranging market where the can control their risk between a small band. When an institution comes in ...

Consistent Income from trading is a myth

Legend

Time based Box indi needed

Thats what I was saying earlier. People dont understand why an asset price moves as they dont know how its valued and then just assume its random. It would make the FX market the only auction market in the world where the main players are buying and ...

Consistent Income from trading is a myth

I read in your Bio - "Started trading in 2007, consistently failed at trading for 6 years. Not failing as much and as often nowadays" I dont mean to be offensive but that statement that the market is random is said by people who do not understand ...

Consistent Income from trading is a myth

Correct. I award you 10 pips.

Consistent Income from trading is a myth

This is important. Never enter a trade without a plan. Where is your target, where is your initial stop, what are you going to do if trade goes against you, doesn't move, or goes in your favour?

Robinho Enhanced

Guy who started the Robinho strategy opened a PAMM account. As this thread has the word 'Robinho' in the title it was moved to the commercial section. Nothing being sold here currently.

Robinho Enhanced

image Easy short on the EJ this morning before the LDN open. See how price rejected the 00 level twice (yellow box) earlier, how weakly it was moving back up to the resistance line. High probability that the level will reject price again with your ...

Robinho Enhanced

When price approaches a S/R line look at the speed and energy its moving at. If its taking its time getting down to the support level the probability that the level will hold will be high. If its moving fast like GJ did this morning it often shoots ...

Robinho Enhanced

Better to trade the currencies whose markets are open. There will usually be very little movement on this during the Asian session.

Robinho Enhanced

Who is your broker? Your charts say spread on GU is 8 pips and on AU 5! You are getting killed on the spread. Not good when you are scalping.

Robinho Enhanced

Do a search for CSS. on FF. Its already here there everywhere. Steve never coded it so doesnt belong to him and if the original coder (Baluda) didnt want it shared they would have protected it. So I am sure its fine.

Robinho Enhanced

If you took that cross when it happened it was a 109 pip trade in the end... Also if a weaker currency is trending up against a stronger currency this is an excellent indicator that its a weak reversal. Divergence between price action and the ...

Robinho Enhanced

Hey Jeff I think maybe you are thinking of HGI. CSS is based off the measuring the slope of the TMA indicator so doesnt matter what the TF is. I know Nanningbob and co do use it on lower than 4h TF. He will look at the CSS on 1H then trade off the ...

Robinho Enhanced

I have started using a different strength indicator called CSS. You can overlay it with the old strength indicator to compare the performance. They are very similar however I find CSS a bit more accurate. It also doesnt reset itself at the start of ...

Robinho Enhanced

I think if we had an alert for when two currencies cross each other with an option to turn on/off the 34MA rule, that is all you really need. Once you are alerted you can then open the chart and then decide on whether or not to enter the trade ...

Robinho Enhanced

Yes, its something I have mentioned a couple of times. Before you take any JPY cross you need to refer to the UJ chart. If there is a disconnect between that and your Yen cross trade you want to take or if its approaching a S/R line then you need to ...

Robinho Enhanced