So STROBOT has set up USDCAD and has a trade in currently at 80 pips profit, he has set up another trade at entry 1.23375 for a long.
So he is building trades on existing profits.
The original entry order set at A and the new entry order at B so as we get the break out of the second area of congestion we are able to build up the trade for the new targets.
111pips profit target in the original trade.
Ok so here is the GBPCHF that broke down, my entry order went in at 1.52786 and then I closed my trade for the weekend 100 pips up. I want another trade short on this pair *BUT* it needs to break through two levels of support. I had a good week last week with 144 pips profit for the week.
Most of those were robot trades and a couple where I used the system to do manual trading as you have been reading.
The robot doesn’t actually place that many trades.
Have a great weekend every one see you Monday and don’t forget to register for the webinar! 🙂
Ok so we have GBP GDP figures this morning and I have been looking for a suitable trade. GBPUSD is of prime interest, I’ve used STROBOT’s set up on it and the chart to take an entry order after the last support @ 1.70360. You can see that the pair has been in a bullish trend for a whole but has been dropping with USD strength.
My stop is at 1.69612 Strobot’s suggested stop and my TP at 1.71908.
This is purely a manual speculative trade. I want to give the pair room to whipsaw which it probably will. thus my entry is 42 pips from price. This pair can move a lot of pips.
So target is 145 pips from my entry but we have to get 42 pips up first. With this pair this is absolutely not a problem and a 200 pip move is not uncommon, the last was on the 12 of June.
STROBOT decided he’d take a LONG GBPCHF!!! 2 minutes before news – a much better choice I think.
Overnight the GPBAUD pair railed up against my trade. Right now it is returning back down from whence it came.
As you can see from this daily chart, the SignalTrader Massive (that’s the bottom indicator) is showing divergence where the price has been going up but BOTH AUD and GBP are falling. This NORMALLY results in a reversal of price, so the price will fall and be drawn to the downside by both pairs falling. At present GBP has become weaker than AUD we’re just waiting for the break.
My AUDNZD is sitting 103 pips profit 20 pips to target in a short opened 5 days ago.
Let me give you an example of a live trading account with $100 USD in it.
STRobot did make two losses yesterday of 60 pips but you can see compared to what it achieved overnight.
I have now stopped trading manually.
(Please note past performance is no indication of future success and you should not place the orders shown as STRobot dynamically modifies the orders as the market moves).
Live SignalTrader Session.
Here is the image I’m talking about at the start.
SignalTrader Trading System is suggesting a buy GBPJPY Stop 170.630 entry 171.014 TP 172.224 Target 124.10 pips (nice!). We have UK news @ 9:28 which if could could trigger a retrace up. However GBP has a habit of rallying prior to news on the anticipation of retail traders which could nicely knock us up into safe trading with a 16 pip trailing stop.
http://www.iwanttobeaforextrader.com < get your copy of SignalTrader Trading System.
I moved my stop back because of the small hook but it was in profit anyway it has now moved up and I’m 36 pips in profit. Will let you know where we close but I am still looking for 171.064