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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #1,581
  • Aug 2, 2017 5:23am Aug 2, 2017 5:23am
Quoting Erebus
Here is a 4H cross NZDUSD, let's see where it goes {image}
apply all rules of post 69.

Price is just at demand zone. (Below H1 chart with higher TF = H4) Do not sell into demand.
It is expected to have a pullback first, possible until the daily open or yesterday low.
I see you got your SL just at a level we expect the price to pull back.
Do not set SL at better entry levels

You can use M15 or M5 as an entry in agreement of higher TF trend with H1 or H4. Depends on you want to scalp or not.
Attached Image (click to enlarge)
Click to Enlarge Name: ASD.png Size: 69 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,582
  • Aug 2, 2017 7:27am Aug 2, 2017 7:27am
Regarding above chart. All the drop in the big H4 candle happens within 5 minutes!
Responsible were the news at 23h45.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD NEWS2.png Size: 17 KB


If someone traded the news with M1 impulse signal could have entered right the minute before release.
I wouldn't enter after the big candle without having a pullback but it still dropped further.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD NEWS.png Size: 55 KB


after 10 minutes both indicator showing counter signals, time to think to take profit.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD NEWS3.png Size: 62 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,583
  • Aug 3, 2017 1:31am Aug 3, 2017 1:31am
As it turns out, the NZDUSD 4H signal was correct with the trend, just take some time to get going.

A perfect key reversal bar later, 1 H looks good too, but this is 1 hour after London close so many of signals will depend on if you watch the market 24 / 5

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-03_16-27-16.png Size: 50 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-03_16-28-19.png Size: 51 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,584
  • Aug 3, 2017 2:08am Aug 3, 2017 2:08am
Quoting Bernhard
{quote} apply all rules of post 69. Price is just at demand zone. (Below H1 chart with higher TF = H4) Do not sell into demand. It is expected to have a pullback first, possible until the daily open or yesterday low. I see you got your SL just at a level we expect the price to pull back. Do not set SL at better entry levels You can use M15 or M5 as an entry in agreement of higher TF trend with H1 or H4. Depends on you want...
And it did retest yesterdays low at the pip and then break lower.
So apply important levels into your trading and forget using fixed pips for SL or TP.

Attached Image (click to enlarge)
Click to Enlarge Name: NZD NEWS 4.png Size: 121 KB

(Indicator: Advanced Supply Demand)
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,585
  • Aug 3, 2017 12:08pm Aug 3, 2017 12:08pm
GBPJPY M30 Buy!
Start to Demo with ACS28!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY M30 Buy Setup .png Size: 70 KB
  • #1,586
  • Aug 3, 2017 4:42pm Aug 3, 2017 4:42pm
Hello Bernhard

In the screenshot below EUR/CAD M15 between the vertical lines we have a double gap where EUR is rising and CAD is falling.
As a result of that I was expecting a rise in price but the price is falling instead.
where I'm wrong?
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15 19-07-2017.png Size: 47 KB
  • #1,587
  • Aug 3, 2017 5:22pm Aug 3, 2017 5:22pm
Hello everybody

I just find a nice trade example for education purpose.
ACS28 is giving a SELL signal.
The question is: Would you sell?
Look where is the price right now. Is straight into daily and 4H demand zone.
The conservative approach is to:
1) do not sell into demand zone.
2) search for buy opportunities into H1 demand zone nested into H4 demand zone if the occasion will present itself.
This mean BUY bias.
Sell opportunities will occur only after the removal of the demand zones.

Lets see if my analysis will be right next week.

Bye
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH4 ACS28 03-08-2017.png Size: 70 KB
Click to Enlarge Name: GBPJPYH4 Supply&Demand 03-08-2017.png Size: 36 KB
Click to Enlarge Name: GBPJPYDaily 03-08-2017.png Size: 41 KB
  • #1,588
  • Aug 4, 2017 5:49am Aug 4, 2017 5:49am
Quoting Merka
Hello Bernhard In the screenshot below EUR/CAD M15 between the vertical lines we have a double gap where EUR is rising and CAD is falling. As a result of that I was expecting a rise in price but the price is falling instead. where I'm wrong? Thanks {image}
Your chart is 1300 bars back in history!

MT4 data it is frequently false and missing bars if you go beyond 500 to 1000 bars. So you will need synchronizing 7 USD-pairs data files.
If bars are missing in any of those pairs signals will be shifted by one bar or multiple bars.
It can be done with MT5. The MT5 version corrects with synchronization.

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad MT5.png Size: 65 KB

(Used: Advanced Currency Strength28 MT5 )
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,589
  • Aug 4, 2017 7:12am Aug 4, 2017 7:12am
Quoting Merka
Hello everybody I just find a nice trade example for education purpose. ACS28 is giving a SELL signal. The question is: Would you sell? Look where is the price right now. Is straight into daily and 4H demand zone. The conservative approach is to: 1) do not sell into demand zone. 2) search for buy opportunities into H1 demand zone nested into H4 demand zone if the occasion will present itself. This mean BUY bias. Sell opportunities will occur only after the removal of the demand zones. Lets see if my analysis will be right next week. Bye {image}...
As mentioned in the trading rules of post 69.

Rule No 5:
Check supply demand zones, do not trade against if it is not enough place for the target. (Especially the higher timeframe zones)

You can check daily CS. Write down on a paper the possible pairs and direction for the day.

If for example CADJPY shows short
Attached Image


Then trade ACS28 and Impulse short signals from H4 or H1 supply zones.
Also include for intraday and scalping important levels like pivot, yesterday high and low, daily open.
Attached Image (click to enlarge)
Click to Enlarge Name: ASD in trend.png Size: 26 KB

Advanced Supply Demand
(low setting for zone strength)
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,590
  • Aug 4, 2017 8:36am Aug 4, 2017 8:36am
@Bernhard

Thanks for the explanations.
BTW, I'm renting for 1 year ACS28 for MT4.

Green pips
Merka
  • #1,591
  • Aug 4, 2017 11:23am Aug 4, 2017 11:23am
Quoting Merka
@Bernhard Thanks for the explanations. BTW, I'm renting for 1 year ACS28 for MT4. Green pips Merka
Yes, I know. No needs to switch to MT5.
MT4 runs still faster.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,592
  • Aug 5, 2017 9:18am Aug 5, 2017 9:18am
Quoting Bernhard
!!! Most Popular Indicators for MetaTrader !!! !!! THE FIRST !!! NOW Place 1 and 3 !!! {image}

It gets better and better !

!!! Most Popular Indicators for MetaTrader !!!
!!! THE FIRST AND SECOND !!!

NOW Place 1 and 2 !!!

Attached Image (click to enlarge)
Click to Enlarge Name: popular-MT4-first-2B.png Size: 127 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,593
  • Aug 7, 2017 6:12pm Aug 7, 2017 6:12pm
USD/CAD
Long setup (already in play) on daily for a pullback maybe into weekly SZ around 61.8% or 78.6% fibs retracements before the big downward move accordingly to monthly downtrend.
Let's see after some days what will happen.
Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADDaily 07-08-2017.png Size: 58 KB
Click to Enlarge Name: USDCADDaily ACS28 07-8-2017.png Size: 44 KB
  • #1,594
  • Aug 8, 2017 3:45am Aug 8, 2017 3:45am
Hi Bernhard. I sent you a mail about upgrade of license about 48 hours ago. Could you please hava a look at it?
  • #1,595
  • Aug 9, 2017 6:12am Aug 9, 2017 6:12am
Quoting LFN
Hi Bernhard. I sent you a mail about upgrade of license about 48 hours ago. Could you please hava a look at it?
Yes, I send you the email. Also check spam. General spam filters do not like keywords like "forex".

Regards Bernhard
[email protected]
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,596
  • Aug 10, 2017 2:50pm Aug 10, 2017 2:50pm
CAD/JPY
Short bias
Daily DZ removed and the trend is down on D/4H/1H.
It's a perfect storm.
Room to go before the next daily DZ around 84.132.
Let's see what will happen.
Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CAD JPY 10-08-2017.png Size: 64 KB
Click to Enlarge Name: CAD JPY ACS28 10-08-2017.png Size: 45 KB
  • #1,597
  • Aug 14, 2017 3:45am Aug 14, 2017 3:45am
Quoting Merka
CAD/JPY Short bias Daily DZ removed and the trend is down on D/4H/1H. It's a perfect storm. Room to go before the next daily DZ around 84.132. Let's see what will happen. Thanks
Well, what did happen?

I had this running for weeks, every time frame, looking for some price action movement to give signals, even through NFP, nothing I can see to trade properly

Seems every signal I get, then price is going the other way, maybe that is the signal?



Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-14_18-28-02.png Size: 52 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,598
  • Aug 14, 2017 7:11am Aug 14, 2017 7:11am
@Erebus
The key aspect is first price action and then indicators.
I use "Supply and Demand" + currency strength meter (ACS28) like also Bernhard.
I'm working now. Tonight I'll give you my opinion on NZDCHF.
Cheers
  • #1,599
  • Aug 14, 2017 8:48am Aug 14, 2017 8:48am
Quoting Erebus
{quote} Well, what did happen? I had this running for weeks, every time frame, looking for some price action movement to give signals, even through NFP, nothing I can see to trade properly Seems every signal I get, then price is going the other way, maybe that is the signal? {image}
Erebus, we do not trade a cross SIGNAL from daily!
And what do you expect when the price is near last month low and resistance/demand? Merka is correct. Do not ignore important levels.

Use daily direction of CS and take signals from M15.
The "short signal" was already 1 week ago.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,600
  • Aug 14, 2017 9:28am Aug 14, 2017 9:28am
Well, that said above. Who ever want to trade the Daily chart need to apply the Monthly CS as trend direction.
And then read the daily charts price action as every price action is to analyse.
Such a trade is not decided after one day! It may take weeks to complete.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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