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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #1,601
  • Aug 14, 2017 9:44am Aug 14, 2017 9:44am
NZDCHF H4
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,602
  • Aug 14, 2017 4:30pm Aug 14, 2017 4:30pm
Quoting Bernhard
{quote} 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.
better re-program the indicator then, it clearly draws a vertical line and it says SELL

wow, this is really counter intuitive , counter everything

buy indicator, get great signals, advertisement everywhere, everyday

then buy indicator, now told to use price action like support & resistance, ignore indicator ??

awesome
It takes a lot for me to IGNORE you, but you can try.
  • #1,603
  • Aug 14, 2017 4:32pm Aug 14, 2017 4:32pm
Quoting Bernhard
{quote} 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.

who has time to watch a 15 M chart for 24 hours a day, 5 days a week?

does anyone have any successful actual trades to show in real time, not all this 20/20 hindsight pictures?
It takes a lot for me to IGNORE you, but you can try.
  • #1,604
  • Aug 14, 2017 6:07pm Aug 14, 2017 6:07pm
You need to get the bigger picture. You show a cross on a daily chart. The cross line is with candle close, so an entry would be at the close of the green candle. Give price action time to play out. Either use then smaller TF to get a better entry or use higher TF to get the trend. Read S/R. We can always expect a pullback. A quick look at H4 would have shown that there is a pullback. Then wait until it is over. On a daily chart that might take a week. 5 candles for a pullback is normal in price action, the TF does here not matter. Then we will see what happens. Following currency strength will give you an edge but still make your job as a trader and do not trade blindly. Also apply all the other rules I have posted.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,605
  • Aug 19, 2017 8:55am Aug 19, 2017 8:55am
Some trades of the week:

  1. Trend is taken from daily CS direction. If daily is too flat we use H4.
  2. Signal is taken from impulse signal on minute charts or sometimes from cross signal.
  3. With the entry we wait until there was a pullback and enter some candles later.
  4. For SL we use highs and lows or important levels of the pair.
  5. For lotsize we calculate a 1% risk. Equation been made for the symbol and the distance of SL.
  6. For TP we use the double size of the SL to get a risk/reward of 1:2.

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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,606
  • Aug 19, 2017 9:10am Aug 19, 2017 9:10am
CADJPY
daily is short, so we take only short signals on minute charts.
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,607
  • Aug 19, 2017 9:21am Aug 19, 2017 9:21am
AUDUSD
daily is short, so we take only short signals on minute charts.
A dGAP with impulse (first is not as strong, second is better.)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,608
  • Aug 19, 2017 9:29am Aug 19, 2017 9:29am
AUDJPY
daily is short, so we take only short signals on minute charts.
A dGAP with impulse (second is exited before NY close.)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,609
  • Aug 19, 2017 9:46am Aug 19, 2017 9:46am
EURCAD
daily is long, so we take only long signals on minute charts.
A dGAP with impulse (This setup might be not so easy to spot. Supported by a false breakout at demand zone and a return to long with a higher C-Volume CAD.)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,610
  • Aug 19, 2017 9:57am Aug 19, 2017 9:57am
EURNZD
daily is long, so we take only long signals on minute charts.
A dGAP with impulse (This setup might be not so easy to spot. Time of day is around London close, so reversals are likely. Traders taken profits...)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,611
  • Aug 19, 2017 10:09am Aug 19, 2017 10:09am
EURNZD
daily is long, so we take only long signals on minute charts.
A cross signal on ACS28 this time.
Here is more to see. Some bars before the short move ended with high C-Volume. EUR reversed at MFib -100.
Attached Image (click to enlarge)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,612
  • Aug 19, 2017 10:16am Aug 19, 2017 10:16am
EURNZD
daily is long, so we take only long signals on minute charts.
A cross signal on ACS28 this time.
Here is more to see. Some bars before the short move ended with high C-Volume. EUR reversed at MFib -100.
Attached Image (click to enlarge)
Click to Enlarge Name: imp5 csD EURNZD cross.png Size: 134 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,613
  • Aug 19, 2017 10:22am Aug 19, 2017 10:22am
USDCHF
daily is long, so we take only long signals on minute charts.
A dGAP with impulse. CHF getting weaker and comes down from MFib 161.
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,614
  • Aug 19, 2017 10:28am Aug 19, 2017 10:28am
USDJPY
daily is long, so we take only long signals on minute charts.
NEWS with impulse. A quick scalp. Still some pips room until the higher TF supply.
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,615
  • Aug 19, 2017 10:45am Aug 19, 2017 10:45am
Hi Bernhard
Is it possible to post some live video for this, all I see is after the fact stuff. Can u do some live video before what u look for when u take the trade record the whole live trade.
  • #1,616
  • Aug 19, 2017 11:09am Aug 19, 2017 11:09am
Quoting desiboy
Hi Bernhard Is it possible to post some live video for this, all I see is after the fact stuff. Can u do some live video before what u look for when u take the trade record the whole live trade.
Trading and making videos is two different things. I am not that much of a video guru. It will also slow down the CPU which we need for all indicators. There is also a big distraction.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,617
  • Aug 19, 2017 11:15am Aug 19, 2017 11:15am
AUDJPY
daily was flat so checking H4 was also unclear and went up with H1, so we take only short signals on minute charts.
Now this setup was with C-Volume. It was very high on that pinbar. So looking for any confirmation to go short and Impulse gave a red line, then enter on the next pullback.
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  • #1,618
  • Aug 19, 2017 11:32am Aug 19, 2017 11:32am
EURGBP
daily is long, so we take only long signals on minute charts.
A impulse signal short (but daily is long!) with high C-Volume means attention!
So waiting for any confirmation to go long.
The 3 green lines of Impulse it was...
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,619
  • Aug 19, 2017 11:42am Aug 19, 2017 11:42am
GBPCHF
A loss...
Why I thought of going long? I did not follow my rules. H4 trend was short.
Also a quite difficult and consolidated pair.
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  • #1,620
  • Aug 19, 2017 11:49am Aug 19, 2017 11:49am
GBPCAD
daily is long, so we take only long signals on minute charts.
A cross signal on ACS28 this time.
That was better.
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