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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #1,761
  • Jan 13, 2018 11:50am Jan 13, 2018 11:50am
Some scalps with dashboard. Screenshots of dashboard are taken at entry.

AUDCHF M15

1)
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2)
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trades
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,762
  • Jan 13, 2018 4:12pm Jan 13, 2018 4:12pm
Hi Bernhard, just wondering why you did not take the EU/AU trade because the Euro number on the first screenshot was 606 and the CHF 20. Was it because the EU was nearly above 100 fib.

Jeff
  • #1,763
  • Jan 14, 2018 6:25am Jan 14, 2018 6:25am
Quoting jeffm
Hi Bernhard, just wondering why you did not take the EU/AU trade because the Euro number on the first screenshot was 606 and the CHF 20. Was it because the EU was nearly above 100 fib. Jeff
Yes, also a possible trade. You can not trade all possible setups. Depends of open position size, respect your risk management.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD M15.png Size: 90 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,764
  • Jan 14, 2018 2:39pm Jan 14, 2018 2:39pm
Demo:

These were the winners on 12th Jan right before London open. Entered those positions, went to bed and got the results in the morning.

I need to practice reversal trades a lot, took few and they went wrong way. May be I didn't understand that completely. May be I should use 1m instead of 5m after news trade reversals.

Attached Image (click to enlarge)
Click to Enlarge Name: EU 12 jan.png Size: 68 KB
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  • #1,765
  • Jan 15, 2018 5:10am Jan 15, 2018 5:10am
I love your indicators Bernhard.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu_15_min_50_pip.png Size: 228 KB
  • #1,766
  • Jan 15, 2018 11:06am Jan 15, 2018 11:06am
Quoting jeffm
I love your indicators Bernhard. {image} {image}
Nice trades, I have seen that move but couldn't take that as it violated this rule:

"4. Do not trade outside GAP if a currency is over or under Market Fib 100/-100 but wait instead for a flip and trade the pullback with inside GAP."

At that point on that small inside candle, USD was at -131 fib. Are there exceptions to this rule?
Attached Image (click to enlarge)
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  • #1,767
  • Jan 15, 2018 11:37am Jan 15, 2018 11:37am
Quoting dewdrops
{quote} Nice trades, I have seen that move but couldn't take that as it violated this rule: "4. Do not trade outside GAP if a currency is over or under Market Fib 100/-100 but wait instead for a flip and trade the pullback with inside GAP." At that point on that small inside candle, USD was at -131 fib. Are there exceptions to this rule? {image}
Good question.
You marked the numbers in the data window. Those values are not MFibs. You courser should be one candle before. That was the entry.
In your example USD is just at MFib -100 but with a strong angle. Also last high was broken. Then check a higher TF and the room to the next supply zone that might give you pips to go. You need to see the whole picture.
Keep going with your practice
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,768
  • Jan 15, 2018 11:42am Jan 15, 2018 11:42am
Some scalps with dashboard. Screenshots of dashboard are taken at entry.

EURUSD M15

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Click to Enlarge Name: EURUSD m15 2018-01-15.gif Size: 87 KB

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Click to Enlarge Name: EURUSD m15 2018-01-15 DASH.gif Size: 77 KB


End of trade
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,769
  • Jan 15, 2018 11:45am Jan 15, 2018 11:45am
Quoting jeffm
I love your indicators Bernhard. {image} {image}
Well done.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,770
  • Jan 15, 2018 3:42pm Jan 15, 2018 3:42pm
Quoting dewdrops
{quote} Nice trades, I have seen that move but couldn't take that as it violated this rule: "4. Do not trade outside GAP if a currency is over or under Market Fib 100/-100 but wait instead for a flip and trade the pullback with inside GAP." At that point on that small inside candle, USD was at -131 fib. Are there exceptions to this rule? {image}
Hi Dewdrops, thanks for the followup. I have to admit I don't always check all the rules, but it looked good to me so took it. I am sure you've noticed that price keeps going even way above/below 200 when the market is strong, not that I am recommending you do that. Still learning after a couple of months but feeling very confident with this strategy. Like those recent trades of yours.

Jeff
  • #1,771
  • Jan 16, 2018 7:34am Jan 16, 2018 7:34am
Some scalps with dashboard. Screenshots of dashboard are taken at entry.
Signals M15 with good speed (>14/-14) to avoid flat market.

GBPJPY M15
entry
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the trade
Patience is required if price retest the entry but the trend is with you. Market Makers try to hunt the stops to fill more longs. If you trail break even too early you will be there victim.
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,772
  • Edited 1:16pm Jan 17, 2018 12:46pm | Edited 1:16pm
When the whole Market move and is in trend.
We see the full row over all timeframes.

Here 2 weak currencies (USD + JPY) and 2 strong currencies (GBP + AUD).
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This gives us possible pairs to buy: GBPUSD, AUDUSD, GBPJPY, AUDJPY.

1 hour later: (GBPUSD moved 100 pip)
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AUDJPY (40 pip)
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GBPJPY (80 pip)
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AUDUSD (40 pip)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,773
  • Jan 17, 2018 6:10pm Jan 17, 2018 6:10pm
CADJPY buy on 15 min chart Loss, didn't know about interest rate decision news

GBPUSD sell on 5 min chart winner
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU 17 jan.png Size: 56 KB
  • #1,774
  • Jan 18, 2018 5:13am Jan 18, 2018 5:13am
Quoting dewdrops
CADJPY buy on 15 min chart Loss, didn't know about interest rate decision news GBPUSD sell on 5 min chart winner {image} {image}
Always check red news. You are lucky your SL was not slipped until the close of the red candle.
This is the time when market makers get active and hunting stops.
Consider to close trades before those news.

Something else we see. The price hit the demand zone at the pip (88.301) and reversed.

The reversal trade from outer MFib 161/-161 is well done.

Keep going.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,775
  • Jan 18, 2018 9:17am Jan 18, 2018 9:17am
And again some scalps with dashboard. Screenshots of dashboard are taken at entry.
Signals M15 with good speed (>14/-14) to avoid flat market.

NZDJPY M15

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY m15 2018-01-17.gif Size: 90 KB

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THE TRADE
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GBPJPY M15
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Click to Enlarge Name: GBPJPY m15D 2018-01-17 DASH.gif Size: 80 KB


THE TRADE
Attached Image (click to enlarge)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,776
  • Jan 18, 2018 10:26am Jan 18, 2018 10:26am
Bernhard, who is hunting stops? Could you explain more?

Thanks.
  • #1,777
  • Jan 18, 2018 12:18pm Jan 18, 2018 12:18pm
Quoting Bernhard
And again some scalps with dashboard. Screenshots of dashboard are taken at entry. Signals M15 with good speed (>14/-14) to avoid flat market. NZDJPY M15 {image} {image} THE TRADE {image} GBPJPY M15 {image} {image} THE TRADE {image}
Bernhard, Do you get alerts on MT4 pop-up or email notification and get on the PC to take the trades? Or do you sit in front of the PC during LO or NYO to find good setup?

More practice trade on demo:

Buy CJ on 5 min. JPY was on 161 fib and CAD coming out of -161 fib. Couldn't find good entry on 5m but when I switched to 15m, it showed bullish pinbar reversal 2 candles back and I pulled the trigger.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CJ 18 jan.png Size: 82 KB
Click to Enlarge Name: CJ 15m 18 jan.png Size: 40 KB
  • #1,778
  • Jan 20, 2018 7:58am Jan 20, 2018 7:58am
REMINDER of the TRADING RULES:

Post 69 of the other thread.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,779
  • Jan 22, 2018 9:40am Jan 22, 2018 9:40am
Starting to get a little more confident with the system, still need a lot more practice.

Here is a trade from LO Monday morning. I waited for the impulse signal, before the signal there was 20 pips for the taking but I didn't feel confident buying in at that point even though the CS angles looked good.

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  • #1,780
  • Jan 22, 2018 1:29pm Jan 22, 2018 1:29pm
Quoting osjoe2
Starting to get a little more confident with the system, still need a lot more practice. Here is a trade from LO Monday morning. I waited for the impulse signal, before the signal there was 20 pips for the taking but I didn't feel confident buying in at that point even though the CS angles looked good. {image}
If you set the sensitivity to medium, would that trigger the trade a bit earlier?
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