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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #1,801
  • Edited 8:43pm Feb 3, 2018 8:02pm | Edited 8:43pm
Quoting osjoe2
Thanks for sharing your experience Ali! It's great to see someone new be able to make good money in only a few days, shows you how useful the indicators are! Don't be afraid to share some of your trades here!
I will try. I only have one account and it is running and EA with very small trades so all is jumbled up...the only way for me to check is using the magic number right now...want to separate the account in the coming weeks to have trades only for using indicators. Posting such a screenshot as below will not help anyone.

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Also, I use the demand supply indicator and that is a MUST to use....the indicator might give an alert to buy and if you use demand and supply...you know that you are in the supply zone..be careful as there is a possibility that your buy will be good but you run the risk of buying at a very high place and the price will go down.
  • #1,802
  • Feb 4, 2018 6:08am Feb 4, 2018 6:08am
Quoting noshali
{quote} I will try. I only have one account and it is running and EA with very small trades so all is jumbled up...the only way for me to check is using the magic number right now...want to separate the account in the coming weeks to have trades only for using indicators. Posting such a screenshot as below will not help anyone. {image} Also, I use the demand supply indicator and that is a MUST to use....the indicator might give an alert to buy and if you use demand and supply...you know that you are in the supply zone..be careful as there is a possibility...
Welcome Ali,
for pictures just use the charts were the indicators are on and then drag and drop the trade from terminal / account history into the chart. MT4 will then draw the trade into. Please no EA talks in this thread.
I can not contact you on this forum so please send me an email to get from me the starter package.
[email protected]
Good luck for more green pips.
Regards Bernhard
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,803
  • Feb 4, 2018 2:41pm Feb 4, 2018 2:41pm
Quoting osjoe2
I decided this week 1/29/18 - 2/2/18 to set a goal of 20 pips per day/100 pips for the week. I ended the week exceeding the goal with 125 pips for the week and was able to find a trade every London session, it is starting to get easier to grab 20 pips, and in almost every trade i could have grabbed more. I did lose a few trades and cut the loss early, i only lost because i was impatient and didn't follow my trading rules. I will set the same goal next week for some more practice before going live. Here is my last trade this week. As I entered i...
I was thinking of same set pip target per day but Risk reward ratio didn't make sense to me. Sometimes to gain 20 pips I would have to risk 30 pips (R:R falls below 1:1). How do you deal with it?
  • #1,804
  • Feb 4, 2018 3:38pm Feb 4, 2018 3:38pm
Quoting dewdrops
{quote} I was thinking of same set pip target per day but Risk reward ratio didn't make sense to me. Sometimes to gain 20 pips I would have to risk 30 pips (R:R falls below 1:1). How do you deal with it?
I wasn't really focused on R:R, I just wanted to see if I could hit my goal with the system. This new week I will focus more on R:R and try to only take trades that are 1:1 or better.
  • #1,805
  • Feb 5, 2018 9:40pm Feb 5, 2018 9:40pm
Made the cardinal mistake of entering into a LONG JPYNZD trade when JPY was at Market 261 Fib. The alert kept on saying buy so dont be fooled by that as the indicator will react (but slowly) to sudden changes.

REMEMBER
Ideal is to be in a trade at 50 Fib. Plenty of opportunities but for beginners..follow the guidelines that Bernhard has given.

Regards,
  • #1,806
  • Feb 5, 2018 9:43pm Feb 5, 2018 9:43pm
Quoting Bernhard
{quote} Welcome Ali, for pictures just use the charts were the indicators are on and then drag and drop the trade from terminal / account history into the chart. MT4 will then draw the trade into. Please no EA talks in this thread. I can not contact you on this forum so please send me an email to get from me the starter package. [email protected] Good luck for more green pips. Regards Bernhard
Bernhard,
Sorry was not aware of that I could not talk about EA.
Later
  • #1,807
  • Feb 6, 2018 12:13am Feb 6, 2018 12:13am
Ok
So here is my performance of a few hours using the indicators. 70+ pips

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If you look at the chart..JPY was very high...see my bad LONG trades at that high level. I concentrated on the NZDJPY. Did not find any other good setups..potential setups were AUD and CAD vs JPY but the impulse did not support it. JPY had a good hook at the bar it gave the BUY arrow. I entered LONG and guess what it went down 30 plus pips. Without these indicators I would have panicked and gotten out but do remember that JPY is volatile meaning it goes up and down by a lot of pips. GBPJPY being the most volatile pair in my opinion. Anyways, stuck to my trades (kepy on hearing in my head...dont let bad trades run) but had solid thought process...the demand supply indicator helped as well and so did the hook of JPY.
The bearish bar scared me but I still added additional buy trades during this retracement (to average out..menaing if it goes back up..I will lose on 1-2 trades but overall on the pair will still make some money..as seen in the image above. I did put a stop loss in case all analysis meant nothing (I am still very new to trading).

I don't like to trade the inside gap so do scalping till I am confident...also NZD session would end soon so don't want to hold trades for too long. Sorry for rambling..do let me know if you have any questions or feedback for me to improve my results. Thanks.
These indicators do WORK.

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  • #1,808
  • Feb 6, 2018 3:31am Feb 6, 2018 3:31am
Quoting noshali
Ok So here is my performance of a few hours using the indicators. 70+ pips {image} If you look at the chart..JPY was very high...see my bad LONG trades at that high level. I concentrated on the NZDJPY. Did not find any other good setups..potential setups were AUD and CAD vs JPY but the impulse did not support it. JPY had a good hook at the bar it gave the BUY arrow. I entered LONG and guess what it went down 30 plus pips. Without these indicators I would have panicked and gotten out but do remember that JPY is volatile meaning it goes up and down...
To learn trading takes his time.
Please tell the TF of pictures if the window is in maximize mode. I think it is H1? H1 impulse value can be used as trend strength if you scalp but enter then on M5 or M15.
Not sure where is your trade. Of course with JPY at such high MFib values, we expect pullbacks.

If you do not find any good setups then the trade decision is just don't trade! Learn to be patient. (A tiger does not ran for every gazelle he looks.)
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,809
  • Feb 6, 2018 3:36am Feb 6, 2018 3:36am
Quoting Bernhard
{quote} To learn trading takes his time. Please tell the TF of pictures if the window is in maximize mode. I think it is H1? H1 impulse value can be used as trend strength if you scalp but enter then on M5 or M15. Not sure where is your trade. Of course with JPY at such high MFib values, we expect pullbacks. If you do not find any good setups then the trade decision is just don't trade! Learn to be patient. (A tiger does not ran for every gazelle he looks.)
Yes it is H1. Have a lot to learn. Thanks for the feedback.
  • #1,810
  • Feb 6, 2018 3:59am Feb 6, 2018 3:59am
So here is a trade that went bad for me. I need feedback on how to avoid such setups. It is inward gap so still trying to learn to do that.
Workflow:
I look at all TF so see if that is the trend. I usually look at H4 and H1 and trade on M30. To put it simply if H1 and H4 show a trend that is what I follow. I could be totally wrong so please see the following trade and tell me what I did wrong or what can be improved.

I entered the buy on the AUD up arrow in the impulse. The trend seems to be that JPY is going down and AUD is going up (CS28)
The red lines and onward cannot be seen as the entry time is exactly on the arrow.

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Now M30 also looks fine and impulse and the CS28 are showing the trend for a buy. I put a stoploss under the arrow. It hit the stop loss.

THERE IS NOTHING WRONG WITH THE INDICATOR. Just want to understand to avoid. Price was in the supply zone also.
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Looking forward to your feedback.
Regards,
  • #1,811
  • Feb 6, 2018 4:09am Feb 6, 2018 4:09am
Quoting noshali
{quote} Yes it is H1. Have a lot to learn. Thanks for the feedback.
Nice start, keep at it, you will get better and better!

--------------------------------------------------------------------------------------

Here is an iGap trade I identified on the 1H and took on the 15M chart for 34 pips. There was 80 pips for the taking but I got in late.

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  • #1,812
  • Feb 6, 2018 4:39am Feb 6, 2018 4:39am
Quoting osjoe2
{quote} Here is an iGap trade I identified on the 1H and took on the 15M chart for 34 pips.
Hi
I keep on hearing about trades identified in one time frame and taken in another. The way I look at it is to see trend.
Please can you explain what that means exactly. I would have not taken the trade in M15..that is if I had only looked at the M15 chart.

Thanks
  • #1,813
  • Feb 6, 2018 2:24pm Feb 6, 2018 2:24pm
Quoting noshali
{quote} Hi I keep on hearing about trades identified in one time frame and taken in another. The way I look at it is to see trend. Please can you explain what that means exactly. I would have not taken the trade in M15..that is if I had only looked at the M15 chart. Thanks
I'm still fairly new to this... But if you identify an opportunity on H1 or H4 it's usually better to drop down to a lower time frame to actually enter the trade. On the lower timeframe you can see more detail in the market and possibly get a better entry with no initial drawdown and go straight into profits.
  • #1,814
  • Feb 6, 2018 5:11pm Feb 6, 2018 5:11pm
14 Scalps on news last Friday with Draghi speach. Entry was automated based on impulse vertical line and manual closed after 30 minutes when I thought momentum dropped. 13 winners and 1 small loss of 2 pip.
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,815
  • Feb 6, 2018 5:12pm Feb 6, 2018 5:12pm
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,816
  • Feb 7, 2018 12:23am Feb 7, 2018 12:23am
Great work...I am still not good at setting the right SL. I see that you did a great job. Also, how did you draw the line for the news.
  • #1,817
  • Feb 7, 2018 4:58am Feb 7, 2018 4:58am
Quoting noshali
Great work...I am still not good at setting the right SL. I see that you did a great job. Also, how did you draw the line for the news.
This line was just added manual. You can easily add lines by MT4.
Attached Image

then double-click the line and edit time. So you can add all red news on chart by the day.
Get red news from Calender on this forum or www.investing.com/economic-calendar/
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,818
  • Feb 7, 2018 5:38am Feb 7, 2018 5:38am
Thanks..I did add the vertical and added a news event...mine does not show draghi like yours does.
  • #1,819
  • Feb 7, 2018 6:02pm Feb 7, 2018 6:02pm
Quoting noshali
Thanks..I did add the vertical and added a news event...mine does not show draghi like yours does.
You have to right click and edit the vertical line properties and add a description if you want to label it.
  • #1,820
  • Feb 8, 2018 6:27am Feb 8, 2018 6:27am
Red GBP news this morning, was able to grab 45 pips. I like to make sure price action doesn't whipsaw between bulls and bears before jumping in. Up 115 pips for the week and I should be able to grab another 20 or more tomorrow

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