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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #1,821
  • Feb 8, 2018 7:08am Feb 8, 2018 7:08am
Quoting osjoe2
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 {image}
Could you share the Supply demand indicator you are using? Mine looks different all the time. I am not sure if multiple versions exist. Mine doesn't show broken supp=3 at the right bottom.
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  • #1,822
  • Feb 8, 2018 7:20am Feb 8, 2018 7:20am
Maybe you dont have the latest version? Check in the indicator settings that the option is set to true.

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  • #1,823
  • Feb 8, 2018 7:42am Feb 8, 2018 7:42am
Quoting osjoe2
Maybe you dont have the latest version? Check in the indicator settings that the option is set to true. {image}
This is what I got and it doesn't have that option
Attached Image
  • #1,824
  • Feb 8, 2018 7:46am Feb 8, 2018 7:46am
I'm using Bernhard's Advanced Supply and Demand Indicator, so it looks like we are using different indicators. The one I am using is found here. https://www.mql5.com/en/market/product/20582
  • #1,825
  • Feb 8, 2018 7:52am Feb 8, 2018 7:52am
Quoting osjoe2
I'm using Bernhard's Advanced Supply and Demand Indicator, so it looks like we are using different indicators. The one I am using is found here. https://www.mql5.com/en/market/product/20582
Thanks buddy, much appreciated!
  • #1,826
  • Feb 9, 2018 4:34am Feb 9, 2018 4:34am
Quoting dewdrops
{quote} This is what I got and it doesn't have that option {image}
The old indicator you mention draws a lot of wrong and weak zones. This is useless. It makes only the chart full and gives you wrong trade ideas.

I developed Advanced Supply Demand Indicator which makes it even easier to identify STRONG potential imbalances between buyers and sellers. This is because it filters the strongest supply and demand zones and shows how they performed in the past (showing old/broken zones). These features were designed to help make it easier for you to find the best entry zones and levels. It has two zone strength functions XY for a filter which you can adjust by indicator parameters.
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,827
  • Feb 10, 2018 7:15am Feb 10, 2018 7:15am
Quoting osjoe2
I'm using Bernhard's Advanced Supply and Demand Indicator, so it looks like we are using different indicators.
Examples how to use Supply and Demand zones find in post 1524 and post 57 with confirmation of CS.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,828
  • Feb 12, 2018 12:30pm Feb 12, 2018 12:30pm
Today was difficult. Here is a loss from this morning on GBPJPY M15, was in profit 30 pips and should have taken it, didn't worry about the retrace because I was in HT trend but it retraced too much.

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  • #1,829
  • Feb 13, 2018 1:19am Feb 13, 2018 1:19am
Quoting osjoe2
Today was difficult. Here is a loss from this morning on GBPJPY M15, was in profit 30 pips and should have taken it, didn't worry about the retrace because I was in HT trend but it retraced too much. {image}
On Mondays expect a weak Market. Continuations of trend happen then on Tuesdays.
Do not use fix pip numbers for SL. If you feel the risk is too much reduce by half your position size and give more room for the trade.
Now: think of what reason you had to place the SL at this price?
The rules are keep your SL behind a high or low or supply/demand. There are sellers or buyers so those levels should not break if you are right with your analysis.

I had similar trade on GBPJPY:
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,830
  • Feb 13, 2018 4:07am Feb 13, 2018 4:07am
Hi Bernhard, can this system be a fullauto EA?
  • #1,831
  • Feb 13, 2018 9:00pm Feb 13, 2018 9:00pm
Quoting Bernhard
{quote} On Mondays expect a weak Market. Continuations of trend happen then on Tuesdays. Do not use fix pip numbers for SL. If you feel the risk is too much reduce by half your position size and give more room for the trade. Now: think of what reason you had to place the SL at this price? The rules are keep your SL behind a high or low or supply/demand. There are sellers or buyers so those levels should not break if you are right with your analysis...
Thanks Bernhard for the information..

Some more trades this evening... It's nice when you get to match impulse with bounce off a supply or demand zone, the confluence between the two gives you extra confidence about the trade.

USDJPY, 60 pips, price rejected off pivot & supply zone, took trade on JPY impulse after close of signal candle.

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AUDJPY 30 + 13 pips, price action again rejected off supply zone, took trade on JPY impulse. Set TP at higher timeframe demand zone.
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NZDUSD 21 pips, was consilidating at a demand zone before having a fast breakout, notified via impulse indicator, saw that it was in the HT trend and took the trade.(Just found out this was due to red news for NZD)
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  • #1,832
  • Feb 14, 2018 10:36am Feb 14, 2018 10:36am
Quoting osjoe2
{quote} Thanks Bernhard for the information.. Some more trades this evening... It's nice when you get to match impulse with bounce off a supply or demand zone, the confluence between the two gives you extra confidence about the trade. USDJPY, 60 pips, price rejected off pivot & supply zone, took trade on JPY impulse after close of signal candle. {image} AUDJPY 30 + 13 pips, price action again rejected off supply zone, took trade on JPY impulse. Set TP at higher timeframe demand zone. {image} NZDUSD 21 pips, was consilidating at a demand zone before...
Well done friend
You get much better.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,833
  • Feb 14, 2018 4:33pm Feb 14, 2018 4:33pm
Quoting osjoe2
{quote} Thanks Bernhard for the information.. Some more trades this evening... It's nice when you get to match impulse with bounce off a supply or demand zone, the confluence between the two gives you extra confidence about the trade. USDJPY, 60 pips, price rejected off pivot & supply zone, took trade on JPY impulse after close of signal candle. {image} AUDJPY 30 + 13 pips, price action again rejected off supply zone, took trade on JPY impulse. Set TP at higher timeframe demand zone. {image} NZDUSD 21 pips, was consilidating at a demand zone before...
Did you look at higher TF before taking these trades? USDJPY and AUDJPY were both showing buy trend on 1hr TF (that's default HTF for 15m chart). I was following the market at that time but didn't trigger as they were contrary to HTF.

Confused now
  • #1,834
  • Feb 14, 2018 9:07pm Feb 14, 2018 9:07pm
Quoting dewdrops
{quote} Did you look at higher TF before taking these trades? USDJPY and AUDJPY were both showing buy trend on 1hr TF (that's default HTF for 15m chart). I was following the market at that time but didn't trigger as they were contrary to HTF. Confused now
I did look at the higher timeframe. This is just how I do it, but I look on H4 and also daily to confirm the trends. You will see USDJPY has been on a down trend for quite a while now, also AUDJPY is on a downtrend on H4+Daily.
  • #1,835
  • Feb 15, 2018 3:33am Feb 15, 2018 3:33am
Live trade im in as I just saw oGap forming on AUDCHF, higher timeframe agrees with downtrend. Let's see what happens.

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  • #1,836
  • Feb 15, 2018 8:26am Feb 15, 2018 8:26am
AUDCHF trade played out as expected, 34 pips, could have grabbed more but can't be greedy!

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Also caught another GBPJPY trade for 30 pips, 60 pips possible! According to CS28 on 4H and Daily we are still looking for sells. I saw on the 1H chart two candles indicating buyers exhaustion.

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And then on 15M chart CS28 shows JPY strong angles up, so I took sell trade.

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  • #1,837
  • Feb 19, 2018 1:30am Feb 19, 2018 1:30am
Advanced Dashboard for Currency Strength and Speed
Careful with JPY and CAD it is extreme on daily.
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,838
  • Feb 20, 2018 1:25am Feb 20, 2018 1:25am
Advanced Dashboard for Currency Strength and Speed

NZD bulls in trend
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,839
  • Edited 12:13pm Feb 20, 2018 10:03am | Edited 12:13pm
I now trade deviations exclusively. A simple tool that highlights the large deviations of two currency strengths is shown in my chart (green lines to buy, red lines to sell). In my opinion, retracement at the extremes is the most predictable setup. Often it leads to reversal of trend when you get lucky. Scanner can be a big help. You may add channels, harmonic patterns, supply demand or critical volume to support the reversal setup.
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  • #1,840
  • Feb 20, 2018 10:22am Feb 20, 2018 10:22am
Quoting FxSwordfish
I now trade deviations exclusively. A simple tool that highlights the large deviations of tow currency strengths is shown in my chart. In my opinion, retracement at the extremes is the most predictable setup. Often it leads to reversal of trend when you get lucky. Scanner can be a big help. You may add channels, harmonic patterns, supply demand or critical volume to support the reversal setup. {image}
Hi FxScwordfish,

I'm not sure which tool you're talking about on your chart, all I see is CS28 there?
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