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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #1,841
  • Feb 20, 2018 2:02pm Feb 20, 2018 2:02pm
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}
Welcome back friend!
Yes, of course. The extreme MFibs are in the reversal zone. (Post 8). Wait for the hook with iGAP.

Quoting osjoe2
{quote} Hi FxScwordfish, I'm not sure which tool you're talking about on your chart, all I see is CS28 there?
Use the hook alert of ACS28 (with low "minimum hook GAP") and then pair with the most opposite CS.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,842
  • Edited 10:49pm Feb 20, 2018 10:12pm | Edited 10:49pm
Yes, thanks Bernhard.

Missed the oGap/trend continuation on EURJPY/USDJPY so I opened a counter trend reversal position on EURJPY, target of only 20 pips to be safe.

This is a live trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 174 KB



EDIT,

Caught the small pullback, Barely hit TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 71 KB
  • #1,843
  • Feb 21, 2018 2:52am Feb 21, 2018 2:52am
Quoting osjoe2
Yes, thanks Bernhard. Missed the oGap/trend continuation on EURJPY/USDJPY so I opened a counter trend reversal position on EURJPY, target of only 20 pips to be safe. This is a live trade. {image} EDIT, Caught the small pullback, Barely hit TP {image}
For reversal trades add a small trailing stop.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,844
  • Feb 21, 2018 4:23am Feb 21, 2018 4:23am
Quoting Bernhard
Advanced Dashboard for Currency Strength and Speed NZD bulls in trend {image}
Todays snapshot
NZD bulls still in trend
Attached Image (click to enlarge)
Click to Enlarge Name: gap270 21-2.png Size: 66 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,845
  • Edited 3:43pm Feb 24, 2018 1:33pm | Edited 3:43pm
Quoting Bernhard
{quote} Welcome back friend! Yes, of course. The extreme MFibs are in the reversal zone. (
Quoting Bernhard
Post 8). Wait for the hook with iGAP. {quote} Use the hook alert of ACS28 (with low "minimum hook GAP") and then pair with the most opposite CS.
Hook alert would be too late for reversals in my opinion. My indicator is not counting on hooks, only the MFib deviations. Extreme values are set up for reversals and plotted on chart as vertical green or red lines. I have studied this setup for basket trading in my blog. https://www.mql5.com/en/blogs/post/693996 Now I only open trades for selected pairs. Accuracy is nearly 100%.

This EA from xxxx is trading the deviations as well. They may have some wacky currency strength measurements (ACS28 is superior in my opinion), but the idea is the same as mine using ACS28. Check it out here https://www.fxblue.com/users/dreammachine4hrcon This demo is based on conservative settings. There are two other demo accounts in H4 being monitored. Just change the last 3 characters to agg (aggressive) and bal (balanced) to see the results.
  • #1,846
  • Feb 27, 2018 2:44am Feb 27, 2018 2:44am
Quoting FxSwordfish
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. {image}
Hi FxSwordfish
Which tool is it?
  • #1,847
  • Feb 27, 2018 5:44am Feb 27, 2018 5:44am
Quoting noshali
{quote} Hi FxSwordfish Which tool is it?
It is "Currency Strength Deviation" from Kashif Javed. Look it up under ACS28 tab http://javedfxsolutions.wixsite.com/javedfxsolutions
  • #1,848
  • Feb 28, 2018 2:51am Feb 28, 2018 2:51am
Trade signals with the full set.
What you should read out of a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: trade signals the full set.png Size: 106 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,849
  • Feb 28, 2018 2:21pm Feb 28, 2018 2:21pm
Quoting Bernhard
Trade signals with the full set. What you should read out of a chart. {image}
Rest of the day sentiment was holding in trend JPY strong and GBP weak.
Closed GBPJPY sell with 180 pip.
Hope everybody cut a piece out of it.
Attached Image (click to enlarge)
Click to Enlarge Name: full set GBPJPY 180pip.png Size: 90 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,850
  • Feb 28, 2018 4:03pm Feb 28, 2018 4:03pm
Hello,

Bernard, sent you a mail. I want to get started with this system.
  • #1,851
  • Mar 1, 2018 1:25am Mar 1, 2018 1:25am
Anyone know the fastest way t reach Bernard?
  • #1,852
  • Mar 1, 2018 2:17am Mar 1, 2018 2:17am
Quoting synaptium
Anyone know the fastest way t reach Bernard?
Good morning you are welcome.
My time zone is GMT. Everyone sleeps in the night, right?
All email will be answered within 24 hours. Now check your email please. It might need to check spam because Email filters do not like Words like "Forex".
[email protected]
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,853
  • Mar 1, 2018 2:34pm Mar 1, 2018 2:34pm
Quoting FxSwordfish
No other developers are as passionate about their indicators as Bernard. Don't wait another day. Get it now. +549 pips yesterday. +742 pips the day before. Today +269 pips so far still have trades open. Good luck to you. Edit: +672 pips done for the day
Could you provide a little more info about those trades so that we can learn? Screenshots, exits, etc when you got some time.
  • #1,854
  • Mar 1, 2018 7:09pm Mar 1, 2018 7:09pm
Quoting FxSwordfish
No other developers are as passionate about their indicators as Bernard. Don't wait another day. Get it now. +549 pips yesterday. +742 pips the day before. Today +269 pips so far still have trades open. Good luck to you. Edit: +672 pips done for the day
well well if you are so smart then show your trade your entry and exit on live chart thanks sir
  • #1,855
  • Mar 3, 2018 1:41pm Mar 3, 2018 1:41pm
Quoting ellenbrook
{quote} well well if you are so smart then show your trade your entry and exit on live chart thanks sir
Please be polite with each other. What is wrong if one have success.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,856
  • Mar 3, 2018 2:18pm Mar 3, 2018 2:18pm
An example of a reversal trade which is in higher TF point of view a continuation.

Trading is like a game of chess. You need to think a few moves ahead. That was the reason for the trade with CADJPY on Friday.

The daily trend was clearly a short due to the dashboard and D1 ACS28.
Snapshot at NY open.
Daily CS in both CAD and JPY extreme, so no direct entry. Traders patience is required and waiting for a signal!
Attached Image (click to enlarge)
Click to Enlarge Name: dash CADJPY D1.png Size: 55 KB


Then it happens a pullback - but not go long. Too risky with such strong bearish trend.
Instead, Market Makers stop-hunted shorts to fill its own positions. Seeing here in the inverted hammer with an extreme c-volume. This was the signal for going short!
Attached Image (click to enlarge)
Click to Enlarge Name: full set CADJPY M30 c-vol.png Size: 34 KB


A relative small SL above the hammer high and trailed in the middle and set TP for the next daily demand zone. Here I was a little too greedy and placed the TP a few pips inside the zone but the price did not reach for 5 pip. I then closed the trade before the market closed.
Gave 140 pip.
Attached Image (click to enlarge)
Click to Enlarge Name: full set CADJPY M30.png Size: 134 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,857
  • Mar 3, 2018 2:57pm Mar 3, 2018 2:57pm
Quoting ellenbrook
{quote} well well if you are so smart then show your trade your entry and exit on live chart thanks sir
He is doing basket trading and such amount of pips are reasonably achievable.
Mainly he is finding the weakest/stronger currency and then he is selling/buying that currency in all the pairs where such currency is involved.
For example, let say you find EUR is very very very strong. What do you do than? You buy eurusd, eurcad, eurjpy, euraud, eurnzd, eurchf, eurgbp.
Some pairs will loose but the basket will probably be in profit.
Hope you understood the concept.
  • #1,858
  • Mar 6, 2018 5:54am Mar 6, 2018 5:54am
For scalpers:
How to quickly find the right pair with momentum and have all pairs and all timeframes on screen.
Check extreme CS numbers (yellow and pink bold) and then wait for entry sign after a pullback.
Check for speed.
Check for TREND (a rating of all TFs).
A confirmation of higher TFs (speed or CS).
Attached Image (click to enlarge)
Click to Enlarge Name: dash find momentum.png Size: 62 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,859
  • Mar 15, 2018 4:49am Mar 15, 2018 4:49am
When time-frames do not agree.

Snapshot shows:
CAD is still weak on higher TFs but is at extreme MFib levels -142 daily and -126 weekly.
The lower TFs now showing a pullback.
Attached Image (click to enlarge)
Click to Enlarge Name: dash pullback.png Size: 43 KB

The trader now has the choice.
Look to trade the pullback with a chance to get in on a new trend very early.
Or wait until the pullback is over and trade the continuation of the old trend with a better price.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,860
  • Edited 4:21pm Mar 15, 2018 12:02pm | Edited 4:21pm
Quoting Bernhard
When time-frames do not agree. Snapshot shows: CAD is still weak on higher TFs but is at extreme MFib levels -142 daily and -126 weekly. The lower TFs now showing a pullback. {image} The trader now has the choice. Look to trade the pullback with a chance to get in on a new trend very early. Or wait until the pullback is over and trade the continuation of the old trend with a better price.
Excellent analysis for the use of your dash. I took the pullback trade baaed on deviation (my indicators/EA not shown), but the pink stars from ACS28 are good pullback signals. Also, it was clear which pair to trade by looking at the ACS28. Not sure how much uptrend it will continue after London session is closed. Out for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: 3_15_18_GBPCAD_pullback.png Size: 53 KB
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