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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #1,861
  • Mar 16, 2018 3:30am Mar 16, 2018 3:30am
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.
It is the traders choice but in my opinion it is better to stay in trend and trade the continuation until the trend is clearly over. Especially in this case when the higher time-frame is daily-weekly-monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: dash pullback2.png Size: 69 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,862
  • Mar 16, 2018 5:16am Mar 16, 2018 5:16am
Quoting Bernhard
{quote} It is the traders choice but in my opinion it is better to stay in trend and trade the continuation until the trend is clearly over. Especially in this case when the higher time-frame is daily-weekly-monthly. {image}
When highest time-frames agree with lower TFs.
Price never goes in a straight line. It pushes further and pulls back or consolidates and pushes further.
Attached Image (click to enlarge)
Click to Enlarge Name: dash pullback3.png Size: 63 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,863
  • Edited 7:48am Mar 16, 2018 6:58am | Edited 7:48am
The indicator has helped me avoid sitting on flat markets and profit from it every moment. It's an essential add-on to my trading strategy. Weak CAD, AUD and Strong JPY. Thanks Bernhard.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: profit.png Size: 298 KB
Click to Enlarge Name: profit2.JPG Size: 262 KB
  • #1,864
  • Mar 16, 2018 7:22am Mar 16, 2018 7:22am
When market is trending don't go against.
Attached Image (click to enlarge)
Click to Enlarge Name: dash trending.png Size: 62 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,865
  • Mar 17, 2018 6:40am Mar 17, 2018 6:40am
Quoting Bernhard
When market is trending don't go against. {image}
Following the higher TF trend 149 pip
Attached Image (click to enlarge)
Click to Enlarge Name: dash trending2.png Size: 66 KB

with a small scalp on pullback/consolidation 13 pip
Attached Image (click to enlarge)
Click to Enlarge Name: dash trending2B.png Size: 71 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,866
  • Mar 17, 2018 10:00am Mar 17, 2018 10:00am
Quoting Bernhard
{quote} Following the higher TF trend 149 pip {image} with a small scalp on pullback/consolidation 13 pip {image}
Easy to see after the fact, Bernard. I do agree that trend gives the largest profit, but in general, poor win/loss ratio.
Attached Image
  • #1,867
  • Mar 17, 2018 10:58am Mar 17, 2018 10:58am
Quoting FxSwordfish
{quote} Easy to see after the fact, Bernard. I do agree that trend gives the largest profit, but in general, poor win/loss ratio. {image}
How poor win/loss ratio? I was in GBPAUD, GBPCAD, AUDJPY and CADJPY on Friday, but turned out good for me.
  • #1,868
  • Edited Mar 18, 2018 11:59am Mar 17, 2018 12:58pm | Edited Mar 18, 2018 11:59am
Quoting shettytushar
{quote} How poor win/loss ratio? I was in GBPAUD, GBPCAD, AUDJPY and CADJPY on Friday, but turned out good for me.
In general less than 50% over time. Add your account to myfxbook and after a month you can analyze your win/loss ratio and profit factor.

[Edit] It comes down the choice of trading style. All the top traders will advise you to keep a high profit factor, like >2 or 3 (meaning every time you lose you lose $1 and every time you win you gain $2-3, you will be profitable in the long run even with a win/loss ratio <40%. You need to find out if your trade management follows this rule. I hate to lose so I keep a high win/loss ratio and a poor profit factor. I am willing to change once I have a good compromised strategy.
  • #1,869
  • Mar 19, 2018 9:46am Mar 19, 2018 9:46am
Every trader have its preferences according to his psychology and there is nothing wrong with it.

One might prefer a high win-rate another prefer a high profit factor. Beginners and impatient traders mostly going with the first.

But the advanced trader must have different strategies in his assortment depending on the market.

Example today a typical Monday with no important news. Entering in small consolidations but in direction of trend. This keeps SL small and a trail gives a chance for a bigger profit.

485 pip up by today.
Attached Image (click to enlarge)
Click to Enlarge Name: trades report.png Size: 38 KB

(This trades were automated.)
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,870
  • Mar 19, 2018 4:59pm Mar 19, 2018 4:59pm
Quoting Bernhard
Every trader have its preferences according to his psychology and there is nothing wrong with it. One might prefer a high win-rate another prefer a high profit factor. Beginners and impatient traders mostly going with the first. But the advanced trader must have different strategies in his assortment depending on the market. Example today a typical Monday with no important news. Entering in small consolidations but in direction of trend. This keeps SL small and a trail gives a chance for a bigger profit. 485 pip up by today. {image} (This trades...
If I am not wrong, you take H1 strength/weakness and make an entry on M5 right? You make quick in and out trades based on signals generated? I would like to see more trade setups based off of Advanced DASH Indicator.
  • #1,871
  • Mar 24, 2018 7:43pm Mar 24, 2018 7:43pm
Where do I find the indicators? I like to test them out. TIA
  • #1,872
  • Mar 25, 2018 2:38am Mar 25, 2018 2:38am
Quoting yves11
Where do I find the indicators? I like to test them out. TIA
Just send me an email to get the full info.
[email protected]
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,873
  • Mar 25, 2018 5:41am Mar 25, 2018 5:41am
My reflection on silver for the next week.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver H1.PNG Size: 31 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Silver H4.PNG Size: 28 KB
  • #1,874
  • Mar 26, 2018 7:29am Mar 26, 2018 7:29am
Quoting Beru
My reflection on silver for the next week.{image}{image}
Welcome Beru,
The small slope on last candle H4 at market close does not support a short yet. Look for better angle/slope of the strength line. Best on both the USD and Silver. Also the angle/slope of H1 is still not strong enough. Compare the distance between the 0-line and the Market 23 with the slope of the strength (Post 23). Those pictures we get many times over the 3-4 hours before Friday close because Market activity weakens (Traders closing positions before weekend.) But to wait for a level break for confirmation is a good way to do.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,875
  • Mar 28, 2018 7:10am Mar 28, 2018 7:10am
Yes you are right, the daily TF was still up.

Now it's right (GOLD H1)
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH1.png Size: 46 KB
  • #1,876
  • Mar 28, 2018 7:27am Mar 28, 2018 7:27am
I did not take the next trade
Demand was close (AUDJPY M5)

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.PNG Size: 133 KB
  • #1,877
  • Edited Mar 30, 2018 3:06am Mar 29, 2018 6:35pm | Edited Mar 30, 2018 3:06am
Happy Easter.

Definitely you do not want to trade on bank holidays (Excepting Market flat, big spread, low liquidity, unpredicted spikes...)

Attached Image

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Take off and enjoy life!
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,878
  • Apr 5, 2018 4:01am Apr 5, 2018 4:01am
Back to trading the holidays are over.

There is a TRADE WAR?? Great! Let as trade it!

Don't be afraid this is the time to get the best deals. But do not sit on loosing stock positions! Anyway we trade Forex, so it means opportunity when the Market moves.

Now...

I want to show you an application how to use the vertical line of Impulse indicator.

  1. We first check a dGAP on the higher TF H1 with ACS28.
  2. After that we check on M5 for an entry with a vertical line in the same direction.

Attached Image (click to enlarge)
Click to Enlarge Name: imp vL m5 H1.png Size: 88 KB

(ACS28 is set to show the higher timeframe H1.)
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,879
  • Apr 5, 2018 4:35am Apr 5, 2018 4:35am
Hi Bernhard,
would you trade the same way this GBPUSD short? (appologies for changed colors of currencies..).
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Click to Enlarge Name: Screenshot1.png Size: 91 KB
  • #1,880
  • Edited 5:21am Apr 5, 2018 5:10am | Edited 5:21am
Quoting endy
Hi Bernhard, would you trade the same way this GBPUSD short? (appologies for changed colors of currencies..). {image}
You are too late.
This setup played already out.
Attached Image (click to enlarge)
Click to Enlarge Name: imp vL m5 H1 gbpusd.png Size: 80 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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