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Finding the trend

  • #241
  • Jul 30, 2024 2:31am Jul 30, 2024 2:31am
Quoting OAPDave
Another live example ? plus GBP JPY as 15mins {image} {image}
Dave you are doing a fantastic job in lecturing us. I admire your knowledge - also even if it will not be the way I shall trade. Thank you for your inputs.
MetaTrader 4 - so many advantages.
  • #242
  • Jul 30, 2024 3:22am Jul 30, 2024 3:22am
Quoting OAPDave
{quote} Thank you I value your skills too My problem in trading is that I hone in on only One Pair At the moment its GBP JPY As you can guess some days I have to sit on my hands Take today, I happened to wake earlier than normal So opened the computer to see what was happening Noted that Eod is keeping the pressure on me to explain things Gbp Jpy was looking good So posted charts Did not trade it myself , as I was posting and watching at the same time (not a good idea in my case) Has it happened the plan worked well But my normal time to start is...
Is there a reason you are trading only GJ?
  • #243
  • Jul 30, 2024 4:21am Jul 30, 2024 4:21am
Quoting JaimeAlejan
I just found this very interesting pair. NZDJPY, after several days of consolidation, is starting to break the bearish trend to rise a little. These types of structures are my favorites. They are generated a lot in the EURAUD, one of my favorite pairs, after days of consolidation, it takes off strongly in one direction for DAYS. {image} Currency Strength in H4 shows currency crosses and in the Daily chart it shows that the two currencies are at extremes. I also like to analyze fundamentals, it is often heard that the Yen will not be able to withstand...
Well - right now the whole market is in a consolidation. So there will be plenty of those trades for you. It is break out trading and the break out direction should most of the time be a trend continuation, but it can also be the change of overall trend direction.
MetaTrader 4 - so many advantages.
  • #244
  • Edited 2:36pm Jul 30, 2024 4:37am | Edited 2:36pm
@Jaime

I have another thread going. There I show my exact trading strategy. I call it MIKA after the woman who shared the method in a very old and closed thread. And for the time being I have a very interesting discussion about Currency Strength Trading with Zorox. I think you should take a look.
MetaTrader 4 - so many advantages.
  • #245
  • Jul 30, 2024 4:55am Jul 30, 2024 4:55am
Quoting OAPDave
{quote} Thinking what's in your head at the moment on the other thread that interests you If I could have a wish it would be a Indicator like I have shown example Monthly But being able to set the look back period to any number perhaps a set back 1 - 365 Here is the MONTHLY again {image}
My problem is, that I don't make indicators. There is a difference between indicators and EA's. Roughly you could say, that indicators measures back in time. EA's cannot measure back in time. Because of this difference there are some vital differences in the command set and the way the program is built.

So short - I would like to make that indi for you because I like you, but it would be a too time consuming piece of work.

In the other thread that I have ongoing, I discuss my strategy - the way I trade. In this present strategy the meaning is to discuss how to find the best trending pairs and predict the move of the next daily bar.
MetaTrader 4 - so many advantages.
  • #246
  • Jul 30, 2024 10:10am Jul 30, 2024 10:10am
I have checked for today how the trading had been if I had traded all crosses on the Currency Strength Meter. I checked 10 pairs at the M15. And it was very precise. My robot gave me a signal at exactly the crossing point. More interesting is, that it gave pips in all examples. This can be traded as a scalping maching.

So tomorrow I will take a trade exactly at the crosses. RR 1:1. I will begin at the Asian market at 2am ECT. This is exiting.
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MetaTrader 4 - so many advantages.
  • #247
  • Edited 2:37pm Jul 30, 2024 10:19am | Edited 2:37pm
Quoting OAPDave
H'mmmmmmmm who would have GUESSED {image}
Well, I have heard no one doing it, execp for Jamei and he is more swing trading. I want to scalp and it is money in the pocket.
MetaTrader 4 - so many advantages.
  • #248
  • Jul 30, 2024 12:48pm Jul 30, 2024 12:48pm
Quoting RiskFighter
I have checked for today how the trading had been if I had traded all crosses on the Currency Strength Meter. I checked 10 pairs at the M15. And it was very precise. My robot gave me a signal at exactly the crossing point. More interesting is, that it gave pips in all examples. This can be traded as a scalping maching. So tomorrow I will take a trade exactly at the crosses. RR 1:1. I will begin at the Asian market at 2am ECT. This is exiting. {image}
Any chance you will share your robot?
  • #249
  • Jul 30, 2024 1:17pm Jul 30, 2024 1:17pm
Quoting newfie4x
{quote} Any chance you will share your robot?
No. That is not possible.
MetaTrader 4 - so many advantages.
  • #250
  • Jul 30, 2024 2:14pm Jul 30, 2024 2:14pm
Quoting RiskFighter
I have checked for today how the trading had been if I had traded all crosses on the Currency Strength Meter. I checked 10 pairs at the M15. And it was very precise. My robot gave me a signal at exactly the crossing point. More interesting is, that it gave pips in all examples. This can be traded as a scalping maching. So tomorrow I will take a trade exactly at the crosses. RR 1:1. I will begin at the Asian market at 2am ECT. This is exiting. {image}
Brother, don't you think that the Asian market has very low volume?

By the way, there is important news coming for JPY today.
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  • #251
  • Jul 30, 2024 2:31pm Jul 30, 2024 2:31pm
Quoting JaimeAlejan
{quote} Brother, don't you think that the Asian market has very low volume? By the way, there is important news coming for JPY today. {image}
I have to admit: I am not like other people. I don't give a damn in volume and volatility. I am concerned only at when the trend begin and ends.

Here is the best pair today. AUDNZD.

  1. Signal 3:45 CET.
  2. RR 1:8

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MetaTrader 4 - so many advantages.
  • #252
  • Jul 30, 2024 2:35pm Jul 30, 2024 2:35pm
Quoting JaimeAlejan
{quote} Brother, don't you think that the Asian market has very low volume? By the way, there is important news coming for JPY today. {image}
You are 9 hour behind me. These red news are at 3pm GMT. It is 4 pm ECT where I live. I hope to have reached my daily goal by then.
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MetaTrader 4 - so many advantages.
  • #253
  • Jul 30, 2024 11:59pm Jul 30, 2024 11:59pm
@Jaime

How is this happening. See the JPY curve on the M30 and H1.

Is it repainting?
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MetaTrader 4 - so many advantages.
  • #254
  • Jul 31, 2024 1:06am Jul 31, 2024 1:06am
On Monday afternoon the AUDCAD had a cross on the indicator, and it had also maintained a bearish trend for days, as my strategy indicated, and today the fundamentals helped a lot with the price development, in 30 minutes the price dropped about 60 pips suddenly.

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  • #255
  • Jul 31, 2024 1:12am Jul 31, 2024 1:12am
Quoting RiskFighter
@Jaime How is this happening. See the JPY curve on the M30 and H1. Is it repainting? {image} {image}

I really don't know, I would have to check it with more time, I have not detected that the indicator repaints because I use it in D1 and H4 time frames. The movements are much slower in those time frames. From what I see, the upward impulse of H1 with the Yen is the rise and fall in M30. Could you take a screenshot, close the chart and re-enter the indicator to confirm if it gives the same values?
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  • #256
  • Jul 31, 2024 1:35am Jul 31, 2024 1:35am
Yesterday I posted this entry due to the breakout of the EURNZD upward trend and it seems to be going well, we'll see how far it goes haha.
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This entry has a different lot size because it is in a 16 dollar account, yes 16 dollars, it only survives on the margin that my credentials give me for a 6,000 dollar account that I humbly obtained in FundedNext.
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You can also see the operation and the entries in my profile
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  • #257
  • Jul 31, 2024 1:37am Jul 31, 2024 1:37am
Quoting RiskFighter
{quote} I have to admit: I am not like other people. I don't give a damn in volume and volatility. I am concerned only at when the trend begin and ends. Here is the best pair today. AUDNZD. Signal 3:45 CET. RR 1:8 {image}

I loved your answer, I practically think the same, only with swing approaches and your Scalping
  • #258
  • Jul 31, 2024 1:41am Jul 31, 2024 1:41am
Quoting RiskFighter
@Jaime I have another thread going. There I show my exact trading strategy. I call it MIKA after the woman who shared the method in a very old and closed thread. And for the time being I have a very interesting discussion about Currency Strength Trading with Zorox. I think you should take a look.

I think I'll take a look at it over the weekend when I'm freer. I want to spend all Saturday studying the strength of currencies with the thread I shared with you a few days ago, it's the thread where I got the currency strength indicator.
Thank you very much and we'll be working together here.
When I make my first withdrawal of 10,000 dollars I'll go to Ireland to study English.
  • #259
  • Jul 31, 2024 1:48am Jul 31, 2024 1:48am
By the way, the NZDJPY took me out in SL, now I don't understand what it will do. That's how it is


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  • #260
  • Jul 31, 2024 2:09am Jul 31, 2024 2:09am
Entry into GBPCHF for the second time but now with confirmation from the Currency Strength Indicator.
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I had already taken out of SL by entering before confirmation
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