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Trading system using relative strength

  • #1,921
  • Jun 14, 2011 8:03pm Jun 14, 2011 8:03pm
Here is the full window with all the times at 9pm EST the 4 hour bar just flipped.

Attached Image (click to enlarge)
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  • #1,922
  • Jun 14, 2011 8:06pm Jun 14, 2011 8:06pm
Quoting umpats
Dear Cocoth,

Can u please help me to send this type of template which mention current and past histogram.

Thanks in advance.

Umesh Patel
Send where ?
  • #1,923
  • Jun 14, 2011 8:27pm Jun 14, 2011 8:27pm
I just closed tonight's basket for +76.4 pips. It was only 5 trades so I only went for 75 pips whereas when I have 7 or 8 trades I usually go for 100 pips or so.

Attached Image (click to enlarge)
Click to Enlarge Name: 6-14-Trades.jpg Size: 92 KB
Always a Student, Never a Master - Emulate What Works
  • #1,924
  • Jun 14, 2011 8:40pm Jun 14, 2011 8:40pm
Robin Hood - I did not go back and look at your previous posts to see your setup. Can you state your setup or reference the post? Also what are you using to grab your 75 pips or 100? Are you just watching or using a tool? Thanks...
  • #1,925
  • Jun 14, 2011 8:42pm Jun 14, 2011 8:42pm
Minnelli,

Read post #1898, saves me from saying it all again.
Always a Student, Never a Master - Emulate What Works
  • #1,926
  • Jun 14, 2011 8:48pm Jun 14, 2011 8:48pm
Quoting cocoth
Send where ?
Dear Cocoath,

please send to [email protected]

thanks,

Umesh Patel
  • #1,927
  • Jun 14, 2011 8:52pm Jun 14, 2011 8:52pm
Quoting umpats
Dear Cocoath,

please send to [email protected]

thanks,

Umesh Patel
Sorry Umesh for the mis-understanding, but I do not understand what you want.

If it is a template, then I guess you can take it directly from the Forum, there is plenty.
  • #1,928
  • Jun 14, 2011 8:59pm Jun 14, 2011 8:59pm
Quoting cocoth
Sorry Umesh for the mis-understanding, but I do not understand what you want.

If it is a template, then I guess you can take it directly from the Forum, there is plenty.

I installed the template but it not showing the current and previous H4 and D1 histogram, it shows histogram of each H4 and D1.

so i need the template what u posted in your post #1918.

thanks in advance.

Umesh Patel
  • #1,929
  • Jun 14, 2011 9:06pm Jun 14, 2011 9:06pm
Quoting ES Trader
At Todays open ( Trading session 6/14/- 6/15)

There was buy on GBP and sell on AUD , EUR and NZD.

So open

Sell AUDUSD
Sell EURUSD
Buy GBPUSD
Sell NZDUSD

Then immediately open NON CORRELATED pair against them
That would be

Buy EURAUD
Buy USDCHF
Sell USDCAD
Buy USDJPY

Hope i am clear in my explanation
Sorry ES Trader, I didn't get the point
  • #1,930
  • Jun 14, 2011 9:15pm Jun 14, 2011 9:15pm
Quoting ES Trader
1. Go to CCFP at the beginning of the day and look for the trend of any currency. I like AUD, EUR, GBP and NZD

2. Then open them according to the signal as in CCFP.( Buy/sell)

3 Then Open a Non correlated pair against it.
Which exact CCFP version of the indicator are you using?

What settings are you using?

What time frame are you using?

What does "Open a Non correlated pair against it" mean exactly? I understand non-correlated but does "against it" mean that if you buy the first one, then you sell the non-correlated pair? I guess I just don't see WHY opening a non-correlated pair against means that one or both should win. Can you explain the thought process behind why it works?

How do you decide when to close the two pairs?
Always a Student, Never a Master - Emulate What Works
  • #1,931
  • Jun 14, 2011 9:31pm Jun 14, 2011 9:31pm
Quoting RobinHood
What does "Open a Non correlated pair against it" mean exactly? I understand non-correlated but does "against it" mean that if you buy the first one, then you sell the non-correlated pair? I guess I just don't see WHY opening a non-correlated pair against means that one or both should win. Can you explain the thought process behind why it works?

How do you decide when to close the two pairs?
RH, you beat me to it. To me it would make sense to open a non-correlated pair in the same direction, not the opposite. I'm eager to see ES's reply...
To improve is to change. To perfect, is to change often.
  • #1,932
  • Jun 14, 2011 9:47pm Jun 14, 2011 9:47pm
Quoting RobinHood
Which exact CCFP version of the indicator are you using?

What settings are you using?

What time frame are you using?

What does "Open a Non correlated pair against it" mean exactly? I understand non-correlated but does "against it" mean that if you buy the first one, then you sell the non-correlated pair? I guess I just don't see WHY opening a non-correlated pair against means that one or both should win. Can you explain the thought process behind why it works?

How do you decide when to close the two pairs?
I dont get it either. Looking at the trades you opened you have exposure to:

USD/GBP/CAD-- LONG
AUD/NZD/JPY/CHF--SHORT

Does that match up with your D1 histo?
  • #1,933
  • Jun 14, 2011 11:12pm Jun 14, 2011 11:12pm
Quoting Minnelli
Here is the full window with all the times at 9pm EST the 4 hour bar just flipped.

Attachment
Hi
Nice template!
Can you share it with us,please?
  • #1,934
  • Jun 14, 2011 11:25pm Jun 14, 2011 11:25pm
Quoting slovforex
Hi
Nice template!
Can you share it with us,please?
Oh, Good Grief!!!
To improve is to change. To perfect, is to change often.
  • #1,935
  • Jun 15, 2011 12:01am Jun 15, 2011 12:01am
Quoting slovforex
Hi
Nice template!
Can you share it with us,please?
I actually just killed that template because I didn't wan the h1 any longer. Sorry but if you put the CCFp_Diff_[v2.0] indi on a chart it will look like that. Here is the catch if you ad the indi a second time change the Indicator ID to 2 and 3 etc. Also I space my x axis 200 pixels. So on my old template the first indi was a t 0 then 200, 400, 600, 800, 1000.

Hope that helps.
  • #1,936
  • Jun 15, 2011 3:26am Jun 15, 2011 3:26am
Quoting ES Trader
here is the chart and CCfp indicator
Es Trader,
can someone help me load ferrufx indicator, so it shows the multiple time frames as displayed in his attachment. When I load ccfp it shows/displays only the 4hr timeframe..Please help thank you for your time and consideration
  • #1,937
  • Jun 15, 2011 3:30am Jun 15, 2011 3:30am
Hello,

I am not a active member of this thread, but from last two week i read the forum and try to understand and implement and happy to contribute in this forum.

A big thanks to ES,FH,RH and CC for the lot of contribution in this thread.

now from this week i start this trading systme in the demo and found quite progressive.

kindly request to all the seniors and member to post their current basket with the histogram so we newcomers match with our order and become a quite confident about our basket.

Umesh Patel
  • #1,938
  • Jun 15, 2011 4:49am Jun 15, 2011 4:49am
Hello everyone,
This is my first post, and I have been reading the thread for the past 3 weeks, honestly I haven’t finished reading it but I have started to use the system. It looks promising and I have made some profit and some losses over the trading system – As I am trying to teach myself this system and trying to build a concept, I have a few questions for ES and FH but before that I would like to apologies if these questions have already been answered and it missed my eye.

Could you please correct the below wherever you find it wrong?

  1. This trading system uses a relative strength concept – which at this point in my mind means, if a currency (USD) is strong (Green +3 or above) on the current, non MA chart and the second currency (EUR) is weak (Red +3 or above) based on a daily histogram (4H or D1) then EUR/USD = short/sell and at the same time EUR/USD should appear to be showing a buy/long signal on the MA chart- non current (4H or D1).


With the above basic concept being true, the second part comes into play which is the entry time.

  1. Entry for a 4H signal from the above posts is based on new 4H bars and entry is made 10-15 minutes after the new bars have appeared. Whereas, entry for the D1 signal is made 30-40 minutes after the new D1 bars have appeared. (although I am not sure, but from what I have tested and seen this seems to be case , I would appreciate if you could confirm this either in the yes / no – thanks)

  1. Finally, my last question is which again comes from trading this system for three weeks day and night. Is there a possibility to trade reversals if the pair on the daily chart are below -7 or above +7, on a D1 current histogram, when there are about 6-7 hrs of time left before the new D1 current bars appear? This may seem an absurdly stupid question and please accept my apologies for this but an answer would be much appreciated.


Example being – GBP = +8 , USD = - 8, on a D1 current chart – with 6 hrs to go before the market closes
From what I think in my mind, GBP is approaching it maximum buy limit, and USD is approaching its maximum sell limit therefore a GBP/USD = buy will be wrong at this time and it should be sell as the prices will reverse over ?

Thanks,

  • #1,939
  • Jun 15, 2011 5:09am Jun 15, 2011 5:09am
see how all the pairs in red circle are going? ...
Attached Image (click to enlarge)
Click to Enlarge Name: ww25.4 trade5.JPG Size: 207 KB
  • #1,940
  • Jun 15, 2011 5:17am Jun 15, 2011 5:17am
Hi,
Is there anyone having an indicator which displays the number of pips done on the open trades ?

It could help to know if we have reached 100 pips on 1 sight instead of using the terminal to calculate that.

I have been trying to find it on the Net, but couldn't find anything. The indicator doesn't have to display the Pip value, only the Pip counter.

Thanks to inform
Cocoth
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