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Trading system using relative strength

  • #2,361
  • Feb 27, 2013 9:43am Feb 27, 2013 9:43am
if one wants to trade on lower time frame, try using murray math indicator along with CCFP.
Seem to help with better entry and exit
Attached Image (click to enlarge)
Click to Enlarge Name: eud.gif Size: 310 KB
  • #2,362
  • Feb 27, 2013 9:50am Feb 27, 2013 9:50am
Another chart
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 70 KB
  • #2,363
  • Feb 27, 2013 10:15am Feb 27, 2013 10:15am
Quoting ES Trader
Another chart
Which version of ccfp are you using?
  • #2,364
  • Feb 27, 2013 10:35am Feb 27, 2013 10:35am
1.0.2
  • #2,365
  • Feb 27, 2013 10:44am Feb 27, 2013 10:44am
Quoting ES Trader
Haven't been here at FF for almost a year. Great to see many are still trading this system.
Still works quite good with not much of a change.
Instead of 4 hr chart I have been looking at daily,weekly and even monthly bars.
Great results on longer term bars.
Good Trading !!
Welcome back!
95% of the people don't believe 100% they can win, that's why they lose
  • #2,366
  • Feb 27, 2013 10:50am Feb 27, 2013 10:50am
Quoting ES Trader
1.0.2
Good stuff. Curious to see what this looks like after i run some tests.
  • #2,367
  • Feb 27, 2013 11:35am Feb 27, 2013 11:35am
yeah this system does very well
  • #2,368
  • Feb 27, 2013 12:54pm Feb 27, 2013 12:54pm
Please correct me if I'm wrong:

If a currency is set to 'false' 2 things seem to happen:

1. the currency is no longer displayed in the indicator window
2. The currency is taken out of the 'basket' calculation determining relative strength. This affects all other currencies

No 2. becomes most obvious when one disables all but 2 currencies - the graphs are mirror images of each other, which is because only that pair was used to determine relative strength/ weakness, other pairs have been ignored.

I would like a version of the indicator where only 1. takes place when a currency is set to false, and the calculation is unaffected.
  • #2,369
  • Feb 27, 2013 2:31pm Feb 27, 2013 2:31pm
Quoting arielkorber
...

I would like a version of the indicator where only 1. takes place when a currency is set to false, and the calculation is unaffected.
Set the index colors to None... except for those you want to see...
  • #2,370
  • Feb 27, 2013 2:33pm Feb 27, 2013 2:33pm


thank-you!

Quoting Akh12851
Set the index colors to None... except for those you want to see...
  • #2,371
  • Feb 27, 2013 6:55pm Feb 27, 2013 6:55pm
My preferred dashboard.
I trade trendline breaks as indicated.
For example the NZD and AUD recently broke their trendlines on the strength meter (see attached).
I traded these against the weak JPY and neutral USD
(there are other trades too)
Results 3hrs after placing trades so far....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dashboard.jpg Size: 199 KB
Click to Enlarge Name: trendline breaks.jpg Size: 26 KB
  • #2,372
  • Edited 7:28pm Feb 27, 2013 7:17pm | Edited 7:28pm
....and a few moments later...
note these are 0.1 lots

This is a selective approach versus the basket approach to trading the strength meter, picking only the likeliest pairs at their turning points, hoping to catch the very beginning of potential trends....
Attached Image (click to enlarge)
Click to Enlarge Name: trendline breaks 2.png Size: 4 KB
  • #2,373
  • Feb 28, 2013 4:03am Feb 28, 2013 4:03am
2AM EST today: the straw that broke the EUR's back.....
(Check any major EUR pair after this time)
Attached Image
  • #2,374
  • Feb 28, 2013 4:42am Feb 28, 2013 4:42am
Quoting arielkorber
2AM EST today: the straw that broke the EUR's back.....
(Check any major EUR pair after this time)
Hi arielkorber. Interesting approach.

regards,

Ronald
95% of the people don't believe 100% they can win, that's why they lose
  • #2,375
  • Feb 28, 2013 7:00am Feb 28, 2013 7:00am
CAD broke at 3-4am EST.
GBP was in gentle uptrend.

GBP/CAD chart shown with vertical lines denoting 3-4am EST
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad.png Size: 23 KB
Attached Images
  • #2,376
  • Feb 28, 2013 12:19pm Feb 28, 2013 12:19pm
Quoting arielkorber
2AM EST today: the straw that broke the EUR's back.....
(Check any major EUR pair after this time)

what indi is that ?
  • #2,377
  • Feb 28, 2013 1:48pm Feb 28, 2013 1:48pm
Quoting arielkorber
My preferred dashboard.
I trade trendline breaks as indicated.
For example the NZD and AUD recently broke their trendlines on the strength meter (see attached).
I traded these against the weak JPY and neutral USD
(there are other trades too)
Results 3hrs after placing trades so far....

can you post the trendline indicator your using ?
  • #2,378
  • Feb 28, 2013 1:54pm Feb 28, 2013 1:54pm
Quoting ES Trader
if one wants to trade on lower time frame, try using murray math indicator along with CCFP.
Seem to help with better entry and exit

and this one, can you post this as well ?
  • #2,379
  • Feb 28, 2013 2:34pm Feb 28, 2013 2:34pm
To Allisonmagic:

I'm using CCFp_v.1.0.2vert from this thread. (ie the relative strength indicator)

One line is displayed at a time, the other 7 lines have had their colour changed to 'none' as someone suggested in an earlier post.

I draw the trendline manually on the indicator and trade the break of the trendline, or just its general direction if its strong.

I have 8 charts tiled on the interface, each displaying a different currency: that's my dashboard.
Attached Images
  • #2,380
  • Feb 28, 2013 2:36pm Feb 28, 2013 2:36pm
Quoting arielkorber
To Allisonmagic:

I'm using CCFp_v.1.0.2vert from this thread. (ie the relative strength indicator)

One line is displayed at a time, the other 7 lines have had their colour changed to 'none' as someone suggested in an earlier post.

I draw the trendline manually on the indicator and trade the break of the trendline, or just its general direction if its strong.

thank you for the info, much appreciated
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