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Attachments: 28pair Currency Strength double-GAP Momentum Strategy
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28pair Currency Strength double-GAP Momentum Strategy

  • #161
  • Jan 11, 2016 3:26pm Jan 11, 2016 3:26pm
Bernhard,

I am struggling a little with the indicator today. Had a win and a loss. But that is okay. I have a question regarding that trade above: Why did you decide to pair CAD and JPY on these trades? I understand JPY but why not AUD? At first trade entry it was the most extreme on the outer side also with a slight hook up. Does that not make it stronger than CAD? And thanks for all your work here.
  • #162
  • Jan 11, 2016 5:02pm Jan 11, 2016 5:02pm
Quoting Gela
Bernhard, I am struggling a little with the indicator today. Had a win and a loss. But that is okay. I have a question regarding that trade above: Why did you decide to pair CAD and JPY on these trades? I understand JPY but why not AUD? At first trade entry it was the most extreme on the outer side also with a slight hook up. Does that not make it stronger than CAD? And thanks for all your work here.
I do not wont to fill the thread with many trades. There was a AUD trade but against EUR. Then you can not trade everything.
EURAUD 74 pip
closed on exit signal. EUR and AUD got a hook, AUD hit market 161 fibonacci retracement zone
Attached Image (click to enlarge)
Click to Enlarge Name: UjOZ8F6.png Size: 45 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #163
  • Jan 11, 2016 5:14pm Jan 11, 2016 5:14pm
I want to see if I understand your rules. In the chart above, the EURAUD trade, neither AUD or the MARKET SENTIMENT "x" line were ABOVE the FIB 50 level at your entry point, a level I understood was required prior to an entry. Did you simply enter a bit early, against your stated rules, or do I misunderstand your entry above. Thank you.
  • #164
  • Jan 11, 2016 5:55pm Jan 11, 2016 5:55pm
Quoting Lightheart
I want to see if I understand your rules. In the chart above, the EURAUD trade, neither AUD or the MARKET SENTIMENT "x" line were ABOVE the FIB 50 level at your entry point, a level I understood was required prior to an entry. Did you simply enter a bit early, against your stated rules, or do I misunderstand your entry above. Thank you.
No I never said a currency needs to be over market 50 fibonacci zone. Please read back again.
AUD and EUR came from opposite site and crossed the NULL line. Here we have a double GAP. Them apply time for the market, at London open market always wake up so don't worry about it.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #165
  • Jan 11, 2016 6:00pm Jan 11, 2016 6:00pm
Let me clarify (and repeat what I wrote above) . . .

". . . neither AUD or the MARKET SENTIMENT "x" line were ABOVE the FIB 50 level at your entry point."

Did you not earlier say we should wait until the Market Sentiment "x" line be ABOVE the FIB 50 level? In your sample trade above, unless I am misreading the chart, the Market Sentiment "x" line is not yet above the FIB 50 level when you entered the trade. Thank you.
  • #166
  • Edited Jan 12, 2016 1:52am Jan 11, 2016 6:36pm | Edited Jan 12, 2016 1:52am
Quoting Bernhard
{quote} No I never said a currency needs to be over market 50 fibonacci zone. Please read back again. AUD and EUR came from opposite site and crossed the NULL line. Here we have a double GAP. Them apply time for the market, at London open market always wake up so don't worry about it.
Session time! London open.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #167
  • Jan 12, 2016 3:44am Jan 12, 2016 3:44am
Hello,

My first trade was a loss. Then I cathed the good moves. Here I post my 2 trades in EURAUD. First was -19, second one +65.
Any commets?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB



cheers
TONI
  • #168
  • Jan 12, 2016 3:49am Jan 12, 2016 3:49am
Hi again,

I post now my other successful trade. Almost 20 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB




Any comments are wellcome. I don't know if I close too early....


TONI
  • #169
  • Jan 12, 2016 3:55am Jan 12, 2016 3:55am
And again. This was my first loss of today. Almost 20 pips. I just wanted to catch momentum but the market reversed.

Attached Image (click to enlarge)
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I wish I'll be a good student Bernhard...


TONI
  • #170
  • Jan 12, 2016 4:05am Jan 12, 2016 4:05am
Quoting forexdaist
Hello, My first trade was a loss. Then I cathed the good moves. Here I post my 2 trades in EURAUD. First was -19, second one +65. Any commets? {image} cheers TONI
Well done tony, I am in the same trade

still running now 100 pip.
Stoploss trailed above last candles because AUR got flattened.
Entry was on second swing this is pullback entry.
We had first strong double GAP then a pullback and resume into direction. With entry on pullback we have smaller risk for SL.
Attached Image (click to enlarge)
Click to Enlarge Name: naxe1qt.png Size: 42 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #171
  • Jan 12, 2016 4:30am Jan 12, 2016 4:30am
Hello Bernhard,

how set my indicator like in your picture?
The strong pairs have thicker lines, as the other ones.

In german: Wie kann ich das machen, das ich auch die unterschiedliche Strichstärke bekomme?


Many thanks!

Have a nice morning

Greets

Michael
Perfection is the enemy of good enough!
  • #172
  • Jan 12, 2016 4:30am Jan 12, 2016 4:30am
Quoting forexdaist
And again. This was my first loss of today. Almost 20 pips. I just wanted to catch momentum but the market reversed. {image} I wish I'll be a good student Bernhard... TONI
Wasn't this right the time of London open? Many reversal happen. I do not like enter a trade 5 minute before to 15 minute later.
About EUR the slope was not strong and was already at 100 fibo market.

Quoting MichaelSch
Hello Bernhard, how set my indicator like in your picture? The strong pairs have thicker lines, as the other ones. In german: Wie kann ich das machen, das ich auch die unterschiedliche Strichstrke bekomme? Many thanks! Have a nice morning Greets Michael
Hallo Michael,
leider hab ich die usernotes noch nicht auf deutsch da steht es. Setting “Line_Thickness_other6”, ändere auf 1.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #173
  • Jan 12, 2016 4:40am Jan 12, 2016 4:40am
trade still running
AUDJPY m5
strong double GAP then entry after pullback with second double GAP to confirm
SL trailed below last candles
Attached Image (click to enlarge)
Click to Enlarge Name: sxPm9gs.png Size: 39 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #174
  • Jan 12, 2016 4:44am Jan 12, 2016 4:44am
Quoting MichaelSch
Hello Bernhard, how set my indicator like in your picture? The strong pairs have thicker lines, as the other ones. In german: Wie kann ich das machen, das ich auch die unterschiedliche Strichstrke bekomme? Many thanks! Have a nice morning Greets Michael
Right click on your chart with the CStrength28 indicator, Select INDICATOR, Double click on CStrength28, click on INPUTS, change "LINE_THICKNESS_OTHER6" to a number one as in "1"
  • #175
  • Jan 12, 2016 5:04am Jan 12, 2016 5:04am
Would it be possible to add the ability to change the font size of the colored currency symbols and the word "MARKET" at the bottom of the screen? They are such big letters and block the view of the indicator chart lines at the bottom. It is difficult to see when they cross the 161 FIB line. Thank you.
  • #176
  • Jan 12, 2016 5:10am Jan 12, 2016 5:10am
Quoting Bernhard
trade still running AUDJPY m5 strong double GAP then entry after pullback with second double GAP to confirm SL trailed below last candles {image}
Ok. I see I didn't do so bad this morning....

Now I want to ask you, in this pullbacks do you refer why don't you get the opposite direction? I mean, whay don't you sell AUDJPY when the currencies cross near zero level? I'm just trying to learn all I can....


thank you Bernhard!
TONI
  • #177
  • Jan 12, 2016 5:55am Jan 12, 2016 5:55am
Quoting forexdaist
{quote} Ok. I see I didn't do so bad this morning.... Now I want to ask you, in this pullbacks do you refer why don't you get the opposite direction? I mean, whay don't you sell AUDJPY when the currencies cross near zero level? I'm just trying to learn all I can.... thank you Bernhard! TONI
Check the higher TF. It will give you a better picture.
AUDJPY trade closed. Both currencies got a hook.
EURAUD closed as well.
Attached Image (click to enlarge)
Click to Enlarge Name: oJq09UM.png Size: 39 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #178
  • Jan 12, 2016 7:19am Jan 12, 2016 7:19am
Setup on ECAD h4, possible decline to happen. Gona wait for retrace to short. Gap is not significant but technically there are enough signals to consider it.
Attached Image (click to enlarge)
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  • #179
  • Jan 12, 2016 8:31am Jan 12, 2016 8:31am
Quoting janpec1000
Setup on ECAD h4, possible decline to happen. Gona wait for retrace to short. Gap is not significant but technically there are enough signals to consider it. {image}
Got 15 pips from lower TF long.
Attached Image (click to enlarge)
Click to Enlarge Name: eMJQP19.png Size: 54 KB


Now looking for shorts.
  • #180
  • Jan 12, 2016 1:12pm Jan 12, 2016 1:12pm
Just a demo here. GJ M30 short 250 pips one day.
Sorry changed colours.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 87 KB
Per aspera ad astra
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