28pair Currency Strength double-GAP Momentum Strategy | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Double Top, Double Bottom Fallacy 11 replies

Gap Up and Gap Down terminology 8 replies

Double it Then Double it Again - Swing Trading 4H 0 replies

need a programmer to program an alert for double tops and double bottoms 10 replies

Double Tops & Double Bottoms - How do you tackle them? 0 replies

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

28pair Currency Strength double-GAP Momentum Strategy

  • #241
  • Jan 15, 2016 4:14am Jan 15, 2016 4:14am
Quoting janpec1000
Longed NCHF 06428, m1 bottoming structure, m15 strenght indie signal. Re-shorted ECAD 5804.
NCHF closed -3 (highs failed to break), ECAD stoped on BE SL. Got 12 pips on GJ.
Attached Image (click to enlarge)
Click to Enlarge Name: vqJPS0i.png Size: 42 KB
  • #242
  • Edited 5:55am Jan 15, 2016 4:26am | Edited 5:55am
+18 EURAUD and +10 on EURCAD just now using the M15/M5/M1 time frames. The four strength meters are the H1/M15/M5/M1. Both pairs went on to make over 40 pips, but I had (unfortunately) already gotten out.

Attached Image (click to enlarge)
Click to Enlarge Name: Sample1.jpg Size: 1.4 MB
Attached Image (click to enlarge)
Click to Enlarge Name: Sample2.jpg Size: 1.4 MB


Added another 21 pips on the EURAUD . . .

Attached Image (click to enlarge)
Click to Enlarge Name: Sample3.jpg Size: 1.5 MB
  • #243
  • Jan 15, 2016 4:29am Jan 15, 2016 4:29am
Friday or just before NY.
Attached Image
info@metacharttools,com
  • #244
  • Jan 15, 2016 5:00am Jan 15, 2016 5:00am
Quoting Hotpotato
Friday or just before NY. {image}
Like a coiled snake waiting in the weeds! LOL
  • #245
  • Edited 6:13am Jan 15, 2016 5:29am | Edited 6:13am
EDIT: Nwm news time.

We could see some USD drop in next days, structure would agree.
Attached Image (click to enlarge)
Click to Enlarge Name: GnFDgGN.png Size: 62 KB


Time to get in NCHF longs, bottom is in, also at same time m15 currency indie signal to long.
Attached Image (click to enlarge)
Click to Enlarge Name: RtHFc14.png Size: 86 KB
  • #246
  • Edited 6:45am Jan 15, 2016 6:14am | Edited 6:45am
Quoting janpec1000
EDIT: Nwm news time. We could see some USD drop in next days, structure would agree. {image} Time to get in NCHF longs, bottom is in, also at same time m15 currency indie signal to long. {image}
Small drop or bounce depending on the news.
But it is about how many pips you are going for.
CStrength28 is an excellent scalper.
Attached Image (click to enlarge)
Click to Enlarge Name: usdsmalldrop.PNG Size: 29 KB
info@metacharttools,com
  • #247
  • Jan 15, 2016 7:00am Jan 15, 2016 7:00am
Quoting janpec1000
EDIT: Nwm news time. We could see some USD drop in next days, structure would agree. {image} Time to get in NCHF longs, bottom is in, also at same time m15 currency indie signal to long. {image}
Here it goes, +35 on NCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: kA1LBJQ.png Size: 68 KB



USD also droping as expected, got long on EU going, BE SL set in in case if fliped resistance fails.
Attached Image (click to enlarge)
Click to Enlarge Name: eYCf0Xs.png Size: 45 KB
  • #248
  • Jan 15, 2016 7:14am Jan 15, 2016 7:14am
Quoting jpadvisor
{quote} I just told. LOL. You can download it from there: http://www.forexfactory.com/showthre...92#post8664592
Thanks
  • #249
  • Edited 9:00am Jan 15, 2016 8:17am | Edited 9:00am
EA setup for short, m5 strenght indie also points for possible shorting.
Attached Image (click to enlarge)
Click to Enlarge Name: GCDJwwn.png Size: 76 KB


EDIT: Closed -12 pips, broke higher.
  • #250
  • Jan 15, 2016 9:49am Jan 15, 2016 9:49am
I waited on that reversal down on the EURAUD until it reached its extreme high (at least at the moment!!). A quick 33 pips were had bringing today's total to nearly 100 pips! Nice way to finish off the week!

Attached Image (click to enlarge)
Click to Enlarge Name: Sample5.jpg Size: 1.6 MB
  • #251
  • Jan 15, 2016 9:50am Jan 15, 2016 9:50am
Yesterday and even for today, I had not much time for trading so instead of looking for the Gaps ... I just checked the Signals for the strong and weak currency and trade the reversal as a basket ... yesterday morning was JPY and EUR, today CAD. The Signal image from yesterday morning I attach, from today I could not copy, TP 30 USD. As I check the results, the worrying is the time till all orders closed (see file) and the spread. I guess I will continue and test the Signal as trigger for a basket the coming weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy01.png Size: 113 KB
Attached File(s)
File Type: txt gap trades 15 01 2016.txt   6 KB | 428 downloads
  • #252
  • Jan 15, 2016 10:08am Jan 15, 2016 10:08am
Quoting Lightheart
I waited on that reversal down on the EURAUD until it reached its extreme high (at least at the moment!!). A quick 33 pips were had bringing today's total to nearly 100 pips! Nice way to finish off the week! {image}
Great.

But it would help the other GAP traders to explain as why did you decide to focus on the euraud pair ?
What got your attention ?
info@metacharttools,com
  • #253
  • Jan 15, 2016 10:11am Jan 15, 2016 10:11am
Quoting Lightheart
I waited on that reversal down on the EURAUD until it reached its extreme high (at least at the moment!!). A quick 33 pips were had bringing today's total to nearly 100 pips! Nice way to finish off the week! {image}
Yes this was nice and quick setup
EURAUD 70 pip
m15 and h4 in agreement
double GAP in two TFs
Attached Image (click to enlarge)
Click to Enlarge Name: 4OEhRce.png Size: 75 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #254
  • Jan 15, 2016 10:15am Jan 15, 2016 10:15am
Quoting Hotpotato
{quote} Great. But it would help the other GAP traders to explain as why did you decide to focus on the euraud pair ? What got your attention ?
EURAUD is one of the primary pairs I trade in addition to EURCAD, EURNZD, GBPAUD, GBPJPY. While the spreads on some of these are large (I use Oanda and reside in the US), the ADRs make it worth it. 5 day ADRS: EURAUD = 340; EURCAD = 246; EURNZD = 342 as some examples. I elected to trade the EURAUD due to, among other things, the CStrength28 indicators (H1/ M15/M5/M1) and the configuration of the Guppy MAs. The indicator shown in the middle of my chart area is Dean Malone's TDI Pro which helps me to understand price action. Today was actually the first day I have ever traded the M1 chart and only did so as a result of seeing Bernhard's screenshot of the M15/M5/M1 CStrength28 time frames that he posted here earlier today.
  • #255
  • Jan 15, 2016 10:30am Jan 15, 2016 10:30am
Quoting Lightheart
{quote} EURAUD is one of the primary pairs I trade in addition to EURCAD, EURNZD, GBPAUD, GBPJPY. While the spreads on some of these are large (I use Oanda and reside in the US), the ADRs make it worth it. 5 day ADRS: EURAUD = 340; EURCAD = 246; EURNZD = 342 as some examples. I elected to trade the EURAUD due to, among other things, the CStrength28 indicators (H1/ M15/M5/M1) and the configuration of the Guppy MAs. The indicator shown in the middle of my chart area is Dean Malone's TDI Pro which helps me to understand price action. Today was actually...
Woah you trade crosses with Oanda? They surely are happy taking your spreads. I dont understand btw why would you stick with Oanda and giving that money to their charity, unless you are US resident and have to stick with 50:1 leverage rules.
  • #256
  • Jan 15, 2016 11:18am Jan 15, 2016 11:18am
Quoting janpec1000
{quote} Woah you trade crosses with Oanda? They surely are happy taking your spreads. I dont understand btw why would you stick with Oanda and giving that money to their charity, unless you are US resident and have to stick with 50:1 leverage rules.
Jan . . see above where I disclose that I reside in the US. No 400:1 leverage for me . . . . 50:1 is the best one can do (or worst depending on one's perspective!). I find many traders fool themselves declaring they trade with low spreads when in fact they are also charged an additional commission. Your mileage may vary. The other consideration in my mind is the assessment whether the broker being used in this unregulated activity is more trustworthy than others touting perhaps lower spreads. But let me be clear . . . I am no professional when it comes to trading the FX, and I do not hold myself out as having all the answers . . . FAR FROM IT.

;-)

Hope all had some nice trades to end the week.
  • #257
  • Jan 15, 2016 12:26pm Jan 15, 2016 12:26pm
How many charts we need to watch 28 pairs? 28?
How many charts we need to watch 28 pairs in 2 time frames? 56?
No not at all !!
TWO CHARTS !! One chart for each TF to watch 28 pairs !!

This was about after London Open H1. We see what is trend direction of each currency.

Attached Image (click to enlarge)
Click to Enlarge Name: AvLXoae.png Size: 45 KB


So we have USD EUR CHF JPY up
and AUD CAD down
this give us 8 possible pairs to trade.
Question: Someone will tell it please what pairs that are and what is direction.

Then we watch smaller TF to see if we get a double GAP in agreement of the sentiment.
Question: post examples from today.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #258
  • Jan 15, 2016 2:34pm Jan 15, 2016 2:34pm
I assume this is our homework again:

Here my answers:

AUDUSD down
USDCAD up
EURAUD up
EURCAD up
AUDCHF down
CADCHF down
AUDJPY down
CADJPY down
  • #259
  • Jan 15, 2016 7:53pm Jan 15, 2016 7:53pm
Quoting Bernhard
Thank you all for your support. Already donations have arrived and copies of indicator have been sent out. Too many PMs Soon we will start and go more into practice of the system. I run CStrength28 on a second screen and a second mt4 to have the market in one eye. in 3 TFs. m5 m15 and h1 if you trade longer TFs you can apply to higher TFs. I prefer intraday. Grey crosses is market momentum. If market m5 momentum drops below market fibonacci 50 level stop looking for trend. Market is now consolidated. Very likely SR will hold or pullbacks happen....
Bernhard,

Just came across your trade. It seems interesting. Just want to ask one question, If I am not mistaken your working time frame is m5. How do you come up with your analysis for entry, when your data is different in the other time frame (m15 & H1), like EUR is up and US is down; but on the higher tf, the reading is different?

Thank you
  • #260
  • Jan 16, 2016 12:41am Jan 16, 2016 12:41am
Quoting Gela
I assume this is our homework again: Here my answers: AUDUSD down USDCAD up EURAUD up EURCAD up AUDCHF down CADCHF down AUDJPY down CADJPY down
Correct, well done.

Still I wait someone to answer second question.
Then we can do some more analyses discussions over the weekend.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
2 traders viewing now