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

  • #261
  • Jan 16, 2016 2:48am Jan 16, 2016 2:48am
Quoting Edd Ganuelas
{quote} 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
I do not know what trade do you mean. If you have a special question post the screenshot.
In general we try to go with the trend that means the higher TF has to be synchronized but there are also pullback and reversal trades this needs some more experience.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #262
  • Jan 16, 2016 2:53am Jan 16, 2016 2:53am
Quoting Bernhard
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. {image} 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...
Hi Bernhard

to me, all have double gap except any pair related to GBP. is it correct. I am still confused in determining the double Gap.
  • #263
  • Jan 16, 2016 4:01am Jan 16, 2016 4:01am
Quoting Kavneet
{quote} Hi Bernhard to me, all have double gap except any pair related to GBP. is it correct. I am still confused in determining the double Gap.
Please reread post 1 and 2 there are many examples and many other in this thread.

Quoting Bernhard
A double GAP means 2 separated triggers so we look at quote and base currency separated:
Currency A is weak and currency B is strong,
or currency A is strong and currency B is weak.
This applies to every TF (analyses in multi TF we will see later!).
I also like to see a clear direction and slope.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #264
  • Jan 16, 2016 5:05am Jan 16, 2016 5:05am
Quoting Lightheart
{quote} 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...
Ah i understand, makes sense then. As regards to fooling itself, there is no such thing, there really is significant (with capital S) difference in spreads if you compare broker like Oanda or for example the one that i use ICM. Yes i do pay commission but even with that its far less than what is payed spread on cross pair on Oanda. If you trade high TFs that wont matter much, but on low TFs its almost a deal breaker.
  • #265
  • Jan 16, 2016 8:56am Jan 16, 2016 8:56am
Homework Assignment: EURAUD entry long. I marked each chart with a RED UP ARROW representing the same moment in time on each of the five charts shown. The four CStrength28 charts are the H1/M15/M5/M1.

Attached Image (click to enlarge)
Click to Enlarge Name: Sample6.jpg Size: 1.5 MB
  • #266
  • Jan 16, 2016 1:58pm Jan 16, 2016 1:58pm
Quoting Lightheart
Homework Assignment: EURAUD entry long. I marked each chart with a RED UP ARROW representing the same moment in time on each of the five charts shown. The four CStrength28 charts are the H1/M15/M5/M1. {image}
Yes EURAUD was one of the best setups, well done.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #267
  • Jan 17, 2016 4:08am Jan 17, 2016 4:08am
Quoting Bernhard
The first steps if you like to work with 28 pairs and currency strength! Fill the history data of your mt4 platform with all pairs and all TFs. How to do this? If it is the first time to update then I use safed profiles. So now many people are not used to profiles what is this? You do (hopefully) know how to safe a template of a chart and reload this template on a new chart. Now a profile is just one level higher. It safe all the charts you have open at that time with all the different templates on and all the TFs....
I think I forget the Update quotes Monthly. For those trading longer term.
If it is new to you go back to post 188 + 190
Attached File(s)
File Type: zip Update quotes Monthly.zip   19 KB | 585 downloads
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #268
  • Jan 17, 2016 10:09pm Jan 17, 2016 10:09pm
Quoting Bernhard
{quote} Good morning pabuuu crossing of NULL level is not an entry trigger. Crosses of NULL happen all the time this is just a information that the sentiment is changed. For entry I use only double GAP as explained before.
Hi Bernhard:
As pabuuu mentioned, Gap and Cross alerts would be very nice.
I sure hope it's got implemented in the future.
Thanks !!

Attached Image (click to enlarge)
Click to Enlarge Name: Double Gap.png Size: 119 KB
  • #269
  • Jan 17, 2016 10:25pm Jan 17, 2016 10:25pm
Quoting Bernhard
{quote} Yes EURAUD was one of the best setups, well done.
Monday, Asia opens, EURAUD M15 moved close to 200 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 2016-01-17_23-20-17.png Size: 119 KB
  • #270
  • Jan 18, 2016 12:15am Jan 18, 2016 12:15am
Quoting pax
{quote} Monday, Asia opens, EURAUD M15 moved close to 200 pips. {image}
Hi Pax,
What is the orange-yellow indicator you have? Thanks.
  • #271
  • Jan 18, 2016 12:33am Jan 18, 2016 12:33am
Amazing indicator !!!
  • #272
  • Jan 18, 2016 1:30am Jan 18, 2016 1:30am
Quoting yesbee1
{quote} Hi Pax, What is the orange-yellow indicator you have? Thanks.
yesbee1:
It is the 72 Hull Moving Average.
http://www.forexfactory.com/showthre...19#post8516619
  • #273
  • Jan 18, 2016 1:35am Jan 18, 2016 1:35am
Quoting pax
{quote} Monday, Asia opens, EURAUD M15 moved close to 200 pips. {image}
Really nice chart layout.
What are are all the indicators?
Can you share your template without the indicator from bernhard?

Thank

Michael
Perfection is the enemy of good enough!
  • #274
  • Jan 18, 2016 2:23am Jan 18, 2016 2:23am
Quoting MichaelSch
{quote} Really nice chart layout. What are are all the indicators? Can you share your template without the indicator from bernhard? Thank Michael
MichaelSch:
Pair info: http://www.forexfactory.com/showthread.php?t=409384
Daily candle & pivots: http://www.forexfactory.com/showthre...74#post5536674
Stoch info: http://www.forexfactory.com/showthre...99#post8628499
Market sessions: http://adamjowett.com/2014/07/forex-...ators-minutes/
ADR marker: http://www.forexfactory.com/showthre...96#post8678196
  • #275
  • Jan 18, 2016 2:27am Jan 18, 2016 2:27am
Quoting pax
{quote} MichaelSch: Pair info: http://www.forexfactory.com/showthread.php?t=409384 Daily candle & pivots: http://www.forexfactory.com/showthre...74#post5536674 Stoch info: http://www.forexfactory.com/showthre...99#post8628499 Market sessions: http://adamjowett.com/2014/07/forex-...ators-minutes/ ADR marker: http://www.forexfactory.com/showthre...96#post8678196

Really great and simple!

Many thanks.

Michael
Perfection is the enemy of good enough!
  • #276
  • Edited 2:51am Jan 18, 2016 2:30am | Edited 2:51am
Quoting pax
{quote} Monday, Asia opens, EURAUD M15 moved close to 200 pips. {image}
Very well done.
Currency cross and NULL cross are additional information and confirmations if we have a double GAP before.
In your example there was a double before and a second double GAP as a confirmation this are good setups. And with look at the higher TF there was a double GAP in higher TF h1 earlier on Friday.
Also h4 show double GAP, but not D1 and its counter weekly.
Attached Image (click to enlarge)
Click to Enlarge Name: Ehhr6To.png Size: 37 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #277
  • Edited 3:14am Jan 18, 2016 2:58am | Edited 3:14am
Quoting yesbee1
{quote} Hi Pax, What is the orange-yellow indicator you have? Thanks.
I explained here many times when we have a signal then the trader switch to the chart he can apply any trading system he is used to it. If you like to use more funny indicators which we do not need here because the signal is already given then use it on you own and only to get the perfect entry point on a possible pullback and/or the perfect TP if you like see were is the next resistance or SD zone. I don't want fill this thread with all that details as all FF forum is full with it. So please stay to the subject of this thread.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #278
  • Jan 18, 2016 3:15am Jan 18, 2016 3:15am
Hi Bernhard. Nice thread. I sent you a PM quite some time ago. Can you check please?
  • #279
  • Jan 18, 2016 3:23am Jan 18, 2016 3:23am
Quoting Bernhard
{quote} I explained here many times when we have a signal then the trader switch to the chart he can apply any trading system he is used to it. If you like to use more funny indicators which we do not need here because the signal is already given then use it on you own and only to get the perfect entry point on a possible pullback and/or the perfect TP if you like see were is the next resistance or SD zone. I don't want fill this thread with all that details as all FF forum is full with it. So please stay to the subject of this thread.
  • #280
  • Jan 18, 2016 3:31am Jan 18, 2016 3:31am
Good morning everyone,

I
Attached Image (click to enlarge)
Click to Enlarge Name: Muu6wh1.png Size: 46 KB





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