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

  • #281
  • Quote
  • Jan 18, 2016 4:51am Jan 18, 2016 4:51am
Quoting 23ray
Good morning everyone, I{image} took AUDJPY and it is still running
Nice job on those shorts, well caught. I am short currently NCHF multiple TF short setup.
  • #282
  • Quote
  • Jan 18, 2016 5:36am Jan 18, 2016 5:36am
Quoting Bernhard
{quote} 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. {image}
Hi Bernhard

" Currency cross and NULL cross are additional information and confirmations if we have a double GAP before"

I thought you only get double gap if the currency cross and going in opposite directions. Is it correct?
  • #283
  • Quote
  • Jan 18, 2016 7:23am Jan 18, 2016 7:23am
Quoting Kavneet
{quote} Hi Bernhard " Currency cross and NULL cross are additional information and confirmations if we have a double GAP before" I thought you only get double gap if the currency cross and going in opposite directions. Is it correct?
No. check those post 42 and 67
http://www.forexfactory.com/showthre...51#post8671051
http://www.forexfactory.com/showthre...78#post8674578

If in higher TF the cross not JET have happened it will be on lower TF to find.
But for the double GAP itself a cross is not a rule.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #284
  • Quote
  • Jan 18, 2016 8:17am Jan 18, 2016 8:17am
Quoting janpec1000
{quote} Nice job on those shorts, well caught. I am short currently NCHF multiple TF short setup.
NCHF stoped out -5.
  • #285
  • Quote
  • Jan 18, 2016 9:15am Jan 18, 2016 9:15am
Quoting janpec1000
{quote} NCHF stoped out -5.
Stopped out on what ?
Still going down.
info@metacharttools,com
  • #286
  • Quote
  • Jan 18, 2016 9:49am Jan 18, 2016 9:49am
Quoting Hotpotato
{quote} Stopped out on what ? Still going down.
I know janpec and nobody who trades like him, like champion price action. No SL bigger then 2-5 pip, perfect entries on support resistance or highs and lows.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #287
  • Quote
  • Jan 18, 2016 9:55am Jan 18, 2016 9:55am
US Session market is so quiet and so M5/M15/H1 charts. Maybe Martin Luther King Holiday. Will continue trading tomorrow.
  • #288
  • Quote
  • Jan 18, 2016 10:19am Jan 18, 2016 10:19am
Quoting niagara33
US Session market is so quiet and so M5/M15/H1 charts. Maybe Martin Luther King Holiday. Will continue trading tomorrow.
Thats what the indicator show you nowhere you can find. market momentum falls below 23 Market Fibonacci Level. So the market is flat.
Market momentum and market Fibonacci are my own inventions
Attached Image (click to enlarge)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #289
  • Quote
  • Jan 18, 2016 1:16pm Jan 18, 2016 1:16pm
Today was quite as we had bank holidays in US.
Here CADJPY m5 h1 setup was a little powerless. Why I show it here is to learn when we have to close a trade. Do not wait until the price comes back all the way to your entry point. m5 showed a hook and h1 got flat so that was the point when I closed the trade.
Why I did not trade the "cross" and went short? I'm sure someone would ask, as for me a cross is not a trigger just a information. No I did not go short because h1 trend was a long and this was a trade on a pullback in direction of h1.
Attached Image (click to enlarge)
Click to Enlarge Name: e4GziGd.png Size: 60 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #290
  • Quote
  • Jan 18, 2016 1:19pm Jan 18, 2016 1:19pm
Quoting Bernhard
{quote} Thats what the indicator show you nowhere you can find. market momentum falls below 23 Market Fibonacci Level. So the market is flat. Market momentum and market Fibonacci are my own inventions {image}
Bernhard . . .

1] do you require the Market Momentum "x" line to be ABOVE FIB 23 or FIB 50 level before you enter a trade? I thought I recall your saying you needed the "x" line to be above the FIB 50 level.

2] If using the H1/M15/M5 time frames, which time frame must meet your momentum criteria as answered in 1] above?

Thank you.

JEff
  • #291
  • Quote
  • Jan 18, 2016 2:39pm Jan 18, 2016 2:39pm
Quoting Lightheart
{quote} Bernhard . . . 1] do you require the Market Momentum "x" line to be ABOVE FIB 23 or FIB 50 level before you enter a trade? I thought I recall your saying you needed the "x" line to be above the FIB 50 level. 2] If using the H1/M15/M5 time frames, which time frame must meet your momentum criteria as answered in 1] above? Thank you. JEff
I use m5 TF to tell if market is flat as I trade more intraday. Yes you remember right if market cross is above 50 Market Fibonacci Level is good momentum (only exception is before London Open market will wake up). So now in late hours if market comes from higher and drops back into 50 Market Fibonacci Level we can still get some pullback or reversal trades but below 23 Market Fibonacci Level we go to sleep. Got it?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #292
  • Quote
  • Jan 18, 2016 3:15pm Jan 18, 2016 3:15pm
Quoting 23ray
Good morning everyone, I{image} took AUDJPY and it is still running
closed the trade with nice profit

Attached Image (click to enlarge)
Click to Enlarge Name: 2D9747Y.png Size: 34 KB
  • #293
  • Quote
  • Jan 18, 2016 9:41pm Jan 18, 2016 9:41pm
Quoting 23ray
{quote} closed the trade with nice profit {image}
hi

What is this BLUE and Orange candles means? is it a different indicator?
  • #294
  • Quote
  • Edited 10:10pm Jan 18, 2016 9:58pm | Edited 10:10pm
After 20 minutes of China data on 02.00 GMT, M5/M15/H1 formed a good position to trade. I sold AUD/JPY and bought EUR/AUD. (Not with NZD caused spread of my broker is widen for NZD pair)
Closed with profit.
(Sorry I do not know how to locate/copy picture to this thread).

Usually I trade in a short time period (10-15 minutes) based on M5/M15/H1 charts.
Ever tried longer time by using M15/H1/H4 or H4/D1, but it needs more sufficient margin and bigger SL. Also it may be influenced by high impact news.

That's my opinion.
Do you have?
  • #295
  • Quote
  • Jan 19, 2016 3:43am Jan 19, 2016 3:43am
Been using the ccfp (currency strength) indicator with the same concepts. Works like a charm as well.

Charts are 30m,1hr,4hr
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot-7008901: OANDA-v20 Practice - Demo Account - USDCAD,M30.png Size: 79 KB
Attached File(s)
File Type: mq4 CCFp_v1.0.3cvert (1).mq4   25 KB | 931 downloads
  • #296
  • Quote
  • Jan 19, 2016 4:18am Jan 19, 2016 4:18am
Quoting trader1234
Been using the ccfp (currency strength) indicator with the same concepts. Works like a charm as well. Charts are 30m,1hr,4hr {file} {image}
You should try the difference my friend.
Attached Image (click to enlarge)
Click to Enlarge Name: OlCahDE.png Size: 39 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #297
  • Quote
  • Jan 19, 2016 4:23am Jan 19, 2016 4:23am
Quoting Bernhard
{quote} You should try the difference my friend. {image}
where I can bring your pointer Bernhard?
  • #298
  • Quote
  • Jan 19, 2016 4:56am Jan 19, 2016 4:56am
Quoting soryn
{quote} where I can bring your pointer Bernhard?
Do you mean the graphics in the screenshots? Its features of lightshot.
http://app.prntscr.com/en/download.html
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #299
  • Quote
  • Jan 19, 2016 5:23am Jan 19, 2016 5:23am
Quoting trader1234
Been using the ccfp (currency strength) indicator with the same concepts. Works like a charm as well. Charts are 30m,1hr,4hr {file} {image}

Hello everyone.

And thanks for the thread.

trader1234 you use the default setting of that indi?

Thanks

Regards
  • #300
  • Quote
  • Jan 19, 2016 5:48am Jan 19, 2016 5:48am
Quoting Kavneet
{quote} hi What is this BLUE and Orange candles means? is it a different indicator?
it#s a diffrent indicator from Marialuiza, look here: http://www.forexfactory.com/showthre...75#post8693575
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