28pair Currency Strength double-GAP Momentum Strategy | Page 17 | Forex Factory

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

  • #321
  • Jan 20, 2016 4:45am Jan 20, 2016 4:45am
Quoting pax
{quote} That is great. We select the tools that we think can help us to make money.
I tested them all, believe me. He even spoke of a mod "ma20" which was me who made it but it was not what I liked to see.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #322
  • Jan 20, 2016 4:50am Jan 20, 2016 4:50am
Quoting Bernhard
AUDJPY 13 pip scalp m30 h4 {image}
HI Bernhard
Just want to know your Parameters setting as - looking at the JPY and AUD slope on 1 hour.. your chart shows a very smoothed while my charts is showing bumpy slopes.
  • #323
  • Jan 20, 2016 4:51am Jan 20, 2016 4:51am
NZDCHF temporary bottom, look for longs guys. Indie should give signal on m5 somewhen soon. Same for EURUSD.
  • #324
  • Jan 20, 2016 5:38am Jan 20, 2016 5:38am
Quoting janpec1000
NZDCHF temporary bottom, look for longs guys. Indie should give signal on m5 somewhen soon. Same for EURUSD.
I would go for the JPY.
info@metacharttools,com
  • #325
  • Jan 20, 2016 1:36pm Jan 20, 2016 1:36pm
Bernhard, I have not seen the benefit of using the FIB market sentiment "x" line. What am I missing? I trade the M1 chart mostly, but at your suggestion, have waited for the market sentiment "x' line to be above the FIB 50 on the M5 chart before I enter a trade on the M1 time frame. I see no correlation between a good entry and the configuration of that "x" line. Can you help this slow-minded trader? Thanks.
  • #326
  • Jan 20, 2016 3:01pm Jan 20, 2016 3:01pm
Quoting Lightheart
Bernhard, I have not seen the benefit of using the FIB market sentiment "x" line. What am I missing? I trade the M1 chart mostly, but at your suggestion, have waited for the market sentiment "x' line to be above the FIB 50 on the M5 chart before I enter a trade on the M1 time frame. I see no correlation between a good entry and the configuration of that "x" line. Can you help this slow-minded trader? Thanks.
Hi Lightheart, I do use market very rarely on m1. m5 shows you the general market condition. For m1 scalping you can still go below 50. Over 50 is more a confirmation for holding into trend.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #327
  • Jan 20, 2016 3:03pm Jan 20, 2016 3:03pm
EURAUD 150 pip trade still running
m15
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #328
  • Jan 20, 2016 3:11pm Jan 20, 2016 3:11pm
EURNZD 70 pip
m5 entry
m15 exit
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #329
  • Jan 20, 2016 3:18pm Jan 20, 2016 3:18pm
Bernhard, from your trades, unless I go wrong, I don't see any stop loss. Does it mean you don't use any or you probably have mental stops? In that case, when do you exit a trade at a loss?
  • #330
  • Jan 20, 2016 3:29pm Jan 20, 2016 3:29pm
Can we have a BDM version with this included?
By failing to prepare, you are preparing to fail.
  • #331
  • Jan 20, 2016 4:31pm Jan 20, 2016 4:31pm
Quoting Hammertop
Bernhard, from your trades, unless I go wrong, I don't see any stop loss. Does it mean you don't use any or you probably have mental stops? In that case, when do you exit a trade at a loss?
Hey Hammertop I use exit rules as explained before. If higher TF trend change its conditions I close the trade regardless if it is a win or a loss. But this may not be good for everyone. After currency strength show a possible trade on a pair the trader should use his own trading system he is used to it as soon he switch to the chart. This includes his experience with pullback techniques, support and resistance, supply demand, price action, money management. I don't will explain all this things here. It is all well known and can be googled.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #332
  • Jan 20, 2016 6:07pm Jan 20, 2016 6:07pm
Quoting Bernhard
{quote} Hey Hammertop I use exit rules as explained before. If higher TF trend change its conditions I close the trade regardless if it is a win or a loss. But this may not be good for everyone. After currency strength show a possible trade on a pair the trader should use his own trading system he is used to it as soon he switch to the chart. This includes his experience with pullback techniques, support and resistance, supply demand, price action, money management. I don't will explain all this things here. It is all well known and can be googled....
Of course, your principle is clear: the indicator only gives a heads up as for entering. I was only wondering about the absence of stops on your charts and how you would deal with them if the trade goes immediately against you. Thanks for answering
  • #333
  • Jan 21, 2016 7:26am Jan 21, 2016 7:26am
Here we have not just a double GAP but Currency strenght came all the way along just like a high way.
EURAUD EURCAD CADCHF
Attached Image (click to enlarge)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #334
  • Jan 21, 2016 10:48am Jan 21, 2016 10:48am
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...

how adorable, you're giving away an indi that suppose to make money for a "donation".

i don't know if FF mods are being lazy/incompetent or just having a cut of the deal but its not the first undercover salesman thread i come across in the Trading system section.

and btw, that Cstrenght28 looks exactly like currency strength indi made by Nihlist few years ago there are also other versions available for free.
but it didn't work back then, i'm pretty sure it won't work now.

the logic behind it is flowed.

you can't predict the future value of a single currency for the same reason you can't predict the future value of a pair.

you're just jumping in a trend hoping that it will keep going. thats gambling.


but hey, newbies will fall for it, why not make some bucks out of them, right ?
i lose money for a living
  • #335
  • Jan 21, 2016 10:54am Jan 21, 2016 10:54am

WHO HAS TRADE EURUSD TODAY??

BUT IF YOU KNOW THE MARKET YOU WOULD TAKE EURNZD!!! DOUBLE PIPS!!!


m15 150 pip
EURNZD

NZD was much stronger then USD this was the right trade !!
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #336
  • Edited 11:26am Jan 21, 2016 11:10am | Edited 11:26am
Quoting tylerbose
{quote} how adorable, ...?
Unfortunately I am German but If I were English I would you answer very well. Just stay to your old school of trading and don't learn something new, maybe you have also a computer 10 years old.
And gone... we like think positive here and trade in new ways.
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #337
  • Jan 21, 2016 11:37am Jan 21, 2016 11:37am
A skype message of one "so called newbies"
He just made today 189 pip + 100 pip again
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #338
  • Jan 21, 2016 12:41pm Jan 21, 2016 12:41pm
EURNZD
long now, already 90 pip
who said this don't work?
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #339
  • Jan 21, 2016 1:10pm Jan 21, 2016 1:10pm
subscribed.
  • #340
  • Jan 21, 2016 1:22pm Jan 21, 2016 1:22pm
Quoting Bernhard
EURNZD long now, already 90 pip who said this don't work? {image}
time of the day is late so I closed.
EURNZD long 105 pip
short was 150 pip
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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