28pair Currency Strength double-GAP Momentum Strategy | Page 23 | 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

  • #441
  • Feb 3, 2016 6:55am Feb 3, 2016 6:55am
Quoting Bernhard
Hey Alex I mentioned very often in this thread the 9th line market momentum. Do you have my indicator CStrength28? What I describe here is not different then post 364 but it is additional. You can contact me by mail if you like: BernhardFXcontact at gmail dot com
Yep, thanks Bernhard very appreciated. I can see how it is additional now, makes sense. Still trying to track down any posts on the 9th line market momentum but I'm sure I will come across it. Probably worth reading through the thread once again anyway.

Keep up the good work
'Stability breeds Instability' Hyman Minsky
  • #442
  • Edited 4:28pm Feb 3, 2016 2:06pm | Edited 4:28pm
And pullback trades again. Starting US after news.
TP 12, SL 35
Attached Image (click to enlarge)
Click to Enlarge Name: aFFhtyt.png Size: 30 KB

and yes there was one loss. No trading is possible without risk.

Just some example here how to trade the extremes against each, high against lower, when on market fibonacci gets flat, stalls or hooks and market momentum is low.

Attached Image (click to enlarge)
Click to Enlarge Name: SeqWLGa.png Size: 58 KB


just did it again
Attached Image (click to enlarge)
Click to Enlarge Name: Ret8kqa.png Size: 29 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #443
  • Feb 3, 2016 5:18pm Feb 3, 2016 5:18pm
Quoting Bernhard
And pullback trades again. Starting US after news. TP 12, SL 35 {image} and yes there was one loss. No trading is possible without risk. Just some example here how to trade the extremes against each, high against lower, when on market fibonacci gets flat, stalls or hooks and market momentum is low. {image} just did it again {image}
  • #444
  • Feb 3, 2016 9:25pm Feb 3, 2016 9:25pm
Quoting Bernhard
Hey Alex I mentioned very often in this thread the 9th line market momentum. Do you have my indicator CStrength28? What I describe here is not different then post 364 but it is additional. You can contact me by mail if you like: BernhardFXcontact at gmail dot com
Hi Bernhard

Just read through the thread again, not one post about the 9th line market momentum. I can only assume you call the 'Market Momentum X line' the '9th Line Market Momentum'. Please correct me if I'm wrong.

Thanks
'Stability breeds Instability' Hyman Minsky
  • #445
  • Feb 3, 2016 11:43pm Feb 3, 2016 11:43pm
you are taking all these trades manually or with bot ?
Quoting Bernhard
And pullback trades again. Starting US after news. TP 12, SL 35 {image} and yes there was one loss. No trading is possible without risk. Just some example here how to trade the extremes against each, high against lower, when on market fibonacci gets flat, stalls or hooks and market momentum is low. {image} just did it again {image}
  • #446
  • Feb 4, 2016 2:45am Feb 4, 2016 2:45am
Quoting ALFtrade
{quote} Hi Bernhard Just read through the thread again, not one post about the 9th line market momentum. I can only assume you call the 'Market Momentum X line' the '9th Line Market Momentum'. Please correct me if I'm wrong. Thanks
Yes correct.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #447
  • Feb 4, 2016 3:03am Feb 4, 2016 3:03am
Quoting Bernhard
The trade zones: Inner zone green - trend-trades From +100 to -100 market Fibonacci zones. I call it also the trend zone. Here we look for trend-trades, both directions allowed and we can hold it until we see a hook, hold it still through the empty space between green and pink zone. If we do not have a trade jet we do not enter in the empty space it is to late. Outer zone pink - reversal-trades Higher then +161 and lower then -161 market Fibonacci reversal zones. I call it also the reversal zone. Here we do never enter in direction to more outside,...
Is it possible to integrade this boxes in the indicator? For better viewing? Also can you automate this arrows if a signal is there?

Greets

Michael
Perfection is the enemy of good enough!
  • #448
  • Feb 4, 2016 5:06am Feb 4, 2016 5:06am
Quoting MichaelSch
{quote} Is it possible to integrade this boxes in the indicator? For better viewing? Also can you automate this arrows if a signal is there? Greets Michael
The commercial version will have a lot of options to arrange Alerts and signals. Please be patient until it is released. About price I can't tell anything jet. It will be available for sell and not through donation. But you can help to brainstorm what kind of signals you like to see and I may include it. Still is time.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #449
  • Feb 4, 2016 10:55am Feb 4, 2016 10:55am
Hi Bernhard, I've the version got through donation installed on a demo account. When I'll be ready to go live, you'll provide me the same version or must I pay a new one ? I'm OK with this version and I don't need the commercial one.
Porta itineris dicitur longissima esse
  • #450
  • Edited 12:25pm Feb 4, 2016 11:02am | Edited 12:25pm
You can change to live account send me mail then.
I am with you friends, don't worry.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #451
  • Feb 5, 2016 5:20am Feb 5, 2016 5:20am
Quoting Bernhard
And pullback trades again. Starting US after news. TP 12, SL 35 {image} and yes there was one loss. No trading is possible without risk. Just some example here how to trade the extremes against each, high against lower, when on market fibonacci gets flat, stalls or hooks and market momentum is low. {image} just did it again {image}
One more example for a pullback trade.
NZDJPY m5
market momentum is weak about zone market fibonacci 50
CS have hit market fibonacci reversal zone 161 and 261
both CS show reversal double GAP from zone above
Attached Image (click to enlarge)
Click to Enlarge Name: LIqNUFX.png Size: 38 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #452
  • Feb 5, 2016 7:04am Feb 5, 2016 7:04am
I love Bernard's Currency Indicator and if used the right way it can tell you a lot. Yesterday, the 4 Hour Chart showed a "Round Top" in currency strength in the AUD. This was a pre-cursor of which way the currency would go upon the Bank Rate release Thursday Night ( in North America ), and sure enough it did. Interestingly I changed my trade to Long on the Currency because I tend to trade in the direction of the 4 Hour Trend. As I watched the price go the opposite way, I held steady and closed my trade profitably after it returned to the momentum of the 4 Hour Trend.
Let the Market come to you
  • #453
  • Feb 5, 2016 7:09am Feb 5, 2016 7:09am
Another interesting view you can do is set the period to 100 ( instead of the commonly accepted 14 bars ), On a 15 MIN chart this will give you the view of the currency strength as if you were looking at it on a 4 hour chart. As you watch smaller price moves on a 15 minute chart, you can see the overall currency strength direction in the indicator at the same time.
Also, what i do usually is set it to two lines so only the pair showed in the indicator window ( or set the pair to thicker lines ). Another thing i do is set up 16 charts on one computer screen showing 4 related currency pairs in 4 different time frames -- 5M, 15M, 1H, and 4H. You can often see how the currency strength "moves" from one TF to another.
Let the Market come to you
  • #454
  • Feb 5, 2016 7:10am Feb 5, 2016 7:10am
Well back to trading.. hope everyone is short on US Dollar. We have 20 minutes to the USD economic Jobs release... its a strong move !!
Let the Market come to you
  • #455
  • Feb 5, 2016 10:52am Feb 5, 2016 10:52am
Quoting AlGer
I love Bernard's Currency Indicator and if used the right way it can tell you a lot. Yesterday, the 4 Hour Chart showed a "Round Top" in currency strength in the AUD. This was a pre-cursor of which way the currency would go upon the Bank Rate release Thursday Night ( in North America ), and sure enough it did. Interestingly I changed my trade to Long on the Currency because I tend to trade in the direction of the 4 Hour Trend. As I watched the price go the opposite way, I held steady and closed my trade profitably after it returned to the momentum...
Great, good job
But don't underestimate Nonfarm Payrolls US news today. The outcome can be for any direction and Market Makers like to use this occasions for stop loss hunting.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #456
  • Feb 5, 2016 11:14am Feb 5, 2016 11:14am
Quoting Bernhard
{quote} Great, good job But don't underestimate Nonfarm Payrolls US news today. The outcome can be for any direction and Market Makers like to use this occasions for stop loss hunting.
Well obviously i was wrong about the direction today but the important thing is not to lose money when you are wrong. I still gained a 20% on capital even though i was short USD. How i did that was that I got out of 3 of 5 trades before the news release, and the last two within a minute of the news release. But when you are right about direction, that is when your account goes way, way up.
Let the Market come to you
  • #457
  • Feb 5, 2016 12:42pm Feb 5, 2016 12:42pm
hi bernhard, this is a screenshot of your nzdjpy trade...you said that nzd was coming down from 261 fib level and jpy up from 161, but as you can see my readings are totally different. can you please explain why?
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.PNG Size: 91 KB
  • #458
  • Feb 5, 2016 1:51pm Feb 5, 2016 1:51pm
I explained that some posts before, you may read back. Market Fibonacci levels are not fixed lines, they adapt to the actual market conditions. But do not show values in the history past to use less cpu. So when the market at time of my screenshot was less active the Market Fibonacci levels were lower, your screen is later after we had much active market. This is all what you need to know, what are the levels right now at live time to trade from.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #459
  • Feb 6, 2016 7:04am Feb 6, 2016 7:04am
Quoting Bernhard
I explained that some posts before, you may read back. Market Fibonacci levels are not fixed lines, they adapt to the actual market conditions. But do not show values in the history past to use less cpu. So when the market at time of my screenshot was less active the Market Fibonacci levels were lower, your screen is later after we had much active market. This is all what you need to know, what are the levels right now at live time to trade from.
To give you more an idea how it works and how to use. Market Fibonacci levels behave like a bollinger band, it is not a bollinger but it expand in a similar way. Like a bollinger band gets bigger when a pair move more so does Market Fibonacci levels expand when the Market is more active. That way it can show you the actual target and reversal zones. mt4 metatrader is quite a simple program and it is not possible to calculate so many values to print the Market Fibonacci levels for every period/candle. Every time you change the TF of the chart where is the indicator on it will be recalculated. If you do not change the TF all the day you may change the TF twice ones in 30 candles, so that will effect only the lower TFs m1 m5, up from m30 you do not need to do anything over the day. I hope now its clear?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #460
  • Feb 6, 2016 9:54am Feb 6, 2016 9:54am
Quoting Bernhard
{quote} To give you more an idea how it works and how to use. Market Fibonacci levels behave like a bollinger band, it is not a bollinger but it expand in a similar way. Like a bollinger band gets bigger when a pair move more so does Market Fibonacci levels expand when the Market is more active. That way it can show you the actual target and reversal zones. mt4 metatrader is quite a simple program and it is not possible to calculate so many values to print the Market Fibonacci levels for every period/candle. Every time you change the TF of the chart...
got it, thanks
0 traders viewing now