28pair Currency Strength double-GAP Momentum Strategy | Page 25 | 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

  • #481
  • Feb 15, 2016 12:48am Feb 15, 2016 12:48am
Quoting calvinkok
{quote} Hi Bernhard, Would you able to share the market fibo as show in the secondary window? or perhaps what is the name for this indicator? Thank you.
cs28 ... and that's the main indicator discussed in this thread ... So the idea would be to read the thread first ... at least post #1!
MT4/MT5 EAs/Indicators/Alerts coder
  • #482
  • Feb 15, 2016 2:19am Feb 15, 2016 2:19am
Quoting calvinkok
{quote} Hi Bernhard, Would you able to share the market fibo as show in the secondary window? or perhaps what is the name for this indicator? Thank you.
My friend as FerruFx said this is my indicator CStrength28. You need send me a mail to get a licensed copy. It is not available for download.
BernhardFXcontact at gmail dot com
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #483
  • Feb 15, 2016 5:22am Feb 15, 2016 5:22am

Double GAP with divergence


for the experienced traders
here the double GAP tells us a short (AUD went down, JPY went up) but price made a higher heigh!
So this is a regular bearish divergence. (green line)
Entry was when double GAP continued and H1 was high and got a hook.
Attached Image (click to enlarge)
Click to Enlarge Name: 5CTf4lo.png Size: 77 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #484
  • Feb 15, 2016 5:51am Feb 15, 2016 5:51am
Quoting Bernhard
Double GAP with divergence for the experienced traders here the double GAP tells us a short (AUD went down, JPY went up) but price made a higher heigh! So this is a regular bearish divergence. (green line) Entry was when double GAP continued and H1 was high and got a hook. {image}
These are the ones I love ... When both come from the extreme and then turn ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #485
  • Feb 15, 2016 6:05am Feb 15, 2016 6:05am
Quoting FerruFx
{quote} These are the ones I love ... When both come from the extreme and then turn ...


as soon as one or both cross either the nearest other currency or the level with a slope on both

can we please have alerts for that
  • #486
  • Feb 16, 2016 3:05am Feb 16, 2016 3:05am
I can't seem to find where you spoke about the exit strategy? I'm sorry to waste your time finding something that I should find by myself.....
Thank you so much.
  • #487
  • Feb 16, 2016 8:15am Feb 16, 2016 8:15am
Quoting Ygr
I can't seem to find where you spoke about the exit strategy? I'm sorry to waste your time finding something that I should find by myself..... Thank you so much.
You are welcome. I have posted many examples. When the base or quote CS lines turn against the trade its possible to exit at least when the higher TF CS lines turn around. On a chart the trader have other options it depends of his personal trading system. You can take Highs and Lows or important levels SR. All rules of PA apply when we look at a chart.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #488
  • Feb 16, 2016 8:37am Feb 16, 2016 8:37am
Won't the higher TF lines turn around only after the lower TF lines? Is that what you are saying... you wait for the higher ones to turn around?
  • #489
  • Feb 16, 2016 12:26pm Feb 16, 2016 12:26pm
Quoting Ygr
Won't the higher TF lines turn around only after the lower TF lines? Is that what you are saying... you wait for the higher ones to turn around?
If you are in profit you may close when the lower TF turns. If you are in loss it may just be a pullback as long as the higher TF keep going in the right direction. If the higher TF turns you should close. Cut your losers short and let your winners run. Got it?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #490
  • Feb 16, 2016 10:39pm Feb 16, 2016 10:39pm
Hello fellow traders , I have a question. With any trading system "Just using a trailing stop loss of say 20 pips with a stop loss of 1% make sense ?"
  • #491
  • Feb 17, 2016 4:00am Feb 17, 2016 4:00am
Quoting rammer13
Hello fellow traders , I have a question. With any trading system "Just using a trailing stop loss of say 20 pips with a stop loss of 1% make sense ?"
With our research testings over many trades this kind of trails are not effective for the long run. Why? The first effect is your stop will be trailed just at the price were you should enter again because there is no analyses behind the logic. You do minimize your possible profits. Better you look if price action made (if it is a long) a higher low (HL), then trail your SL some pips below that low. If PA make an other HL then trail again some pips below that low. Or follow what CStrength28 tells you! If CS are at an extreme market Fibonacci retraicement level and weaken the angle or get a hook close your profit. Look in the past at what levels CS lines turn at actual market conditions.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #492
  • Feb 17, 2016 4:51am Feb 17, 2016 4:51am
Hi Bernhard, Thank you for answering my question. Cheers !!!
  • #493
  • Feb 17, 2016 10:11pm Feb 17, 2016 10:11pm
Hi Bernhard, me again.Is it possible to create an EA using your inputs and indicator to trade on auto pilot .I do realize it would be quite a technical challenge but if members of this thread were interested in contributing to the creation of this EA would that be acceptable .I only ask this question out of curiosity. Cheers !!!
  • #494
  • Feb 17, 2016 10:36pm Feb 17, 2016 10:36pm
Quoting rammer13
Hi Bernhard, me again.Is it possible to create an EA using your inputs and indicator to trade on auto pilot .I do realize it would be quite a technical challenge but if members of this thread were interested in contributing to the creation of this EA would that be acceptable .I only ask this question out of curiosity. Cheers !!!
The indicator isn't available publicly ... so an EA can be done only for those who recieved it ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #495
  • Feb 18, 2016 3:46am Feb 18, 2016 3:46am
Here a trade for higher TFs.
CADCHF 80 pip + 130 pip
H4 + Daily

Attached Image (click to enlarge)
Click to Enlarge Name: gigtNC3.png Size: 79 KB


CStrenght28 works on all TFs.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #496
  • Feb 18, 2016 4:01am Feb 18, 2016 4:01am
EURCAD 230 + 170 pip
H4 + Daily
Attached Image (click to enlarge)
Click to Enlarge Name: bnANc6f.png Size: 68 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #497
  • Feb 18, 2016 8:08am Feb 18, 2016 8:08am
amazing potential for higher tf....
  • #498
  • Feb 18, 2016 12:13pm Feb 18, 2016 12:13pm
Hello.

I have been reading through all the posts but I find entry/exit and system rules is VERY unclear and inconsistent.
Pictures are posted but i see no consistency.

Here is my questions. I will taking position using 5min TF.

1. Will I need to monitor 5M and then which time frame as higher timeframe? 15/30 or 1H
2. when taking position, what is the timing rule to take position. It seems entry is made 2 or 3 bars after pairs are crossed. then why not immediately after pair crossed?
3 when looking at muliti TF CS, is it high to low or low to high? as someone mentioned, if 1h to 5m, good opportunities are gone in many cases.

I believe Bernherd has logic for trading if he is preparing to put the system as EA.
Having contributed for donation, and if he had been supported with donation, I believe it is fair to disclose undergoing logic.

Or can someone direct me to streamline logic if it has been posted? (I did go through all) but could not locate except for both entry between 100-100, reverse at 161.

No offence, but I find seeing trade examples very frustrating without streamlined rule in place.

Thanks,
fxbell
Attached Image (click to enlarge)
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  • #499
  • Feb 18, 2016 1:03pm Feb 18, 2016 1:03pm
Quoting fxbell
Hello. I have been reading through all the posts but I find entry/exit and system rules is VERY unclear and inconsistent. Pictures are posted but i see no consistency. Here is my questions. I will taking position using 5min TF. 1. Will I need to monitor 5M and then which time frame as higher timeframe? 15/30 or 1H 2. when taking position, what is the timing rule to take position. It seems entry is made 2 or 3 bars after pairs are crossed. then why not immediately after pair crossed? 3 when looking at muliti TF CS, is it high to low or low to high?...
fxbell you are welcome but you do not need to print your questions so big. As mentioned in the thread a cross of CS line is not much important. My rule for a GAP is clear. A CS line must drop or rise in a defined angle over 2 periods. Then you check other CS if it match for an opponent to get a double GAP. This you repeat on two time frames. The higher is least two TFs higher.

And why not enter HERE?
It was time to sleep for me and if you see the white horizontal line it is the period change of H4 so Weekend to Sunday, timing: no entry here. Also EUR did not show down GAP at this time when market closed!

But my friend all that is already described in the thread. True there are different setups, you can choose what fits your trading stile. Scan for reversal or for trend, use smaller or bigger TF etc....
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #500
  • Edited 6:34am Feb 19, 2016 6:02am | Edited 6:34am
A way how to trade NEWS with m1
Here today we had GBP red NEWS Retail Sails.
Now news are not logic or they are manipulated or they are "priced in" and results are not as good as expected. As today news were green but GBPUSD dropped, best example heh

But CStrength28 gave perfect signal. You see 2 horizontal lines, the left is news release the right is 2 minutes later. So we got a clear double GAP for those 2 Minutes. USD up and GBP down. From here GBPUSD dropped 30 pip, you can take profit when it hooked.
Next there was entry long after USD started falling and GBP started rising. From here GBPUSD went up 25 pip, you can take profit when both GBP and USD changed direction or got flat.

Good luck for the news traders !
Attached Image (click to enlarge)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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