28pair Currency Strength double-GAP Momentum Strategy

Tomorrow we will see what happens in CAD

nice trade
Yes it is possible to trade news that way. I prefer to wait 5 minutes after release. Check with CStrength28 m1 in beginning and later m5.
Do not enter if market momentum is dropping it must be rising.

I made some add-on for our indicator to show trades for analysis in a new way. Still needs some work on. That way you can see all trades regardless of pair all in one chart. Here 6 trades to see.

early birds
30 min after LO
50 pip each

CADCHF


EURCAD


Please note the entry trigger is 1 candle before the arrow!

Dear Bernhard, I have few suggestions. Please take it positive. Don't be angry on me . I am innocent man. Can't handle too much anger.

Forgive me if my post goes long but i assure that you will get the value for the time spared in reading.


Perhaps Maria saying that 1 out of 8 gaps ; a real gap and a real opportunity to ride. By saying this she is referring to Elliott Wave Theorem. i.e Price moves in wave and most of the trends consisting of 8 pullbacks and 8 retraces (Note: Market never moves according to any rule. These are just probabilities). This is what i got of her statement. Anyhow this is not of any importance for me , at least.

I believe that your goal is to benefit your follower traders. So i will add my two cents and contributing to your good cause, if you don't mind.

1. The Strategy

You should present your system in black and white by exactly defining (a) When to enter? (b) What exactly will be SL and TP? (c) Where is the Emergency exit door? (d) What are market conditions where you will recommend to trade? SL and TP should never be in terms of fix no. of pips if you are trading 28 pairs. This blunder alone enough to blow your account once in real market.

2. Decision Making
Most of the newbies like me think that entering into trade is the only decision they need to make to earn money. But with time, i learnt that a trade is a series of decisions , you need to make. Before entry, identify the areas where your trade can stuck? Where it will be better to make a re-entry? How can you multiply your profits if trade started running in your favor? What is your final destination? etc etc. If any body, includes this in trade planning then even a worst strategy can be turned into a good one. Definitely money management is the most important element of trade planning.

3. Hitting The Nail Aright
Although many will disagree but its my personal finding that "Hitting The Nail Aright" is the most important rule to grow your account faster and safer. What I mean is to fully suck the profits to its extent once you find a good trade. Aggressive Lot usage(Within your margin limit) and Re-Entries will let you reach your target much faster than waiting, waiting ,waiting for a single trade to make you earn enough to make your day. But this comes with experience and having a good sense of when a support/resistance areas are gonna change their role. In my early days, i turned many of my good trades into worst with stupid re-entries and not having enough patience to wait for getting my profits.

4.Trading Behavior
Discipline(follow system rules strictly), Patience(ability to absorb losses), Greed Control and Confidence(on your strategy) are the Pre-Trading requirements. If one's don't have these characteristics or can't adjust himself to these characteristics then better you find some other suitable job. I guarantee that you can't even get benefit of a holly grail system(if there is any). As an example of discipline , I was Bullish on NZD(all pairs) and Bearish on USD(all pairs) since NY Open on 16-03-2016. I got wonderful profits on both NZD and USD till Tokyo+2. I closed my USD pairs Tokyo+3 with very good profit without waiting for proper TP signal. Till that time, was so good. I was expecting a retrace on all NZD pairs before frankfurt open, OK i got it. Till the London Open today, I closed my NZD trades without waiting for proper exit signal as it that time I was already 100%(this week) up on my ~3K account. I got a bullish signal on CHF one hour before London open. So i went short on 6 CHF pairs. Soon I got a 80 PIPS Loss. and I made a manual exit without waiting for Exit Signal. Right after one hour the CHF went my way. shit. So 3 times i violated discipline by not waiting for proper exit signal. And when i see the USD and NZD pairs, I almost kicked my ass 3 times for violating the discipline. If discipline was not violated by me , i was supposed to be at 300% growth this week. So always stick to your plan. Believe me , you will never feel regret even if you loss.

4.Deciding Your Trading Nature
You must be very very very clear with yourself that are you a fundamental trader or a technical trader? fundamental trading requires you a typical mindset and a sound field economy knowledge while technical trading requires a different mindset. So if you are a technical trader, you should keep yourself away of fundamentals otherwise you are gonna loose too much. You Must not let your mind biased with fundamentals. Fundamentals reporting a BULLISH JPY since February. But nothing happened till now and traders like me missed/Loss thousands of Pips. Previous week, Bullish fundamentals were reported for JPY and I was already in the Bullish JPY stream and was making good profits and was expecting too much to come because the fundamentals about JPY were also Bullish. But actually what happen that previous week? I lost almost 50% of whole month profit with just a single basket. Why? Because my mind was biased towards a Strong JPY because of the fundamentals and i was again and again ignoring the exit signals(so again breaching the discipline) as per my strategy until it took 50% of my whole month profit. This week i totally ignored the fundamentals and remained strict to what chart is saying and to strategy . And i restored all my losses. So as a trader, Its very necessary to be clear to you that either you are Fundamental trader or Technical Trader.

5.Loss and Profit; Part of Forex Trading
Loss and Profit are part of Forex trading. There is no shame in accepting and sharing your losses.

6.Share things before the fact rather after the fact
Bernhard, There is a good way to shut the mouth of people like Maria, imo. This way, you can serve three purposes. Sharing your trades at entry time is a good suggestion by Maria. This will keep mouths shut, your followers here will be benefited much and it will increase the understanding that how actually you use the indicator. Sharing Trades which have already reached its target is of no more a way to impress. To be true.

Sir (​Bernhard), You are much senior than me. Perhaps Only Point 1 and 7 for you. You will be much better in Points 2 to 6 than me. I am very junior. I just wrote these points for the new traders here. I hope, it will benefit somebody. My experience only 1 year in forex. But i passed through very very hard periods during this one year. Too much readings, Too much coding, Too much analysis, Mental/Physical torture(if you believe) happening all this one year. I hardly slept for 7 hours a day since last one year BUT I never compromised on my goal to learn forex and i am still learning and the hard work is in progress. The purpose of mentioning this here is to acknowledge your seniority/understanding and Importantly letting the newbies know that Nothing comes without hardwork, commitment and sacrifices. Believe me, Being successful in forex rests in your own personality(discipline, Patience, Greed Control and Confidence). A good strategy is last point in checklist of Successful trading. Tools/EAs etc etc adds only 10% to successful trading and 90% is your trading behavior.

I wish you all a very happy future ahead.

You are welcome Sajid. I agree with you in the most points. I will post some comments later in the day. I don't care for Elliot the problem is the mind, if you like to see 8 wave in a chart you will see it, if you like to see 3 waves you will see it everywhere too. All those "old" theories are based on a single chart but we here analyze Currencies and Market! This is a whole different level. We try here a new approach. Also we trade with my specialized indicator which have a different code, you should try it. THEN APPLY THE SIGNAL INTO YOUR TRADING STRATEGY!! This is posted many times.
About the fix pips in TP and SL (Why it make so many people anry? I will keep on with it, I like make some people angry...) Those 50 pips on LO are based on a statistic I made 3 years ago. I already said many times TP+SL should be modified at chart with read SR levels. THIS APPLIES ALSO YOU NEED TO KNOW HOW TO TRADE. The Indicator helps you. I don't like to change your trading stile.

Please do not use big bold colored fonts. It is obtrusive and screaming like capital letters in chat and not polite. I like it to be destricted to important system rules or announcements of the thread owner. Keep it decent.

Friends please do not send me message and ask things by message. Email me (mail in post 1 and profile)
New rule of FF: only 1 message/day allowed to send by commercial members huhh...

Bernhard salute You!!! Correct me if what not so, input and output

Yes correct. You show DGAP m15 in direction of H1 with strong angle.
m15 is outside GAPs and supported with rising market m15.
H1 is inside GAPs and supported by falling market H1.
Watch market on H1 when CSs cross the H1 zero-line, market behavior H1 will change to rising if it supports more the direction of H1.

As promised, bargaining in the news CAD

+ today's method took))))) a huge Thank you Bernhard for all!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Something far too heavy to fall below 15m

well done

And lastly)))) will Not cease to thank Bernhard.

Thank you very much Bernhard!!!

Dear, I expressed my opinion with an open heart. by any mean, I don't want to change/influence your trading style neither the whole comment was for you. I know you are a master trader. And you want to benefit your fellow traders here. And you have a great/modern indicator. Having all great pluses, I don't see any problem in posting your trades at entry time. I am sure, it will be a real booster for your indicator lovers. So you should grasp this suggestion with both hands. I hope this time this suggestion will not be skipped. And you will express your opinion on this.
I believe that posting trades after ending in profit means NOTHING. Also posting the links of trade explorer will be better than posting still images. I totaly appreciate and value the hard work that will be done on background to produce such an indicator. I can understand and know the bundles of thinking hours spent on it. But i am indicator less trader basically. so it will not suit my trading style.


Wish you too much success Master.

For the last time stop with this nonsense. Some trades were already posted when they were open, you need to read back. FF thread is not the most important to me. This is one of my trading rules: no distraction while trading! When I am trading I am just trading and no chat, no mail, no post, no calls. No serious trader is chatting or posting while he is trading! When your money is in the game you need to watch like a hawk your trades, are there new signals for entry or for exit? Is it needed to change TP or SL or trailing? Are there news?
And I do not expect anyone to do this. You might be on a demo or mini lots then it may not matter to you. But if you are in a Ferrari on the race you do not answer calls, right? My profits are not your profits and my trades will never be your trades. It is up to you to include the indicator which is this thread about in your own trading style and try it out.

Bollinger Bands have been invented by John Bollinger. Ever someone asked John Bollinger to post his trades in advance to prove his bands are profitable to use? It is up to the individual trader how to use them and so the same is here.

Excellent job

Like everyone can now see also other traders are successful with this strategy.
I received many positive emails but most active traders are not posting. Surely for the reasons I mentioned above.

Friend, I totally agree with You. Nothing and no one can, and should not distract from trading!!! Mind here, one saying "he who Has ears - let him hear, having eyes - Yes will see." In 80% of cases, affected by laziness and not wanting to understand and see the purpose!!!!!!
Thank you very much Bernhard!!!

Can someone overlay Bollinger Bands with Market Momentum or gather ideas scattered all around and claim it as its own?

I don't see anything nonsense or offensive in my comment. I don't know why you getting angry on a good suggestion. You can simply say , I CAN'T DO IT.
Suggesting to someone to post live trades is not non-sense if YOU TAKE IT AS POSITIVE RATHER TAKING IT NEGATIVE WITH SOME SORT OF FEAR IN MIND.

Bollinger Bands are free and a general trading myth, so no reason for asking Jhon Billinger to post Live trades. And please don't mind, i see no comparison in maria/your's indicator with BBs.

I hope , Ban from thread will not be used as reply to my points. I given my points with a true sense.

How many trolls here in this thread.
The subject must be really very interesting to get so much attention!