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28pair Currency Strength double-GAP Momentum Strategy

  • #801
  • Jun 6, 2016 1:39pm Jun 6, 2016 1:39pm
Quoting Bernhard
open trade GBPJPY h1 CS turned at outer MFibs to inside directions SL is trailed to BE, trade at 105 pip {image}
trade update
CS crossing, and continue directions
GBPJPY does H1 higher lows
resistence 1 is broken
resistens 2 got a fake breakout and is under attack again
SL is trailed under last m15 low
If resistance 2 does not break asap I may close the trade.
trade at 115 pip
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  • #802
  • Jun 6, 2016 11:56pm Jun 6, 2016 11:56pm
another good day eur/aud 50 p



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  • #803
  • Edited 3:13am Jun 7, 2016 1:18am | Edited 3:13am
I got the GBPJpy before that , more than 150 pips, but I couldnt close it as I slept off till it came down. Then, yes the AUDUsd , EURAUD And AUDJPY, NZD USD still running with half profit of over 60pips already taken
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  • #804
  • Edited 5:32am Jun 7, 2016 4:13am | Edited 5:32am
Long chfjpy, Short USDCHF. Could have done EURCHF but the two are too correlated to be worth the risk or so I think. Will update. All the above trades are doing well except cadchf which was a wrong trade I placed sometime ago
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  • #805
  • Jun 7, 2016 5:10am Jun 7, 2016 5:10am
Quoting princefred
Long chfjpy, Short USDCHF. Could have done EURCHF but the too are too correlated to be worth the risk or do I think. Will update. All thr e above trades are doing well except cadchf which was a wrong trade I placed sometime ago
m15 CAD was too flat all morning, not the required angle. And remember an iGAP must be stronger then an oGAP, otherwice it is only consolidation. Also CAD is not an active London Open currency, it will become activ in NY session.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #806
  • Jun 7, 2016 5:35am Jun 7, 2016 5:35am
Quoting Bernhard
{quote} m15 CAD was too flat all morning, not the required angle. And remember an iGAP must be stronger then an oGAP, otherwice it is only consolidation. Also CAD is not an active London Open currency, it will become activ in NY session.
Yes the Cad trade is three days old. Not from today's analysis. Now am watching for AUDJPY reverse trade to short based on 1HR iGaP and 5min cross of AUD. and JPY.
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  • #807
  • Jun 7, 2016 7:44am Jun 7, 2016 7:44am
Quoting Bernhard
{quote} trade update CS crossing, and continue directions GBPJPY does H1 higher lows resistence 1 is broken resistens 2 got a fake breakout and is under attack again SL is trailed under last m15 low If resistance 2 does not break asap I may close the trade. trade at 115 pip {image}
first trade closed with 89 pip, stopped out on trail.
a second trade closed with 194 pip, hit TP at h4 resistance.
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  • #808
  • Jun 7, 2016 7:57am Jun 7, 2016 7:57am
Quoting princefred
{quote} Yes the Cad trade is three days old. Not from today's analysis. Now am watching for AUDJPY reverse trade to short based on 1HR iGaP and 5min cross of AUD. and JPY.
AudJPY short entered. Closed AUDJpy long, and AUDUSD
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  • #809
  • Jun 7, 2016 6:01pm Jun 7, 2016 6:01pm
hi
so now you all expert all the best many many pips .
  • #810
  • Jun 7, 2016 10:43pm Jun 7, 2016 10:43pm
Quoting princefred
{quote} AudJPY short entered. Closed AUDJpy long, and AUDUSD
almost 70 pips on this one.
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  • #811
  • Jun 8, 2016 8:14am Jun 8, 2016 8:14am
Today was hard
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  • #812
  • Jun 9, 2016 3:20am Jun 9, 2016 3:20am
Can we have an arrow on the currency when x deviation occurs from last value of the C s in a given timeframe. This will be very helpful.
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  • #813
  • Edited 5:47am Jun 9, 2016 4:29am | Edited 5:47am
Quoting princefred
Can we have an arrow on the currency when x deviation occurs from last value of the C s in a given timeframe. This will be very helpful.
What exactly do you have in mind, give some exsample.
The definition say: "Standard deviation statistically measures the difference between the closing prices and the average prices over a number of time periods." This is used on pairs. You are free to use it when you go to the chart. For currency itself we have market Fibonacci levels which are more effective. If you have a strong dGAP so a weak currency against a stong currency then the deviation of the pair can easily be broken.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #814
  • Jun 9, 2016 5:59am Jun 9, 2016 5:59am
Quoting Bernhard
{quote} What exactly do you have in mind, give some exsample. The definition say: "Standard deviation statistically measures the difference between the closing prices and the average prices over a number of time periods." This is used on pairs. You are free to use it when you go to the chart. For currency itself we have market Fibonacci levels which are more effective. If you have a strong dGAP so a weak currency against a stong currency then the deviation of the pair can easily be broken.
Am sorry for not getting the terminology right. I mean a measure of the Gap considering the difference of former and present value so as to take a gap as a strong one
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  • #815
  • Jun 9, 2016 6:44am Jun 9, 2016 6:44am
Quoting princefred
{quote} Am sorry for not getting the terminology right. I mean a measure of the Gap considering the difference of former and present value so as to take a gap as a strong one
Lets try to get it in a simple way: Think you are in a fast car driving from Washinton to New York. What do you need to do first to turn around? Reduce your speed and stop right? So this will be negative acceleration. Then you need turn around and accelerate again in direction to Washington, OK. So without reducing your speed and stop first you can not turn around.
Back to Forex for now you do that with measuring the former and present GAP (while we need to look at two CS to compleet a pair with quote and base currency). A deeper analyses is done by CStrength_Speed. Maybe its that what you are looking for.
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  • #816
  • Edited 3:31pm Jun 9, 2016 2:37pm | Edited 3:31pm
Something simpler showing the difference between last two currency strength meter value is what I mean.
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  • #817
  • Jun 9, 2016 4:35pm Jun 9, 2016 4:35pm
Quoting princefred
Something simpler showing the difference between last two currency strength meter value is what I mean.
OK as simple as possible but not simpler
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  • #818
  • Jun 9, 2016 5:41pm Jun 9, 2016 5:41pm
Quoting Bernhard
{quote} OK as simple as possible but not simpler
  • #819
  • Jun 9, 2016 10:11pm Jun 9, 2016 10:11pm
Quoting Bernhard
{quote} OK as simple as possible but not simpler
simple or simpler is not the main point the point is an alert when the currency meter value between the last two timeframe is greater then an x value. If you can to that fine if not well
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  • #820
  • Jun 10, 2016 2:27am Jun 10, 2016 2:27am
Quoting princefred
{quote} simple or simpler is not the main point the point is an alert when the currency meter value between the last two timeframe is greater then an x value. If you can to that fine if not well
Alerts and advanced filters will be in the commercial version, be patient. You already made pips so just continue what you did and trade like a robot. Don't try to change what is working. We asked you to post how you decided on your trades so everybody can learn from it, there are more people studying.
Get lightshot if you don't have it http://app.prntscr.com/en/index.html
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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