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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #241
  • Aug 2, 2016 6:34am Aug 2, 2016 6:34am
Quoting Merka
Hello Bernhard As you know, I just get today the indicators and it will take me some days to study the strategy and read through the previous posts. In the meantime, could you please post some setups and trades examples for the combo weekly/daily (long TF is weekly while daily is the trade TF)? As I have a full time job, that 2 TFs are my only possible suitable trade TFs. If you prefer for a better performance, you can add also the mountly TF. Cheers. Merka
Hello Bernard.
Could you please show me some sutups with weekly and daily TFs.
I installed yesterday night the indicators and didn't find any sutup on that time frames.
Having some examples from you on how to interpreted the indicators for that types of TFs will he helpful.
Usually I trade the end of NY and the start of the Asian seasons but this on high TF is not so important because I'm a position swing trader and not an intraday scalper.
Thanks.
Merka
  • #242
  • Aug 2, 2016 7:22am Aug 2, 2016 7:22am
Urgh I lost patience and there it drops just when I got out!
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  • #243
  • Aug 2, 2016 7:34am Aug 2, 2016 7:34am
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  • #244
  • Edited 10:31am Aug 2, 2016 7:38am | Edited 10:31am
Quoting Merka
{quote} Hello Bernard. Could you please show me some sutups with weekly and daily TFs. I installed yesterday night the indicators and didn't find any sutup on that time frames. Having some examples from you on how to interpreted the indicators for that types of TFs will he helpful. Usually I trade the end of NY and the start of the Asian seasons but this on high TF is not so important because I'm a position swing trader and not an intraday scalper. Thanks. Merka
You will find some H4 / Daily combo in the thread. Those long term setups do not happen every day and I do not intensive seach for it as I trade mostly intraday. If the market is flat and have no trend then there is nothing to do but be patient. All TFs/combo working by the same rules. (post 17)
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #245
  • Aug 2, 2016 10:41am Aug 2, 2016 10:41am
Quoting Dkmillion
Urgh I lost patience and there it drops just when I got out! {image}
You took quick pips that is perfectly all right. TP hit - profit is profit
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #246
  • Aug 2, 2016 12:00pm Aug 2, 2016 12:00pm
Results of trading the Speed alerts m15 + CS MFib levels m15 + optional S/R SupDem of H4/H1 or break
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #247
  • Edited 12:37pm Aug 2, 2016 12:11pm | Edited 12:37pm
Quoting Bernhard
Results of trading the Speed alerts m15 + CS MFib levels m15 + optional S/R SupDem of H4/H1 or break {image}
Whaoo that is great, over how long period did you trade those? Is it possible to share your S/R indi? Oh I see only yesterday and today!! Amazing!
  • #248
  • Aug 2, 2016 12:47pm Aug 2, 2016 12:47pm
Quoting Dkmillion
{quote} Whaoo that is great, over how long period did you trade those? Is it possible to share your S/R indi?
That is 2 days. Indicators for S/R or SupDem are only for visual help to see the approximately levels. You need always verify it manually. Do not trade SupDem blindly without a confirmation. It likes to break more often than not. Thats why we use Currency Strength, it includes much more background information than normal indicators for a single chart. Each CS line includes the movement of 7 charts or pairs. So when we have a dGAP we trade on information of 2x7=14 pairs while every normal indicator uses only information of ONE pair!

Attached File(s)
File Type: ex4 1SupDem_v2.33black.ex4   65 KB | 887 downloads

I modified some stuff on the SupDem indi. It is quite useable. Still some zones are too weak and others are too big, so dont take it as a bible.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #249
  • Aug 2, 2016 1:01pm Aug 2, 2016 1:01pm
Quoting Bernhard
{quote} That is 2 days. Indicators for S/R or SupDem are only for visual help to see the approximately levels. You need always verify it manually. Do not trade SupDem blindly without a confirmation. It likes to break more often than not. Thats why we use Currency Strength, it includes much more background information than normal indicators for a single chart. Each CS line includes the movement of 7 charts or pairs. So when we have a dGAP we trade on information of 2x7=14 pairs while every normal indicator uses only information of ONE pair! {file}...
Thanks, I understand, it is just a guide!
  • #250
  • Aug 2, 2016 5:05pm Aug 2, 2016 5:05pm
Hello Gents.
I'm short on USDJPY daily because of dGAP oDIR hoping to break through the demand level around 100.500.
Let's see how It's gonna play out.
Cheers.
Merka
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 68 KB
  • #251
  • Aug 2, 2016 5:17pm Aug 2, 2016 5:17pm
Quoting Merka
Hello Gents. I'm short on USDJPY daily because of dGAP oDIR hoping to break through the demand level around 100.500. Let's see how It's gonna play out. Cheers. Merka {image}
Great Merka!
Looks like it's got some room to move! Good luck!
  • #252
  • Aug 2, 2016 5:18pm Aug 2, 2016 5:18pm
Quoting Bernhard
Results of trading the Speed alerts m15 + CS MFib levels m15 + optional S/R SupDem of H4/H1 or break {image}
Great stuff Bernhard!
  • #253
  • Aug 2, 2016 5:20pm Aug 2, 2016 5:20pm
Quoting Bernhard
{quote} That is 2 days. Indicators for S/R or SupDem are only for visual help to see the approximately levels. You need always verify it manually. Do not trade SupDem blindly without a confirmation. It likes to break more often than not. Thats why we use Currency Strength, it includes much more background information than normal indicators for a single chart. Each CS line includes the movement of 7 charts or pairs. So when we have a dGAP we trade on information of 2x7=14 pairs while every normal indicator uses only information of ONE pair! {file}...
Some good mods! This is better than the one I have! Can set a constant S/R timeframe on smaller TF charts, which is nice feature!
  • #254
  • Aug 3, 2016 2:55am Aug 3, 2016 2:55am
good day, Bernhard. CONGRATULATIONS WORK !!!

Please share your tool to help me make money in the market. I will be very grateful.

My Email is -> [email protected]

Thank you!!
  • #255
  • Aug 3, 2016 1:31pm Aug 3, 2016 1:31pm
Quoting Merka
Hello Gents. I'm short on USDJPY daily because of dGAP oDIR hoping to break through the demand level around 100.500. Let's see how It's gonna play out. Cheers. Merka {image}
Updated of my previous post. The situation is not looking good.
Bernhard: where did I get wrong or interpreted incorrectly the chart?

Regards.
Merka
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily 03_08_2016.png Size: 64 KB
  • #256
  • Aug 3, 2016 1:49pm Aug 3, 2016 1:49pm
Quoting Merka
{quote} Updated of my previous post. The situation is not looking good. Bernhard: where did I get wrong or interpreted incorrectly the chart? Regards. Merka {image}
Trading daily charts are very difficult as market changes so much during the day, news can come out and change the whole picture - although there are traders trading daily's but that needs a big stop and much patience.. I think 4H would be better.
  • #257
  • Edited 3:25pm Aug 3, 2016 2:32pm | Edited 3:25pm
Quoting Merka
{quote} Updated of my previous post. The situation is not looking good. Bernhard: where did I get wrong or interpreted incorrectly the chart? Regards. Merka {image}
Your first words were false because we do not "hope" but trade what we have done over and over again. Then you went short into daily demand zone while the day before was a big candle and a pullback was expected. Still todays candle is very small and price is just back to where it was. The dGAP was 3 days before so your entry was too late and JPY was over MFib 100 on daily. Looking at H4 USD was below MFib -100 and was pulling back! JPY was above MFib 161 !!! So definitely no entry conditions.
I "hope" you are on demo, else 1 lot is way to much for a daily trade. You should take just 0.01 because a daily trade should have the SL above yesterdays candle which is about 250 pip. The trade could still run out but your lot size is very much to big. We have already discussed about the risk some pages back.
I was long so on CADJPY and GBPJPY.

Friends be carefull tomorrow with Bank of Englands announcements and press conference !!
It can also effect non-GBP pairs. (And will effect if something unexpected comes out)
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #258
  • Edited 2:58pm Aug 3, 2016 2:39pm | Edited 2:58pm
Bernhard . . . your critique of Merka's trade is very helpful. Thanks for posting your actual trade Dkmillion. Your sharing helps all of us better learn how to trade.

Lightheart
  • #259
  • Aug 3, 2016 2:48pm Aug 3, 2016 2:48pm
Quoting Dkmillion
{quote} Trading daily charts are very difficult as market changes so much during the day, news can come out and change the whole picture - although there are traders trading daily's but that needs a big stop and much patience.. I think 4H would be better.
Here I must disagree. All TFs are technically the same. But if a m5 trade may take 1 hour which is 12 candles, the daily trade with 12 candles would almost take 2-3 weeks. Because target and stops are very much bigger the position size need to be accordingly small. To get better risk/reward the entry needs to be at important levels. Same as the trades in post 200 just imagine it is a daily or weekly TF.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #260
  • Aug 3, 2016 2:55pm Aug 3, 2016 2:55pm
Quoting Lightheart
Bernhard . . . your critique of Dkmillion's trade is very helpful. Thanks for posting your actual trade Dkmillion. Your sharing helps all of us better learn how to trade. Lightheart
It is Merkas trade
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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