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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #341
  • Aug 13, 2016 8:18am Aug 13, 2016 8:18am
Bernhard,

I understand the GAP fully, I just need some help understanding how you are using the Speed Indicator in conjunction with the CS28 to get earlier entries.

Dorian
  • #342
  • Aug 13, 2016 10:27am Aug 13, 2016 10:27am
Quoting 4xtrader2003
Bernhard, Does anyone else here have a 4K monitor (3840x2160), my high resolution is there reason my "object" placed fonts are on top of each other, I just need inputs option to adjust the horizontal and vertical spacing and thank you very for placing it on your probably massive to do list, everyone have a great trading day !!! Thank You, Dorian
Alright, I made a fix for the super big 4K+ monitor. If someone need it I'll send the update.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #343
  • Aug 13, 2016 11:15am Aug 13, 2016 11:15am
Quoting 4xtrader2003
Bernhard, I understand the GAP fully, I just need some help understanding how you are using the Speed Indicator in conjunction with the CS28 to get earlier entries. Dorian
After early speed signal:

  1. Check the level on CS. No oGAP above MFib 100 or below -100
  2. Shows recent CS history it's a continuation?
  3. Or is it a pullback/reversal from higher MFib 161/261 ?
  4. Check CS trend on higher TF
  5. Open the chart and make your job as a trader
  6. Is free space to go or need S/R or SupDem to break first?

Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #344
  • Aug 13, 2016 12:53pm Aug 13, 2016 12:53pm
Pardon my rambling in this 16 minute video. It shows how I am using the CStrength28 indicator and the SPEED indicator and how I am setting my stops and profit targets. I invite anyone to share his or her constructive comments as we all try to get better and better.

https://db.tt/eox9Ag8a

Lightheart
  • #345
  • Aug 13, 2016 1:23pm Aug 13, 2016 1:23pm
Quoting Lightheart
Pardon my rambling in this 16 minute video. It shows how I am using the CStrength28 indicator and the SPEED indicator and how I am setting my stops and profit targets. I invite anyone to share his or her constructive comments as we all try to get better and better. https://db.tt/eox9Ag8a Lightheart
Thanks for your video Jeff. If you use speed alert on live candle with fast sensibility you will be able to get into the trade WITHIN the signal candle. Because the live feed will reach earlier the level even maybe the candle before. In your example the speed has closed over the 25 signal line. The alert will trigger when the 25 is hit and will not wait for going higher, so again your entry will be within the candle. Btw speed MFib23 move is not the ame as a CS move for 23 angle (rectangle).
Hope it helps. Happy pips!
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #346
  • Aug 13, 2016 1:29pm Aug 13, 2016 1:29pm
Quoting Lightheart
Pardon my rambling in this 16 minute video. It shows how I am using the CStrength28 indicator and the SPEED indicator and how I am setting my stops and profit targets. I invite anyone to share his or her constructive comments as we all try to get better and better. https://db.tt/eox9Ag8a Lightheart
Hello LH,

I have watched all your videos including the one you just posted, I have a question, I see in this last video and at least one of your others, you use a look back time period of 1 to obtain the angle, but from my forum reading I "thought" if I remember correctly, that Bernhard looks back 2-3 time periods.

Dorian
  • #347
  • Aug 13, 2016 2:07pm Aug 13, 2016 2:07pm
Thanks for the clarification Bernhard regarding the sensitivity setting. I will give that a try. Yours and others' comments are what makes this space a great place to improve our trading!

Dorian . . . I believe you are correct about the 2-3 look back periods. I guess I use only the one period as I am afraid I will miss a move and/or it will turn against me before going to profit.

Lightheart
  • #348
  • Aug 13, 2016 2:16pm Aug 13, 2016 2:16pm
LH,

Thanks, confusion over, lol.

Dorian
  • #349
  • Aug 13, 2016 2:34pm Aug 13, 2016 2:34pm
Quoting Lightheart
Thanks for the clarification Bernhard regarding the sensitivity setting. I will give that a try. Yours and others' comments are what makes this space a great place to improve our trading! Dorian . . . I believe you are correct about the 2-3 look back periods. I guess I use only the one period as I am afraid I will miss a move and/or it will turn against me before going to profit. Lightheart
In your video you show Core Retail Sales red US news Friday. I would that not consider this as a normal time to trade. Unless someone is experienced with news trading and then go by m1 or max. m5.
For using ATR always apply the TF your trade is based on. Still ATR as SL or TP is some arbitrarily. Better to look for highs and lows, levels of recent price. Keep your SL above/below a low/high and TP the next level with a SupDem inner line. I posted some examples.
Also I posted exit rules, so you might not always wait until TP or SL is hit.
Use H4 as a trend to be safe (CS just direction not big angle needed). In the case of NZDCAD a long was against the trend. You could have used the news spike to get into a short when m5 showed CS over 261 and speed fliped. With a SL of 15 pip just little above the high it went down 60 pip
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #350
  • Aug 13, 2016 2:41pm Aug 13, 2016 2:41pm
Quoting Bernhard
{quote} In your video you show Core Retail Sales red US news Friday. I would that not consider this as a normal time to trade. Unless someone is experienced with news trading and then go by m1 or max. m5. For using ATR always apply the TF your trade is based on. Still ATR as SL or TP is some arbitrarily. Better to look for highs and lows, levels of recent price. Keep your SL above/below a low/high and TP the next level with a SupDem inner line. I posted some examples. Also I posted exit rules, so you might not always wait until TP or SL is hit....
All these tips are what I would call "trading nuggets of gold!" Thanks!

Lightheart
  • #351
  • Aug 14, 2016 5:24am Aug 14, 2016 5:24am
Quoting Bernhard
{quote} Alright, I made a fix for the super big 4K+ monitor. If someone need it I'll send the update.
I would likt to try out the 4k fix Bernhard.....My charts never have looked quite like yours maybe that is a reason why....let me know if you need my email again.

thx
db
  • #352
  • Aug 14, 2016 5:28am Aug 14, 2016 5:28am
Quoting Lightheart
Pardon my rambling in this 16 minute video. It shows how I am using the CStrength28 indicator and the SPEED indicator and how I am setting my stops and profit targets. I invite anyone to share his or her constructive comments as we all try to get better and better. https://db.tt/eox9Ag8a Lightheart
thx lightheart
  • #353
  • Aug 14, 2016 6:15am Aug 14, 2016 6:15am
Quoting 4xtrader2003
{quote} Thank Bernhard, I would appreciate you emailing it me . . . . forextrader2003 Dorian
Mail was already sent.

Quoting dreambig
{quote} I would likt to try out the 4k fix Bernhard.....My charts never have looked quite like yours maybe that is a reason why....let me know if you need my email again. thx db
Mail was sent.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #354
  • Aug 14, 2016 7:04am Aug 14, 2016 7:04am
What I saw with recent pictures, I would rarely use a full chart. But you can build your own trading profile. Get the indicator chart (here left) und the higher TF chart without speed (here left lower) and the trading chart (here rigth). And save it all under a profile name like "CS28 trading":
You may open the trade with alt+B MT4 function and set up your size and TP and SL in points. Then after trade is entered drag the TP and SL line to the levels you like to have it. Possible to right click the trade line and add a trailng distance in points. Simple...

Attached Image (click to enlarge)
Click to Enlarge Name: profile trade.jpg Size: 311 KB


Quiz question: What is new?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #355
  • Aug 14, 2016 7:06am Aug 14, 2016 7:06am
Bernhard: Do you have a user manual for that SupDem you posted a while back? There are many settings to configure.

Lightheart
  • #356
  • Aug 14, 2016 7:22am Aug 14, 2016 7:22am
Quoting Bernhard
What I saw with recent pictures, I would rarely use a full chart. But you can build your own trading profile. Get the indicator chart (here left) und the higher TF chart without speed (here left lower) and the trading chart (here rigth). And save it all under a profile name like "CS28 trading": You may open the trade with alt+B MT4 function and set up your size and TP and SL in points. Then after trade is entered drag the TP and SL line to the levels you like to have it. Possible to right click the trade line and add a trailng distance in points....
Great now that currency name is at the currency line so we don't need to remember colors... thx!
  • #357
  • Aug 14, 2016 8:20am Aug 14, 2016 8:20am
Quoting Bernhard
What I saw with recent pictures, I would rarely use a full chart. But you can build your own trading profile. Get the indicator chart (here left) und the higher TF chart without speed (here left lower) and the trading chart (here rigth). And save it all under a profile name like "CS28 trading": You may open the trade with alt+B MT4 function and set up your size and TP and SL in points. Then after trade is entered drag the TP and SL line to the levels you like to have it. Possible to right click the trade line and add a trailng distance in points....
Good Morning Bernhard,

The currency lines are labeled, Yaaaaaaa !!!

Thank You,
Dorian
  • #358
  • Aug 14, 2016 10:16am Aug 14, 2016 10:16am
Quoting Lightheart
Bernhard: Do you have a user manual for that SupDem you posted a while back? There are many settings to configure. Lightheart
Hey Lightheart,

There are a bunch of sup-dem indicators out there with various modifications. I looked for a manual and the closest I got were these txt notes below. Some settings don't apply to Bernhard's version but it gives some usage insights.

http://www.forexfactory.com/attachme...6&d=1388799945

Cheers!
  • #359
  • Aug 14, 2016 10:52am Aug 14, 2016 10:52am
Quoting Lightheart
Pardon my rambling in this 16 minute video. It shows how I am using the CStrength28 indicator and the SPEED indicator and how I am setting my stops and profit targets. I invite anyone to share his or her constructive comments as we all try to get better and better. https://db.tt/eox9Ag8a Lightheart
Thanks for the video, Lightheart! Good stuff!
  • #360
  • Aug 14, 2016 12:24pm Aug 14, 2016 12:24pm
So million dollar question.

NZDCAD showing down on most time frames. Just broke 4 hour resistance. CAD is at 100mfib on 4 hour and NZD at 0. Will it continue downward for a couple hundred pips or is it a stop run and will reverse back up?
Attached Image(s) (click to enlarge)
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