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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #361
  • Edited 1:20pm Aug 14, 2016 11:03am | Edited 1:20pm
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
Thankyou for your interesting video Lightheart,if i've interpreted your method correctly you use a 14 period A.T.R. to set your stoploss and take profit,i just wonder how you accommodate the different A.T.R.s according to time of day,i.e.the A.T.R. coming out of the Asian session is going to be far less than the A.T.R. coming out of London session,especially on smaller time frames.
  • #362
  • Aug 14, 2016 1:59pm Aug 14, 2016 1:59pm
Quoting watsone
{quote} Thankyou for your interesting video Lightheart,if i've interpreted your method correctly you use a 14 period A.T.R. to set your stoploss and take profit,i just wonder how you accommodate the different A.T.R.s according to time of day,i.e.the A.T.R. coming out of the Asian session is going to be far less than the A.T.R. coming out of London session,especially on smaller time frames.
What you say about the ATRs varying from one time period to another is valid. However, my understanding is that since the ATRs are changing in step with the market volatility, then using the ATR as a stop or profit target is an adaptive approach that takes into account that variability. More price movement would suggest a larger stop and a larger profit target.

Having said that, I do agree with Bernhard's position that setting stops at "visible" levels of supply or demand makes more sense. In fact, that is more my approach and I mentioned the use of the ATR as a bit of testing a different method that is more robotic and one where I don't interfere with a trading plan by perhaps messing it up with my attempt to outsmart the market.

Lightheart
  • #363
  • Aug 14, 2016 2:14pm Aug 14, 2016 2:14pm
Currency Lines labeled.
  • #364
  • Aug 14, 2016 7:01pm Aug 14, 2016 7:01pm
Can someone critique this trade and see it followed all the rules . . . . (sorry for the size i'm running a 4k monitor and everything looks tiny to all others)

P.S.
I actually entered late, should have been in at the beginning of the candle but I still grabbed 5 pips

Dorian
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  • #365
  • Aug 14, 2016 7:41pm Aug 14, 2016 7:41pm
Here is another one . . . .

Dorian
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  • #366
  • Aug 15, 2016 2:19am Aug 15, 2016 2:19am
Quoting 4xtrader2003
Can someone critique this trade and see it followed all the rules . . . . (sorry for the size i'm running a 4k monitor and everything looks tiny to all others) P.S. I actually entered late, should have been in at the beginning of the candle but I still grabbed 5 pips Dorian {image}
Change the color of your MFibs then you can see better.
The long entry was before.
Now when it is so high wait for a flip or hook.
But maybe it will be on an other pair. Wait patiently for the right setup.
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #367
  • Aug 15, 2016 2:27am Aug 15, 2016 2:27am
Quoting 4xtrader2003
Here is another one . . . . Dorian {image}
Yes this one is better but iGAP from outer MFibs with speed flip as confirmation. So its a short.
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #368
  • Aug 15, 2016 6:02am Aug 15, 2016 6:02am
Quoting Bernhard
{quote} Yes this one is better but iGAP from outer MFibs with speed flip as confirmation. So its a short. {image}
OKEY who got the trade?
After the call for short it dropped 90 pips !!!

The call was right in that white box
GBPJPY m5
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #369
  • Aug 15, 2016 6:04am Aug 15, 2016 6:04am
Quoting Bernhard
{quote} OKEY who got the trade? After the call for short it dropped 90 pips !!! The call was right in that white box GBPJPY m5 {image}
Just imagine how great it would be to code some kind of alert in when those 2 meets!
  • #370
  • Aug 15, 2016 6:16am Aug 15, 2016 6:16am
Bernhard,

Thank you for the advice, ill try it.

Dorian
  • #371
  • Aug 15, 2016 6:46am Aug 15, 2016 6:46am
Quoting Bernhard
{quote} OKEY who got the trade? After the call for short it dropped 90 pips !!! The call was right in that white box GBPJPY m5 {image}
Are those SupDem zones areas of supply because they are colored green?

So often I find so many SupDems drawn as being stop signs to entering a trade and therefore discourage what could otherwise be good trades.

Lightheart
  • #372
  • Aug 15, 2016 6:51am Aug 15, 2016 6:51am
To avoid confusion the indicator with the currency lines labeled is for now the bonus version, Special Edition CStrength28.
You can see easily with the CS names they are in alphabetical order.
Jet there is an other addon, nobody told till now.... (special for Jeff). (check the page ago)

So friends keep learning, practising and be active to get it !
I know you all need a small motivation.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #373
  • Aug 15, 2016 7:07am Aug 15, 2016 7:07am
Quoting Lightheart
{quote} Are those SupDem zones areas of supply because they are colored green? So often I find so many SupDems drawn as being stop signs to entering a trade and therefore discourage what could otherwise be good trades. Lightheart
Correct. I just have the supdem on my chart to be reminded of levels. Those levels for m5 are not as important. I consider only H1, H4 and higher.
Do not trade supply/demand on its own. We use currency strength as a confimation !
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #374
  • Aug 15, 2016 9:08am Aug 15, 2016 9:08am
Not the prettiest looking CS28 setup, but managed 63 pips on GBP weakness!
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  • #375
  • Aug 15, 2016 11:28am Aug 15, 2016 11:28am
Quoting Wigglesworth
Not the prettiest looking CS28 setup, but managed 63 pips on GBP weakness! {image}
Well a girl needs to look pretty.
But well done

Entry was when speed showed GBP down and NZD up. Not at trigger value on history but possible it was on live candle.
After a m15 consoidation or flag we have a continuation and within H4 CS trend.
Good!
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #376
  • Aug 16, 2016 2:02am Aug 16, 2016 2:02am
Quoting Bernhard
{quote} First in terms of a daily trade it is not failed jet. To have some days a draw down is normal. It is failed ones we got a HH on D1. And that would be atm at 700 pip! Thats why your entry price is bad. H4 supply zone would be 250 pip SL. The dGAP was the day after Monday so you could have taken all the 250 pips from Tuesday! You still have chance today if GBP news results in uncertain markets, JPY will be bought as a safe haven and so the actual demand zone can be broken and your trade will go. {image}
USDJPY DAILY TRADE: I think you should be still in the daily trade Merka and now in profit. As I said the high of the day before has now been tested. It it was supply and then price dropped and broke lower. This room you need to give for daily. There is monthly trend but JPY is at monthly MFib161 and also we are at USDJPY monthly support. So you should now break even with your SL and let it go if its go. If it breaks support it can go deep.

Difficult to follow daily trades here on FF because it takes so long time.

This is monthly trend
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #377
  • Aug 16, 2016 4:20am Aug 16, 2016 4:20am
USDJPY running trade at +58 pips
8 pip taken
rest positions running
m30 speed alert
CS dGAP 1 candle, compleeted in next candle
trend H4

I will trail now the SL'es lower to secure profits
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #378
  • Aug 16, 2016 4:58am Aug 16, 2016 4:58am
Quoting Bernhard
USDJPY running trade at +58 pips 8 pip taken rest positions running m30 speed alert CS dGAP 1 candle, compleeted in next candle trend H4 I will trail now the SL'es lower to secure profits {image}
first TP hit 70 pip
SL's trailed above LHs
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #379
  • Aug 16, 2016 5:30am Aug 16, 2016 5:30am
Quoting Bernhard
{quote} first TP hit 70 pip SL's trailed above LHs {image}
All positive USD trades closed because of red news in a few minutes.
3x 70 pip rest positions
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #380
  • Aug 16, 2016 8:27am Aug 16, 2016 8:27am
Quoting Bernhard
{quote} All positive USD trades closed because of red news in a few minutes. 3x 70 pip rest positions {image}
Of course, they pulled USD down to MFib -161 and than flipped it up on the NEWS !
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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