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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #481
  • Aug 31, 2016 5:09pm Aug 31, 2016 5:09pm
Why did you not pick CHF over Nzd ? Thanks .....
  • #482
  • Aug 31, 2016 11:56pm Aug 31, 2016 11:56pm
Quoting Forex1man
Why did you not pick CHF over Nzd ? Thanks .....
CHF did not drop at this time, no opposite speed but 3 candles later I took 6 pip. The move was not nice anti-synchroniced.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #483
  • Sep 1, 2016 3:40am Sep 1, 2016 3:40am
Made a not so smart trade this morning.
Tried a EURAUD long on M15 while the D1 was in a down trend. What was i thinking?

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  • #484
  • Sep 1, 2016 4:10am Sep 1, 2016 4:10am
Quoting Funk65
Made a not so smart trade this morning. Tried a EURAUD long on M15 while the D1 was in a down trend. What was i thinking? {image}{image}
Check CS trend in higher TF H4 or D1
Don't enter against higher TF supdem but wait for a flip or break.
Looks like the GAP EUR was to flat and no speed
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #485
  • Sep 1, 2016 8:45am Sep 1, 2016 8:45am
Anyone riding the GBPJPY rollercoaster? Merka are you killing it?

Some nice moves, unfortunately missed the biggest movements but still enjoyed some of the ride.

Yesterday, was up 65P on a trailing stop, went to sleep and there was a pretty big retracement. Stopped out at +35. Not sure if I like a trailer stop on GBPJPY.

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Today, wasn't gonna let the retracement get the best of me! So shorted GBPJPY on the ride down for 50P.

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Happy Trading!!
  • #486
  • Sep 1, 2016 9:00am Sep 1, 2016 9:00am
Quoting Funk65
Made a not so smart trade this morning. Tried a EURAUD long on M15 while the D1 was in a down trend. What was i thinking? {image}{image}
Hey Funk,

I think you had the right idea. EURAUD has been hovering around the 1.4900-ish mark, if it breaks there is no nearby resistance on the D1. As Bernhard says wait for a break or flip back down!
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  • #487
  • Sep 1, 2016 12:36pm Sep 1, 2016 12:36pm
Quoting Wigglesworth
{quote} Hey Funk, I think you had the right idea. EURAUD has been hovering around the 1.4900-ish mark, if it breaks there is no nearby resistance on the D1. As Bernhard says wait for a break or flip back down! {image}
Yes, thanks Wiggleworth for pointing that out.
I am happy i could get in that GBPJPY move early to get a 5:1. So that loss is already forgotten
  • #488
  • Sep 1, 2016 12:56pm Sep 1, 2016 12:56pm
Quoting Wigglesworth
Anyone riding the GBPJPY rollercoaster? Merka are you killing it? Some nice moves, unfortunately missed the biggest movements but still enjoyed some of the ride. Yesterday, was up 65P on a trailing stop, went to sleep and there was a pretty big retracement. Stopped out at +35. Not sure if I like a trailer stop on GBPJPY. {image} Today, wasn't gonna let the retracement get the best of me! So shorted GBPJPY on the ride down for 50P. {image} Happy Trading!!
Yes, really nice move on GBPJPY.
It's a pair that I like because of high volatility.
Cheers.
Merka
  • #489
  • Sep 2, 2016 4:12am Sep 2, 2016 4:12am
Nice winner this morning on AUDUSD M5 chart.

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  • #490
  • Sep 2, 2016 7:24am Sep 2, 2016 7:24am
Quoting Funk65
Nice winner this morning on AUDUSD M5 chart. {image}
good one

If you use SL above last high than add some pips plus spread or it might just be hit and than it goes as expected. This is for a short.
A long does not need add spread because you already bought at ask price.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #491
  • Sep 2, 2016 7:43am Sep 2, 2016 7:43am
Quoting Bernhard
{quote} good one If you use SL above last high than add some pips plus spread or it might just be hit and than it goes as expected. This is for a short. A long does not need add spread because you already bought at ask price.
Thanks Bernhard.

At that time price was within a H1 DZ and because of a bullish look on the D1 and H4 it was a countertrend trade and i didn't want to push my luck
  • #492
  • Sep 2, 2016 8:44am Sep 2, 2016 8:44am
Quoting Funk65
Nice winner this morning on AUDUSD M5 chart. {image}
Congrats!! Ah what a morning combination! Coffee, eggs and pips!! LOL
  • #493
  • Sep 2, 2016 8:56am Sep 2, 2016 8:56am
Again trying to join the GBPJPY party which has lasted all week! A bit late on the move, but OK..Was up 15 pips and set stop to BE. Got stopped out, lost out on the 50 pip ride! Oh well! Holiday Weekend to enjoy!!

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  • #494
  • Sep 2, 2016 9:21am Sep 2, 2016 9:21am
How was today with NFP? How did the indicator handle the situation?
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #495
  • Sep 2, 2016 9:58am Sep 2, 2016 9:58am
Quoting Wigglesworth
Again trying to join the GBPJPY party which has lasted all week! A bit late on the move, but OK..Was up 15 pips and set stop to BE. Got stopped out, lost out on the 50 pip ride! Oh well! Holiday Weekend to enjoy!! {image}
Wigglesworth, didn't you notice the JPY hook UP on the CStrenght28? Pitty though.
Have a nice weekend anyway!
  • #496
  • Sep 2, 2016 10:02am Sep 2, 2016 10:02am
Quoting Funk65
{quote} Wigglesworth, didn't you notice the JPY hook UP on the CStrenght28? Pitty though. Have a nice weekend anyway!
Funk, I was out strolling in the forest, so all I noticed were the birds and bees!
  • #497
  • Sep 2, 2016 10:28am Sep 2, 2016 10:28am
Quoting Wigglesworth
{quote} Funk, I was out strolling in the forest, so all I noticed were the birds and bees!
Haha, much more important then staring at your screen
  • #498
  • Sep 2, 2016 5:21pm Sep 2, 2016 5:21pm
Quoting princefred
How was today with NFP? How did the indicator handle the situation?
Hello Prince Fred!

Well the setup looked good! During NFP session the Cad was strong and JPY was weak. Up 100 pips. Here are the indicators showing the strength and the speed. Cheers!!

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  • #499
  • Edited 8:51pm Sep 2, 2016 8:36pm | Edited 8:51pm
Thanks wiggle. USD also showed a reasonable gap within the time so how was 5min AudUSD, USDCAD NZDUSD also XAUUSD . What's the TF of the chart you sent? Another good part I see is that EUR didn't diverge from USD in the CS cos that would have saved one from the whipsaw in EURUSD.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #500
  • Sep 3, 2016 10:24am Sep 3, 2016 10:24am
Quoting Wigglesworth
{quote} Hello Prince Fred! Well the setup looked good! During NFP session the Cad was strong and JPY was weak. Up 100 pips. Here are the indicators showing the strength and the speed. Cheers!! {image}
This is it how it works !
Buy the strong and sell the weak and the best of it: we do not need many charts !
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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