28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions | Page 27 | Forex Factory

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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #521
  • Sep 7, 2016 6:03am Sep 7, 2016 6:03am
On CS, I see NZD powering away in the different TF posted , why no trade for it. ?
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #522
  • Sep 7, 2016 7:25am Sep 7, 2016 7:25am
Quoting princefred
On CS, I see NZD powering away in the different TF posted , why no trade for it. ?
Yes I did went for GN . It went 40pips south. Unfortunately I exited too early at 15 pips as I saw possible resistance on other chart. Now I have to read how to go exit too early
  • #523
  • Sep 7, 2016 8:18am Sep 7, 2016 8:18am
Quoting joshuayip
{quote} Yes I did went for GN . It went 40pips south. Unfortunately I exited too early at 15 pips as I saw possible resistance on other chart. Now I have to read how to go exit too early
Exactly the pair I would do. For the exit, scaling out would be better instead of closing all and you can apply and ATR in pips indicator(I can upload the one I use) also Bernhard suggested some very good exit rules.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #524
  • Sep 7, 2016 8:34am Sep 7, 2016 8:34am
Quoting Bernhard
{quote} SL trailed again. There is H1 considering to close if first subdem inner line not break than TP at second. {image}
Trade closed with 45 pip
because demand inner line has hold the second time and did not break.
and CS GBP is around MFib -161
Attached Image (click to enlarge)
Click to Enlarge Name: gu_update.png Size: 18 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #525
  • Sep 7, 2016 8:54am Sep 7, 2016 8:54am
GBPNZD have good signal for long . Thanks Bernhard. Great system.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-07_205216.jpg Size: 476 KB
  • #526
  • Sep 7, 2016 10:40am Sep 7, 2016 10:40am
Quoting bizufx
GBPNZD have good signal for long . Thanks Bernhard. Great system. {image}
For me, trading the iGap is like trade using the tsunami warning system. Although tsunami is coming, none of my indicators seems to pick it up. But once you get the hang of this iGap, the system presents the opportunity to trade with trend and counter trend with higher confidence level. Bravo Bernhard!
  • #527
  • Sep 7, 2016 1:35pm Sep 7, 2016 1:35pm
Quoting joshuayip
{quote} For me, trading the iGap is like trade using the tsunami warning system. Although tsunami is coming, none of my indicators seems to pick it up. But once you get the hang of this iGap, the system presents the opportunity to trade with trend and counter trend with higher confidence level. Bravo Bernhard!
Good comparison!!
  • #528
  • Sep 7, 2016 1:38pm Sep 7, 2016 1:38pm
Ugly, but effective. Good R:R

NZDCAD 5p SL-- +19

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 93 KB
  • #529
  • Sep 7, 2016 1:40pm Sep 7, 2016 1:40pm
Quoting Wigglesworth
Ugly, but effective. Good R:R NZDCAD 5p SL-- +19 {image}
Nice one Wiggle!
  • #530
  • Sep 7, 2016 2:16pm Sep 7, 2016 2:16pm
Quoting Wigglesworth
Ugly, but effective. Good R:R NZDCAD 5p SL-- +19 {image}
nice catch

Friends I am happy every one got green pips
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #531
  • Sep 7, 2016 2:41pm Sep 7, 2016 2:41pm
I'm killing the GBP/JPY.
Till now I'm up +190 pips but still running nicely my sell order.
Cheers.
Merka
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily 07-09-2016.png Size: 51 KB
  • #532
  • Sep 7, 2016 2:44pm Sep 7, 2016 2:44pm
Wiggles, EURCAD I believe should make more pips within the same period of time. It usually has higher ATR value.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #533
  • Sep 7, 2016 4:43pm Sep 7, 2016 4:43pm
Quoting Wigglesworth
Another perspective for confirming trade. Currently showing Asian session heatmap and CS Speed combo. Will reset for London/NY session. {image}
Hello Wigglesworth
Could you please explain a bit that concept?
On that chart I'm seeing a table (GBP 7.4 NZD 6.6 EUR 5.6 etc...). What is that table for and how do you use it in your trades? I saw it several times on your charts.
On the same chart I can see also to columns of pairs with % underneath them. What they are?

Cheers.
Merka
  • #534
  • Sep 7, 2016 10:22pm Sep 7, 2016 10:22pm
Quoting princefred
{quote} Exactly the pair I would do. For the exit, scaling out would be better instead of closing all and you can apply and ATR in pips indicator(I can upload the one I use) also Bernhard suggested some very good exit rules.
Hi Princefed , yes pls upload the indicator. Thks
  • #535
  • Sep 7, 2016 10:24pm Sep 7, 2016 10:24pm
Quoting princefred
Wiggles, EURCAD I believe should make more pips within the same period of time. It usually has higher ATR value.
HI PrinceFred,

Good observations! Today the EURCAD topped out at about +62

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB



and the NZDCAD topped out at about +102 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 53 KB
  • #536
  • Sep 7, 2016 10:27pm Sep 7, 2016 10:27pm
Quoting Merka
I'm killing the GBP/JPY. Till now I'm up +190 pips but still running nicely my sell order. Cheers. Merka {image}
You predicted this move!! Congrats!
  • #537
  • Sep 7, 2016 10:56pm Sep 7, 2016 10:56pm
Quoting Merka
{quote} Hello Wigglesworth Could you please explain a bit that concept? On that chart I'm seeing a table (GBP 7.4 NZD 6.6 EUR 5.6 etc...). What is that table for and how do you use it in your trades? I saw it several times on your charts. On the same chart I can see also to columns of pairs with % underneath them. What they are? Cheers. Merka
Merka,

I use several computer screens. The indicators you are asking about are a currency strength meter and heatmap. Just another way to see strong and weak currency. Here they are side by side. You can see how they confirm the CS 28 for NZDUSD.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 164 KB
  • #538
  • Sep 7, 2016 11:49pm Sep 7, 2016 11:49pm
Start of the new trading day. GBPJPY 6Pip SL-- Set to break even after 5P--- 20TP Off to sleep!!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
  • #539
  • Sep 8, 2016 12:51am Sep 8, 2016 12:51am
Quoting Wigglesworth
{quote} HI PrinceFred, Good observations! Today the EURCAD topped out at about +62 {image} and the NZDCAD topped out at about +102 pips {image}
Your analogy actually proves me wrong but I mean considering only the news release period roughly from about 9:35
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #540
  • Sep 8, 2016 2:20am Sep 8, 2016 2:20am
Quoting joshuayip
{quote} Hi Princefed , yes pls upload the indicator. Thks
You do not want to mix systems with different calculations and are not tested over hundred of trades. CS28 and Speed are built on the same underlying algorithm.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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