28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

I thought that might be too basic.
So let’s first have a look at the 8 main currencies which are:
US Dollar, Euro, Yen and Pound, these are the most important because they have the largest trading volume, and then there are Swiss Franc, Australian, Canadian and New Zealand Dollars.
Remember in any chart there are two currencies they are called the BASE and the QUOTE currency.
So there are 28 currency pairs:
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY.
To maximize your wins and minimize your losses you need to know what an individual currency is doing in the context of the whole market.

This might be interesting for swing traders or gold traders.
Posted Thursday last week 13.10. in a forcast
Does GOLD have found its bottom?
What does price action tells you?
Here a H4 chart. Looks like just flat flat flat....

Now lets see what the true value of GOLD is. We need to get the strenght of all main currencies and eliminate the USD factor out of the Gold value.
(XAUUSD: that is the price of gold in US dollar. If XAUUSD is moving up how do you can know if it is gold moving or if it is the US$ ? Only if gold is moving do we want to trade it.)
XAU/USD >>>> XAU (usd deleted)
golden line = Gold
red line = USD
the other currencies thin lines

If you was following my recent thread than you will know the trading techique called the double-GAP.
We see here the true value of Gold is trending up and the currency USD is trending down in the opposite direction.
A trader will now try to find in lower time frames a setup for a long entry. SL and TP is left to the experience and personal preferencs of the trader. I do use herefor recent highs and lows or supply and demand zones. also is possible to wait for a long breakout. A short breakout I would expect to fail under this conditions.

Then added to the forcast on Tuesday on 18th.
Now it is 3 market days later (without weekend), lets see what we got:
USD strength is more dropping
Gold strength is rising
a failed breakout to the short side
a continuation double GAP: USD - gold
a cross USD and Gold strength

And today we have up 180 PIPs.

nice to see your trade over 2/1/2 days long term trader just shows what can be done with the system just out of interest were was your stop.i take the c28 speed played no part in it ?

Hi Bernhard. Whatever happened to the EA? I know you've been testing for over 6 months. Did it fail in the long term test? Thank you

The speed indicator does not read gold. So we use the old strategy with the double-GAP for gold-strength and USD-strength.
But it is not the first time I posted a long term trade.

4hr EA and AN.
+14
+26

well done

hello bernhard. how are you? i hope you have excellent trading week. Via mail, you just told me the price of indicators. and i am waiting for any myfxbook or trade explroer. plz provide the link. i am so interested in your indicator.

I have been using the CStrength indicator for a little over a month and it has really helped to make positive improvement to my bottom line, these are 2 trades I took on Friday for a total of 68 pips

FYI: Arrow were place manually.

http://screencast.com/t/wyVPbCNbO

Dorian

I think we have in the threads already a lot of examples including live trades and automated forward tests with reports. One just need to read the full thread and you will find many many feedbacks and testimonials from people. We agreed in many earlier discussions to respect the privacy of the trader. Thats why you will not find live account explorers here. There can be personal reasons or security conserns http://prntscr.com/cxt04o

Since some days I looked some more into scalping matters. and heeh there is much to discover.

Entry with speed m1
agreement in direction of CS m1, m5, m15

trade then managed accordingly to develoupment of CS m1, later m5, finally m15
took off 40 PIPs

GBPJPY m1
18 pip

red: no entry with outside direction if CS lower than MFib -100
white: CS inside direction allowed

this is the differency of "some" indicators and specialized indicator

Here you see how important it is to stay within higher time frame trend.
Middle window shows CS higher TF.
Price action did not agree first on smaller TF (m1) but followed later into the short.
The trade was then taken by speed signal live candle in direction of higher TF trend.

More scalping with m1.
Looks like cardiogram

scalps m1 EURUSD
you need to know how to read CS GAP
101 pip in total
SL was 2 pip, sometimes hit of course, but TP is bigger

Hello Bernhard,

I would be interested in scalping 1 min like you have shown above.

Please can we discuss and develop a process that we can all follow to develop this short term trading ?

To get started i was wondering whether you can jot down your process for taking those trades?

Thanks alot,
Bill