28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions | Page 59 | Forex Factory

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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #1,161
  • Feb 15, 2017 11:17am Feb 15, 2017 11:17am
@saadan As a beginner, I will you advise you work with 15 min and 1hr as 5mins might give too many signals on too many pairs. It takes a lot of skill to be a successful scaper of 5min.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #1,162
  • Feb 15, 2017 10:46pm Feb 15, 2017 10:46pm
Quoting princefred
@saadan As a beginner, I will you advise you work with 15 min and 1hr as 5mins might give too many signals on too many pairs. It takes a lot of skill to be a successful scaper of 5min.
Ive done 5min on systems like doublegap before. or princefred is 10min or 12min the best i wonder about this? MT5 has 10min 12min.
  • #1,163
  • Feb 16, 2017 12:00am Feb 16, 2017 12:00am
Quoting vasalahaimer
{quote} Ive done 5min on systems like doublegap before. or princefred is 10min or 12min the best i wonder about this? MT5 has 10min 12min.
I mentioned 15mins time frame specifically. But better put let me say at least 15min time frame for beginners so you don't rush in to the many signals 5 mins presents as it can be a bigger burden choosing the "right" signal off 5min and even exiting right. But the after news strategy is OK with 5mins.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #1,164
  • Feb 16, 2017 4:37am Feb 16, 2017 4:37am
Quoting saadan
{quote} Thanks once again for you Bernhard and Husky. Just know i took buy trade in EUR/JPY 5 min TF. In all TF 30 min, 4H, and daily JPY is down. {image} {image} {image}
Alright we can learn from it something.
We looking for a dGAP with required angle or slope but in this case EUR was too flat.
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You could have paired instead with USD. That was stronger.
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The Daily was not rigth. We need both quote and base currency in OPPOSIT direction. We had JPY down but EUR too, this is lower odds. Better would have been to pair with USD because USD was up.
Attached Image


Please reread my theory about double GAP and single GAP in post 2.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,165
  • Feb 16, 2017 10:21am Feb 16, 2017 10:21am
GBPUSD 56 pip
entry 5 minutes after news. The strongest against the weakest currency.

H1 the trade
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M5 the entry
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M1
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,166
  • Feb 16, 2017 11:29am Feb 16, 2017 11:29am
Quoting Bernhard
GBPUSD 56 pip entry 5 minutes after news. The strongest against the weakest currency. H1 the trade {image} M5 the entry {image} M1 {image}
I took that early than you
but exit kinda late
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Take what you can, give nothing back
  • #1,167
  • Edited 3:51am Feb 17, 2017 2:34am | Edited 3:51am
and boom and boom
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Take what you can, give nothing back
  • #1,168
  • Feb 17, 2017 4:21am Feb 17, 2017 4:21am
Quoting Husky77
and boom and boom {image} {image} {image}
Well done Husky
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,169
  • Feb 17, 2017 4:26am Feb 17, 2017 4:26am
and i closed most of them.for a friday really not bad.gbp data helped us of course.done for the week.
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Take what you can, give nothing back
  • #1,170
  • Feb 17, 2017 4:31am Feb 17, 2017 4:31am
Speed signals have to be taken in direction of higher TF trend. Here with 2 charts on screen. Left is H1, right is M5.
If speed hits MFib50 on both sides it is very strong signal. Like in this case JPY and GBP.
Earlier signal: the MFib23 was hit by JPY twice before.
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,171
  • Feb 17, 2017 8:28am Feb 17, 2017 8:28am
One current 8 pips scalp.
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  • #1,172
  • Feb 17, 2017 9:04am Feb 17, 2017 9:04am
anticipation with impulse playing tight around 161 fibo
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Take what you can, give nothing back
  • #1,173
  • Feb 17, 2017 1:03pm Feb 17, 2017 1:03pm
Quoting Husky77
anticipation with impulse playing tight around 161 fibo {image}
Looks like we took the same trade but mine was a bit shorter as there were supply level so I quit sooner.
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  • #1,174
  • Feb 17, 2017 1:12pm Feb 17, 2017 1:12pm
Quoting teapeak
{quote} Looks like we took the same trade but mine was a bit shorter as there were supply level so I quit sooner. {image}
woaw thats nice.
i really ignore most of the time sup/res on lower TF and watch more big levels.as i use this sistem now for finding perfect trigger after watching whats happening on bigger TF's.
Take what you can, give nothing back
  • #1,175
  • Feb 18, 2017 9:08am Feb 18, 2017 9:08am
Тhis is my 2 week demo and the worst transaction.May be I have to try with SL.

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  • #1,176
  • Feb 18, 2017 3:37pm Feb 18, 2017 3:37pm
Quoting AsenGenow
Тhis is my 2 week demo and the worst transaction.May be I have to try with SL. {image} {image}
I can see from your list you closed your first 2 weeks test in profit. So you did well.
About your worst transaction you entered when CS USD was outside or hit MFib100. This is often a turning point. Thats why we have the rules not to enter oGAP anymore. Because it was a very big m15 candle (possible news) you can switch down to m5 to have better entry and view.
About stop loss learn that a professional trader NEVER trades without SL !! Well it was demo so you may not care but the time you try real don't do that ever. A SL should be placed behind highs and lows or supply/demand levels. A point/level which will tell you IF the price goes there you are wrong.
So keep going and practice, reread both threads. I wish you many green pips in the future.
Regards Bernhard
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,177
  • Feb 19, 2017 3:00am Feb 19, 2017 3:00am
Quoting AsenGenow
Тhis is my 2 week demo and the worst transaction.May be I have to try with SL. {image} {image}
Thats about 40 % profit from weeks training. That's great. Take the lessons as stated on the thread and you will be fine. Meanwhile did you take all the trade from 15mins or some from 5mins?
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #1,178
  • Feb 19, 2017 3:35am Feb 19, 2017 3:35am
Quoting Bernhard
{quote} Thats why we have the rules not to enter oGAP anymore.
I missed this. Please would you direct me to the post so I can learn about this? Thanks
  • #1,179
  • Feb 19, 2017 4:34am Feb 19, 2017 4:34am
Quoting nigpig
{quote} I missed this. Please would you direct me to the post so I can learn about this? Thanks
Do not take my words out of the context. It was about when CS is outside MFib100. This is often a turning point.

Post 33 of the strategy thread.
It say: If the CS is outside of inner zone (outside of MFib 100/-100) do not trade an oGAP but if speed signal flips and the CS hooks you are allowed to trade the iGAP from the higher MFib levels.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,180
  • Feb 19, 2017 5:41am Feb 19, 2017 5:41am
Quoting princefred
{quote} Thats about 40 % profit from weeks training. That's great. Take the lessons as stated on the thread and you will be fine. Meanwhile did you take all the trade from 15mins or some from 5mins?
From 15mins. Next week I will try with SL.
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