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28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #1,221
  • Feb 22, 2017 10:36am Feb 22, 2017 10:36am
Quoting Husky77
{quote} whats that slopes in second screen?
Jus some SMA (21&63). I use them just to know where price is on a biger time frame so i dont hafe to change timeframes. I do not trade of them, they are just for refrence. And they also help to eyemesure the momentum(angle). I have had them on my charts for years so its kind of hard to get rid of them
Hope was helpful
  • #1,222
  • Feb 22, 2017 10:42am Feb 22, 2017 10:42am
Quoting Piparins
{quote} Jus some SMA (21&63). I use them just to know where price is on a biger time frame so i dont hafe to change timeframes. I do not trade of them, they are just for refrence. And they also help to eyemesure the momentum(angle). I have had them on my charts for years so its kind of hard to get rid of them Hope was helpful
LOL thx i was kinda thinking you put CSS slope on main chart hahaha.i forget abut the MA's
thx for answer
cheers!
Take what you can, give nothing back
  • #1,223
  • Feb 22, 2017 11:32am Feb 22, 2017 11:32am
Quoting Husky77
{quote} LOL thx i was kinda thinking you put CSS slope on main chart hahaha.i forget abut the MA's thx for answer cheers!
Exactly my take on them. I even thought of replicating the css on the main chart only to drop the idea cos I felt it will litter the chart too much. But then it's a good option to explore.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #1,224
  • Feb 22, 2017 11:38am Feb 22, 2017 11:38am
Quoting Bernhard
{quote} EURCAD trades closed with total of 67 pip. 2 positions have been trailed and closed on a pullback. The 3rd position has not been trailed and hit TP. Sometimes it is better not to trail and let the price room to breave. Or like here split the position. A 50 to 61% pullback of the last high/low can always be expected. Often we see like in this example the space between EUR and CAD was always given. {image}
Don't be maried with buy or sell direction. When outer MFib levels are hit reversals are likely. Here was EUR at MFib -161 and then reversed while CAD was already in the fall.
An other 57 pip...
Attached Image (click to enlarge)
Click to Enlarge Name: DEMAND_break3.png Size: 75 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,225
  • Feb 22, 2017 8:53pm Feb 22, 2017 8:53pm
Hi I am new in this stategy. I had first two trades today. Can you plase correct me if I was wright?

First AUDJPY RR 1:1 hit my TG.

Second AUDNZD I didnt like it how it goes so I close with small profit.

Thnank you

Attached Image (click to enlarge)
Click to Enlarge Name: first trade.png Size: 59 KB
Attached Image (click to enlarge)
Click to Enlarge Name: second trade.png Size: 68 KB
  • #1,226
  • Feb 22, 2017 9:49pm Feb 22, 2017 9:49pm
Quoting luckybay
Hi I am new in this stategy. I had first two trades today. Can you plase correct me if I was wright? First AUDJPY RR 1:1 hit my TG. Second AUDNZD I didnt like it how it goes so I close with small profit. Thnank you {image}{image}
Welcome. All correct keep it up. But hope you had a look at htf nereby SupDem. Also your broker seems to provide very low spread on the pairs. what's the broker?
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #1,227
  • Feb 23, 2017 2:19am Feb 23, 2017 2:19am
Quoting princefred
{quote} Welcome. All correct keep it up. But hope you had a look at htf nereby SupDem. Also your broker seems to provide very low spread on the pairs. what's the broker?
The broker is ICMarkets.

WHat is mean - htf nereby SupDem?

Thanks
  • #1,228
  • Feb 23, 2017 3:37am Feb 23, 2017 3:37am
Quoting luckybay
Hi I am new in this stategy. I had first two trades today. Can you plase correct me if I was wright? First AUDJPY RR 1:1 hit my TG. Second AUDNZD I didnt like it how it goes so I close with small profit. Thnank you {image}{image}
AUDJPY was correct.
In case of AUDNZD the angle/slope of NZD was already flattening.
Remenber the rules: an iGAP need to have a stronger angle than an oGAP.
(post 5) It say:
"To be strong up-slope from negative zones must be steeper than up-slope within positive zones. Because if the currency is still in negative zone it have still weak sentiment until it cross the zero market line."
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,229
  • Feb 23, 2017 3:43am Feb 23, 2017 3:43am
Quoting Bernhard
{quote} AUDJPY was correct. In case of AUDNZD the angle/slope of NZD was already flattening. Remenber the rules: an iGAP need to have a stronger angle than an oGAP. (post 5) It say: "To be strong up-slope from negative zones must be steeper than up-slope within positive zones. Because if the currency is still in negative zone it have still weak sentiment until it cross the zero market line."
thank you Bernhard.
  • #1,230
  • Feb 23, 2017 5:10am Feb 23, 2017 5:10am
Is it quiet on the market or I just cant see trades? :-)
  • #1,231
  • Feb 23, 2017 5:35am Feb 23, 2017 5:35am
1 winner, 1 loser and one PA+CSspeed signal scalp.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad.PNG Size: 118 KB
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Click to Enlarge Name: gbpjpy.PNG Size: 107 KB
  • #1,232
  • Feb 25, 2017 7:52am Feb 25, 2017 7:52am
Check out post 59

Currency Strength is stronger...
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,233
  • Feb 25, 2017 8:45am Feb 25, 2017 8:45am
Be careful with the next windows 10 update. Write down your MT4 passwords! After the windows update ones again the password IS NOT anymore SAVED !!
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,234
  • Feb 25, 2017 12:14pm Feb 25, 2017 12:14pm
Quoting Bernhard
{quote} EURCAD trades closed with total of 67 pip. 2 positions have been trailed and closed on a pullback. The 3rd position has not been trailed and hit TP. Sometimes it is better not to trail and let the price room to breave. Or like here split the position. A 50 to 61% pullback of the last high/low can always be expected. Often we see like in this example the space between EUR and CAD was always given. {image}
Yes, Bernhard. I like to see it on the 1 hour chart. It is a different world than the 5 minute or 1 minute charts. And it is slower, so more comfortable. It pulls back 50% or 61.8% and you need to watch the price action after it flips against us.
  • #1,235
  • Feb 25, 2017 12:43pm Feb 25, 2017 12:43pm
Quoting Piparins
1 winner, 1 loser and one PA+CSspeed signal scalp. {image} {image} {image}
Hi Piparins, wherefrom do you have this Supply Demand Zones (green and red areas)?

Is this a separate indicator?
  • #1,236
  • Feb 25, 2017 6:26pm Feb 25, 2017 6:26pm
Quoting Bernhard
{quote} Don't be maried with buy or sell direction. When outer MFib levels are hit reversals are likely. Here was EUR at MFib -161 and then reversed while CAD was already in the fall. An other 57 pip... {image}
There was that pullback on EURCAD about 50% on the 1 hour after it fell down. Then, there were a small bearish candles that formed after it pulled back. I am just not comfortable trading it when it falls down, only the pull back.

Then, maybe a 15 minute chart can be used to determine whether or not to trade the 50% or 61.8% level with a 15 minute oGAP or 5 minute oGAP in the direction of the 1 hour.

Here is what I am referring to with that trade you took Bernhard:
1 Hour Chart showed an oGAP: https://gyazo.com/018c40f35c97bbd500078c925ff25d5e
Then, there was a pullback to the 38.2% to 61.8% levels. Then, looking at the price and the oGAP that occurred beforehand, I take the risk, since the bars turned back bearish and are wicky at an area of resistance and fib levels.

The risk is never getting that pullback, and one would have been waiting 8 hours already to take that trade instead of using the momentum of the moment with the oGAP.

What do you think Bernhard?
Attached Image (click to enlarge)
Click to Enlarge Name: currency_meter_1.png Size: 56 KB
  • #1,237
  • Feb 26, 2017 5:21am Feb 26, 2017 5:21am
Quoting pipit100
{quote} There was that pullback on EURCAD about 50% on the 1 hour after it fell down. What do you think Bernhard? {image}
I think if you had read the thread, then you would have already found...
But we can recall it, no problem.

Check Post 203

It is up to the trader how to execute the trade with a CS signal. (I say this all the time because I want you to have freedom and be in control of your trading.)
Basically I use 3 methods when it comes to opening a trade.

  1. direct market order
  2. pending limit order
  3. pending stop order

........

Post 778 pending limit order on pulllback

Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,238
  • Feb 26, 2017 8:42am Feb 26, 2017 8:42am
Quoting Fred-IV
{quote} Hi Piparins, wherefrom do you have this Supply Demand Zones (green and red areas)? Is this a separate indicator?
check post 56 and email me ([email protected])
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,239
  • Feb 28, 2017 3:19am Feb 28, 2017 3:19am
Today, US President Donald Trump is addressing the US Congress. It is expected that Trump will present the first details of his tax reform. If the high expectations of market participants are not met, the markets are likely to be under considerable pressure.
Attached Image


The plan is to watch with CS-GAP and speed on the M5 chart which currency is bought and which one is sold and trade accordingly. It needs to be strong angle/slope (check speed).
Do trail hard your profits and cut a loss quick. It should go straight away in the direction.
We also expect the markets to be quite before the event.
Good luck.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #1,240
  • Feb 28, 2017 7:00am Feb 28, 2017 7:00am
Quoting Bernhard
{quote} I think if you had read the thread, then you would have already found... But we can recall it, no problem. Check Post 203 It is up to the trader how to execute the trade with a CS signal. (I say this all the time because I want you to have freedom and be in control of your trading.) Basically I use 3 methods when it comes to opening a trade. direct market order pending limit order pending stop order ........ Post...

No, you are not going to confuse newbie traders here. That is why you have us. Or, you could have put it in the book. Now, it make things more complicated. hehe...

That you for caring and being thoughtful about whether newbies will be confused.

Yes, somehow while reading through this whole thing I did not see the word "pullback" trade or "retracement" trade. So, you are calling a pending order a pullback or retracement trade.

So, for this 4 hour chart of this GBPJPY trade, I saw the pullback and waited a little and now the oGAP remains valid, correct? I am short GBPJPY.

https://gyazo.com/f1b1cdefc015a449a4043e6d5a9f72e9
Attached Image (click to enlarge)
Click to Enlarge Name: f1b1cdefc015a449a4043e6d5a9f72e9.png Size: 34 KB
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