28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

A good CADJPY trade . . . .

Dorian

Welcome back Dorian

It's been quite a while since I last posted. I just don't have all the time to trade. But still I can manage to find some time. Here are the trades I took last Friday.
There was a good setup. Good angle, good gap of the CS lines. Great trading again with Currency_Strength28.

EURCAD


CADCHF


AUDCAD

Hi Bernhard,

On your first post on this thread "28pairs currency strength trading system" https://www.forexfactory.com/showthread.php?t=584503

You have links that are "Excellent videos from buddy Lightheart"

However, those links don't work.

Can you please post the working links, so I can see those videos.

Thanks in advance.

Well done Marc
Yes, its important look at the angles. It means the market is moving.

Thanks for heads up. It needs to be reposted. I will check it out.

I am often asked for trade rules list. They are mainly posted in the system thread. Some are optional because I do not want to rewrite the bible, some liberty is important. It is up to the trader how he trades and how it fits his personality because psychology is important in trading.
Well... the basics are:

1. Stay in trend of higher timeframe (go higher TF until line smoothes out, like M15 and H4)
2. Trade on strong angles (like range CS of MFib 23 to zero, or speed above 20)
3. Avoid flat market.
4. Do not trade outside GAP if currency is over or under MFib100/-100
5. Check supply demand, do not trade against if it is no place for the target.
6. Always use a stop loss. Keep it behind a level like highs or lows or S/R. Avoid a fixed number of pips.
7. Try to find SL on lower TF and TP at higher TF, this gives you better risk/reward. Try to be better than 1:1. I did even target 5+ times bigger TP than SL but it needs good entry and experience.
8. Cut your losses soon and let your winners run.
9. Avoid red news if you are a beginner. Close your profits before the news or trail SL hard.

Hope it helps.
Regards Bernhard

this is how my 2 Screens look like is this setup good or can i optimize it? I want trade the 15 min chart with h4 for the trend.

I try to get when to enter and when to exit but i dont really know how i have to

Speed is meant for entry on the lower TF.
For your left side M15 plot the indicator in this order to the chart:

1. Advanced Supply Demand
2. Currency Strength28
3. Currency Strength28 SPEED

For your right side H4 get trend with CS

1. Advanced Supply Demand
2. Currency Strength28

The trade of the last spike you show in your picture was not with EURUSD. If you follow the SPEED, NZD was much stronger than EUR. So the trade was with NZDUSD.

Latest M15 Speed/Impulse signal from yesterday

Bevor you install the new windows 10 update make sure you write down your MT4 account login. After the update, the login will not be remembered!

I have took 2 trades today on m15 after a Speed signal and the CS formed a double gap and the result was one win and one loss

Try to get the things done the last week hope to master the setups soon

You are welcome Arlucad. Practice makes perfect. Try to get your targets bigger than your stops and you will be fine even with a 50% win rate.

yea but to work with every indicator together is not so easy

Because most when i think now i can take a trade something doesnt fit.


Is it possible that you make a trading video where you expain how to trade everything together?

Correct entry?

I think the gap ist not good.

MT5 versions will be released soon.

Well if you have MT4 already you do not need to change anything. I still prefer the old fashion MT4. But MT5 have some nice features like News flags on the chart and a lot of different time frames like here an M10.

I have tried this system for several months now, and can say for sure it will not work if one can only trade the NY session, and can only trade the higher timeframes H4, D1. Even with H1 during the NY timeframe following the crosses will get one into trouble more than 50% of the time. Just look at the rules a few posts back, to follow the rules one would have to spend nearly 100% of every day trading during the London/NY sessions, and I can assure you if only trading the NY session the win rate is well below 50%. May work fine if one is willing to trade during the London session, watch the charts, and follow the rules for at least 4 hours a day.

Sorry, buddy you can only tell this for yourself, not for others. Looks like you did not understand the system after all. We do NOT trade the crosses! I never posted we using crosses. Many others with same time schedules do very well with the system. Will send you an email, maybe we can figure out what you do wrong.

Yes, the GAP is not good and no confirmation on higher TF. But lets look at this example how to change a loss to a winner if the SL and TP are perfect because both in your example are wrong.

1. Fist lets see the stop. I said many times we do not use fix pips but highs and lows. So what could be the reason to put your stop at this level? There is no reason. A big candle can easily be tested to the high, so get your "damn" stop above the last high!
2. Second, apply spread and room: A short is entered on bit price and closed on ask price. The ask price does not show in candles, a candle does only show the bit price. So imagine for you shorts stop level each candle a little bit higher or add the spread to the last high. then add additional some pips as room because often a level got broken by 2 pip and then price drops. Meaning: Get your SL above last high + spread + room.
3. Third, let us see the target. Same but inverted applies as for the stop. The target is closed by ask price. But you put your target exactly on the inner line of demand. This is wrong. Again you have to add to the price level + spread + room.

Now when we apply all these rules we turned a loser into a winner even the setup was not perfect:

Said above for a short. Will there be a change for a long? Of course!
A BUY is entered on ask price and closed on bit price. What does it mean? We already paid the spread with the entry. So we do not care anymore for the spread with stop and target levels but we will add the room (some pips), now of course to the downside.
SL below last LOW minus room.
TP below next level minus room.