Keep the faith Bernhard! Lightheart

28pair Currency Strength double-GAP Momentum Strategy

Bernhard: Would it be correct to say you entered that first of two AUDUSD H4 trades above this post of mine a bit early as the double gap did not have one of its currencies (USD) on the opposite side of the zero line?

28pair Currency Strength double-GAP Momentum Strategy

Bernhard . . . do you mostly trade the longer time frames? If so, which two? Thanks.

28pair Currency Strength double-GAP Momentum Strategy

Thank you 21vs7. I have a gadget that takes a screenshot of a chart every minute. It does so in the background while I trade. I have used it with other indicators to determine if there is significant repainting. Perhaps I will install the gadget on ...

28pair Currency Strength double-GAP Momentum Strategy

Thank you for your comment AAGarcia. I am still working to better understand the use of that part of the rules as I often see good setups where the "x" is not yet above the zero line on the M5 time frame. I am not known as a rule follower and ...

28pair Currency Strength double-GAP Momentum Strategy

Thanks! 1] Have you experimented using a NEGATIVE shift 2 on your 5EMA?, and 2] what is the trading time indicator you refer to? Lightheart

28pair Currency Strength double-GAP Momentum Strategy

Here is a short video of how I am using Bernhard's strength meter: url

28pair Currency Strength double-GAP Momentum Strategy

Bernhard: Thank you for your reply above to fxbell. It has compiled some of the CStrength28 essentials into one area. To enable an easier read/review of your concepts, I have exported your entire 26-page thread, converting it into one complete PDF ...

28pair Currency Strength double-GAP Momentum Strategy

What does "CS" mean? Currency strength?

28pair Currency Strength double-GAP Momentum Strategy

Bernhard, I have not seen the benefit of using the FIB market sentiment "x" line. What am I missing? I trade the M1 chart mostly, but at your suggestion, have waited for the market sentiment "x' line to be above the FIB 50 on the M5 chart before I ...

28pair Currency Strength double-GAP Momentum Strategy

Bernhard . . . 1] do you require the Market Momentum "x" line to be ABOVE FIB 23 or FIB 50 level before you enter a trade? I thought I recall your saying you needed the "x" line to be above the FIB 50 level. 2] If using the H1/M15/M5 time frames, ...

28pair Currency Strength double-GAP Momentum Strategy

Homework Assignment: EURAUD entry long. I marked each chart with a RED UP ARROW representing the same moment in time on each of the five charts shown. The four CStrength28 charts are the H1/M15/M5/M1. image

28pair Currency Strength double-GAP Momentum Strategy

Jan . . see above where I disclose that I reside in the US. No 400:1 leverage for me . . . . 50:1 is the best one can do (or worst depending on one's perspective!). I find many traders fool themselves declaring they trade with low spreads when in ...

28pair Currency Strength double-GAP Momentum Strategy

EURAUD is one of the primary pairs I trade in addition to EURCAD, EURNZD, GBPAUD, GBPJPY. While the spreads on some of these are large (I use Oanda and reside in the US), the ADRs make it worth it. 5 day ADRS: EURAUD = 340; EURCAD = 246; EURNZD = ...

28pair Currency Strength double-GAP Momentum Strategy

I waited on that reversal down on the EURAUD until it reached its extreme high (at least at the moment!!). A quick 33 pips were had bringing today's total to nearly 100 pips! Nice way to finish off the week! image

28pair Currency Strength double-GAP Momentum Strategy

Like a coiled snake waiting in the weeds! LOL

28pair Currency Strength double-GAP Momentum Strategy

+18 EURAUD and +10 on EURCAD just now using the M15/M5/M1 time frames. The four strength meters are the H1/M15/M5/M1. Both pairs went on to make over 40 pips, but I had (unfortunately) already gotten out. image image Added another 21 pips on the ...

28pair Currency Strength double-GAP Momentum Strategy

JanPec1000, what time frame are you using on your Sentiment chart? I see you only use one time frame sentiment chart. Thank you.

28pair Currency Strength double-GAP Momentum Strategy

Here is an example of success using the approach (I mentioned a few posts earlier; see above post) of having three or four strength meter time frames in synch with each other before entering a trade. The strength meter time frames from left to right ...

28pair Currency Strength double-GAP Momentum Strategy

I set my charts up with the currency pair price chart at the top of each of my monitors and have placed four CStrength28 sentiment charts below the price chart, each one on their time frames beginning with the H4, then H1/M15/M5. I am going to ...

28pair Currency Strength double-GAP Momentum Strategy