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- OmegaFire replied May 21, 2020
RSI left support on 8th May and is currently neither fully up (Resistance) nor down, so we rely on close of Candle (which is currently above 21 EMA) and TrendStrenght (UP ward but weak @ 57) to determine Trend direction. Avoid USDJPY for now but if ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
I challenge you or Alhawali to answer the following questions and tell me which of the system I've violated from any of the charts I've posted. Alhawali may produce the system but everyone;s understanding and interpretation is different The question ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
May I respectfully disagree with you on this trade NZDUSD and NZDJPY left support on Monday and are still holding above 21 EMA and just because you dont see a space for upward movement on 1H does not mean it doesnt exist on H4 and Daily. Moreover ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
Forexfactory does not belong to your father and the owner of the system is not complaining, so you have no right to tell me to stop posting my charts. I joined FF in 2009 and you joined 10yrs later in 2019, so what gives you the right to tell me ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
The question I need you to answer is this:- 1. When the EMA of RSI window leaves support 10-30 and the 1H Candle closes above 21 EMA on chart and i place a buy Order, pls at what point am I expected to stop buying or taking profit if the condition ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
Hello Alwahali, Please explain how I'm changing the concept of the system. Are you supporting grand99 on his proposed SELL EURJPY? If yes, give reason with respect to the concept of the system because as far as I'm concerned the system is clearly ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
BUY EURUSD TP 1 & 2 & 3 Hit - going to TP 4 BUY EURJPY TP1 hit - Going to TP 2 Note: Composite Trendstrenght is very important in determining direction
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
Why would you sell EJ???? Can you give your analysis? 1H candle did not close below 21EMA and Trendstrenght value still strongly UP @73 Still holding Buy EJ NB: Trend direction fluctuating due to News Releases
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
BUY EURUSD, TP 1 & 2 Hit - UP TrendStrenght Value Strong @65 - 68 BUY EURJPY, TP 1 hit - UP TrendStrenght Value Strong @75 - 78
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
UP Trend Continues from yesterday after Consolidation based on TrendStrenght Value BUY EU, EJ
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
BUY EURUSD, EURJPY EU never really touched RESISTANCE (zoomed to confirm) and StrendStrenght turning from Consolidation to UPTrend (Daily Pivot Broken above). 1H Candle closed above 21EMA Update: Market Ranging on News and taking out SL. Let's Wait, ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 21, 2020
Hello Guys SELL Watchlist EURJPY, NZDJPY, NZDUSD, EURUSD, AUDUSD, CADJPY have all moved from aggressive UP Trend to Consolidation Range on the composite TrendStrenght RSI Indicator. All have currently fulfilled all the strategy rules (touched upper ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 20, 2020
Of course, I'm trading the system... 1. EURUSD & AUDUSD reversed and closed above 21EMA while NZDCAD has always stayed above 21 EMA (remember I earlier recommended trading the pair in an earlier post) 2. All the 3 pairs Left bottom support since ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 20, 2020
NZDCAD hit TP1 Get ready to BUY (in order of preference) NZDUSD, UP TrendStrenght showing 79% NZDCAD, UP TrendStrenght showing 77% EURUSD, UP TrendStrenght showing 82% AUDUSD, UP TrendStrenght showing 79% I choose them over NZDJPY, EURJPY, EURGBP, ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 20, 2020
I know. I'm referring to the TrendStrenght RSI of course. That's what I use to filter my trades by changing setting the Weekly and Daily setting from TRUE to FALSE I'm not using the TUX indicator yet As you can see, the SELL AUDUSD and NZDJPY ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 20, 2020
The Only valid trade I can see that meets the criteria and with sufficient TrendStrenght to continue is BUY NZDCAD
Payapa Trading System - Modified Ali's VersionI choose it because with UP Trendstrenght of 73.2, it is stronger and more likely to go up than NZDUSD (72.5) and ...
- OmegaFire replied May 20, 2020
Look at your NZDJPY screenshot and mine and compare the TrendStrenght on your chart with mine. You took the trade because it showed CONSOLIDATION on your Chart. I avoided it because it showed UPTREND on mine (after I removed the Weekly and Monthly). ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 20, 2020
Further Observations:- Apart from the issue of diminished liquidity in the asian session which makes trading boring, 1. Even without zooming in, I wouldnt have taken the EU trade because after removing the Weekly & Monthly, TrendStrength turned from ...
Payapa Trading System - Modified Ali's Version
- OmegaFire replied May 20, 2020
This is excatly the point I'm trying to make. All Condition SEEMED to be met, but if you switched off your Weekly and Monthly on the TrendStrenght Indicator, you wouldnt take that trade because whilst your chat was showing CONSOLIDATION, mine is ...
Payapa Trading System - Modified Ali's Version