My Scalping Trade

[hemmy]

It shows the relative strength of the currency on the vertical versus the currency on the horizontal.

View attachment 54509

For NZD, it shows 0.92 % weaker than USD and 0.6 % weaker than AUD.

So we should be looking to short NZD. Therefore we should be Short NZDUSD or Long AUDNZD. Long or Short will depend on weather the currency is base or quote.

Open the currency pair on MT4, say M15, you will be clear, now NZDUSD is moving down and AUDNZD is moving up because NZD is weak comparing to USD and AUsoD.

View attachment 54511

so we should nzd currency both sell and sell option???

 

[hemmy]

Look at the AUD/CAD +0.39% -0.45.
See horiznal, parallel line of AUD. look at the chart how AUD move. Strong down. you can trade over,under 3.5%. AUD pairs.

J K1368 please read this post he said

 

[JK1368]

J K1368 please read this post he said

You cannot buy or sell only one currency in FX, they trade in pairs.
The heat chart shows the relative strength of currency listed on extreme vertical axis against those on horizontal axis.
On the vertical axis on the left, we pick NZD, then looking across horizontally, we see Red for both USD (listed on Horizontal axis) meaning we should go short.
Again, if you not clear, suggest you open each chart on MT4 to confirm the price movement.
Please see attached NZDUSD in my previous post.

 

[JK1368]

I found a better MT4 indicator for similar trade setup.
Attach the indicator to the chart, set to display only that two currency pairs. Example, setting CAD and JPY to true when attaching to CADJPY.
You can also set the level to enter trade, example, 0.4.
The indicator comes with alert too.
Since the indicator provides buffer values, you may request Mr Tanaka Akiko to code the EA for us.
Enter trades only after crossed and angled out hitting level of 0.4 and above etc...
Then you can watched your sports while EA trading automatically for you...

 

[hemmy]

I found a better MT4 indicator for similar trade setup.
Attach the indicator to the chart, set to display only that two currency pairs. Example, setting CAD and JPY to true when attaching to CADJPY.
You can also set the level to enter trade, example, 0.4.
The indicator comes with alert too.
Since the indicator provides buffer values, you may request Mr Tanaka Akiko to code the EA for us.
Enter trades only after crossed and angled out hitting level of 0.4 and above etc...
Then you can watched your sports while EA trading automatically for you...

View attachment 54546

i will ask tanka to code ea but please can u explain more about rules of open entry and Sl and TP

 

[JK1368]

i will ask tanka to code ea but please can u explain more about rules of open entry and Sl and TP

Same as described by mutenext in earlier posts, he mentioned trade only if more than 0.4 (absolute value, regardless + or -), TP=10 SL=50, used MM, use trailing SL etc
These should be variable parameters for optimization.

 

[dtrader]

guess no one read my posts.. anyway.. looks supereasy now.

 

[hemmy]

you mark circle usd and chf ... and JPY... you would open trad on usd/jpy and chf/jpy or usdchf????

 

[dtrader]

you mark circle usd and chf ... and JPY... you would open trad on usd/jpy and chf/jpy or usdchf????

please check my previous posts where there is a link explaining how to take trades. I would buy usdjpy and chfjpy

 

[hemmy]

i see i just noticed that usd 0.43% and jpy -0.48%
chf 0.51% and jpy -0.44%

so you check first left to right which one is more then +3.5% and from up to down which one is more the -3.5%.. right i am checking your previous post\

 

[dtrader]

i check for strong buy or sell on all pairs then i match them. If i get >0.4% ou -0.4% looks good entry.

 

[hemmy]

here nzd pair strong buy and strong sell showing what to do next?

 

[hemmy]

Example) Usdcad and Cadjpy.

You can take 10pips from these two pairs.

53mins before Forex Hit Map was over 0.4%(+,-)

I didn't take a screenshot at that time.

https://s8.postimg.cc/gx03r2y2d/fhm1.png

It is enough today.

https://s8.postimg.cc/8eqnmtc51/usdcad.png

English is not my mother language. i am not good at eng,

But don't greedy 5or 10pips is enough for a day.

according to this screen shoot

usd/cad
cad/jpy

first step we check currency where is more then 0.4% and we check horizontal line where it is..as we find usd 0.38% on cad horizontal line right!!!! so next we look cad pair if there is is more then -0.3.5% and here we have -0.36%.

so here we go for buy position right??


second scenerio about cad/jpy.. find one where is more then +0.3.5% and we find cad 0.38% and and jpy -.2% so here cadjpy we go for buy again right!!
same precedure we check is this correct??

 

[kendo58]

not bad for a start

 

[dtrader]

exemple:
A. jpy is red vertical line... we look to sell jpy.
B. usd is green horizontal line --> we look to buy usd

Result: usdjpy +0.46% --> BUY USDJPY

Got it?

 

[dtrader]

 

[Crocodylus]

It's like currency meter right?

 

[hemmy]

exemple:
A. jpy is red vertical line... we look to sell jpy.
B. usd is green horizontal line --> we look to buy usd

Result: usdjpy +0.46% --> BUY USDJPY

Got it?

ok i try to send screen shoot please check it if it is correct or i did mistake again..here i checked heatmap and find usd and cad usd is -0.34% and cad is -0.41% here is opened sell trade it is ok??

 

[hemmy]

ok i try to send screen shoot please check it if it is correct or i did mistake again..here i checked heatmap and find usd and cad usd is -0.34% and cad is -0.41% here is opened sell trade it is ok??

View attachment 54612



View attachment 54611

5 pips tp and 50 pips sl

 

[hemmy]

here second one is cadchf
cad -0.39% and chf0.38% here sell order open