We got a nice Pinbar PA as price touched the zone and started moving downwards. Perfect signal for an entry.
Thanks, R2!
Iām behind on the thread so hope this isnāt too late but looking at your charts, hereās how I would have seen them:
USD/JPY, downtrend, possibly short at TL - potential good trade, keep an eye on it
USD CHF, ranging, may go short at supply, but supply is not fresh so likely wonāt hold, be cautious
GBP CAD, uptrend, do not take the short trade at the supply, that would be going against the trend and success rate is much lower
GBP CHF, uptrend, do not take the short trade at the supply, that would be going against the trend and success rate is much lower, also supply is not fresh so may not hold
CAD JPY, hard to tell trend, maybe a downtrend?, would just watch but buying could be going against the trend
CAD CHF, uptrend, would wait for it to hit a demand zone and just watch until then
Because I only trade with the trend, I get very few trades but they are usually successful. I look at the trend line which is draw using the last two peaks and valleys.
If my trend is down, I confirm by looking to see if a major area of demand was absorbed and that supply is being respected.
If my trend is up, I confirm by looking to see if a major area of supply was being absorbed and demand is being respected (I learned this from a Maryo youtube video).
txs
111 would be an extra special/magical number 
Hi Chartzard, what resources/news do you read and keep up with? You seem to have a good sense of different markets and how they interplay with trades.
txs
AUD USD is on my watch list too. AUD in general seems to be going down and GBP seems to be going up.
txs
My watch list for this week:
Top 2:
GBP CAD
GBP USD
Uptrend, go long when price hits demand
Others:
GBP AUD
GBP NZD
Uptrend, go long
AUD USD
AUD CAD
EUR USD
Downtrend, short
My opinion is almost the opposite of everything you have stated here. Can you please post charts if you donāt mind, that way I can see from your perspective!
So I came across a new sorting process to pick the best trades from all the options that we might have on any particular day. I came across this from the infinite prosperity guyās snapchat where he shared what he does. It seems really useful and effective. Check it out.
So below I have written all my possible trades. I have also written L or S indicating whether I want to go Long or Short.
Then I created another list with all the currencies that I have listed above. Now I start putting a tick against the currency that is expected to go higher and a cross against a currency that is expected to go lower.
After doing this I can see the currency crosses which might have the highest probabilities of going higher or lower.
Based on the example above AUDUSD might be the best pair for the day to go Long.
Thoughts on this are welcome!
I like the way this method isolates the Currencies, Iāve been using this
https://www.oanda.com/forex-trading/analysis/currency-heatmap
as well as following dennisā trend posts to monitor long term trends of each currency.
USDAUD is counter trend in this case so I would be careful.
If you donāt mind can you share a link or explain more about Dennisā trend posts ?
AUDUSD - thanks for the heads up.
If youāre only looking at the Daily timeframe then AUD/USD is countertrend but check the bigger picture on the Weekly timeframe and above - it isnāt counter trend.
http://forums.babypips.com/free-forex-trading-systems/79347-trading-trend-strong-weak-analysis.html
Dennis does his own currency strength calculations and identifies long term trades. I been following him for a couple weeks and he has made some good calls
Will surely check him out!
[QUOTE=ār2theb2thec;767329ā]So I came across a new sorting process to pick the best trades from all the options that we might have on any particular day. I came across this from the infinite prosperity guyās snapchat where he shared what he does. It seems really useful and effective. Check it out. So below I have written all my possible trades. I have also written L or S indicating whether I want to go Long or Short. <img src=ā301 Moved Permanentlyā/> Then I created another list with all the currencies that I have listed above. Now I start putting a tick against the currency that is expected to go higher and a cross against a currency that is expected to go lower. <img src=ā301 Moved Permanentlyā/> After doing this I can see the currency crosses which might have the highest probabilities of going higher or lower. Based on the example above AUDUSD might be the best pair for the day to go Long. <img src=ā301 Moved Permanentlyā/> Thoughts on this are welcome![/QUOTE]
Just wondering what kind of results did you get with this? It sounds logical and sensible
Hi Mehmet, The results have been very good and has surely helped me pick the best trades out of all the options I might have on a particular day. However, I have only used them for less than a month as of now, so I would recommend testing it out at first before going all out. I would also recommend checking out the link Chartzard has posted a few posts above. It has similar guidelines to figure out strengths of currencies.
https://dwq4do82y8xi7.cloudfront.net/x/RGy0SFt4/
My USDJPY Short finally triggered, rally was stopped at 111. It bounced but not nearly as much as I expected. Currently hovering at +5pibs may close half position at B/E.
Are you trading live or on Demo ?