Our TOP SW Trade from April 5th ( my daughters birthday) just topped the +200 pip mark today
Man Dennis. I’m always impressed that you’re always able to catch these massive swings.
I’m still considered new as I haven’t reached the five year mark, but I fight my way to stay above the water line.
Do you have any tips and tricks towards entering/exiting trades?
Thanks for your time,
jnFamousDan
Top Strong Weak trade USDCHF passed the +200 pip mark today, that makes 10 out of 14 trades this year have topped 200 pips
Just entering each new trade and holding for a profit target of 200 pips has worked very well this year, sometimes keeping things super simple is the best strategy
I typically exit half position after 100 pips. Then set trade at B/E with a target of 200 pips.
Yes I just closed CADCHF +212 as it has posted a pinbar. I was a bit late into the trade, hopefully I am not out too early too
anytime you can walk away with 200 pips it is a win,
Short GBPUSD becomes our 15th trade of the year
If we break the 200 on the daily, price could be a 350 to 500 pip move!
A sell short stop order just below yesterdays low would be a sweet entry if not already short
Note; in January we played this long and got 361 pips in just two days, Pound trades can move fast,
don’t we have NFP number coming out this morning , this could whipsaw a 100 pips in just minutes
it just did!!! i was on GBPUSD and USDCHF. both togher have yielded 100 pips till now i am holding
Hi guys!
Could you please recommend me a website (or any other way) to determine currency strength and weakness for the given day?
Thanks!
…currency strength and weakness for the given day?
Are you serious? – That’s what this thread is all about !
Have you read any of this thread?
Just scroll back to Dennis’ post dated yesterday, and you will find Strong/Weak rankings for today (Friday).
Sunday evening, Dennis will post Strong/Weak rankings for Monday.
Monday evening, Dennis will post Strong/Weak rankings for Tuesday.
Every day, it’s served up to you on a silver platter.
Thanks, I know what this thread is about. And I’m following it. As a noob, just wanted to know and ask if there’s way I can find out strong/weak rankings by myself (and how). OR if any of you use another reliable website…
i think you have gone through this thread properly. Dennis has a post with a youtube video attached to it. i am on my phone right now or else i would have linked it. so basically dennis calculates everything himself and copies it to his spreadsheet.
do one thing read some earlier posts you will find them. it is interesting.
Some brokers provide a currency heatmap, which rank the biggest movers since, for example, yesterday’s NY close.
If I want to know what is happening intraday I have set up this simple watchlist on freestockcharts.com , this is not a FOREX platform so its daily runs from midnight to midnight, which makes it a great tool for tracking the London session, I can look at this at 6 am eastern time and have a good idea where the market is heading at the New York open. The bad thing about this type of trading is you as subject to news driven reversals, so you have to know what is on the event calendar at all times
Bad week for the Pound, our newest Top Trade short GBPUSD gave us +86 pips first full day as our top trade, Top Trade USDCHF hit another new high as did CADCHF. We will have losing trades sometime this year but let us enjoy this streak as long as it last