Behold the power of the 200 moving average on the 1hr chart, as I have discussed previously, pullbacks to the 200 ma on the 1hr chart make great entry points, This is one of our Top SW Trades GBPCAD* and look at all the pullbacks and opportunities to go short, the market is just taunting you with this one
It is official, GBPCAD has crossed the +100 pip mark making us a perfect 16 winning trades in 2018 and 20 in a roll going back to December of last year. We have had a lot of nice streaks in the past but this is the longest one I have documented
let’s keep this going
Note; GBPCAD is now sitting on the 200 day moving average, this is major support, a bounce here is expected, but if price cuts through and closes below the 200 tomorrow then we could be looking at a long-term move down,
Hi Dennis,
Excellent trades, at the moment I am short the following
NZDCAD - + 299 Pips
EURUSD - + 75 Pips
GBPUSD - + 218 Pips
GBPCAD - + 282 Pips
I missed the initial entry on NZDUSD which is pulling back now after a +210 Pips move, I wonder if it can break through the heavy weekly support around 0.68500, where there is Piercing Pattern + Inverted Hammer + Bullish Engulfing present. All are strong reversal candlestick patterns.
Congrats !! 20 in a row in any system is a result, and to do so catching 100+ moves is stunning.
Hello Dennis.
Thanks for the great work you’re doing here. It will be great if you could use one of your past successful trade to illustrate how to use this SW analysis along with TA to enter a trade. You can possibly show the SW pair for the day, the chart, the entry price, your TA for taking the trade, your target and all that.
Thanks.
Now this is the type of reply I enjoy reading, congrats Sbrandi
watch NZD as AUD is already strong and NZD normally will follow AUD
One of the slowest days we have seen this year
Never happen, read the thread, all you see for reports is the MAXIMUM pip range of the S/W pair; it’s not a trading plan, only a signal system
Never see the signal date, signal price, signal direction, and exit in the same post, fair enough, but you think some traders would chime in with some actual results from time to time.
Not to say it doesn’t work, but a clear record of drawdown before trend continues is not a hard thing to track
Also, using the ADR or a multiple thereof, eg. 2 x ADR, has more logic than just saying, take profit at 200 pips.
WHY? for example the average daily range can be between 52 and 162. Probably a trailing percentage stop might be best but even then, retracement take you out, then trend returns. It is a traders constant battle to find the best Take Profit.
Are you still here?
If the methodology in this thread doesn’t work for you, just move on …
… to some other thread, or (better yet) some other forum.
Okay , enough of this, signal date and price is clearly shown for each new signal, if you have not figured that out it is the closing price of the daily candle, price movement is clearly shown in the shaded areas of the charts I post, If you are concern about draw downs, you are welcome to figure them out, as we have not had any losing trades this year it been kind of a mute subject. Johnny if you keep pissing off everyone you will be asked to leave,
You forgot the part about actual results; why are you upset with me, the other guy asked about showing some trades, please reply to him, thanks.
Hi Twiks
I prefer to keep my personal trading private, I will tell you I do most of my trading during the Asian session, that is when I will enter on a new signal, I usually will take some profits at 100 pips and let the rest run, I also like to use pullbacks to the 200 ma on 1hr chart for reentry . I keep things very simple, I don’t listen to much news, Price Action tells me everything I need to know. If I am posting charts then you know that pair has my attention
Lets take a bigger look at GBPCAD, as I said yeasterday the daily 200 ma is major support and we are seeing price respect that support but will it hold, one of two things are likely to happen, one is we swing higher and test the March highs, or price breaks down below the 200 ma and old lows near 1.600 come into play, either way, we are looking at a +1,000 pip move, and I want a piece of that, Currently GBPCAD* is an SW trade, so my bias is to the down side, lets keep an eye on the 200ma on the 1hr chart, price has not spent more than a few hours above that ma since March,
May the pips be with us
Hi, i just joined yesterday, quick question, are u using exponential MV on 34 and 200? or simple?
Simple moving average
Looking at CADCHF, it is dropping = CAD is weaker, CHF is stronger
Looking to sell GBPCAD = GBP needs to be weak, yes, CAD needs to be strong, no
Therefore, at current time, sell GBPCHF will make better move than GBPCAD
Why? GBP is weak, CHF is strong = good move
Of course, keep tight stops as big GBP news soon!!!
Thank you jaystarks for your feedback
Current Top SW Trade GBPUSD* took another step down today taking our pip total well above +200,
and for the benefit of Johnny
Trade entry was on the close of the daily candle on May 3rd @ 1.3572, these numbers of for tracking purposes only, and are not trade recommendations, Trading FOREX involves risk and trades should not be taken without the advice of a professional money manager, The Staff and Management of Trading the Trend with Strong Weak Analysis take no responsibility for any loses that may occur
Yes I had a TP target taken out last night for half the position, almost to the pip of where I thought there may be some support in GBPUSD.
Congrats on the excellent trade! An entry right on the 200MA? I guess there is an exception since it was a top SW trade.
