We’ve now traded 1 against 3 across 285+ pips and hopefully grabbed some profit from the market.
I’d have my stop not far behind this run… (I’m not in this trade…) as it’s not far from exhausted…
You can now see the power of trading the rise and fall of currency values inside these graphs…
“Wow. great job @Dennis3450. 3 years of investment (I read that you had done it for about 3 years on dailyfx and also on trading journal on BP) and still here. I followed @Trendswithbenefits from another topic and read a lot of comments and can not wait to follow the next updates. Sincere congratulations!!!”
P.s Thanks @Maximus_martins. I didn’t even notice that I was writing in italian. I am sorry!!
Translation!
“Wow. great job @Dennis3450. 3 years of investment (I read that you had done it for about 3 years on dailyfx and also on trading journal on BP) and still here. I followed @Trendswithbenefits from another topic and read a lot of comments and can not wait to follow the next updates. Sincere congratulations!!!”
Pullback day for most of the market but not the Pound , Top SW Trade GBPJPY up over 250 pips from its entry point
I use Nial’s price action approach to reading charts and looking for setups
The GBP has gone from 2.21% to 2.78% (+0.57%) our strongest, find the one with the biggest decrease… it’s the USD today… 1.22% to 0.72% (-0.50%)… (+1.07 for the pair), so now check the GBPUSD Chart and this should indicate that a BUY opportunity exists… (GBPUSD 1H Below)
Trading 1 against 6 (GBP has strengthened from 1.63% on 22nd… USD has tumbled from (0.90%) on 22nd)… And is clearly visible and shown in the 1 Hour Chart.
GBPUSD already in an up trend and should push to higher highs over the next 12 hours…
Our ball is on the edge of the fairway… I expect the USD to keep tumbling… But the GBP is no.1… and has been strong for a while now and any weakening will see a huge reversal… it’s very still early in the Asian session… so keep a tight stop if trading this pair.
Lets see how it goes… This will be the last example, it’s easy enough to follow… Cheers
What website do you use to get the data to key onto the excel worksheet?
Is there a specific time of getting this data?
maybe, easy to follow, but that chart is the worst screenshot ever, it is terrible, that’s just the truth, nothing else
Go away!!!
Snowman how did you configure the CMSM v19.01 to comform with Finviz 1Day relative performance. please help
I don’t, they are 2 separate things, they never meet
Here is day trading strong vs weak
And using a sneaky, low risk entry on 15M
All open trades with similar technique
It is tempting during slow times to look for new strategies but for those with patients, SW continues to point the way. Here our current Top SW Trade is on the move again, up over 350 pips from its entry point on Feb 19. And for the benefit of you know who the max drawdown would have been 70 pips before the uptrend resumed
All due respect to @Dennis3450 for a wonderful thread but I hope he wont be offended if we talk about this one as it will also help other traders as well, like what Dennis always did for the past 3-5yrs.
@Trendswithbenefits, thank you trends. That was an eye opener for a lot of us. I have a few question. Do you base the movement of a pair on a weekly basis? I mean lets say for example this week, the start of trading day is the 25th. So you base the percentage movement off of the 25th results the whole week?
Next week monday is the 4th, so that would be another based day?
I hope you can understand my question.
Thank you
Oh no I’m afraid not. As I have remembered from memory post that Dennis wants to know how others trade his SW rankings.
Is this a reply to a troll that is yet to happen? 
This didn’t age well…
Can be used as reference for what not to do some weeks, in no way was I endorsing anything, maybe they need to study the guidelines list 
Pound continues to roll, if not already in a GBP trade remember last one at the party has to pay the caterer
Hello Mr Dennis, was just wondering, why did you choose to use JPY as your reference point when taking your strong/weak ranking?
Would it not have been better if you compare all 28pairs with each other?
I mean no disrespect, just trying to understand why you do things the way you do.
Once again, I mean no disrespect, you’re the boss. I’ve seen the success of your trading, and its outstanding, I just don’t understand why you choose to do your Strong/weak ranking with just the JPY pairs.
He choose it for easy calculation, as the JPY is the Quote currency (right side)
The EUR would also be easy as it is the Base currency (left)
Speaking of the 7 majors of course
But in reality, using a spreadsheet to make the calculation, all calculations are easy
In fact, any currency can be used
And the results will all be the same, no advantage
Take the time to drag the scroll bar up to post 1267
There are even more posts than that one if you have time to read the thread
Good luck
