Trading the Trend with Strong Weak Analysis

OK thanks for your reply. WHen does the H4 50EMA bounce come in as a factor to trigger a trade?

Before or after the 2% spread has been achieved or how?

Still no new high for top trade GBPJPY but you might look at AUDJPY as it hit a new high

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market is still in consolidation but we do have a new #8 which gives us GBPUSD as a top trade, The price is down the last two hours so maybe set a buy order above today’s close. just a suggestion

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1a

Guys are we supposed to enter now or wait for a H4 50 SMA bounce? Thanks!

Would be interesting to hear of people’s entry rules based off this information, know Dennis likes the pullback on the 1hr chart. I’m trying to keep things as simple as possible and limiting my chart time. Am not the biggest believer in support and resistance so normally if a new entry arrives, I wait to the morning (based in London) before entering, and only if the price is better than the Daily close before. Seems there is often a small retracement in the Asian session so can get a slightly better price. Am very sure there are better methods though.

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Hey @Rustang, To get the best entries using Dennis’s strategy does require patience. He determines the SW pairs at the close of the US Session / start of the Asian Session… a notoriously low volume period of the market with only NZ open for first few hours.

The SWA Strategy is such a well documented and sound system, I believe that the LP’s (Banks) trade against the strength that every new SW Pair triggers (Not just retail). It’s easier for the market to trade against sentiment when volumes are low… Hence you do see improved entry levels during the Asian session…

Your analysis is performed at the Euro session open / end of the Asian session which is the start of increasing volumes in the markets upto and including the New York open ~6 hours later… and possibly a better time to gauge a pairs true intended trajectory…

Finally, I suggest reading through the thread in detail, Dennis has been very meticulous over the years with answering questions, I am sure you are not the first person to ask this and Dennis providing feedback.

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we had a whole week of sideways action in Top Trade GBPJPY, still waiting for that breakout , I think this has one more move in it

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Hey, @Trendswithbenefits…since our time is limited combined with the fact that there are thousands of posts by Dennis in this thread, it would be so welcoming to have its entry, SL and TP structure reposted for everyone to benefit…Thanks in advance!

Another day of all-time highs for stocks but our FOREX market is just sitting here

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Is there any way the stop loss supposed to be pinned at the top?

KC

GBPJPY is getting close to a breakout

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we are stuck in a sideways market

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I pulled these numbers an hour early if there are any big moves last hour of the day I will post a revision, but nothing has really changed except AUD is getting close to overtaking GBP for the number one spot

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So guys with this strategy we take pair that got a 2% spread THEN we wait for that 50SMA bounce on H4 in order to enter?

consolidation is the name of the game here,

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There is no one strategy, everyone uses these rankings and applies them to their own strategy, if you like playing pullbacks then I like the 200 ma on the 1hr chart.

Looking at the GBPJPY chart tells it all

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Sir Dennis3450, Thanks for this guide. I will check and review it to my chart. :slight_smile:

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still consolidating

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A strong move in NZD today, look how bunched up the bottom three are

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