We got some action today as the commodity currencies came to life , Top Trade NZDUSD* completely retraced stopping us out ( you did have a breakeven stop) and the forgotten trade EURCHF* finally came to life. EURUSD* is our new trade, may the trading gods bless this trade
Since an interest rate decision (to keep the rate the same) caused this pullback, is it worth not holding a position the day a rate decision may come out? Any opinions? Thank you in advance for your replies. Also, thank you Dennis for posting this wonderful strategy.
Hi Dennis.
Hope youāre well.
Iām noticing big differences on my rankings compared to yours.
Seems like a big gaps. Itās with Oanda. Just curious if it might be something obvious iām missing. Not had issues in the past.
NZD | 71.922 | 70.934 | -1.39% |
---|---|---|---|
EUR | 121.156 | 119.544 | -1.35% |
AUD | 74.761 | 73.96 | -1.08% |
CAD | 83.296 | 83.013 | -0.34% |
CHF | 112.632 | 112.4 | -0.21% |
GBP | 142.742 | 142.476 | -0.19% |
JPY | 0 | 0 | 0.00% |
USD | 109.355 | 109.948 | 0.54% |
EDIT: Think I worked it out, although I donāt really understand whyā¦the close price was vastly different on the Daily candle compared to the 4hr?
Cheers.
Hi Dennis,
Just scrolling through this years trades. Iām confused on this oneā¦ We wouldnāt know if CHFJPY is a top trade until the close of day 13th Jan 5pm NYC time? Wouldnāt we be entering a trade (if we were blindly following strong/weak) at the top of this candle?
cheers,
Ben
Got my own way of calculating Strong Weak analysis using data received by 40+ VIP Signal Providers. Im sure you guys gonna love it and hopefully someone of you get so engaged in it that we discover something very profitable!
Well, maybe not 2 days before, but if you mark the highest high and lowest low of Monday and Tuesday, take the break out, you have a winner !
When it works on the GBP pairs, as it is doing this week, itās amazing.
Think about it, price only, absolutely no indicators, freedom that you have always dreamed of
CHFJPY was a new SW trade on close of trading January 9th then hit its high of +188 pips five trading days later
Ahh makes sense! I missed that first post about it, and saw your next post which sounded like it was the first day for itā¦oh no iāve gone cross eyed.
Thanks Dennis!
EURGBP* is our newest SW Trade, I do like this one, down with the EU and up with Brexit
Top Trade EURUSD* also gave us a small gain
Top Trade EURCHF* is up to + 95 pips.
Dennis,
S/W grid is saying EUR/GBP is going lower? Correct? Itās approaching lows of 2017 and 2016.
KC
yeah, was looking at EG today but it s right at support. gonna need more infor for a sell. but the SW sounds about right judging by the charts,
weekly has been tested 5 times. some say the more it gets tested the stronger it is, may be so but i guess also the likelihood of it to break it s higher.
I would wait for the pullback and retest of that diagonal S level, then possible entry at 0.8290.
I feel like this is making its way down to the 0.7870 zone on the weekly.
I got a feeling for 0.69 while weāre all having a guess here and completely off the actual strategy
Good week for being short Euros
Here are all our Top Strong Weak trades for the year, 4 are still active, no losers so far
Hi Dennis, NZDUSD ( I left with +45 pips btw) but it retraced all the way back and I recall that you posted about being stopped out eventually. Would you still class that trade as a winner ? cheers
Hi,
Ideally you would have had moved your stop to break even, a break even trade is a win in my books
First congrats on the +45 pips,
For the purpose of this thread we need 100 pips to call it a winner, but when we got to 92 pips I did advise you move your stop to breakeven, and for this thread that Trade will go into the breakeven column so not a winner but sill not a loser if you managed it properly
you keep pulling in those pips
Thanks for finding time to replyā¦