Trading the Trend with Strong Weak Analysis

The Pound is on the move today as US stocks are set to open up big, strangely Gold is also set to open up big, it is an upside-down world we live so trade accordingly

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Welcome to the thread, we match the Strong with the Weak and trade in the direction of the trend, We are navigating through this Black Swan event so I would advise sticking to your demo trading until markets settle down,

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Thanks. :hugs:

big up move for stocks today as President Trump talks of reopening the country, Currencies are reversing,

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as we pull back from extreme levels Top Trade AUDUSD* so far has been a complete bust, but could it come back

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One would have to wonder about D J Trumps state of mind sometimes?
I think Dennis’s Black Swan should be followed untill the fox gets him.

State of mind, have you seen Joe Biden, enough politics there is an opinion thread if you want to take this further

EURAUD is our new Top Trade but I am not jumping into this one as the market is trending in the wrong direction

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Last week was nothing but pullbacks as Central Banks come to the rescue ( that would be rescue of their friends, you and I are not invited)

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How are your trades going Dennis?
I have the impression that every single market is just reacting to the dollar.

Checking some breakouts, I became interested on EURJPY. Euro losing some steam and jpy maybe coming back to the pole position. But I’m also thinking in something else: what do you think about taking two pairs that are very close on the rank and trade their ‘‘more stable’’ trend, whatever it is?
Do you think that this may filter a bit the market and provide a soft range or a slow trend?

Eventually selling below 118,7 as we clean some supports.

Right now I feel they are trying to bait us in, they have extended the lock down to end of April and estimating 200,000+ deaths ( here in the US) when all is said and done yet the stock market is up today, none of this makes sense so I am keeping my cash safe until see a play worth the risk. Sometimes sitting in cash is the best place to be

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No good news on the virus yet stock go up and currency markets tighten

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We end the month where we began with the Yen on top

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Lets look at some charts, We ended February with NZDJPY* as our Top Trade, that pair never did retrace to its entry point and now looks ready to move lower, Same is true for current SW trade AUDJPY* this one did retrace its entire move so we will track this one as a new trade

I see US central bank trying to prop up stocks which should be good for AUD but the trend tells us stocks and AUD are heading low,

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I think our two-week pullback is over and down we go

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dennis you clearly have a depth of knowledge from expierence ive only been trading a year or so and after making some nice money last week i got bitten at the beggining of this week and have just sat and watched the markets
im in the uk we are basically just getting going in terms of daily deaths yesterday saw 563 in a day we are expecting 1000+ yet GBP is doing alright and i dont know why could you please educate me haha

This remembers many quotes from books about traders: that moment where ideas and fundamentals tell you something ans the price other. Well… those were some of the moment that Jesse Livermore lost money, so the price is really the king.

I’m with you, although it seems that Asia in general is set to rebound (China recovering while west world is burning in chaos), the charts are telling a different story. NZD, AUD are not recovering and are preparing for new lows.

I’ll not argue and will keep following the trend.

Up day for stocks and the currencies followed

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between a worldwide pandemic and the Fed printing Trillions of worthless fiat money, the markets are just confused. I still think we have not seen the lows in stocks, no one believes China’s death claims, best to limit your trading in times like this

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