so it will hit 1.64 range again?
A down Friday for NZD allowed USD to claim the #1 spot, Now looking at AUDUSD as our Current SW leader, we see this may be a continuation of the signal from June. As this is one of the pairs I trade I will be looking to take a new position later today
Look at how tight this market is, any one of the Eight could be #1 this time tomorrow. This all works against our SW trades as our trends are weak and short-lived.
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Barely a 1% diff between top and bottom, Dennis, when we like to see 2%+
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Dennis, your observation is right. That explains why my top trade would be short AUD/NZD (still), then short AUD/USD or short GBP/NZD (where did that one come from?).
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At this moment I really can’t say… If we can break above current flag (pink trend line). There will be tones of stop losses accumulating above this trend line so it will make sense to hunt those first and then reach 1.64.
It took JPY like 4 days to go from #1 to 8
There are no real trends,just a lot of back and forth movement, I am not a day trader but this is a safe market if you ever wanted to try it
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Hey Gator, hope all is well.
The Ever Salutating VIPER
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Dayum, last post was 1 year ago! Welcome back!
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Big down day for US stocks which explains our strong US dollar but the rest of the market was mixed with a big down day for the Pound
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Finally Ive been able to keep the profits consistent using S/W and price action.
Been through so much hell with forex and now I have less emotion while trading.
The last part is the greatest achievement and maybe the last part of the puzzle.
We’ll see whats next 
Hey thank you Dennis for keeping this thread going.
Provides lots of inspiration.
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Nothing in this world makes any sense and nothing illustrates this more than a strong Dollar, and how about this move by USD against fellow safe-haven JPY. No way to see this coming, but if you closed your eyes and just traded my Top SW trade you would Long USDJPY and making money today
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It does make sense. In the background China is much worse off because of the pandemic than people think. One example, I was laying a foundation at the Palacial Ranch and Estate this Summer, and guess why I had to wait, NO REBAR in NC, none, zip. Zilch, nada. Also the current chip shortage, look at the prices of high end video cards, we, in other words anyone who is outside the Chinese central govt, will never know how many have died there, and how much of an impact this has had. I also happen to know that much of the production that was being done in China, has now been moved to Mexico, the US and Central America. And yes rebar and video chips come from China. Weakness in the Yen is a reflection of what is really going on in Cina.
The Ever Salient VIPER
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No way to see it coming? That’s a big ego, this system is the one and only way, really?
How about old-fashioned price action with breakouts, constantly higher close every day?
Can’t see those? USDJPY was in a range, guess traders were asleep as well.
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Don’t really agree. Before the break-out, I could not see any evidence the break-out was coming: obviously, once it happened, it was clear. But what evidence was there a week back that the break-out was coming?
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I’ll answer your question, but please, provide an example of your definition of evidence that the “breakout was coming” on another pair obviously, something that you have trade in the past. I’m expecting clearly defined details, price levels, candles patterns, horoscopes, whatever it is that you use to see a breakout before it happens.
Let’s look at important horizontal, fixed levels, that is the definition of a breakout to me, as opposed to subjective trend lines, channels, triangles, or such.
Obviously, I can’t see a breakout before it happens, but there was a 200 pips move on a pair that has an ADR(10) of 63 - many opportunities to enter a position. I’m sure the 1-hour chart would provide even more if that’s your preferred TF.
