Your boss could be a member here. It could be me…
Aye aye Many bosses here, but the greatest is captain Dennis aka strong/weak
Very cool mate
I was up a big 8 percent last week being up the yen pairs …took profits last week I will reevaluate.
We have all three risk-on currencies now leading the way. If you are not already in and have locked in some profits you don’t want to be the last one at the party and have to clean up
Are the 2020’s going to look like the 1920’s , so far it is shaping up that way, Just remember how that ended and watch your back
In my analysis, the AUD was the big winner really moving up so it may be one to keep an eye on and yen of course was a big fat loser!!!
I went to cash. I have found being up that much in the past usually usually there is a drawdown to your account.
A nice and clean price continuation pattern. Up and up we go!
Resting day for the market, everything finished close to its opening price
I went back long Cadjpy and Audjpy on the pull back
Can you share a chart to show how you judged the pullback?
Dennis often mentions a pullback on the 1-hour chart to the 200 SMA
But with Monday lower than ADR price action, can’t be that method
I’m sure we could all learn something.
I could not see any good option for a day trade even though I was watching gbpaud, nzdchf, and gbpnzd. Then I found some on the indices and stocks:
I guess you don’t use SW analysis for day trades given the pairs you have just listed …
Strong/Weak comes in different flavors, but your view of the market is also important.
Just because my preferred style is day-trading, I like to compare Dennis his rankings with intraday’s strong-weak as seen on Finviz. I have to admit it’s not easy, but repetition and improvement will eventually pay off. Harry Kane has done the same thing again and again. Isn’t it?
As you can see on Dennis rankings AUD is much stronger than GBP and it went down, so you decide!
Well, I am not a day trader and hold trades as long asthe market will have me. Audjpy is looking great, would not get in now and cadjpy seems to be coiling. I am trying to visualize will it go higher or lower and to me it wants to go higher. I still want to see where the bar closes for the day however it has broken out of a triple bottom so in my mind the market has bottomed until i see a top which I dont see yet.
Risk-on trade is on fire as AUD takes a slim lead at the top, looking at AUDJPY, it looks like a breakout
Who is Harry Kane ?