Happy thanks giving all. Stay green!
Happy Thanksgiving Dennis.
If America didn’t exist, we’d have to invent it anyway.
Surely you mean the top of S/W along with JPY
When you sell USD you are buying CHF
Those huge moves certainly crossed the MA’s which will affect the ratings next week.
Thank you @FOK - that is correct
AUDJPY seems to always make a nice move down
when the stock market “crashes”…
Hi Dennis, can you believe this thread has almost been going 6 years lol
I wanted to ask you what your entry requirements are? Do you enter when you feel it is right or when exact metrics and conditions are met?
I like this strategy and tend to only go short when the markets are falling below the JPY.
I know people will use this strategy in their own ways I am just wondering about entries and exits.
I thought the day after Thanksgiving was a slow day in the markets. Instead of black Friday, we got a Red Friday, Major selloff in stocks, Crypto, and Yen pairs, When the dust cleared we had Yen #1 and AUD #8, Classic risk-off currency rankings. Now the question was this a one-day correction or might it last a bit longer
I try not to have my entry requirements carved in stone as the market is always changing, Basic entry is enter a new trade as soon as it becomes a Top Trade, 100 pip stop loss ( everyone knows I hate stops) Take profits on half position at 100 pips and let the rest run. I do not take every trade that SW gives us. I am also active in other markets and spend my time and money were I expect to get the most return
Hope this helps
Small up day for Yen pairs following Friday’s blood bath, but nothing I am seeing tells me the selling of Yen pairs is over
Another sell-off in stocks but the Swiss Franc is holding up well. Anyone here with some insight into the Franc, I am looking at this currency as a possible long term buy and hedge against US inflation
This might interest you: How Gold Affects AUD/USD and USD/CHF.
Can I ask why you use the JPY as the denominator and not say the US or GBP if in the UK?
Does it matter which of the 8 currencies is used for this purpose?
Also, how would you describe to someone how you trade?
Hope the questions are alright, have a great week!
Scroll up to Post 1381 for at least an answer to the JPY question
Also, check Post 1431
And 1476, very interesting
Very kind and patient of you. Would be helpful if this reply is pinned at the top of the page, regardless of the page.
Funny going back several years and seeing what I said, I try to be consistent and what I said 5 years ago should be on point with what I said yesterday. But I am only human and sometimes I need to read my own past post to keep on course
How do you enter this, as from the sw table. Gbp seems stronger than nzd?
Yen pairs started the day positive but then about noon NYT someone hit the sell button and everything crashed,