Do you know how this is calculated in MarketMilk? It doesn’t seem right.
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Markets are consolidating
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No surprise here, Yen takes over #1
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A mostly green day
Both new Top Trades NZDJPY* and AUDJPY* shorts are in short-term uptrends. Does this countertrend move nullify the signal, I would say no, but every signal is a whole new trade and pays little attention to past trades
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These are difficult times to find a long-term trade, which will last long enough and move far enough to justify the decision to take a trade.
Of the 28 main pairs, I have 17 showing Avoid as they are not moving in consistent trends. 4 of the remaining 11 show counter-trend outside reversal bars and 6 more show weekly bar overlaps of 5 or more weeks.
Not worth the effort of looking for entry points right now.
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Looking at the DOW 30, for just the third time this year, we have had 4 hollow green candles in a row ( this candle indicates a close higher than the open). The previous two were preceded by another deep sell-off and a lower low. Will we break the pattern this time or are we headed for more selling and yet another lower low
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Nice rally in stocks today, oil continues to move higher, but our currencies ignored all this and finished with little change
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I am seeing lots of green, unless we get an afternoon reversal we should have a bullish finish to the week, the long term trend is still down, and this is most likely another bear trap, as long as oil is over $100 the American economy will start to contract as Americans stop all unnecessary spending to free up cash to buy gas for their cars
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AUDCHF* short is our new top trade, this is not one I normally trade and it is happening during some rotation, so proceed with caution
Did the market just turn Bullish, 5 up days in a row for stocks, the first time this year we have had such a streak, but before you get too excited, note, that this rally is being led by the DOW, which means investors are still looking for safety and another step down could be coming. But it is nice to see our IRA’s and 401K’s have a good week
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Just for the advice of traders outside the UK, we have two special public holidays this week, Thursday and Friday, to celebrate the Queen’s Jubilee. I assume London forex firms will continue trading throughout but volumes might be thin as a result.
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Currencies up, stocks down, oil keeps creeping higher
I like this action in USDJPY, could we see a new high soon?
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EURUSD is our newest Strong Weak trade, but is it a good trade, EURUSD short from last November gave us +1000 pips on the way down. To me this looks like a short term countertrend move, I like long term trades and I do not see shorting the US dollar at a time of rising interest rates as a good long term strategy
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No where near the +2.0% spread you like to see too, Dennis?!
Things have really tightened up from top to bottom.
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Just like in stocks, I see this as a possible bear trap
I just set up a spreadsheet to follow some of tehse assessments @Dennis3450 - And without looking at anything else the EURUSD is my first “paper trade” at the level on your post.
[ and for the sake of completeness Stop 1.02350 - but that was AFTER I saw the chart below]
Then when I look at the “Bear trap” possibilities - we see this;
Bang on Support at pretty High Volume
I’d be pretty content with that entry on a “Real money” account ! - We’ll see !
Thanks for all the work you put into this thread mate 
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It took less than a week for Yen to move from #1 down to #8
USD #1 on the day just ahead of Canada,
CADJPY has been a Top Trade since October and looks ready to hit new highs
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Top Trades CADJPY and USDJPY continue to lead, CAD is breaking out to new highs
In this turbulent market, Strong Weak continues to rack up the pips, Is there another thread that can claim multiple +1000 pip trades this year?
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How quickly a counter-trend rally can end and long term Yen weakness is back
as stated before, I like the USD and CAD , USD because of rising interest rates and CAD because of rising oil prices
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