aud seems to be moving to the sell side. i would be looking at the au/jp to go lower. if we can get a break below 73.5. not much in the way for over a 100 pips or so. it should be on the radar of followers of this thread. just a thought.
Looks like GBPCAD broke out ascending triangle 6 dayâs ago, has decended to retest breakout resistance, is in consolidation at that level for 8 hours so far. I think a good move up is on the way.
We end the week with a new SW Trade signal, NZDCAD is an interesting play as you can see by the chart it looks to have ended its downtrend but is still YTD the weakest pair. Everything else is in a tight consolidation
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Pound regains #1 but only by a hair
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Down to a diff of around 1.40 the last couple days. Doesnât get much lower then that?
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When we get these tight markets we start seeing new Top Trades everyday, That usually is not a good thing. I do like our newest Top SW Trade AUDNZD short, That big red candle on Nov 13th is pointing the way to lower prices for this pair
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long term look at AUDNZD shows this pair has been in a trading range for 6 years, every rally has ended with a fall back below 1.0500
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I pulled these numbers a bit early as I will be out when the daily candle closes, but a strong move today in the Pound should lead to some new highs in our Pound trades, AUDNZD* has a small profit so far
US Stocks hitting all-time highs so all the Yen pairs are up today
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AUDNZD is one of my favorite pairs to tradeâŚin my opinion along with EURGBPâŚoutside of SW tradesâŚboth pairs are the simplest to trade on technicals
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Happy Thanksgiving everyone, I have been so busy stuffing my face I forgot we had some FOREX action today. AUDNZD is slowly pushing lower and now long-term trade GBPJPY hit a new high. Tomorrow will likely be another slow day then next week we we should see a little more action leading to a (hopefully) Santa rally
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AUDNZD just popped up onto my early warning for a potential No1 position, which GBPJPY has just vacated. Tuesday may be decision day for a trade. Weâll see. Enjoy the rest of the weekend.
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My own strengths scores for the leading currencies give GBP as most bullish again, witb 7 Bullish points to 0 Bearish. Scores are -
AUD = 1-6
GBP = 7-0
NZD = 6-1
JPY = 0-7
My question is whether its best to -
a) take a conventional sized trade in the strongest pair and run it using itsâ chart TA
or
b) take smaller positions in all the pairs of these strongest and weakest currencies and run them as a basket until a set time point after the mid-week, with a SL based on aggregated basket % profit.
Or doesnât it make any difference?
It was a slow week, Top Trade AUDNZD only +31 pips after three days as our top trade. These tight markets can take away your small profits fast once things get moving so be careful here
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Hi,
My stops is already at breakeven.!
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Hi,
TP HIT THIS MORNING.
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I told you things would pickup this week, and as I said last week, look for AUDNZD to go below 1.0500 and we got that but the big move was in Top Trade NZDCAD, I almost forgot about this one as it has been moving sideways for a week and today we got the big move, see charts below
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If you held on to GBPJPY you were rewarded today
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The market rewards those with patience and we are seeing that pay off this week, shorting AUDNZD was a no brainer and GBPJPY just topped 900 pips
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Laptop hard drive recently crashed. Does anyone by chance have the entire years daily ranking data via excel or csv?