@Dennis3450
wow, never knew you trade counter trend, I thought you only trade in the direction of the strong and weak trend. Are you trying to say you trade reversal based on strong and weak ranking?
Strong day for the Yen as Coronavirus fear dominates the markets
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Does this mean USD/NZD is a buy?
So am I to understand that I am to pair the strong currency for the weak one on the list provided? Say for example the most positive vs the most negative?
How are these being calculated? And are they good for the day or week?
Also how does this compare to other Strong vs Weal Analysis Indicators such as Finviz or the Forex Power Indicator?
Forgive my stupidity…that should of course read NZD/USD a sell?
It’s explained further up in the thread.
Thangs are really bunching up at the top while NZD and AUD dominate the weak side
Top Trade EURUSD has completely reversed and hit its breakeven stop point, Just like NZDUSD we got to 95 pips, Let’s now see if EURUSD like NZDUSD shoots lower after stopping us out
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Our Strong Weak rankings is based on mid term trend (33 days) long term trends can take place over months, this is why I have advise in the past if our SW Trend is counter to the long term you should be quicker to take profits
Crazy days on the market. I’m resting a bit from forex and trading major indices, since the big correction finally came, but now that the market may start buying the dip let’s look closely this nice EURUSD.
It seems a good one for me. Close to the 20 daily ema, strong downtrend and markets crashing in europe. What concerns me is those huge bullish candles at the US opening. They happened on the 21, 24 and 25 February, very clear on the 4H chart.
I will wait and see, but I’m with Dennis. It seems like our NZD from days ago.
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EURUSD has retreated to a SR level which can be seen back in 2015. I am waiting for a rejection of this level, 1.09, for adding to the position.
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Those who stayed in the NZDUSD* trade continue to be rewarded, overall the FOREX market is not having anything like the correction we see in stocks.
While most of the blame for the stock market is going to the CoronaVirus, I sill wonder if the possibility of a President Bernie Sanders is playing into this stock selloff
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Or perhaps it is because Trump dismantled the CDC?
Yeah the heavy buying was at 14:00 on my chart each day. Is that some coordinated action to move price to a certain level? Looks like it to me …
Most probably it’s the bleeding that we are seeing on the US equities market. Today I confirmed, SP down, dollar down, EURUSD up all the time. Now that’s annoying after that huge green candle, a suivre
We have a new Top SW Trade NZDCHF*
You could easily make a case for any of the top five matched to the bottom two as a good trade
Coronavirus news is killing stocks, Currency trading looks much safer right now
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If you want to buy the dip, that’s risky, but shorting a few Nasdaq and SP500 after reading all the signs wasn’t so risky, and paid me nicely those last trading days.
Now what became risky is my eurusd trade. In one day we went from -0,89 % to 0,16% SW spread. How come the euro became a buying while the eurozone is suffering?
No matter what system or method you trade, always bear in mind the sentiment of crowd. As at today, over 60% (source www.fxssi.com) of retail traders are short on the EURUSD so the market makers will keep taking EURUSD prices up… it can be really that simple sometimes to explain …but what do I know ? I was long EURUSD yesterday and long EURCHF today both with huge wins…
And the USD slips below the waves for the time being… Called it a week ago…
This Black Swan Event just shows as much as things change… they remain the same.
CHF and JPY are still the safe haven currencies they always where, and the AUD and the NZD get dropped like hot potatoes when the excrement hits the fan… just play money for the markets.
From your source the crowd were also buying AUDUSD by 82%. Why didn’t you sell AUDUSD as per your not following the crowd strategy and following the market movers. It’s actually not that simple mate!