We also have an inverted Head and Shoulder on the EURJPY, today we took out the neckline
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Looking forward to how it all pans out. EURJPY order is triggered.
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a little weakness in the pound everything else was up against the Yen
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EUR to a good start, GBP not so much so. NZD showing a little weakness but over all strong. AUD and CHF orders ready to be picked up (although i might be a day late with CHF).
Hi Dennis!
I’ve been reading your thread for a couple of days now. I followed the SW ranking but using the 200 EMAs. For the past two trading days I had NZDUSD as the top SW. I was able to lock in a few pips using your SW ranking. I got stopped out as the Kiwi made a big down move but I went back again as it is still the top SW. Keep on posting and you’re doing a great job for the community! -From the Philippines
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Do you mean using the 50 SMA and 200 SMA like this https://www.investopedia.com/terms/d/deathcross.asp
Hi FOK
It’s not a deathcross. The Kiwi just had a down move as shown and that was before the Challenger Job Cuts Y/Y report. It breached the 34 EMA and it went back up again. I placed my stop loss just below it and it was hit.
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I’m long in 2 of the 3, but have taken profits in AUD/USD so have a new buy order on that one.
Noticed that CAD has come up strong the end of the week, maybe more than AUD on my dashboard. CAD turns quickly, but it won’t last.
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NZD has been #1 since early November and shows little sign of going away anytime soon
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all three commodity currencies are 1,2 and 3 this is a bullish sign for the Stock Market as well
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Absolutely. I already have a long spreadbet on the Dow and hoping to be able to pyramid that one soon.
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mixed bag as we start the week with the usual Monday reversal. If you have not noticed prices more often than not will reverse from their opening on Monday
Here is a great example of the Monday reversal and also note how the price moved down and stopped at the 200 ma.
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Markets are moving, Gold and Silver just broke out, and I am looking for Bitcoin to break 20K this week
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our mixed bag turned into a down day for all Yen pairs, stocks down too. Congress denying Americans needed stimulus money as they force businesses to close is not good news for any Santa Rally
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Yup, knocked me out of most of my yen positions on trailing stop for a small loss. Except for CHF which is clinging on to it’s dear life at the moment. Another day!
But for most part, there are some great entry options available for any trader who loves entering on retracements.
Not much happening today
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My strong weak calculation had AUD as the strongest,I think it’s the fault of the broker am using
we had a small pullback last week but it is clear that NZD has been stronger than AUD for going on 4 months
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