Hi dennis, great thread
What do you think of the GJ, will it probably pullback, hit the purple line and rally back up, will it pullback, hit the red line and then rally up or will it continue without pulbacking for now? What is ur opinion about this?..
They call the GBP/JPY the dragon for good reason as this one can move a lot very quickly, Monday was your chance to get long, now we wait for another pullback. Note this run is getting long in the tooth, not sure how much more it has before a deep pull back. A weak rally in yen would be your setup to go long. Final note, Yen is still YTD strongest currency and Pound the weakest
Weekly market review video
except for CAD not much change from week before
Great, thanks for the heads up, I´ll be waiting for the pullbackâŚ
Big reversal day for Euro, in the short term I would not be short Euro following todayâs action
Hi.Julius Wfx here
When ranking the 8 major currencies I see you getting daily ranks; I know the formula well but do you use the weekly chart on ranking or the daily chart.
Price is same on the weekly chart but distance between the 200SMA and the price is not the same on the daily and weekly charts.
So which chart is best for ranking
Julius
I use the 4hr chart and 200 sma on the 4hr chart. and I take my rankings at the end of the day which is 5 pm eastern time
Here is a short video that explains how I create my rankings,
Pullback day, Euro is giving a good price entry after yesterdays reversal
Thank you so much Dennis
Julis Wfx
[QUOTE=Dennis3450;795826]I use the 4hr chart and 200 sma on the 4hr chart. and I take my rankings at the end of the day which is 5 pm eastern time
The video doesnât seem to show/exist.
Can you please send another link
Julius Mfx
GBP down a bit , AUD up. But no big movers as US stocks had a very good day
SW rankings is not for entry and exit but to identify strongest trending pairs. How you enter and exit is up to each trader. I like to enter on pullbacks and exit on a reversal signal that go against the trend.
[quote=âDennis3450,post:436,topic:77959â]
I totally understand that. What I am trying to say is; the YouTube link you put doesnât play. I just wanted you to send another link
I just clicked on the link above and it worked for me,
CAD #1 for first time since April, another reversal day for Euro
What I am trading
CAD looks like a good bet as Oil is set to move higher, I have gone with CADJPY , as you can see following the US Election CADJPY gave a huge pinbar reversal and is up 900 pips following the election
Really interesting method. I tried many other trading systems but this really resonates with me. In another system, I already used this kind of strong/weak-analysis via an indicator but just as a side-thing.
So according to your analysis, I went in on GPBJPY and CADJPY the last 2 days. At the moment, Iâm +210pips. Now I will start reading your 2 threads and watching the videos you posted.
I really hope you keep posting here and teaching us about this strategy!
Thanks Vincent, and congrats on catching todays move in GBPJPY and CADJPY. It does not always workout this well and you still need to have sound money management and a entry and exit strategy. My SW rankings will lead you in the right direction, but making and keeping those pips will depend on you.
Yes, entry and exit strategy will probably be the most diffucult to figure out. Did you also talk about this topic in your threads?
Dennis
I am 110 pips on the GBPJPY, I got some pips on the GBPCHF, trailed my stop above breal even and I opened another. Let me continue with MA practice
