Watching this - USDCAD… 
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Finally Ive been able to keep the profits consistent using S/W and price action.
Been through so much hell with forex and now I have less emotion while trading.
The last part is the greatest achievement and maybe the last part of the puzzle.
We’ll see whats next 
Hey thank you Dennis for keeping this thread going.
Provides lots of inspiration.
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Nothing in this world makes any sense and nothing illustrates this more than a strong Dollar, and how about this move by USD against fellow safe-haven JPY. No way to see this coming, but if you closed your eyes and just traded my Top SW trade you would Long USDJPY and making money today
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It does make sense. In the background China is much worse off because of the pandemic than people think. One example, I was laying a foundation at the Palacial Ranch and Estate this Summer, and guess why I had to wait, NO REBAR in NC, none, zip. Zilch, nada. Also the current chip shortage, look at the prices of high end video cards, we, in other words anyone who is outside the Chinese central govt, will never know how many have died there, and how much of an impact this has had. I also happen to know that much of the production that was being done in China, has now been moved to Mexico, the US and Central America. And yes rebar and video chips come from China. Weakness in the Yen is a reflection of what is really going on in Cina.
The Ever Salient VIPER
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No way to see it coming? That’s a big ego, this system is the one and only way, really?
How about old-fashioned price action with breakouts, constantly higher close every day?
Can’t see those? USDJPY was in a range, guess traders were asleep as well.
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Don’t really agree. Before the break-out, I could not see any evidence the break-out was coming: obviously, once it happened, it was clear. But what evidence was there a week back that the break-out was coming?
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I’ll answer your question, but please, provide an example of your definition of evidence that the “breakout was coming” on another pair obviously, something that you have trade in the past. I’m expecting clearly defined details, price levels, candles patterns, horoscopes, whatever it is that you use to see a breakout before it happens.
Let’s look at important horizontal, fixed levels, that is the definition of a breakout to me, as opposed to subjective trend lines, channels, triangles, or such.
Obviously, I can’t see a breakout before it happens, but there was a 200 pips move on a pair that has an ADR(10) of 63 - many opportunities to enter a position. I’m sure the 1-hour chart would provide even more if that’s your preferred TF.
I can’t see a break-out before it happens. I’m struggling to understand if there is any TA evidence which can do this.
I guess I read your comment the wrong way, moving on…
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It sure was the most dramatic break-out though - 6 wide bullish candles in 6 consecutive days, with the feature confirmed on the second day. Nice.
I’ll read this book and let you know
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My take on USDJPY, took weeks to clear the heavy zones above. But had no technical reason to jump on
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I have an idea that might interest both of you, I will post it a little later tonight
pullback day for USD, everything else was pretty flat.
I have an idea for a new thread, I will post my thoughts later tonight, and welcome your feedback
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Of course, it’s not technical, if we can reduce trading to a mathematical formula, we will all be rich.
Hint: you need to track bond yields, so that’s fundamental, Dennis will understand
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Ok, here is my idea, We form a Trading Team ( and a new thread) , using the same model as the MIT Blackjack Team from the 1980’s. Brief history, Blackjack is the only game in a casino that the house advantage is not fixed, and for brief moments the odds can favor the player, The way you know when the odds favor the player is through card counting. Now it can take a long time before the odds favor the player so the purpose of the team was to place one card counter at each table playing the table minimum then when the card count favored the player they would signal the big money player to come to that table with the big bet. This is why casinos are unfriendly to card counters, and card counting teams.
So the way this would work for us is we would have one team member assigned to each of the eight major currencies ( just like the card counters at each table) They would study the Technicals and Fundamentals of their assigned currency and report to the team if they spot something that could lead to a sudden price move. An example of the way this would play out is to say the person following USD spotted some change in the Technicals or Fundamentals that they felt made USD a buy, and at the same time, the person following the CAD saw something to suggest CAD was a sell. This would give each member if they choose to, the opportunity to go short CADUSD
With such information in hand, it would enhance the conviction in our SW trades and maybe get us in the trade a day few days before they become SW trades
I don’t think this would be too hard to achieve as most of you a very aware of the events going on in your own country and how it is likely to affect your currency. So obviously the person covering AUD should live in Australia and the person coving GBP should live in Great Britten and so on.
So what is everyone’s thoughts, am I crazy or does this sound like something you would like to participate in
I welcome your comments
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Definitely has merit, not crazy at all, I’m in, can do AUD on my own or as part of a down under team if there are many volunteers. At the very least we will get different views and probably learn about other trader’s concepts of strong vs weak and the all-important trend.
I had a similar idea for a group with each member having one pair to analyze; thinking about it now, the outcome probably would have been hilarious, so be interesting to see where this leads. 
The format could be as a weekly outlook on Monday, daily observations, and a weekly wrap on Friday or Saturday.
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Not a bad idea at all.
You could even have a small team of 2 or 3 working with each country’s currency just in case something is missed.
Or, have each team member specialize in areas that influence that country’s currency, like how OIL can affect CAD.
Might be overkill, Oil’s not that exciting…but that’s one example.
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