I would say it is a brilliant idea !!!
This is a fine idea Dennis. Traders using the site would definitely benefit from greater perspective that greater specific knowledge would enable. They need to take into account far more than just the pin bar they see on the H1 chart for USD/TRY.
For myself, I canāt bring anything of value to the table with regards fundamentals - not even concerning my own GBP. I try to get perspective from assessing price behaviour across the spectrum of GBP pairs and the rest. I donāt read/view any financial news. But I love this thread.
MattMoney sent me
Just browsingā¦
Iām based in Qld, Australia and can help with the AUD analysis.
This is an interesting idea Dennis. I have quietly followed your thread for a couple of years and will certainly sign up to your new thread if it gets off the ground
It has been an active week with CAD nudging out USD for number one giving us GBPCAD* as our new Top Trade. Looking at the chart for GBPCAD this has been a wild one the last several months, if you trade it be ready for a wild ride
Nothing beats teamwork. Iām in. Still learning the trade. Will contribute what I know now. Based in GB.
US stocks are taking a beating, one would expect the Safe Haven currencies to be doing well today but that is not the case, go figure?
EURCAD* is our newest SW trade, looking at the chart price is at support but if it breaks this has a long way to drop
Strong day across the board for Yen pairs, but that strong USD is still out of place here
US stocks also look like they are trying to put in a bottom here, October is known for market bottoms
Hey, guys, how are you doing?
Who would kindly explain this strategy to us and is it profitable with my greetings
Or, hereās a genius ideaā¦bear with meā¦cause this is going to sound wildā¦
You read the thread?
It was mostly a down day for Yen pairs but everyone rallied in the second half of the day, so letās see if that rally carries into tomorrow
On Monday I posted this
and now we see the Drop, EURCAD* is up over 100 pips , mark that down as a winner
Another big day for CAD, CADJPY will be our new Top Trade
Stocks are acting like they have put in a bottom here, and the risk-on trade is being lead my CAD
Markets have been having bad weeks following good weeks, I sure would like to see two good weeks in a row before I jump in
i like cadjpy as well its looking very very strong on the weekly it has put in a small triple bottom
Youāre right.
I donāt look for such stuff because its hard to objectively identify but they are all 3 there. And with long lower shadows too, which is bullish. In fact they are pretty well matched with a similar weekly candle back at w/e 23/04, at the same price level.
Hi, I would love for it along with usdjpy to maybe set up abit of a coil first and then set up. Cadjpy could easiy trade over 100 where the average price it was trading back in 2006 , so if it has truly put in a bottom alot of pips can be had