If you had gone short all the yen pars at closing price on March 22nd , the first day of the 14 day run for Yen at #1 you would had made the following pips
AUD 109
CAD 233
CHF 224
EUR 265
GBP 131
NZD 121
USD 40
This shows prices are moving very slowly
I must of pissed off the Yen yesterday as it really came to life today opening up a big lead over all others
Top SW trade AUDJPY is now up 142 pips and previous top SW trade NZDJPY is up over 200
Another day of pain for anyone betting against the Yen, AUDJPY is trying to hold the 200 day moving average, if that gives then there is lots of room to fall lower. The Yen is locked into an inverse relationship with US stocks, as US stocks decline the Yen should remain strong
We have a new top SW pair short EURJPY, closes support is 300 pips away so this could continue to move lower even if the Yen’s long run at #1 ends
AUDJPY is no longer top strong weak trade and as I warned yesterday we were seeing strong support at the 200 day moving average, it is still in a down trend and could still had lower but until it breaks below the 200 dma I think I would look else where for a trade, Going long here has risk but with a stop just below the 200 it would be limited,
Like the AUDJPY the USDJPY is trying to hold the 200 dma. Buying here may be like catching a falling knife as we do not have a reversal signal yet, but risk would be low as daily close below the 200 would take you out of the trade
Dennis, I know you don’t use Metatrader, but here’s a MT4 indicator that uses your Stongest Pairs formula.
It will show the strongest pairs in the chart window.
You can also copy by right-clicking the data in the Experts tab at bottom of MT4, and then you can paste it into Excel. If you don’t get all the data, try copying the line below the line you clicked in the Experts tab.
Some parameters that will need to be changed:
NY_CloseDate: EST/DST date of the NY close (change this daily)
Timezone_Offset: Difference (in hours) between New York and Broker (change this one time)
StrongestPairs.txt (7.98 KB)
Please change file extension from .txt to .mq4
Here is my weekly look at the markets, Yen strong, Stocks weak, oil rises, Gold breaks out, all this covered in my video
Thanks for the info, I have never took the time to learn MT4, I know a lot of traders like it.
There are a few sights I have found that have some variation of a Strong Weak ranking, I have just been doing my own for such a long time I would have to find something that is really going to blow me away to give up my own rankings
Pound surges to the #1 spot as British PM offers plans for an unconditional surrender to Germany, Churchill mush be rolling over in his grave
GBPAUD is now top SW trade, we will have to see if this has legs or just a one day event reaction
USD lead market on the day with CAD weakest but not much movement
AUD and GBP lead currencies today, which does not help our GBPAUD play, this pair is only about 10 pips above it’s opening price. With US stocks trying to rally and AUD likely to strengthen on such a rally, GBPAUD may not be the greatest play
Here is my weekly market video, all eyes on French election this weekend
Well the globalist saw the French election as a victory so the Euro had a big day, US stocks also liked it so they were way up and that sent the Yen down. Now lets see it these moves are part of a trend or just a one day reaction
Pound hangs on to it’s top spot but it is the surging Euro that everyone is talking about. GBPCAD is top SW trade but anything long Euro is a good play. Yen continues to dive lower as US stocks rally again
Big up day for #1 GBP and another bad day for #8 CAD which is all good news to my #1 Strong Weak trade GBPCAD, up as much as 371 pips from its April 21st entry price
Lets not forget the previous top SW trade GBPAUD up +346 pips , this trade was triggered off of the big breakout candle from April 18th. Staying in this trade would had taken your best poker face as you would had to endure a 3 day -100 pip pullback, but would had been rewarded over the last three days.
GBP opens up large lead over the rest of the pack, Euro’s Monday opening gap is starting to fade
Long Pound against any of the commodity currencies is the place to be this week
