I just realized, last week marked the 7-year anniversary of my posting Strong Weak rankings on Babybips.
Thanks to everyone sticking with this strategy, we have had some amazing runs and weathered some bad markets, yet this simple ranking continues to nail great trades
Here’s to a great year 8
“Holly cow Batman” as Wall St. tries to break its 4 day losing streak, Yen pairs are getting plummeted.
I hope none of you are on the wrong side of these year killing moves.
Wow! on a day that Wall St. breaks its 4 day losing streak, you would expect the Yen to be down a little, after all the Yen and US stock market is suppose to move in opposite direction. Could this be a warning that a hard fall in stocks is coming soon, maybe before the new year
On the positive , if you are holding Top Trade NZDCAD, your loses today were minor. Anyone here long the Yen before today’s action a big congratulations to you
It can be scary going short after such a move, but that is what SW is telling us today, Are there any brave soles out there
I recall John Kicklighter on DailyFX suggesting a few weeks back that the BoJ might soon be driven to take some dramatic action but I didn’t pay much attention: can’t even remember if he said USD/JPY would rise or fall and it was so many weeks ago it could have been either.
Anyway, I have been short USD/JPY for 3 weeks and so today’s fall was good for me. As of last night I didn’t have any positions or entry signals in any other JPY pair - which is fine as 3 of them would have potentially been long and 3 short.
I think you would have better luck trying to outsmart a casino roulette wheel, than guessing if this market will be up or down on any given day
if you jumped into CADJPY at yesterday’s closing price, you are about 50 pips down, lets’s see what tomorrow brings. Stocks had a nice bonce but still being lead by the DOW, that is telling me smart money is still buying safety
Talk about a lump of coal in your stocking. Any gains yesterday have been wipeout, NASDAQ is leading stocks lower and near a new low. On the good side, our top trade CADJPY is near breakeven.
Trading View is not showing me the current 200 dma, so these number are going to be a bit off, rank order should be correct.
I will be traveling tomorrow, if you don’t hear from me before Sunday, here is wishing all of you a very merry Christmas
Happy Christmas Dennis and crew from Tipperary Ireland 
All yen pairs are up following Dec 20th selloff, now the question is this just a dead cat bounce and how long will the yen remain correlated to the US stock market?
Note, I normally don’t trade the last week of the year, Just to much happening outside the market. I will also be traveling for the next few days, If I am able to post updates I will, if not, everyone have a great week.
Take care Boys & Girls… Those that follow this thread closely will be aware that as soon as the JPY hits number 1 spot, it can lose strength fast and within a matter of days can be back at number 8…
DYOR.
One final lump of coal to end the year
How bad was it
DOW down 8%
S&P 500 down 19%
and NASDAQ down a retirement killing 34%
Happy New Year Dennis!
Happy New Year to All for 2023
No love for Yen pairs as we start the new year
Yen pairs trying to make up for the last two days, let’s see if these numbers hold into the close
