A big green day on Friday has our Yen pairs all pretty close to where they started the month, with the GBP strongest and USD weakest. I am still holding a side bet on the Yen going back to #8 and as USDJPY long was the play of the year for 2022, USDJPY short is looking like it could be the same for 2023
japan wont let their currency stay strong for very long since they are a significant exporter (despite FOKâS griviences) so i agree with Dennis âŚthat is why I like going with buying cadjpy and nzdjpy now lol before it movesâŚif you look on the chart you can see strong buying already taking placeâŚi do my sw abit differently âŚmore of a long term perspective and NZD is the strongest and USD is the weakest âŚYOU can see that on the chart KIWI long is the place to be with rates expected to be up to 5.5 percent âŚ
in fact CADJPY did left right combo which is a very very very powerful signal and now above the TLINE so my view is in a uptrend right now.
AUDUSD may be doing a j hook pattern which may take it to the 0.7300 area âŚFOOOOOOOOOOOOOK!!!
Not sure about J-hook or Bats, and such, how about ABCD, XYZ, perhaps to share a chart will assist the vision; I see LW has long signal long time now, good lucks
Totally agree, you are the voice of reason as usually and you say it so well, thanks
Interest Rates
If 0.25% higher or lower differential it is considered positive or negative for the currency
A all green start to the week, if these numbers hold the Yenâs three week hold of the number one spot will end
Japan already taking measures to devalue their currency
We see this pattern over and over, the Yen makes more round trips form first to last and back to first than any other currency. This is why I have said many times, the best time to short the Yen is when it is #1
Good luck with your trade
We have a new sheriff in town as AUD takes over the #1 spot. This makes long AUDUSD our new Top Trade. AUDUSD as a trade has not gone well for us the last 3 times SW has given us that trade, will this time be different? As many of you know I have money on AUDJPY, an AUDUSD trade would be about the same thing as you are trading a Risk On currency with a Risk off
It was also a nice up day for stocks, led by the NASDAQ, does this mean the bear market is over and risk-on is back in play, it is too early to tell but if that is the case we are here at the beginning
Good luck everyone
Looks abit extended right now.
Lol, thatâs pretty funny
I wonât argue with that 
Brilliant!!!
@Dennis3450 i was thinking the same way. Forex is less volatile to me;i make more money on it than on stocks.
Small down day for Yen pairs, Top Trade AUDUSD was up for a small gain
That is funny
Good morning and Iâm sure you have answered this 300 times but I couldnât see it/find it. Do you have a video explaining how to calculate the strong weak pairs please?
I remember watching a video of yours before where you did it but thatâs probably 2 or 3 years back.
Thank you and I really enjoy your thread.
If I could jump in here I would suggest this clip -
