Green day for Yen pairs, stocks are up but just barely
2 Likes
August is living up to its history as being a bad month for stocks as the Nasdaq has a second down week, With stocks down we would expect the yen to show strength but that was not the case as all Yen pairs were up
2 Likes
Here is how I see the current data including the recent undeclared Short AUDCHF
This is Dennis method, I’m just presenting an overall visual look at the numbers for the most recent 100 days to consider market conditions rather than just looking for entries.
3 Likes
I pulled these numbers a little early as things are pretty flat, with no change in the rank order
3 Likes
Bad day for stocks, Currencies mixed but like yesterday not much movement
Zig Zag is being very kind, but then charts are Dennis’s specialty, not words 
Check my previous postings and you will see NZDUSD in the table there, last “signal” was May 31 and it virtually reversed from there with a MAE of -427 pips.
This is a demo that I was going to use to track this method. By chance, the only position I placed was a short of NZDUSD but on August 11 due to price action agreement with the last signal.
As there is no defined stop loss or take profit, I have set it at +10% of account balance; that should look great after about 10 positive trades, don’t you think? Maybe +427 pips would work!
1 Like
Actually, looking at the BIG picture, +420 pips aren’t a bad idea at all, 800 pips zig or zag happens all the time with this pair, and take it down to previous lows, so nothing out of the ordinary, interesting.
2 Likes
And then there is this today, about an hour from NOW
2 Likes
Yen pairs all up as stocks loose again. That is how the market should behave
I am adding AUDUSD short as a new strong week trade, both AUD and NZD are at a near tie and I like trading AUDUSD a lot more
3 Likes
Great call, I thought it might stall or bounce a little here like the NZDUSD did yesterday, but no, straight down to 0.64 so far.
2 Likes
That is a whole lot of red, Strong Yen as stocks go down as it should be
1 Like
Top USD trades (NZD and AUD) all made money today
3 Likes
Tracking the course of USD from weak to strong; now can it stay there enough days to take the coveted Top Spot?
2 Likes
For the week GBP was strongest , followed by USD, everyone else was down against the Yen
Stocks down and Bitcoin is taking a big hit
3 Likes
This is my last post for the next 3 weeks, taking a long vacation
You all take care
5 Likes
I thought I saw Friday’s data there about 12 hours ago, maybe not.
Anyway, here is mine, I’ll try to keep it up as the un-official keeper of the data, ha ha.
Using Tradingview and Pepperstone prices, makes it easy as.
1 Like
Here is my calculations courtesy of Pepperstone (UK). Analysis is Friday 18th August 2023
Using the prices below to get the analysis.
4 Likes
I am back, travel plans delay a few weeks, I should have an updated SW rankings at market close
3 Likes