Year to Date we see a strong Euro and a weak USD, outside of these two the rest of the market has been in a tug of war and not making any long term moves
Looking at a YTD daily chart of EURUSD, after a little pullback price is moving up again, this is the pair of the year, until something changes this is a buy on any pullback
This is a reset for most of our trades as many trends have reversed, still seeing some good moves in our newest trades, plus new high in a long term trade
All this and more in my weekly SW trade video
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Hello Dennis, do you trade with FXCM Trading Station standard acc, or is it only for analysis ?
Sadly all US accounts were moved off FXCM and on to Forex.com , But I still use FXCM Trading Station for analysis, I just like their charts a lot better
Another new Top SW Pair CHFJPY as the CHF falls back to 8th, this is 3rd new Top SW Trade in last 4 trading days, not a good thing when the market is turning over this often, use caution here, just because we have all these new trades and I am tracking them , does not mean you have to enter all these trades, I am selective and you should be too
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Top SW Trade NZDJPY has pulled back from it’s entry point and if giving us a nice pin bar reversal on the daily chart. I am not in this trade but a pin bar reversal at a major moving average is hard to pass up
Euro retakes the #1 spot as NZD retakes the #8 spot, EURNZD was already a Top SW Trade as of Aug 9th and hit a new high today, ( see my earlier post) CHF exploded to the upside. Lots of back and forth action here as the market tries to digest the strong trends we have seen the last few months
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Tie at the Top between Euro and Yen, all the comdolls were up today, Top SW Trade EURGBP has been a top trade going back to late May and has never ended it’s uptrend, up over +400 pips
YTD Top SW Trade EURUSD, is giving us a nice flag pattern, I am looking for this to head higher soon
As US stocks take a big hit, the Yen rallies to a firm grip on the #1 spot, Yesterdays co-Top SW Trade short GBPJPY scored 100+ pips on the day, How long yen rallies depends on how long US stock correction continues
Mixed bag this week as we have a consolidating market, here is a round up of all Top SW Trades for the week
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Like with US Stocks , very little change today in our currency rankings
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USD lead higher today which is odd as US stocks rallied, that in a normal market would mean a USD decline, but nothing is normal in this Central Bank economy.
Last 3 top Strong Weak trades continue to do well,
GBPJPY +224 pips
EURGBP +448
EURNZD +226
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My Top SW Trades are ripping higher today, EURGBP tops +500 pips, and EURNZD is up +370 pips,
Matching a strong currency to a weak and trade in the direction of the trend continues to payoff with big winners
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Top SW Trade from Aug 10th was NZDJPY, this one has spent the last two weeks in the negative, but if you stuck with it you were rewarded today
No change at the top but the weak became very weak, lead by NZD and GBP
My Top SW Trades did very well on the day as you can see by my earlier post
For the patient trader my SW Trades continue to score big gains
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Top SW Trade update
My 5 most recent Top SW Trades are
GBPJPY, EURGBP, EURNZD, CHFJPY and NZDJPY
Had you entered all 5 of these trades your combined gains as I post is +1,107 pips
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