Top Strong Weak trade from last month AUDUSD hit a new low, raising our pip total to + 156
Big turn around at the top as Euro takes #1 and this does not look good for the Head and Shoulder top trade in EURUSD, that could be a failed trade, and the rankings never lie,
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Looking at our current Top SW trade EURNZD, was entered back in August ran up to +680 pips, pulled back for a couple weeks but stayed above its entry point then rallied to a high of + 1206 pips, followed by another pullback and now looks ready to run up to new highs. Euro is still top currency year to date and NZD been battling USD for the 8th spot. Hard to find fault in being long EURNZD and let it run
Good day for Yen, bad day for CAD, other than that more tightening of the market
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Pinbar reversal yesterday in EURUSD could be giving our Head and Shoulders short trade another chance
Lot of weakness in both AUD and NZD, Our Top SW Trade EURNZD has twice come a half of pip of it’s October high, either we get a breakout move higher or a double top and price pullback. This market does not give up gains easily
Top SW Trade EURNZD is now breakout to new highs, we need to see that blue candle close near it’s high, for you day traders you could have made a fast 100 pips on this one.
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Just a quick post as I will be away from the computer until later tonight so no video until then. As you can see Yen has completed it’s 3rd trip of the year going from last to first.
Running a little late tonight, here is a quick review of my Top SW Trades, Yen is back on top, EURNZD just keeps on giving
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Just a day of pullbacks and market tightening
Another day, more pullbacks and market tightening. If this low volatility in FOREX is putting you to sleep, there is a lot of good action in Tech Stocks and Bitcoin.
when I first got into FOREX 6+ years ago, 1000+ pip moves in a month were common, not so much anymore.
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Yen grows in strength and we have a new Top SW Trade, JPYAUD, this is in a pretty good downtrend. we will use todays close of 84.67 for tracking
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No video this week as I am about to leave on vacation, so this will be my last post until next weekend, here are my latest SW rankings, as you can see not much changed from last Friday, EURO and Yen swap places and rest of the market just tighten up. EURAUD is a new TOP SW Trade. But if you are already playing EURNZD you may not want both as they are about the same trade. EURO remains top currency YTD, not that the Euro is doing that great it is just that everyone else sucks more.
Everyone have a great week, don’t make any trades I would not and I will catch you in a week
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Back from vacation and ready for the Santa rally, Good week for the Pound, No new trades just new highs in some old trades
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GBP hangs on to the top spot but is pulling back in early Tuesday trading
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Another day of consolidation, that has been the pattern this year
Stong move in Yen with weakness in CAD and AUD
I am not doing a whole lot of Forex trading right now as most of my attention has been on Bitcoin, just today we saw Bitcoin blow throw 12,000 then 13,000 and now is about 14,000 this is the most insane price run I have ever been a witness too.
Join the conversation at the tread below,
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Bounce back day for the Pound, but that was small potatoes compared to todays run in Bitcoin
r
