Top Strong Weak Trade GBPAUD did give us over 300 pips for the week, other then that not a whole lot happening in Forex as most everyone is looking at Bitcoin
2 Likes
Strong Weak rankings for Monday, good day for NZD
We have a new sheriff in town as New Zealand goes from worse to best, NZDCAD is our new top SW trade, not one I normally trade but I will track it at today’s close price
1 Like
This is just mind blowing… I’m new here. I just had to make an account just to say thank you. Been following the Top versus bottom for three days now and won everyone. Mega pips…
One thing is though just because say GBP is the top and Aud is the bottom as it has been doesnt mean the GBP will go up. I have been using a custom currency strength meter to alert me which one is weak and which one is strong.
Even when the GBP was the highest and AUD the lowest. My currency meter alerted me to a big down day… Well yes it did. The AUD was alot stronger that day to the GBP.
I take Dennis’s top and bottom and wait until one is very strong and the other very weak.
What amazes me is that the pair either up or down is one of the biggest movers on the day. Well so far as been testing it.
Just amazing and massive thanks Dennis. Now I can just have one trade a day but with a high success.
Please keep posting.
Neil
2 Likes
Top SW trade NZDCAD scored 94 pips on its first full day as our Top Trade, good start as it has been a long time since we had a fresh new trade to talk about
Congrats Neil, love to hear all the ways different traders on making money using my rankings
2 Likes
I’ve entered into a NZDCAD long.
4hr showing some consolidation and no real further movement lower. Entered with a stop of 50pips below the structure point.
Sharing a NZDUSD trade i’ve also entered after a pullback on the daily to structure. 1:1R of 80pips. Chart is 4hr
I’ll add another thumbs up too Dennis.
I’m sure there are more than a few newbies grateful for the heads up your work delivers.
At the very least it offers them a focus point to further develop their awareness & preparation skills.
Coincidently one of the op’s was discussing the New Zealand Dollar in relation to the CAD + 2 other strong performers in this thread 2 days ago, remarking that exponents should have had that at the top of their hit list for a while.
I’ve dialled back through your thread Dennis & cross referenced the recommends from that one where applicable, & more often than not you’re both usually in agreement with at least 2 or 3 top performers.
1 Like
No trade for myself today on the NZDCAD so far. The CAD has slightly more strength today then the NZD.
NZD = 32.2% Versus CAD = 56.4% - No trade until one is above 70% and other below 30%
You need a lot of patience in forex though and its time will come.
Yup. I’ve been stung on NZDCAD! Poloz speech has helped CAD strengthen!
May I ask, how did you calculate those percentages?
I use this true currency strength meter. The best I have ever seen… I only use the power setting on today’s candle (Setting 1 on the D1 timeframe)
Not sure if I can post it here but take a look. By using Dennis’s rating I wait until one is high and the other low. Above 70 and below 30 and buy/sell even if it goes against Dennis’s highest/lowest as we all know what goes up must come down again. This means I can just concentrate on one pair per day.
No Trade today though even though the CAD went above 90… The NZD stayed about the 55% proving it wasn’t that weak against other currencies
hey! much appriciated, the prompt reply, I will take a throughout look 
I would love to read some clarification though how do you apply this indicator, with Dennis’ SW analysis?
Was NZDCAD a one day wonder, complete reversal of yesterdays gains. The whole market is in a tight consolidation with lots of counter-trend rallies, also keep in mind New Zealand has been the years weakest currency and this rally on a year to date has only moved it to #7 just ahead of the US dollar. One day does not make a trend, let’s see what tomorrow brings
I just use Dennis’s rating and take the strongest and weakest from Dennis’s rankings. This means I can just concentrate one of currency pair per day.
So today (Thursday) it would of been the NZD v CAD - If by using the other currency strength meter. If one is the strongest and the other the weakest I buy/sell that pair.
Today the CAD reached a rating of 90 which is extremely strong but the NZD rating was about 55% mostly all day which means it was neither strong nor weak. So no trade even though the CAD dropped alot.
Still testing it but no trade today but had 3 out of 3 winners so far. Over 900 pips. Still testing it out and trying different settings but I ALWAYS only give a rating to today’s candle. Im not interested in the past candles.
At the time of posting this the NZD = 29.8% and the CAD 55.1% - The Hoping tomorrow the NZD takes off again. We will see.
Hope that helps.
1 Like
Many thanks for taking the time to answer, that clarifies a lot.
Well I brought the NZD against the CAD and was $500 up and the Oanda servers went down… Typical with no stop loss. If it crashes I’m doomed.
OK back to ADS Securities London MT4 after I get some sleep. Wish me luck it keeps going UP!!