Tradinggrouptw

Tradinggrouptw

See chart for description.

Tradinggrouptw

Hi all, Potential trades setting up on GBP/AUD. On the daily TF: awaiting pullback followed by conformation/ failure to go long as the 3d leg is bigger or the same size as leg 2, indicating that a test will come in. Once the test have been completed we are currently 2 legs up on the weekly TF. Awaiting pullback followed by conformation / failure to enter Long to...

Tradinggrouptw

One of the biggest reasons 98 % of traders lose money in forex is because they don’t know what currencies are strong respective weak. Knowing the strength of a currency will dramaticly help you on the way to become a world class trader, you will never look at the market the same once you have fully understood the importance of currency strength.

Tradinggrouptw

See chart for description.

Tradinggrouptw

See chart for description.

Tradinggrouptw

One of the biggest reasons 98 % of traders lose money in forex is because they don’t know what currencies are strong respective weak. Knowing the strength of a currency will dramaticly help you on the way to become a world class trader, you will never look at the market the same once you have fully understood the importance of currency strength. For more...

Tradinggrouptw

Merry Christmas to all at TradingView ! o<:) Best Wishes, Carl Ekstroem

Tradinggrouptw

Daily Currency Strength pre-Asian Opening: AUD -6, CAD +4, CHF +1, EUR -1, GBP +4, NZD -3, USD +7, JPY -6. GBP/AUD: If market gaps down at market opening, we are going to buy in to the gap, since GPB is strong (+4) and AUD is weak (-6). If market gaps up, we want to leave this pair alone. ***The last this we want to be doing is selling a strong currency against a...

Tradinggrouptw

Weekend-gap Strategy A great way to kick start the week of trading is to trade the weekend-gaps. When the market opens, look for price gaps which have currencies that are in opposite strength to each other. Example: AUD is -4 and USD is +6, If the market gaps up on AUD/USD, then this is a great opportunity to sell into the gap. There are 2 facts that you have to...

Tradinggrouptw

Today is an exciting day for traders all around the world! NFP will be release in the coming hours and if NFP comes strong, EUR will weaken further and might open up the opportunity for a long position on EUR/CHF at the golden 1.20 area.

Tradinggrouptw

Hi all, Above you find the best pairs to trade whether you are expecting a strong USD or a weak USD. This is based on the overall currency strength. NOTE: The direction of the NFP is most often the remaining directing of the day on the weakest respective strongest pairs depending on whether USD comes strong or weak. Example: If we expect a strong NFP, pairs like...

Tradinggrouptw

One of the biggest reasons 98 % of traders lose money in forex is because they don’t know what currencies are strong respective weak. Knowing the strength of a currency will dramaticly help you on the way to become a world class trader, you will never look at the market the same once you have fully understood the importance of currency strength.

Tradinggrouptw

Hi all, Potential trade setting up on EUR/GBP. Notes: EUR 0, GBP +4, leg 2 currently running. Awaiting struggle/ wick to enter short. SL: Above Entry. Target: Recent low R:R: 2:1 Correlation: GBP/CHF UPDATE: News kicked in and price spiked up so this trade is a scratch, expecting market to reverse from 0.79 area.

Tradinggrouptw

This is a example on how to trade price action with currency strength, find out more here:

Tradinggrouptw

One way to determine the strength of a currency is to add 2 moving averages to the charts, one set to 5 and one set to 12. If both the 5 MA and the 12 MA is pointing upwards, that means +1 and vice versa if both of the MA:s are pointing downwards. If they are pointing against each other, different direction or are flat lined, thats equals 0 as we are most likely...

Tradinggrouptw

Sorry this was uploaded by mistake, ignore it :P You can find the "How to determine the strength of a currency" post here:

Tradinggrouptw

One of the biggest reasons 98 % of traders lose money in forex is because they don’t know what currencies are strong respective weak. Knowing the strength of a currency will dramaticly help you on the way to become a world class trader, you will never look at the market the same once you have fully understood the importance of currency strength.

Tradinggrouptw

Hi all, Potential Short coming up on AUD/NZD. Notes: (See Chart) Correlation: None Dec 4: Currently awaiting pullback followed by a failure/struggle to enter short.