Currency Basket #1 Sell CAD Manually closed all trades before London opening Starting Balance $50,000 Profit $2678 Closing Balance $52,678

Single Currency Basket Trading

So if you saw EUR going up from 2 to 5, and you saw USD going down from 9 to 6- then you would buy EURUSD? I like your idea and in theory it sounds good, however personally I would never take a trade based on such limited information. Remember the ...

How do you trade currency strength like a pro?

CAD has now been the weakest currency for two days in a row, and USD over the last 24 hours has been the strongest currency. This puts USD and CAD at opposite extremes and in my opinion are now ripe for a sharp pull back over the coming trading day. ...

USD/CAD

EURUSD - Long at the open of the next H1 candle. Target 1.09692

EURUSD

Hi honestknave, a brilliant indicator! I have been playing around with currency strength trading for quite a while now. I am very interested in the indicator's ability to customize the number of periods using the same time frame. e.g 24 hourly ...

csDash (currency strength meter)

Ok after testing this system over historic data- it did extremely well through 2015, but quite poorly through 2014 and 2013. So unfortunately it is not worth continuing. I'm not one to give up easily, so I am going to work on some new ideas over the ...

Weekly Average System

I have just closed both GBPNZD and CADJPY trades for the week. Both were successful. I am going to download a few years of data to back test this system properly over the weekend. I want to check how this system performs over the past few years ...

Weekly Average System

Hi broketrader, thanks for your interest. Re 4 vs 6 as opposed to 2 vs 6. Statistically when 4 vs 6 loses, it seems to lose quite bad and it tends to win less than 4 vs 6. In fact my system says to buy 6 vs 2 if the currencies in the previous week ...

Weekly Average System

GBP and NZD has held both top and bottom ranking this week. Also CAD and JPY have held 4th and 6th ranking. We have a lot of event risk on the calendar next week affecting AUD, NZD, EUR, GBP, CAD and USD, so could see some pretty big volatility. GBP ...

Weekly Average System

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Weekly Average System

So from now on, I will test this indicator by placing 2 trades at the beginning of every week. I will buy rank 1 verses rank 7, and buy rank 4 verses rank 6. I will place a Take Profit using the weekly ATR (14) of that currency pair. I won't place a ...

Weekly Average System

I have also noted that more often than not a 4th ranked currency will beat a 6th and 7th ranked currency the following week. Also a 1st ranked currency will more often than not beat a 6th and 7th ranked currency the following week. So for example, ...

Weekly Average System

I have been experimenting with the best way to use this indicator. The indicator gives me a snapshot of the past few weeks of currency averages and their relative strength to one another. I have noticed that currencies move in cycles. A currency may ...

Weekly Average System

My first two trades ended in profit but only after a rather large drawdown. So I have been trying to come up with a improved strategy that has less drawdown. I have developed a simple indicator that displays an average of the past few weeks price ...

Weekly Average System

Trend down, price touched resistance area on Friday which to me makes a good case to sell and hold this week. Daily chart

EURUSD

Trade #2 BUY USDCAD (trade will be entered near market opening) TP 1.24091 (if open price at market open gaps up or down, or if weekly ATR changes TP will be slightly altered) Weekly Chart

Weekly Average System

Trade #11 Buy EURAUD @ 1.40205 SL 1.39619 (58.5 pips) TP 1.41359 (115.5 pips) Chart H1

100% Mechanical Trading Journal

Trade #10 Buy EURUSD @ 1.08105 SL 1.07595 (51 pips) TP 1.09111 (100.6 pips) Chart H1

100% Mechanical Trading Journal

OK first positive trade- finally. TP hit - took a bit of time but got there Chart H1

100% Mechanical Trading Journal