sorry if its a dumb question, but whats the implication of this for the USD? fundamentally that is. Stronger or weaker USD? Just curious.

Central Bank Watch

Your account will thank you for it.....

Sonic R. System

goodluck.

Sonic R. System

Careful selling CHF at the moment. Strongest currency across board.

Sonic R. System

I'm a great fan of strength/weakness trading. Got GJ going...366pips so far...

TEB: Daily Strength/Weakness Trading

Volume spike suggested sellers were still strong afterall, so closed that trade for +50pips. D1 Dragon sort of flattened out. Like you said...two weak currencies...

Sonic R. System

...maybe up till 0.8255. After that Im not so sure. D1 Dragon not inspiring much confidence yet

Sonic R. System

If your scout entry zones are correct, then use lowest swing lows for stops on buy trades (reverse is the case when selling). You can't afford to set too tight stops most especially on highly volatile currencies like GBP. Allow the trade to breathe ...

Sonic R. System

SL at 166.60.(out of screen capture area)

Sonic R. System

EURJPY Proper Classic Entry. Vol breakout at lows. D1 Dragon Bullish.

Sonic R. System

GBPJPY Proper Scout entry. Vol breakout at lows. D1 Dragon Bullish.

Sonic R. System

USDJPY Proper Scout Entry. Vol breakout at lows. D1 Dragon bullish.

Sonic R. System

EURUSD. Told cha.

Sonic R. System

Same setup on GBPJPY.

Sonic R. System

AUDJPY Long. High risk scout entry, but just couldn't resist. Setup looked too juicy ! D1 Dragon Bullish. TP@ RDH and/or RWH.

Sonic R. System

Told cha. See the break of the LH? Now waiting for any retrace below the dragon with stopping vol, enter scouts, stops below the the last swing low. If no retrace, I'll wait for consolidation above the dragon for classic entry.

Sonic R. System

USDCAD.

Sonic R. System

Also cooking on EJ.

Sonic R. System

stopped out for 30pips. High volume activity still at lows in line with D1 Dragon. Will look for proper scout re-entries.

Sonic R. System