Yesterday's trades were great, let's take a look at the analysis for today:

Weekly
EUR Falling hard
GBP Falling somewhat hard
AUD Starting to rise
NZD Falling and starting to go sideways
USD Rising hard
CAD Rising and starting to go sideways
CHF Sideways and up
JPY up

EUR-JPY-GBP-USD-CAD-NZD-CHF-AUD

Trades:
Sell EUR against everything except pound and NZD
Sell GBP against everything except EUR and NZD
Buy AUD against EUR,GBP, NZD
Sell NZD against AUD, CHF, USD and JPY
Buy USD against EUR, GBP, NZD
Buy Cad against EUR, GBP and NZD
Buy CHF against EUR, GBP and NZD
Buy JPY against EUR, GBP and NZD

Updates on daily and general trades coming soon
Comment:

Daily
EUR Falling
GBP Falling
AUD Rising
NZD Sideway
USD Rising
CAD Falling
CHF Rising
JPY Rising

USD-JPY-AUD-CHF-NZD-CAD-EUR-GBP

Trades:
Sell Eur against everything except GBP, CAD and NZD
Sell GBP against everything except EUR, CAD and NZD
Buy AUD against EUR, GBP, CAD and maybe NZD
Buy NZD against EUR, GBP, CAD (maybe)
Buy USD agains EUR, GBP, CAD, and maybe NZD
Sell CAD against everything except EUR, GBP, NZD
Buy CHF against EUR, GBP, NZD, CAD
Buy JPY against EUR, GBP, CAD, NZD

Resume:
EURCHF, EURJPY, EURAUD, EURUSD shorts
GBPCHF, GBPJPY, GBPAUD, GBPUSD shorts
AUDCAD AUDNZD long
NZDCHF NZDJPY short
USDCAD USDNZD long
CADCHF CADJPY short
USD/CAD up , I was gonna short on Monday hmm, please any further thoughts on this? Thanks
Reply
EilderJorgeGarcia NavdeepSinghDhaliwal
@NavdeepSinghDhaliwal, this analysis is for the Daily and weekly TF mostly, in the hourly interval CAD is rising, but USD is also rising so we might end with a doji today, over the long term I expect to keep the upside momentum.
Reply
This is great, what are the decimal numbers you’re using to divide each pair by?
Reply
EilderJorgeGarcia CBMotivation
@CBMotivation, on the chart the numbers are equal to the 300 weeks SMA of each symbol, so 1.2 is the 300 week SMA of EURUSD, for example, in the formula for the script below, SCSM it's slighty different and it's calculated like this:

euro:=(EUCl/MEMAEU + EGCl/MEMAEG +EACl/MEMAEA +ENCl/MEMAEN +ECCl/MEMAEC +ESCl/MEMAES +EJCl/MEMAEJ)/7


Where EUCL/MEMAEU = EurUSD close / Medium Ema of the EUR USD close (by default it's 100)
Reply
CBMotivation EilderJorgeGarcia
@EilderJorgeGarcia, thanks Eilder, I used the script over the weekend when doing analysis, it's incredibly useful when combined with price action and other technical indicators.
Reply
EilderJorgeGarcia CBMotivation
@CBMotivation, Indeed, I haven't used it fully on my real account yet, but on paper trading it has given incredible results so far, it works incredibly well as a trend filter, if you're an expert on other indicators and are just missing a good trend filter this one is very powerful... Out of all the trades, only the NZD did poorly due to a sharp increase in NZD demand, everything else is good (at least today)

The other good part is that works independently of the timeframe, so it can be used in weekly, daily, 4H, 1H and a friend told me it worked even in 15 minutes, but I never trade these smaller timeframes...
Reply
CBMotivation EilderJorgeGarcia
@EilderJorgeGarcia, Only time will tell, I'll continue to test it out and see how well it works long term, but today it's proved very useful, as a confirmation tool post analysis
Reply
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