EilderJorgeGarcia

EilderJorgeGarcia Updated 

Okay, this time I'm going to show one pair where this setup performs in an awesome manner and how the algo does it... First, take a look at the SCSM III, settings 80,2,30 making it more responsive short term, use what numbers work best for your strategy or your pairs. The strategy presented does the following: When the pair crosses over or crosses below it opens...

EilderJorgeGarcia Updated 

Short resume of the chart: USD Side down CHF Up JPY Up NZD Down EUR Side Up AUD Side down GBP Up CAD Down EURGBP Sell EURAUD Buy EURNZD Buy EURUSD Neutral sell EURCAD Buy EURCHF Sell EURJPY Sell GBPAUD Buy GBPNZD Buy GBPUSD Buy GBPCAD Buy GBPCHF Neutral sell GBPJPY Neutral sell AUDNZD Neutral buy AUDUSD Neutral...

EilderJorgeGarcia

This post is to explain how to use the SCSM indicator and how to predict currency strength and possible movements based on that. Take a look at this chart: We can see the following data: USD is at the top, it fell for some days, gone back up, it's flat now and could fall again for some days or go up, since it's so strong we can risk and buy even when it's...

EilderJorgeGarcia Updated 

Greetings, I've spent a considerable amount of time trying to find the magic formula to stay profitable, I've read books, I've heard speeches, I've talked to pros, and I've stayed profitable, BUT... I've also lost quite a bit, I tried coding my strategy to see how it would really perform without sentiments, as executed by a machine and I was really suprised, no...

EilderJorgeGarcia Updated 

Weekly EUR Falling hard GBP Falling somewhat AUD Sideways NZD Falling and starting to go sideways USD Rising hard CAD sideways CHF Rising JPY Rising hard Trades: Sell EUR against USD, JPY, CHF Sell GBP against USD, JPY, CHF Don't touch AUD Buy NZD against EUR,GBP (risky) Buy USD against EUR, GBP, maybe NZD maybe AUD Don't touch CAD Buy CHF against EUR, GBP, maybe...

EilderJorgeGarcia Updated 

Here's how currencies are looking on the weekly TF: Weekly EUR Falling hard GBP Falling somewhat AUD Starting to rise NZD Falling and starting to go sideways USD Rising hard CAD sideways CHF Sideways JPY up Trades: Sell EUR against AUD, USD, JPY, CHF Sell GBP against AUD, USD, JPY, CHF Buy AUD against EUR,GBP Buy NZD against EUR,GBP (risky) Buy USD against EUR,...

EilderJorgeGarcia Updated 

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...

EilderJorgeGarcia Updated 

The chart shows the strength of each currency today, 24 of may as posted below: Daily EUR Falling GBP Falling AUD Rising NZD Rising USD Sideway CAD Falling CHF Rising JPY Falling and then rising USD-CAD-JPY-AUD-GBP-CHF-EUR-NZD Trades: Sell Eur against everything except CAD and USD Sell GBP against everything except CAD and USD Buy AUD against EUR, GBP, CAD and...

EilderJorgeGarcia Updated 

There are three reasons for upcoming CAD weakness: 1- Oil prices going down 2- Bad core data on friday 3- No good results on NAFTA talks On top of that, we can see double top patterns and the average slowing and reversing. Try to pick a good entrance point and go short in CADCHF and long in NZDCAD. Why CADCHF and NZDCAD?, both have plenty of space to make good...

EilderJorgeGarcia

I'm not good at explaining my analysis, but the general idea is that EUR lost steam and is very bearish now, this pair was flat for a while but yesterday finally broke down, we saw some resistance today, but the fact that this pair kept falling despite the weakness of the CHF confirms the breakdown. In the Swiss franc currency Index we see that the fall stopped...

EilderJorgeGarcia

Wait for confirmation but this pair is a bit overbought and should fall sooner or latter, just keep it on your sights for now...

EilderJorgeGarcia

EURGBP pair is in a very wide range, with the Euro falling and the british pound recovering this is a good trade to hold for a few days.

EilderJorgeGarcia

Both currencies are weak an in a nice range... EURAUD increasing from the lower band to the upper band nicely.

EilderJorgeGarcia

A combination of indicators including MA and RSI giving me sell signals. AUD monetary policy was pretty normal, australian economy is doing well, but not impressive, still the A61! futures stopped falling and has recovered somewhat, I expect the Australian dollar to appreciate at least during the following week. The british pound is still going down thanks to the...

EilderJorgeGarcia

Price broke support, NZD index is falling while DXY is rising, strong trend forming, RSI is falling and moving averages align... I would take profit near the 0.7 level because it being a round number will slow momentum and maybe cause a retracement, stop loss a few pips above the high of today.

EilderJorgeGarcia

Euro/USD bounced off support and is out of the volatile area, should go until 1.2332, at that point people will start taking profits and may bounce back. If it breaks above 1.2375 I would go long until 1.25 which has proved to be a very strong resistance. SL:1.2220 TP:1.235 (risky, if playing safe use 1.232) RSI is breaking above 50 and should be a safe trade...