When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: NZD(5X) followed by the CHF(2X). The EUR(4x) is clearly the weaker currency in the list followed by the GBP(3x).
A nice combination for coming week may be e.g:
- EUR/NZD with the GBP/CHF
- EUR/CHF with the GBP/NZD
These are just a few examples and many other combinations are possible.
The mentioned pair combinations can be traded at the
same time
according to the rules of the FxTaTrader strategy because
these are all different currencies. By not trading the same currency in
the same direction more than once you may have better chances with
lower risk.
Last week (pending) orders were placed for the EUR/NZD.
More details on the (possible) traded pairs
will be provided in my strategy article that will also be published
this weekend. The possible positions for coming week for the strategy
will then also be described.
_______________________________________________________
FxTaTrader Forex weekly ranking and rating list Week 13 / Sunday 22-Mar-2015
Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every week the Forex ranking rating list will be prepared in the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set.
There will be 2 updates during the week on
Tuesday and Wednesday. The Daily and 4 Hour chart will then be analyzed
and updated.
This makes that there will be no more than 48 trading hours between
each update. This is a reasonable period when considering that the
smallest time
frame used is the 4 hours, meaning 12 price bars/candlesticks.
_______________________________________________________
_______________________________________________________
DISCLAIMER: The articles are my personal opinion, not recommendations, FX trading is risky and not suitable for everyone.The content is for educational purposes only and is aimed solely for the use by ‘experienced’ traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in forex trading. The content is for 'Forex Trading Journal' purpose only. Nothing should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.
