It’s now even easier to see exactly what a trade is doing. Click anywhere in either the “Entry Price” or “Trade Signal” column to see the full trade details. We’ll show you the trade status, any profit targets and the stop.
Monday, April 6, 2009
The Forex is in 23 Winning Trades and 1 Losing trade
I have not said much about the Forex lately, so I thought I would give you my take on why we have so many winning trades.
The dollar has made a move up the last few weeks and it shows on our Dollar Market trend calendars. The first sign was on the 23rd of July, when we got our first bright green day. It was then confirmed on the 1st of August with the Long Term Market Trend turning bright green for the first time. The dollar affected all of the currencies and this is why we have this strong group of longs and strong group of shorts. The double greens are all winners and the shorts double reds are all winners with except one losing trade. The next time you see a change in the dollar Market Trend calendar, take a close look at the Pre-Buys and Pre-Sells to get your entry.
Here are the daily and weekly calendars followed by a scan of all of the Forex pairs today
Our algorithm picks over 90% Winners in every Market of open orders.
There has been a lot of prospective customers wondering how we do it. I can tell you it works on all markets. We locate a trend in anything when it starts, and we get you into the trade. Now it comes down to the question that I am often asked. What are you doing that no one else seems to figure out. We are able to tell when the security starts a trend. It is not only on stocks it happens on the etf,s futures and forex. I want all of you to do a scan, a daily aggressive and all all for all of the categories. You will find that they are all about the same. Now if you do the same scan with the only change being very bullish and very bullish, you will see that there is only and increase of probability for profit. Going from over 80% to over 90% winners.
Here they are in the final scans results all over 90% WOW!!!!!!!!!!!
Tell your friends
Stocks
Forex Trading Automated Systems Outlook
DailyFX+ System Trading Signals – Momentum2, Momentum1, and Breakout2 trading strategies started the week well, and we hope that similar price action in the days ahead will create similarly favorable market conditions for these signals. All three of these systems had suffered through recently choppy price action, but early signs of major trends in key currency pairs gives us hope that their performance will improve through the near term. Of course, there is a distinct possibility that we may see market conditions return to previously range-bound price action. Yet the US Dollar Index has broken down, and we would expect it to continue lower through the near term.
It will be important to monitor US Dollar pairs through the near term and manage our trading biases accordingly. For the moment, we favor Momentum1 and Momentum2 trading signals. Yet this could easily change if we see signs of rangebound markets, and we will update our Forex Trading Strategy Outlook accordingly.
DailyFX+ Forex Market Conditions Outlook
NOTE: Data has once again been changed. Due to the ineffectiveness of the 30-day horizon, we are returning to the original 90-day time horizon.
Definitions
Volatility Percentile – The higher the number, the more likely we are to see strong movements in price. This number tells us where current implied volatility levels stand in relation to the past 30 days of trading. We have found that implied volatilities tend to remain very high or very low for extended periods of time. As such, it is helpful to know where the current implied volatility level stands in relation to its medium-term range.
Trend – This indicator measures trend intensity by telling us where price stands in relation to its 30 trading-day range. A very low number tells us that price is currently at or near monthly lows, while a higher number tells us that we are near the highs. A value at or near 50 percent tells us that we are at the middle of the currency pair’s monthly range.
Range High – 90-day closing high.
Range Low – 90-day closing low.
Last – Current market price.
Strategy – Based on the above criteria, we assign the more likely profitable strategy for any given currency pair. A highly volatile currency pair (Volatility Percentile very high) suggests that we should look to use Breakout strategies. More moderate volatility levels and strong Trend values make Momentum trades more attractive, while the lowest Vol Percentile and Trend indicator figures make Range Trading the more attractive strategy.
The information contained herein is derived from sources we believe to be reliable, but of which we have not independently verified. FOREX CAPITAL MARKETS, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon this information. FOREX CAPITAL MARKETS, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FOREX CAPITAL MARKETS, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.
Source:David Rodriguez, Quantitative Analyst strategist@dailyfx.com
Next Article: Dollar Weakness Likely Continues this Week
Previous article: Trend of the Day: NZD/USD
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