Every weekend I perform a careful analysis of the FX market and basic commodities . I analyze the FX market not by FX pairs but by individual currencies.
I examine each currency from different perspectives, different methods (TA, FA, OI, distance from F.V., etc ...). The result of the semi-automatic analysis is the determination of strong and weak currencies for the next week to 14 days.
Potentional STRONG currencies for next week: CAD, GBP
Potentional WEAK currencies: CHF
Subsequently, I analyze the pairs composed of the above currencies whether it appears technically a possible trade and in which area ( GBPCHF Long, CADCHF Long, etc ...)
On Monday, I am waiting for the end of the first hour of the London trading session and I will enter or prepare an order's limit on the best selected FX pairs. Partial of positions is possible open at the Sundays Markets-open
CADCHF I will trade LONG, partial of id position is now open at 0,6930, target 0,6980, stoploss 0.6910.
From commodities I will trade Cotton on the SHORT side
I examine each currency from different perspectives, different methods (TA, FA, OI, distance from F.V., etc ...). The result of the semi-automatic analysis is the determination of strong and weak currencies for the next week to 14 days.
Potentional STRONG currencies for next week: CAD, GBP
Potentional WEAK currencies: CHF
Subsequently, I analyze the pairs composed of the above currencies whether it appears technically a possible trade and in which area ( GBPCHF Long, CADCHF Long, etc ...)
On Monday, I am waiting for the end of the first hour of the London trading session and I will enter or prepare an order's limit on the best selected FX pairs. Partial of positions is possible open at the Sundays Markets-open
CADCHF I will trade LONG, partial of id position is now open at 0,6930, target 0,6980, stoploss 0.6910.
From commodities I will trade Cotton on the SHORT side