Daily Trend and Chart Analysis

Current Trends

AUSSIE weakness - Sell AU, buy GA, EA - downtrend

YEN weakness - Buy UJ, GJ, EJ - yen downtrend

GBP strength - Buy GU, GA, GJ -- GU overall trend sideways and may be topping

EURO strength - Buy EU, EA, EJ -- EU more sideways and may be topping

OIL - Sell oil - downtrend

GOLD/SILVER - Sell gold/silver - downtrend

NIKKEI - Buy Nikkei -uptrend

S&P - Buy S&P - uptrend


For the highest probability trading set ups, I look to trade with the trend. 'Trending Momentum' seems to be the best approach. More on this later.

This is a top quality set up. As good as it gets. This is where the money is made.

Clear uptrend, Clear oversold momentum on H4

Current Trends

AUSSIE weakness - Sell AU, buy GA, EA - AUSSIE downtrend

YEN weakness - Buy UJ, GJ, EJ - YEN downtrend

GBP strength - Buy GU, GA, GJ -- GBP uptrend

EURO strength - Buy EU, EA, EJ -- EURO uptrend

OIL - Sell oil - downtrend

GOLD/SILVER - Sell gold/silver - downtrend

NIKKEI - Buy Nikkei -uptrend

S&P - Buy S&P - uptrend

Chart Analysis



AU trending very strongly to downside. We had price jacked up to previous high on news. Stalled up there for a little while, H1,H4 stochs overbought. Good 45 pip opportunity from PH to CPP. Good trade. Bring on the trends

Chart Analysis

Gold on a Monthly/Weekly/Daily downtrend... so clearly we're not trying to buy gold. Had a very high probability short set up here. Sold off for 300 pips, check it.

Stick to the trends, and you will be rewarded greatly in the long run. Don't fight them, and be as patient as possible for the best set ups.

Chart Analysis

Another beauty here. AUD/USD also MN, W1, D1 downtrend. Price was jacked up pretty decently once again, but it is clearly still in a downtrend, so we know what to do here.

H4/H1 stochastics overbought, Price doesn't get to R2, fails at R1, fails at Previous high of day, and a nice set up for 50 pips potential.

Chart Analysis

Ok, now on this EU trade, I sort of cheated a little bit. Because EU has been strong recently, but it's still sideways, which I normally will avoid. That's where most the losing trades will come. However, it does seem relatively toppy.

But anyways, D1 momentum on EU is way overbought and coming down. Monthly momentum is overbought and coming down. So I figured I'd give it a shot and maybe even go for a bigger move on it.

H1 momentum overbought before London open. Fails to make it to Previous High, pin bar on R1, momentum starts to creep to the downside, and I had a nice, but lucky trade. From R1 to S3 in a few hours. When you're lucky, you're lucky, like 'Greg Wilson' says

Chart Analysis

Again with my preferred trade as of late, short AUD/USD. Another great set up. This one was a total beauty. Good for 100+ pips. The trend isn't just your friend, it's your soul.

No pivots on these charts, but I was using them

Chart Analysis

Golds strong downtrend still continues. Price was jacked up pretty big yesterday. Was looking for a high probability short set up and got it. H4 stochastics overbought. Entry around 1236, fell sharply to around 1217.

May I ask what is your S&R indicator you're using in those charts? Look very simple and clean.

By the way, very nice trades you got there, will follow this journal with attention.

Hello, I get pivots from actionforex.com and add them manually.

Thank you.

Chart Analysis

USD/JPY & GBP/JPY have been trending very strongly to the upside... so it doesn't take rocket science to figure out which way we're looking to trade it. H4 momentum oversold. Decent set up I would say.

On the search for my pocket AA.

Major new trend right now is looking like Dollar strength, which means EUR/GBP/CHF weakness, EURO should be weak across the board.My preference will be to short EUR/USD.

Another interesting thing I'm looking at is that NZD should probably be weak vs AUD. Now that dollar strength is actually coming into the picture, I would suspect AUD to be more supported, so I'm going to look for buying opportunities in AUD/NZD, also will look at selling EUR/AUD and GBP/AUD maybe buying AUD/CHF. I've been a big fan of shorting AUD, but right now I'm thinking it should be stronger than all the other currencies vs the dollar specifically. So I'll test this out.

I still think AUD can go much lower, but going to watch closely.

The main trends right now are
USD strength
JPY weakness
EUR weakness
GBP weakness
CHF weakness
GOLD weakness
AUD weakness
CAD weakness
So that means look for intraday set ups in....

Buying
USD/JPY USD/CAD USD/CHF USD/SGD

AUD/CHF AUD/NZD

Selling
EUR/USD GBP/USD NZD/USD AUD/USD

EUR/CAD EUR/AUD EUR/GBP

GBP/AUD

Selling GOLD

Soon to be selling OIL

Still looking for good Daily/Weekly momentum set ups on crude oil - too choppy right now for intraday plays to the downside. However, I do see us topping out soon. Psychological level of 100 should not be broken for too long. Might head up to 102-105, but sooner or later going to get some very high % sell set ups on crude oil.

Uptrends in stock markets, especially
Buying Japanese Nikkei and US markets.

Current Trends


JPY weakness
GBP strength
S&P strength
Nikkei strength
AUD weakness
CAD weakness
GOLD weakness
EUR strength
CHF strength
OIL strength

Dumb of me to try to call a top/ end of trend in EUR strength. Perhaps it will happen early 2014 but for now it is still strong and no downtrend. Bias always kills traders. Do not need to be the first in a trend to make money. Plenty of $$$ to be made once a trend is clearly underway.

AUD still really weak. Crude Oil is currently strong and in an uptrend but my preference there is to wait for the downtrend to begin and then start taking short set ups.

It's all about the high probability set ups going w/ the trend. Everything else is a waste of time and a gamble.

Do you have an update please?

Interesting...I use the stoch as well in my cycle analysis...it seems we are seeing some of the same things, only difference I think is my supp/resis lines are a bit different with the pitchforks, but really like what you are showing makes sense to me as well, nice work. One of the ways I think about trend using stochastic is pretty simple in the down trend if we pullback to overbought at a lower price from the previous price at overbought that's my sell either waiting for a bearish candle to form first for entry or take it off a tested resistance line...on potential reversals on the down trend that 1hr chart will pullback to inverse head and shoulders other fibs/price patterns, etc. with a higher price from the low at oversold....just potential for reversal at that point the 4hr really is better on the confirmation as the 1hr may just be a correction...good stuff thanks for posting.

Current Trends

JPY weakness
EUR weakness
OIL weakness
CHF weakness
USD strength


Seeing a possible turning point for GOLD and AUD as they may become a bit stronger here. Best to focus on shorting EUR and OIL now from what i'm seeing.

I'm dumb for ever going away from this method. It works, plain and simple. It takes patience and discipline to either wait for trends to develop and to wait for proper set ups to go along with the trend. I believe this method to be the best for short term trading.. can scalp, swing trade, and can trade/invest long term.

When I say "this method" I guess I'm talking about any approach to trading/investing that goes along with the trend.

Personally I like to use momentum in line with the trend. I believe it gives an edge. Will focus more on trading this method on demo and then go back to trading real money.


Current Trends
EUR/USD downtrend
GBP/USD downtrend
NZD/USD downtrend
OIL downtrend
GRAINS (Soy, Wheat, Corn) downtrend
US markets uptrend


Trending Markets that are ranging right now (Still highest probability to take the trades in line with trend IMO)
USD/JPY uptrend
Gold/Silver downtrend
USD/CAD uptrend
Nikkei uptrend


Market I anticipate a trend reversal in near future and am going to look for long term investment in:
USD/RUB short

Should add that I do believe a lot of these USD uptrends will run out of steam in the short term very soon. Same for stock markets moving higher. Still should provide high probability short set ups in due time. Patience, Patience, Patience!

Recent home run trade that I took on Soybeans, for an irrelevant small amount of money (thanks to over leveraging every time in the past, DON'T DO IT!)

But this was all in all, a near perfect set up in every way. I had the 1180 level marked on chart for a while now as a level I'd be interested in selling. Price went up there, which also was the 200 EMA on H4. RSI was above 80 on H4. Stochastics overbought…… and VWALA…. Soy sold off nearly $120 from that level in less than 48 hours. In terms of pips, that's almost 500 pips.

Current Trends in FX

USD strength
EUR weakness
JPY weakness
GBP weakness
CAD weakness
NZD weakness
AUD weakness
NOK weakness
RUB weakness
PLN weakness

Therefore the preferred set ups are to be going long USD vs all other currencies.

Other trends
CRUDE OIL weakness
GOLD/SILVER weakness
GRAINS (Soy, Wheat, Corn) weakness
US stock indices strength
Nikkei strength