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  • #61
  • Mar 17, 2014 12:20pm Mar 17, 2014 12:20pm
Currency Strength/Weakness profiling for WEEK 12(Mon 17th March - to - Fri 21st March 2014).
STRENGTH PROFILE
1. -NZD
2. -AUD
3. -EUR
4. -CHF
5. -CAD
6. -JPY
7. -USD
8. -GBP

(1 = strongest; 8 = weakest).
  • #62
  • Mar 17, 2014 12:55pm Mar 17, 2014 12:55pm
TRADING PLAN FOR WEEK 12(MON 17 MARCH TO FRI 21 MARCH 2014)

Strength profile indicates GBP is really cheap to buy right now(except against NZD of course!), and most of its pairings are at good liquidity levels. Coupled with a series of high impact GBP news expected on Wed 19th, means we could expect some remarkable trend trading volatility. Nice.

Also NZD is really, really trending strongly and doesnt look like weakening anytime soon. Will look to buy this currency on retracements to minor liquidity levels.

USD remains very weak. High impact FOMC data to be released on Wed 19th, means Ill probably be selling USD on minor retracements to liquidity levels.

Some limit orders already triggered in line with the above setups.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcadm15.png Size: 45 KB
Click to Enlarge Name: gbpjpym15.png Size: 37 KB
Click to Enlarge Name: gbpusdm15.png Size: 41 KB
Click to Enlarge Name: nzdjpym15.png Size: 40 KB
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Click to Enlarge Name: audcadm15.png Size: 43 KB
  • #63
  • Mar 23, 2014 9:03pm Mar 23, 2014 9:03pm
Currency Strength/Weakness profiling for WEEK 13(Mon 24th March - to - Fri 28th March 2014).
STRENGTH PROFILE
1. -AUD
2. -NZD
3. -EUR
4. -USD
5. -CHF
6. -JPY
7. -CAD
8. -GBP

(1 = strongest; 8 = weakest).
  • #64
  • Mar 23, 2014 9:12pm Mar 23, 2014 9:12pm
TRADING PLAN FOR WEEK 13(MON 24 MARCH TO FRI 28 MARCH 2014)

GBP still remaining surprisingly weak (cheap???).
No point trying to pick tops and bottoms again though. Just need to wait for accumulation(and stop hunting) to phase out.
The plan this week is to trade AUD, NZD AND EUR(STRENGTH) against GBP, CAD and JPY(WEAKNESS).
ENTRIES and trade direction to be determined from further individual pairs price action and technical analysis.
  • #65
  • Jun 9, 2014 2:51pm Jun 9, 2014 2:51pm
Trying to keep it simple from now on...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 09th moneurusdm5.png Size: 38 KB
  • #66
  • Jun 10, 2014 9:29am Jun 10, 2014 9:29am
Same setup again today. Seems to happen quite a lot on backtests. Simple but effective.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10th eurjpym5.png Size: 40 KB
Click to Enlarge Name: 10th eurusdm5.png Size: 36 KB
Click to Enlarge Name: 10th gbpjpym5.png Size: 43 KB
Click to Enlarge Name: 10th gbpusdm5.png Size: 41 KB
  • #67
  • Jun 11, 2014 5:02am Jun 11, 2014 5:02am
Todays Setups. EURUSD still cooking...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11th eurgbpm5.png Size: 36 KB
Click to Enlarge Name: 11th eurjpym5.png Size: 40 KB
Click to Enlarge Name: 11th eurusdm5.png Size: 38 KB
Click to Enlarge Name: 11th gbpjpym5.png Size: 37 KB
Click to Enlarge Name: 11th gbpusdm5.png Size: 40 KB
  • #68
  • Jun 12, 2014 4:24pm Jun 12, 2014 4:24pm
todays setups...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12th eurgbpm5.png Size: 45 KB
Click to Enlarge Name: 12th eurjpym5.png Size: 53 KB
Click to Enlarge Name: 12th eurusdm5.png Size: 43 KB
Click to Enlarge Name: 12th gbpjpym5.png Size: 55 KB
Click to Enlarge Name: 12th gbpusdm5.png Size: 43 KB
  • #69
  • Dec 6, 2014 3:44pm Dec 6, 2014 3:44pm
Quoting LITEchild
For now GBPJPY topping the list of highest probability pairs to trade this year based on my strength analysis and profiling. {image}
11 months later...Target 1 reached...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYMonthly.png Size: 38 KB
  • #70
  • Dec 6, 2014 4:01pm Dec 6, 2014 4:01pm
Quoting LITEchild
GBPAUD next on the list... {image}
Better late than never...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDMonthly.png Size: 38 KB
  • #71
  • Dec 6, 2014 4:07pm Dec 6, 2014 4:07pm
Quoting LITEchild
Followed by AUDCHF... {image}
Also late, but back on course...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFMonthly.png Size: 45 KB
  • #72
  • Dec 6, 2014 4:09pm Dec 6, 2014 4:09pm
Quoting LITEchild
..and lastly but most interesting of all...CHFJPY... {image}
...to the moon alice...
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYMonthly.png Size: 41 KB
  • #73
  • Jul 21, 2015 10:02am Jul 21, 2015 10:02am
hello LITEchild, i want to know how you measure the weakness/strenght of currencys? With some currency strenght indicator? I have found this interest method of calculation doing in an excel spreadsheet (
Inserted Video
), something simillar to your method? thx for the response, cheers
  • #74
  • Aug 23, 2015 1:13am Aug 23, 2015 1:13am
Hey Lite. Was checking on you and realized you started a journal way back. Great stuff
  • #75
  • Aug 24, 2015 4:26am Aug 24, 2015 4:26am
Quoting ephisi
Hey Lite. Was checking on you and realized you started a journal way back. Great stuff
Ill start updating the journal again soon. I see you have gone live. Good luck bro. Awesome trading and analysis as always.
  • #76
  • Aug 24, 2015 9:17am Aug 24, 2015 9:17am
Quoting LITEchild
{quote} Ill start updating the journal again soon. I see you have gone live. Good luck bro. Awesome trading and analysis as always.
Thanks Buddy. May the Lite be with you
  • #77
  • Nov 29, 2015 12:37pm Nov 29, 2015 12:37pm
Inserted Video
  • #78
  • Feb 7, 2016 12:30pm Feb 7, 2016 12:30pm
Currency Strength/Weakness profiling for WEEK 6(Mon 8th February - to - Fri 12th February 2016).
RELATIVELY STRONG
NZD
AUD
EUR
CAD
JPY
GBP

RELATIVELY WEAK
JPY
USD

CONTEXT: AUD and CAD are currently in retracement and/or profit-taking mode, so cheap to buy at support with small stops. JPY is also currently in retracement mode, so cheap to sell at resistance with small stops.

HIGHEST PROBABILITY TRADES FOR THE WEAK:
AUDJPY: I will be Looking for entries on M30 TF around 82.045 zone(strong support).If bearish momentum persists, stay out till 81.469(strong support)
CADJPY: Looking for entries now between 84.065 and 83.87 zone(strong support). If bearish momentum persists, stay out till 82.174(strong support)
  • #79
  • Feb 7, 2016 2:54pm Feb 7, 2016 2:54pm
Quoting LITEchild
Currency Strength/Weakness profiling for WEEK 6(Mon 8th February - to - Fri 12th February 2016). RELATIVELY STRONG NZD AUD EUR CAD JPY GBP RELATIVELY WEAK JPY USD CONTEXT: AUD and CAD are currently in retracement and/or profit-taking mode, so cheap to buy at support with small stops. JPY is also currently in retracement mode, so cheap to sell at resistance with small stops. HIGHEST PROBABILITY TRADES FOR THE WEAK: AUDJPY: I will be Looking for entries on M30 TF around 82.045 zone(strong support).If bearish momentum persists, stay out till 81.469(strong...
AUDJPY road map...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.png Size: 34 KB
  • #80
  • Feb 7, 2016 2:55pm Feb 7, 2016 2:55pm
Quoting LITEchild
Currency Strength/Weakness profiling for WEEK 6(Mon 8th February - to - Fri 12th February 2016). RELATIVELY STRONG NZD AUD EUR CAD JPY GBP RELATIVELY WEAK JPY USD CONTEXT: AUD and CAD are currently in retracement and/or profit-taking mode, so cheap to buy at support with small stops. JPY is also currently in retracement mode, so cheap to sell at resistance with small stops. HIGHEST PROBABILITY TRADES FOR THE WEAK: AUDJPY: I will be Looking for entries on M30 TF around 82.045 zone(strong support).If bearish momentum persists, stay out till 81.469(strong...
CADJPY road map...
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.png Size: 42 KB
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