Sorry Cristian, based on my one-hour chart, CHFJPY has been stuck between 109.12 and 110.41 for about three weeks now, so other than day trading the pair using a scalping strategy, I wouldn't be interested in trading this asset at all.
I agreed with you Brad about EURUSD, and it already paid off. I was also hoping to make a little bit from EURAUD as well, but it has yet to drop. Like you, I'm a bit cautious about USDJPY, so I need a bit more reason to buy the pair before I make that move.
I've been considering the Aussie-US Dollar as bullish ever since October 10th, but if the pair does not climb back above 0.6884, I'm going to view it as having now begun a bearish leg which was initiated on November 5th. From Jarratt Davis Forex
I have to disagree with Cristian on this one. All my signals are telling me to continue viewing EURJPY as very much bullish. At this point, I'd need to see the pair climb at least 20 to 70 pips before I could even begin to think of entertaining the possibility of going long.
Thursday / November 14, 2019 Using the terrible results I got last time to shape changes I hope will improve the approach I am taking to stock selection, I will be checking back to see how many of these babies recover, if any. COLD 35.62 DG 159.04 O 77.17 SUM 22.36 LPSN 35.99 EDU 121.91 SCHH 46.40 INXN 81.52 MAA 135.77 QTS 51.20 FR 41.87 LPG 12.47 FCN 106.06 This forecast has been very nice to me. The pair is now down about 100 pips to 0.6780, most of which I was able to get in on.
Friday / November 15, 2019 YEAH BABY? When I was trading equities back between 2008 to 2010, I searched for a stock selection strategy that would enable me to pick stocks one day and then sell them the next day at a profit with near perfection so that I could avoid FINRA's pattern day trading rule...but I never found it (I was a break even trader, which means my account slowly dwindled as I used it to pay for my day-to-day living expenses.) However, the strategy I used to pick the above stocks, which is based on what I've learned in the last year trading Forex using Numerical Price Prediction, returned 13 equities with an 85% success rate and absolutely no big losers. So now, all I want to see is two things... How long with these stocks keep climbing? Is this a one off deal, or will this outcome keep repeating itself?
Cristian could be right, of course, but AUDJPY still looks very bearish to me, so I'm going to be watching for a signal to short this pair, which I believe could trigger anywhere below the 74.69 level. REPLY
I'm totally with Cristian on this one. However, it still looks to me like I'm going to make money from shorting AUDJPY yesterday, despite Mr. Moreno's looking for it to go long.