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The following are the currency strength analysis for the Asian markets
Strongest Currency: EUR, USD, JPY
Weakest Currency: AUD
Therefore
BUY: EURAUD
SELL: AUDUSD
SELL: AUDJPY
NOW!!!!! NOW!!!!! NOW!!!!! NOW!!!!! NOW!!!!!
Happy Trading
The following are the currency strength analysis for the current markets
Strongest Currency: NZD, CHF
Weakest Currency: AUD, CAD
Therefore
SELL: AUDNZD
NOW!!!!! NOW!!!!! NOW!!!!! NOW!!!!! NOW!!!!!
Happy Trading
The CLOPMA system normally would avoid trading weekends including Fridays as much as possible. But for the purposes of continuity, I am posting the directional calls for your use in case you may want to dabble into Friday trading.
Happy Trading
The following are the currency strength analysis for the current markets
Strongest Currency: USD, JPY
Weakest Currency: AUD, NZD, EUR
Therefore
SELL: AUDUSD
SELL: AUDJPY
SELL: NZDUSD
SELL: EURUSD
SELL: EURJPY
SELL: AUDJPY
NOW!!!!! NOW!!!!! NOW!!!!! NOW!!!!! NOW!!!!!
Happy Trading
I have received a couple of emails requesting that I explain how a trader can use the directional signal calls of the CLOPMA system I have been posting here effectively.
First, you must note that the system is a trend following system which seeks to trade only in the direction of the underlying trend. The CLOPMA signal calls emphasize the underlying trend direction. Upward pointing arrows along with BUY calls suggests you should only be buying. On the other hand downward pointing arrows along with SELL calls suggests that you should be selling the referenced pair.
Second, the best time to enter a trade on a BUY CLOPMA signal is when a bullish bar appears on the 4 hour chart. Alternatively a sell order should only be placed when a bearish candle is forming on the 4 hour chart on a SELL CLOPMA signal. A HOLD CLOPMA signal suggests you hold off trading the pair untill the signal is well defined in the follow up call.
With this second rule in mind, the stoploss for a buy entry would be the low of the previous 4 hour candle and the stoploss for a sell entry would be set at the high of the previous 4 hour candle. As a rule of thumb, your takeprofit would be set at 2 to 3 times the stoploss distance.
Thirdly, the levels shown on the CLOPMA charts help determine the strength of the underlying trend. If the arrows point upward above the zero level, this would suggest a stronger uptrend. On the other hand if the arrows point downward below the zero level, it signals a stronger downtrend.
Lastly, use good risk management and lot sizing to govern all your trades.
Happy trading.
I will be posting the CLOPMA directional calls soon. Meanwhile, the following is a synthesized summary of the pairs as projected from the CLOPMA analysis starting May 15, 2011.
EURUSD: Still in SELL mode
EURGBP: Still in SELL mode
USDJPY: Still in BUY mode
USDCHF: Still in BUY mode
USDCAD: Still in BUY mode
GBPJPY: Still in SELL mode
GBPCHF: Still in BUY mode
EURAUD: Still in SELL or HOLD mode
EURGBP: Still in SELL mode
EURCHF: Still in SELL or HOLD mode
EURJPY: Still in SELL mode
EURCAD: Still in SELL mode
NZDUSD: Still in SELL mode
AUDNZD: Still in SELL mode
AUDUSD: Still in SELL mode
AUDJPY: Still in SELL mode
AUDCAD: Still in SELL mode
CADJPY: Still in SELL mode
CHFJPY: Still in SELL mode
XAUUSD: Still in SELL mode
XAGUSD: Still in SELL mode
Wow !!! 17 sell modes versus 4 buy modes. Looks like next week is going to be a bumper harvest for the USD and a blood bath for the other currencies.
Have questions? Don't hesitate to email me at jbkengen at gmail dot com
Trade Wisely, TRADE THE TREND. There is always a Tr END until it B ENDs![]()
Last edited by kengen; 05-14-2011 at 15:04.
very good mu dear
Let's take a quick glance at the market outlook going forward from May 17 2011
EURUSD: Still in SELL mode
EURGBP: Still in SELL mode
USDJPY: Now in SELL mode
USDCHF: NOW in SELL mode
USDCAD: Still in BUY mode
GBPJPY: Still in SELL mode
GBPCHF: Now in SELL mode
EURAUD: NOW in BUY mode
EURGBP: Still in SELL mode
EURCHF: Still in SELL mode
EURJPY: Still in SELL mode
EURCAD: Now in BUY mode
NZDUSD: Still in SELL mode
AUDNZD: Still in SELL mode
AUDUSD: Still in SELL mode
AUDJPY: Still in SELL mode
AUDCAD: Now in BUY mode
CADJPY: Still in SELL mode
CHFJPY: Still in SELL or HOLD mode
XAUUSD: Still in SELL or HOLD mode
XAGUSD: Still in SELL or HOLD mode
Have questions? Don't hesitate to email me at jbkengen at gmail dot com
Trade Wisely, TRADE THE TREND. There is always a Tr END until it B ENDs