One short position with a trailing stop is still open for the last four weeks. See for more information my weekly reviews on my strategy lately. The AUD is having a currency a score of 4 and and the USD is down 1 point from 8 to a score of 7 compared to last weekend. See for more information the Currency score article of this weekend. The pair is consolidating in the Daily chart but still in a downtrend.
Possible positions for this week
Like last week the EUR/NZD and the GBP/JPY look interesting and positions will be opened on pullback. The EUR/NZD looks like it may be starting to have a pullback. The GBP/JPY looks very strong but it has difficulties to go much higher than the latest highs around 184,20. Although it succeeded to make a top today at 184,80.
FxTaTrader Forex weekly ranking
and rating Wk09 / Update Tue. 24-Feb-2015
Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every week the Forex ranking rating list will be prepared in the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set.
There will be 2 updates during the week on
Tuesday and Wednesday. The Daily and 4 Hour chart will then be analyzed
and updated.
This makes that there will be no more than 48 trading hours between
each update. This is a reasonable period when considering that the
smallest time
frame used is the 4 hours, meaning 12 price bars/candlesticks.
_______________________________________________________
The Forex ranking and rating list is meaningful data for my FxTaTrader strategy. Besides this list I also use the Currency Score which is also available once a week on my blog at FxTaTrader.com also together with my weekly analysis on my Strategy.
_______________________________________________________
DISCLAIMER:
The articles are my personal opinion, not recommendations, FX trading
is risky and not suitable for everyone.The content is for educational
purposes only and is aimed solely for the use by ‘experienced’ traders
in the FOREX market as the contents are intended to be understood by
professional users who are fully aware of the inherent risks in forex
trading. The content is for 'Forex Trading Journal' purpose only.
Nothing should be construed as recommendation to purchase any financial
instruments. The choice and risk is always yours. Thank you.
