looking at the Top 10 in the Monthly Ranking and Rating list we can
see that for the coming month the following stronger currencies are
represented for going long: CHF(4X) followed by the GBP(3X) and the
USD(3X). The AUD(4X) is
the weaker currency followed by the NZD(3X) and the JPY(2X).
A nice combination for the coming month(s) may be e.g.:
- GBP/AUD with the EUR/USD
- AUD/CHF with the GBP/JPY
- CHF/JPY with the AUD/USD
These are just a few examples and many other combinations are possible.
The mentioned pair combinations can be traded at the
according to the rules of the FxTaTrader strategy because
these are all different currencies. By not trading the same currency in
the same direction more than once you may have better chances with
FxTaTrader Forex monthly ranking
and rating June / Sunday 31-May-2015
based on TA charts for all the major currency pairs. Good luck to all.
No advice, just info. Every month the Forex
ranking rating list will be prepared. All the
relevant Time Frames will be analyzed and the ATR and Pip value will be
There will be no more than 21 trading days between
each update in case of a period with maximum 3 weeks in between. This
is a reasonable period when considering that the
frame used is the daily, meaning 21 price bars/candlesticks.
The monthly articles will be published during weekdays only. When the
1st of the month is on Monday, Tuseday or Wednesday the
weekend before will be used for creating the models.
weekend after will be used. Reason for creating the information in the
weekend is because the Weekly close is more important than the daily
The Monthly Ranking and Rating list is still in the evaluation phase.
The review on the strategy
will not be published for the time being because of further testing of
the system and lack of time. You can follow the Weekly strategy to stay
informed on the progress and development of the strategy.
If you would like to use this article then mention the source
providing the URL FxTaTrader.com
or the direct link to this article. Good luck in the coming month and
don't forget to check my weekly Forex "Strategy Review" and the
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.