nanningbob » Sat May 24, 2014 9:50 am wrote:OK CSS reads for this next week.
CAD still on top showing some resilience. Will be interesting to see if it stays there another week. I am still playing CAD strong gbp/cad, eur/cad, and cad/jpy and that lead to some nice pips on those three.
EUR even thought the euro was on the bottom most of that came on its drop against the USD. The rest were kind of so so to nothing.
CAD did show strength all week and if you waited you could find some trades on every CAD. I did very well all week with the gbp/cad and eur/cad. cad/jpy the move was short and at the beginning. So did well there.
GBP moved back to the middle where it likes to hide. I promoted a gbp/usd sell early in the week and it went nowhere and then up. Ended up closing it with a 2nd trade for a small profit on the second trade which wiped out my original trade. Just got in too early for that USD strength move. I made some nice profit on the gbp/jpy move which actually was the opposite of the CSS read but you wont catch me buying the JPY.
gbp/usd ended up happening this week and caught the drop. I was pleased with the result even though the previous week it was a bad entrance.
Emperor K is getting tons of pressure to not let the JPY appreciate much more, so when he steps in I expect to see some nice moves there. The news story earlier in the week probably was the start so ........... can they overcome the fact of China economy slowing down which makes people buy the YEN for safety. I find this curious that the nation with the most debt ratio to GDP (240%) is considered a safety currency. Some things still do not compute with me but USA is at 107% and doom and gloom are all over the internet. I dont believe their crap at this time. Yes we need to make some structural changes but doom and gloom are not here. Yes those who are predicting an economic collapse this summer are full of HUUUEEEY. (My dad used to say that and have no idea where it came from. Today it means SH>>>>>>>>)
jpy continued to hang in their tough most of the week until the BOJ announced it was upping its stake in the bond program starting June 2. However their sales wont be announced in advance so they will just happen. Be on the lookout for fakeouts and then jpy sells. I made some good pips Friday looking for the JPY to weaken after the news story. Anyway jpy crossed down from the usd and crosses above and below 20 line usually do very well. Will sell jpy against usd and cad. The others I will look for better signals.
NZD.AUD these two are buddies and its good to see them moving together again. They have switched places with the NZD going first and the AUD following so when I see the NZD start moving up again, I will look to buy the AUD. As I have said before the aud, nzd usually move in opposite directions with the JPY. So I will look for JPY to weaken along with aud nzd strength when it happens. Right now its not there yet but we will look for it. RIght now JPY bond sales are flat with the BOJ being the only buyer. So the bank sells money to increase the money supply, to increase inflation, to kick start the economy again, but it is the only buyer of the bonds. ?????????????????? HMMMMMMMMMMMMMMMMM Japnan population is aging and they want to cash in their bonds not buy more sooooooooooooooooo anyone want to buy a JPY bond?????
I didnt do much with either the aud or nzd. Missed the nzd drop but dont think that will last long. I will be looking for aud and nzd to strengthen as the month of June goes buy but for now nzd is diving. so nzd/usd sell early and watch for a reversal at some point.
USD go go go go go finally all those predictions of USD strengthening, is it finally happening??????????? I wouldnt bet the house on it but I will look for re-tracements this week and buy into USD strength. I cant remember the USD being on top this year but it could have been for a short time.
USD was not go go go but kinda flat all week. It moved up strength wise but not volatile wise. Just some minor winners there.
SO still looking at CAD and USD buys, you can try JPY if you want but Idont buy JPY.
EURO sells, how far will this one go down??
aud, nzd sells until NZD crosses over the AUD and then I plan on investing heavily on nzd and aud buys. Going for that positive swap. Then I will sell the JPY with them.
Attached is the new CSS without CHF V.3.5 I will be testing. I already like because it works on weekends, so what ever bug was in it, it is now fixed. It should also give warning alerts for crossing pairs and crossing the 20./-20. Good luck.
Mike