1200+ Pips in a Week – NZD/USD – Trade 1 of 6

1200+ Pips in a Week – NZD/USD – Trade 1 of 6 2018-02-23T12:39:58+00:00

5 Days : 6 Trades : 1200 Pips

Such is the power of my Daily Forex Strength / Weakness Analysis

 

Based on nothing more than a simple daily bar “Sell at market open and hold to market close” strategy, here you can see how this NZD / USD Short trade unfolded, making + 110 pips in the process.

This is 1 of 6 trades taken that week as a result of my Daily Forex Strength / Weakness Analysis.

Forex Trading without this analysis is like driving a car, blindfolded !

We start the week at 8pm GMT on Sunday 12th November 2017 when I issued the following Forex Strength / Weakness Analysis:

Sunday 12th Nov 2017 – Week 46 – Market Open Forex Strength / Weakness Analysis

20.00 GMT – Bigger Picture

S1: USD W1: NZD
S2: GBP W2: CHF
S3: JPY W3: AUD

How to Use this analysis:

Example: Here USD is the strongest (S1) and NZD is the Weakest (W1), so open the USD/NZD chart on the daily timeframe, see if price action agrees.

You don’t have to stick to the No1 (S1 Vs W1) crosses either: There are 9 potential currency crosses available per table, so maybe pair the 2nd strongest (S2) with the 3rd weakest (W3) and see what the respective chart has to offer.

My analysis ABOVE clearly shows that as of 8pm GMT on Sunday 12th November 2017:

  • USD is the strongest currency in the market
  • NZD is the weakest currency in the market

Let’s pull up the NZD/USD chart and see what it has to offer.

Start of week 46 – chart and written trade rational:

Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.ukClick to enlarge

Rational: NZD / USD Short (Weak 1 Vs Strong 1)

For 2 weeks now my client research notes have cited NZD/USD short with a note last week around some profit taking. Sure enough, it bounced off  0.6850 support and retraced up to the 38% Fib line (almost to the pip !) as is typical in profit taking retracements.

We have some fairly robust data due out from the US this week, so we wait to see if the bears have what it takes to see off prior support and head lower.

I maintain there to be substantial downside potential for this instrument and will trade it inline with the outcome of my Daily Forex Strength / Weakness Analysis.

End of week 46 – chart and trade outcome:

Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.ukClick to enlarge

Outcome: NZD / USD Short

I shorted at Sundays market open @ 0.6925, closing out on Friday at 21.55 hrs. GMT @ 0.6815.

A straight up +110 pips profit from the weeks open to close.

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Sill not convinced ? Need more proof ?

Of the 9 potential Forex crosses my analysis immediately alerted me to 3 trade setups resulting in + 688 pips profit.

A further 3 trade setups triggered during the week, giving me another + 526 pips profit.

That’s over 1200 pips profit in 1 week !

Here’s all 6 trades taken that week: Click the images below to see the charts, trade setups and outcomes.

Trade 1: NZD / USD Trade 2: GBP / AUD Trade 3: EUR / AUD
Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.uk Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.uk Forex Strength and Weakness Technical Analysis | Forex Signals | Charles Clifton Forex Trader : Coach : Signal Service | www.CharlesClifton.co.uk

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Week 46 Trade 4 Week 46 Trade 5 Week 46 Trade 6

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