1200+ Pips in a Week – GBP/AUD – Trade 2 of 6

1200+ Pips in a Week – GBP/AUD – Trade 2 of 6 2018-02-23T12:39:47+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 GBP/AUD Long 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 GBP is the 2nd strongest (S2) and AUD is the 3rd Weakest (W3), so open the GBP/AUD 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:

  • GBP is the 2nd strongest currency in the market
  • AUD is the 3rd weakest currency in the market.

Let’s pull up the GBP/AUD 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.uk

Rational: GBP/AUD Long (Strong 2 Vs Weak 3 )

I bring this chart to the table as we have an interesting intersection of 2 meaningful trend lines here and, as usual, a strong price reaction upon breakout.

This is the power of our Strength / Weakness analysis; it brings about an awareness of specific chart action that otherwise may remain hidden in amongst the noise of the market.

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.uk

Outcome: GBP/AUD Long

The market opened @ 1.7213 and closed 262 pips higher @ 1.7475.

By following my Strength / Weakness Analysis I was able to take a very healthy + 217 pips of profit from this pair through holding my position in line with my analysis throughout the week.

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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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“Need to know more about this analysis ? I’m here to help, so feel free to drop me a line via my contact page HERE

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