1200+ Pips in a Week – NZD/CHF - Trade 6 of 6

SILVER SIGNALS strength / weakness – Trade 6 of 62018-06-23T16:02:06+00:00

5 Days : 6 Trades : 1200 Pips

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

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

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/CHF trade unfolded, returning + 137 pips profit in the process.

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

Seriously – Forex Trading without this analysis is like driving your 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 NZD is the weakest (W1) and CHF is the 2nd Weakest (W2), so open the NZD/CHF 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 week 46 Sunday analysis above clearly shows that as of 8pm GMT on Sunday 12th November 2017:

  • NZD is the weakest (W3) currency in the market
  • CHF is the 2nd weakest (W2) currency in the market

Wow there… “You can’t trade W1 against W2 !” …”Can you ?”

This is where I go a little “Off Piste” as it were. Whilst there a 9 immediate currency cross pairs to look at generated by each of my analytical outputs (Click here to see how these are compiled) there are many secondary combinations to look at too should you choose to.

I selected this pair to look as I was already short the NZD in several other trades, and being the kind of trader who wants to extract as many pips of profit as I can from each Strength / Weakness opportunity, and given that NZD was showing as W1 right across the board, I decided to go looking through all the NZD crosses, just for fun…

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

NZD/CHF Short – Trade rational and chart

Another midweek signal generated by my Daily FX Strength / Weakness Analysis on Tuesday 14th November 2017.

Here we see an obvious falling trend line anchored back in the 28th of July. From there we have a formation point dated 29th September. We then see another 2 “tests” of the trend line followed by a big selloff.

Now, whilst I would not necessarily recommend shorting one weak currency against another weak currency I simply couldn’t resist this one as it offered some predetermined downside potential to the 0.6720 resistance line.

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

Trade Outcome: NZD/CHF Short

The market opened @ 0.6892 and closed 156 pips lower @ 0.6736

I entered short on Tuesday morning, exiting  just minutes before Friday’s 10pm GMT market close.

I don’t personally like trading the CHF (being an ex-Alpari UK client…) so in and out, take the money at 0.6720 just before the close and run.

Outcome: A cheeky + 137 pips profit !

So, ready to trade with, not against the market ?

Subscribe NOW and I’ll start emailing your tables twice a day

AND you get to see my FX WATCH LIST and my OPEN POSITIONS – Every day !!!

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

So, ready to trade with, not against the market ?

Subscribe NOW and I’ll start emailing your tables twice a day

AND you get to see my FX WATCH LIST and my OPEN POSITIONS – Every day !!!

“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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