First of all, a happy new year for everyone and a good trading year in 2015. Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week which is then followed by my Review on the Hybrid Grid strategy.
When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented:
USD(5x) and the NZD(4x). The EUR(3x) is clearly the weaker currency followed by the JPY(2x) and the AUD(2x).
A nice combination for the coming week may be e.g:
These are just a few examples and there are many other combinations possible. The mentioned pair combinations can be traded at the same time according to the rules of the FxTaTrader Hybrid Grid 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 lower risk.
FxTaTrader Forex weekly ranking and rating week 1: Sunday, January 4, 2015:
Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every week the forex ranking rating list will be prepared in the weekend. All the relevant time frames will be analyzed and the ATR and Pip value will be set.
There will be 2 updates during the week on Tuesday and Wednesday. The daily and 4-hour chart will then be analyzed and updated.
This means that there will be no more than 48 trading hours between each update. This is a reasonable period when considering that the smallest time frame used is the 4 hours, meaning 12 price bars/candlesticks.
DISCLAIMER: 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.