Thread: Strong Vs Weak Analysis

Hi All,

I have come up with a way to do a strong/weak analysis that I feel is an improvement over the way Richard Krivo teaches, and you do not even have to look at a chart. First I only look at the 7 major yen pairs, by using the JPY as my common denominator, I can determine where all 28 major pairs will rank. On an excel spreadsheet in column A I list the seven Yen pairs, in column B the beginning price from last month, in column C today's current price. In column D I enter a formula to calculate the percentage change between columns B and C. The pair with the largest % gain is my strongest Currency and the pair with the largest % loss is the weakest, If all the pairs have a % loss then I know the Yen is the strongest, if all the pairs have a gain then the Yen would be the weakest, If two have gains and 5 have losses then the yen would rank 3rd. I take this info and rank the currencies 1 through 8. To take into account a shorter term change in strength I do the same process by using the beginning price of the current month, everything else is done the same way. With these rankings I do not even need to look at a chart to know which of the 28 pairs is going to have the strongest trend. Once everything is setup on the Excel sheet you just need to update the current price and you will immediately know what currencies are strong or weak. Entering the current prices only takes a minute and I will update this several times a day. Please let my know what you think of this process and I would welcome feedback on how to improve it.

Hello Dennis S, and thank you for your post!


I appreciate you taking the time to share a little bit about your strategy with us Dennis S!

How has your system been helping with your trading? Have you been seeing positive results? I would love to hear all about it.


Thank you again for your post Dennis S! Please feel free to post with additional questions or contact me directly at julius@fxcm.com

Originally Posted by Dennis S

Hi All,

I have come up with a way to do a strong/weak analysis that I feel is an improvement over the way Richard Krivo teaches, and you do not even have to look at a chart. First I only look at the 7 major yen pairs, by using the JPY as my common denominator, I can determine where all 28 major pairs will rank. On an excel spreadsheet in column A I list the seven Yen pairs, in column B the beginning price from last month, in column C today's current price. In column D I enter a formula to calculate the percentage change between columns B and C. The pair with the largest % gain is my strongest Currency and the pair with the largest % loss is the weakest, If all the pairs have a % loss then I know the Yen is the strongest, if all the pairs have a gain then the Yen would be the weakest, If two have gains and 5 have losses then the yen would rank 3rd. I take this info and rank the currencies 1 through 8. To take into account a shorter term change in strength I do the same process by using the beginning price of the current month, everything else is done the same way. With these rankings I do not even need to look at a chart to know which of the 28 pairs is going to have the strongest trend. Once everything is setup on the Excel sheet you just need to update the current price and you will immediately know what currencies are strong or weak. Entering the current prices only takes a minute and I will update this several times a day. Please let my know what you think of this process and I would welcome feedback on how to improve it.

Hi Everyone, here is my strong week rank order as of July 13th at 1 PM est.
4 Hour Chart, listed strongest to weakest
AUD-NZD-CAD-JPY-GBP-USD-CHF-EUR

1 Hour Chart, Listed strongest to weakest
JPY-CAD-GBP-AUD-USD-NZD-CHF-EUR

I use the one hour to spot pull backs and possible trend changes, as we might be seeing in the Yen. The Yen was the weakest currency in June and so far in July it has been the strongest

Good Trading

Off of 4 Hr chart
AUD-NZD-CAD-GBP-JPY-USD-EUR-CHF

Off the 1 Hr Chart
GBP-AUD-JPY-CAD-NZD-EUR-CHF-USD

I do not see the GBP holding that #1 rank on the one hour chart, nor do I see USD staying in 8th place for long, with that said take a look at GBP/USD could be giving us a good low risk entry on a short back to the bottom of this channel

Strong Weak rank order as of 7/18/2012 6am est

4Hr chart
AUD-CAD-NZD-JPY-GBP-USD-EUR-CHF

1Hr Chart
AUD- GBP-CAD-JPY-USD-NZD-EUR-CHF

Since yesterday, GBP a little weaker and USD a little stronger, this holds good for my short GBP/USD trade,

As off 4 pm today

Rank order off the 4 hour chart
AUD-NZD-CAD-JPY-GBP-USD-CHF-EUR

Rank order off the 1 hour chart
AUD-GBP-NZD-CAD-JPY-CHF-EUR-USD

The pound continues to show short term strength, this invalidates my short GBP/USD trade

Hello Dennis,


I hope you are well. I think may people find your information useful. How about moving your thread to My Trading Journal ??

You will get more people reading and interacting with you as the exposure in the micro account section is very low.

Thanks, I will give it a try. I am still learning my way around the Forum, I some times have trouble finding my own thread

Hello again Dennis S, and thank you for your post!


How can I move a thread to another section of the forum?

I couldn't agree with Alejandro Zambrano more! I enjoy reading your analysis and I'm sure that others do too. If you would like to move your thread to the My Trading Journal section of the forum just let me know and I would be more than happy to do that for you. Please click here for more information about how you can effectively utilize this forum.


I'm having trouble finding the information I'm looking for on the forum. Any suggestions?

I would suggest using a search engine and enter the following before searching what you are interested in:

site:forexforums.dailyfx.com

So for example if I wanted to find something about trailing stops on the forum, I would visit the page of my favorite search engine and enter the following in the search field:

site:forexforums.dailyfx.com trailing stops

The following is a list of a few popular search engines that are utilized by our clients:

• Google

• Yahoo!

• Bing

• Ask.com - What's Your Question?

I hope that information helps!


Thank you again for your post Dennis S! Please feel free to post with additional questions or send me an email directly at julius@fxcm.com

Originally Posted by Dennis S

Thanks, I will give it a try. I am still learning my way around the Forum, I some times have trouble finding my own thread

Hi Julius

I have started a thread under my trading journal, titled My Strong Vs Weak Analyses

Thanks

Hey, why has this thread not been updated for over a month, I feel the strong weak analyses taught by Mr Krivo is very useful, Made a good couple of pips buying into a pullback of the EURAUD a couple of hours ago.

Hi ag20g10
I moved my strong weak analyses to My Trading Journal, link below should get you there

http://forexforums.dailyfx.com/my-tr...ml#post1307168 (My Strong Vs. Weak Analyses)

Please click on link below for my Strong Weak Analyses

http://forexforums.dailyfx.com/my-tr...ml#post1307168 (My Strong Vs. Weak Analyses)