Brian Twomey
Brian's Investment
By April 2019, a total of 572 articles were published on Fxstreet. A full 3 years later, 572 must be in the vicinity 0f 800 and 1000 articles. To post 1 article per week for 10 years equates to 480.
The vast majority were trades and trade related / in depth information such as Correlations, interest rates, money supplies, moving averages. Trades always accompanied analysis to understand the trades.
Target trading was a standard since 2012 and continues to this day. Target trades were short and long term. Many long term trades for 6 and 8 week durations hit targets perfectly for 5, 7 and 1000 pips and all published prior to the trade.
Profit pips from published trades must be in the 100,000 vicinity easily. For 5 months of 2019, weekly trades profited 24,000 pips alone.
Trades and targets weren't contained to G28 and EM currencies but targets achieved for long term trades on Yields, interest rates, WTI, SPX and Gold. Trades still factor by pen, paper and calculator. The difference today is calculations are easier due to upgrades from days past. I liked trading USD/CLP and Copper and achieved targets for both. The same may be accomplished with USD/MXN and Silver as Banxico changed the relationship to MXN and Tiie interest rates to slow MXN price speeds in accordance with Silver.
Forecasted correctly in years past were NFP's, GDP and many economic announcements. No difference today as banks and forecasters still can't be trusted. Last GDP forecast for example predicted correctly and beat the Atlanta Fed Nowcast. Jackson Hole 2017, the 2 year yield traded at 1.32 and today 3.38 or 2.06 point difference in 5 years. The walk down memory journey was quite astounding as the best of research, features and trades were brought to FxStreet readers. All freely given and found at btwomey.com.
The Week
EUR/NZD target last week at 1.6258 traded to 1.6253 on Friday. Then short target at 1.6184 traded to 1.6213.
NZD/JPY target at 84.25 traded to 84.24 Friday.
Trade Raking EUR/USD, USD/JPY, AUD/USD, EUR/CAD, AUD/JPY, EUR/AUD, NZD/USD, USD/CAD, AUD/CHF, NZD/CHF, CAD/CHF, CAD/JPY, EUR/JPY, NZD/JPY, EUR/NZD.
Not much difference from last week as EUR/JPY relegates back to last due to its position. Currency markets are defined as EUR/USD Vs USD/JPY. Best trade for CHF are NZD/CHF, GBP/CHF and EUR/CHF. Oversold EUR/USD is contained from 0.9999 to 0.9853. Above 0.9999 targets easily 1.0072.
USD/JPY and JPY cross pair strategy remains short to target USD/JPY 136.26 to start.
EUR/USD cross pairs are outperforming GBP cross pairs week to week and this week will see the same performance. EUR/NZD for example will outperform GBP/NZD as occurred last week.
GBP Trade Rankings
GBP/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/NZD, GBP/JPY . GBP/JPY for the 2nd week sits n last position while GBP/USD, GBP/CHF, GBP/CAD and GBP/AUD trade oversold. Not looking for much performance to GBP/NZD this week.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
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Editors’ Picks
AUD/USD remains vulnerable near multi-month low after Aussie data
AUD/USD reacts little to better-than-expected Australian Goods Trade Balance data and hangs near a multi-month low touched on Wednesday amid rising bets for an early RBA rate cut. Furthermore, China's economic woes, US-China trade war fears and geopolitical risk undermine the risk-sensitive Aussie.
USD/JPY retreats further from the weekly top, slides below mid-150.00s
USD/JPY struggles to build on the previous day's strong move up to the weekly top and trades with a mild negative bias during the Asian session on Thursday. Bets for a December BoJ rate hike and the overnight sharp fall in the US bond yields lend some support to the lower-yielding JPY.
Gold price lacks firm near-term direction and is stuck in a familiar range
Gold price extends its sideways consolidative price move in a familiar range, awaiting a fresh catalyst before the next leg of a directional move. Geopolitical tensions, trade war fears and the overnight decline in the US bond yields offer support to the safe-haven XAU/USD.
Ripple's XRP could see a price rebound despite retail activity decline, RLUSD launch delay
XRP traded near $2.4 on Wednesday as Ripple Labs clarified that its RLUSD stablecoin will not debut on exchanges despite a rumored launch among crypto community members. Amid a sharp decline in XRP's price, on-chain data shows the remittance-based token still has the potential to resume its rally.
Four out of G10
In most cases, the G10 central bank stories for December are starting to converge on a single outcome. Here is the state of play: Fed: My interpretation of Waller’s speech this week is that his prior probability for a December cut was around 75% before the data.
Best Forex Brokers with Low Spreads
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