7/18 Forex

Ten breakouts among the 124 currency pairs I follow, six with a strong trends.

One of the 124 pairs shows a parabolic sar phase change: EUR/TRY, to the bull side. (See my posting about a strategy I'm trying based on the parabolic sar.)

Strong-Trend Breakouts

sym	phase	adx	bday	blevel	stop	atr	atr%
CAD/PLN		37	jul18	zł3.0015	zł2.9640	0.0375	1.3%
CAD/SEK+		40	jul18	Skr6.8560	Skr6.7738	0.0822	1.2%
CHF/PLN		37	jul18	zł3.5093	zł3.4469	0.0624	1.8%
CHF/SEK+		41	jul18	Skr8.0165	Skr7.8829	0.1336	1.7%
EUR/CAD+		27	jul18	C$1.3466	C$1.3595	0.0129	1.0%
USD/TRY		25	jul18	TL1.6588	TL1.6422	0.0166	1.0%

Major currency pairs, which carry lower margin in the United States, are marked with a plus sign (+) after the symbol. My holdings are marked with an asterisk (*).


Weak-Trend Breakouts

sym	phase	adx	bday	blevel	stop	atr	atr%
AUD/SGD		14	jul18	S$1.2924	S$1.3030	0.0106	0.8%
AUD/THB		12	jul18	฿31.700	฿32.033	0.333	1.1%
CZK/HUF		17	jul18	Ft11.161	Ft11.051	0.110	1.0%
GBP/SEK+		22	jul18	Skr10.588	Skr10.450	0.138	1.3%

Major currency pairs, which carry lower margin in the United States, are marked with a plus sign (+) after the symbol. My holdings are marked with an asterisk (*).



Key

• phase: Green for a bull-phase breakout, red for a bear phase.
• adx: Average direction index location, indicating the strength, or the temperature, of the trend. Orange for 40 or greater, aqua (light blue) for 25 and up but below 40, magenta (light purple) for 20 and up but below 25, and brown for anything below 20. (Mnemonic: Orange for the overhead sun, blue for the surrounding sky, magenta for sunset on the horizon and brown for the earth.)
• bday: Breakout day, the day the price broke through the upper or lower 55-day price line.
• blevel: Breakout level, the price level of the line that was broken through.
• bstop: The stop/loss price calculated on breakout days as the 14-day average true range below the breakout-day low for a bull phase and above thre breakout-day high for a bear phase.
• atr: The 14-day average true range, in the same currency as the price.
• atr%: The average true range as a percentage of the breakout level, an indicator of volatility that is comparable for all potential trades.

About channel analysis

Read a detailed explanation of my channel analysis method, including trading rules.


The trader’s greatest sin is inaction. Sleeper, awake! Seize the Nietzchean moment. Roll out of bed and trade.