9/7 Forex

There are five price-channel breakouts among the 124 currency pairs I follow, one with a strong trend.

I found these parabolic sar phase changes, all to the bear side: NZD/SEK and PLN/HUF

Strong-Trend Breakouts

sym	phase	adx	bday	blevel	stop	atr	atr%
EUR/DKK+		32	sep7	Dkr7.4452	Dkr7.4474	0.0022	0.03%

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%
DKK/SEK+		15	sep7	Skr1.2027	Skr1.2146	0.0119	1.0%
EUR/SEK+		15	sep7	Skr8.9612	Skr9.0490	0.0878	1.0%
GBP/THB		19	sep6	฿47.82	฿48.24	0.42	0.9%
USD/NOK+		12	sep7	Nkr5.3295	Nkr5.4097	0.0802	1.5%

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.