Moving through our analysis on the main pairs slowly and simply. The lows on the USD holding on the ema zone is continuing to consolidate with uncertainty. There is no sharp increase or decreases of volatility so far so the future direction is unknown. This is represented across the main pairs by their mixed signals and lack of structure. We need to continue to watch and wait patiently for price to tell us what it wants to do.
Good Trading.
Today we move away from the creative and theoretical and into concrete and simple. The aim is to explain the system in such simple terms a 10 year old child could understand it and execute the strategy. I think for large portions of the strategy so far we've reached such simplicity. There are aspects of the s-wave that still contains some irreducible complexity. I believe that the essence of the s-wave can be understood and simplified further since its quite a simple idea. Its only in explaining it that it appears confusing. This probably hints at some incomplete understanding on my half. We will have to wait and see. Either way this is where we are currently.
Good Trading.
US Dollar needs to bounce and produce a set of lows on the index, which will provide relevant information for most dollar crosses this week. I am most interested in the usd/jpy followed by the usd/chf pairs to take shorts. Of course this is before having seen the bounce. If we don't find support there are no positions open to us.
As said in the analysis I would look and I will be looking at many crosses this week for opportunities as the dollar seems to have some longer term agenda that might take a week or so to fully develop.
Good Trading.