Brian Twomey
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Author: twbrian
FX Weekly Trade Results Feb 22 -April 19
FX Results, Past 8 Weeks
Available Pips accounts for all possible market scenarios to include Brexit, Wars, Elections, North Korea Missiles, Central bank shenanigans and any surprises. Yet available pips contains easy ability to trade in any given week. The concept to Available is trade to targets then reverse direction when warranted in any week to essentially trade continuous per currency pair for an entire week. Never to miss profits.
Actual are Profit Pips.
Results accounts for 12 -14 Currency Pairs per week. Records exist for past 40 weeks, since last July.
Total available Pips 8 weeks 22, 389 Vs Actual 13, 961 The 8 week Actual Weekly Pip average 1745.12 Vs Available total Average 2798.62
My Weekly and Long term calculations are perfect to achieve perfect targets and to include Day Trades. Statistics are unbeatable. No stops, no charts, no focus on latest market pablum and no screen watching. Entry Sunday, set target then out. No sweat.
2263 available V Actual 1033
3804 available pips, Actual 1127
3195 available pips, Actual 1700’s
2942 available pips, Actual 1962
2311 available pips, Actual 1979
2094 available pips, Actual 1800’s
2404 available pips, Actual 2592
3376 available pip Actual 1768
Interested in Trades, then contact brian@btwomey.com. Please Money Managers and offers of $100,000’s and 100,000 s to trade, I’m not interested.
Brian Twomey
FX Trade Results Apr 15 -19
Interested in trades, fell free to contact Brian Twomey
AUD and RBA
AUD and RBA
Just 2 days after the RBA delivers possible OCR Interest rate lower news, AUDUSD rises 64 pips from 0.7140 to 0.7202. All AUD pairs rose in tandem.
Explained by the rise is not rate cut news but short RBA interest rates dropped against an AUD rise. Such negative news especially an interest rate drop would normally see a dive in exchange rates but not as it applies to AUD.
Former RBA head Big Glenn Stevens and now highly capable Debelle operate under the assumption as stated in the recent RBA Minutes and many past Minutes, a lower OCR would assist in a lower AUD as has always been the RBA lower AUD preference.
The problem derives from AUD opposite correlations to RBA interest rates. Most nearest RBA maturities trade at 1.68 and experienced a severe drop since March persistent highs at 1.80.
Lower RBA interest rates also assisted in lower Australia commodities as evident form the RBA’s index of Commodity Prices. Big Glenn Stevens never understood and again from past Minutes why Commodity prices dropped yet AUD never followed but instead rose.
AUD exchange rates remain the outlier to interest rates and Commodities. Lower AUD comes when RBA raises interest rates but AUD Commodities rise as well. The big 3 to Australia’s economic health remains a persistent and multi year problem.
At some point higher AUD will ht economic news and possibly assist in a much lower AUD but to what satisfaction to please the RBA is unknown. Possibly a rare RBA Intervention is warranted to rightsize AUD’s Mis Correlations because as was highlighted in recent posts, AUD mis Correlations won’t rightsize itself and remains a multi mis price.
AUD High / Low Vital Break Points.
AUD/USD 0.7145 and overbought.
AUD/EUR 0.6309.
AUD/JPY 79.56 and overbought.
AUDCHF 0.7135 and overbought.
AUDCAD 0.9504 and overbought.
AUDNZD 1.0556 and slight overbought.
Brian Twomey
FX Results Past 7 weeks
this available 2263 Pips
Brain Twomey
FX Weekly Apr 13 -19
Brian Twomey
FX Weekly Trade Results Apr 8 -12
April 8 – 12.
Total 3804 available pips, 12 currency pairs, 26 trades. As mentioned 3804 is extremely high however all market scenarios from elections, to brexit, to wars to North Korea missiles is fully factored. Total available pips is actually the result to where prices are located at week’s beginning. The 26 trades are fairly standard and accounts for longs and shorts in each currency pair. 2 way trades however are taken only when appropriate as we don’t nor does a need exist to gamble. We trade sure shots.
Weekly trades are paying roughly 2000 pips per week. In the last 8 or so weeks, the range was 1800 ish to 2300. The total record dates to last July 2018 and began with 35 trades, all different currency pairs for 4000 ish pips.
This week at 1127 was the lowest weekly pip count since at least in about 8 weeks. Overall as in past years, Models are perfect and derives from hard work and updates over the years.
The 12 currency pairs below are chosen and standard as best movers among the 28 G10 choices. Consideration to drop EUR/CAD in favor of NZD/CAD.
Entries and targets below, note the number of trades failed to trigger due to dull price movements.
GBPUSD 1.2911, 1.2942, Target 1.3025, not triggered. 1.3063, Target 1.3215, Actual 1.3063 -1.3122, +59 pips. 1.3215 target 1,.3094, not triggered.
GBPCHF 1.2812, 1.2837, Target 1.2990, not triggered. 1.3016, target 1.3220, actual 1.3016 -1.3146, +130 Pips. 1.3220, target 1.3068, not triggered.
GBPAUD 1.8113, 1.8135, Target 1.8313, Not triggered. 1.8335, target 1.8599, not triggered. 1.8599, target 1.8379, not triggered. 1.8335, target 1.8135, actual 1.8335 – 1.8247, +94.
GBPJPY 143.33, 143.78, target 144.68, not triggered. 145.15, target 146.94, actual 145.15 – 146.35 +120 pips. 146.94, Target 145.84, Not triggered.
USDCAD 1.3120, 1.3151, Target 1.3273, not triggered. 1.3425, 1.3454, Target 1.3310. Actual 1.3394 -1.3309, +85.
CADJPY 82.28, 82.49, Target 83.42. Not triggered. 83.52, Target 84.74, Actual 83.52 to 83.94, +42.
EURUSD 1.1166, 1.1204, target 1.1302, Actual 1.1211 -1.1314, +103 Pips.1.1319, Target 1.1432, not triggered.
GBPCAD 1.7246, Target 1.7335, Not triggered. 1.7644, 1.7599, target 1.7423. Actual 1.7519 -1.7426, +93.
GBPNZD 1.9436, 1.9404, Target 1.9261. Actual 1.9445- 1.9376, +69. 1.9244, Target 1.9180, Not triggered.
EURNZD 1.6767, Target 1.6698, Actual 1.6786 – 1.6714, +72 Pips 1.6675, Target 1.6574, Not triggered.
EURAUD 1.5714, 1.5742, Target 1.5856, Actual 1.5714 -1.5853, +139. 1.5942, Target 1.5899, Not triggered. 1.5885, Target 1.5828, Not triggered.
EURCAD 1.4949, 1.4971, Target 1.5035. Actual 1.4971 -1.5102. On weekly Instruction +64 pips. 1.5121, 1.5143, Target 1.5069. Actual and 1.5101 – 1.5044 Ongoing, +57
Brian Twomey
My trusted friend, http://tantalumwatches.com exquisite top brand name Watches, #watches, Pocket Watches, Rings, luxurious, please have a look, Brian Twomey
FX ASIA Significant MA’s
High / Low Break Points
USD/CNY 6.7542 Neutral
USD/HKD 7.8459 Neutral
USD/IDR 14274.5586 Oversold
USD/INR 69.95 Oversold
INR/EUR 0.0126 Overbought
USD/JPY 111.09 Overbought
USD/KRW 1130.7158 Overbought
USD/MYR 4.0950 Overbought
USD/PHP 52.55 Oversold
USD/THB 31.8859 Overbought
CNY/JPY 16.4524 Overbought
THB/JPY 3.4850 Neutral
USD/SGD 1.3571 Neutral
INR/CAD 0.0190 Overbought
MYR/CAD 0.3249 Neutral
Brian Twomey
Brian Twomey 572 Articles FXstreet
Here’s 572 published FxStreet articles on trades, and many, many FX topics. Dated 2016 to present
AUD, NZD, EUR, USD FX and Interest Rates
Brian Twomey
Daily FX Trade Methodology
My trusted friend, http://tantalumwatches.com exquisite top brand name Watches, #watches, Pocket Watches, Rings, luxurious, please have a look, Brian Twomey
Brian Twomey
EUR/NZD Weekly Trade Example
Most Entries are exact and very specific and hold true week after week over many months but what if an entry is wrong.
Brian Twomey
WEEKLY and LONG TERM TRADES
Weekly and Long term trades were offered to interested subscribers since last July 2018. Long term trades are defined as 3, 5, 8 and 1000 pips trades and targets. Targets hit absolutely perfect, even at 1 and 2 month trade duration. See last March / April on Fxstreet, 35 trades, never the same pairs hit for 4000 pips. Since, I offered many many long term trades on twitter and Linked In to show long term targets and to prove it can be done. The qualification to FX street trades was 150 pips or better or the trade wasn’t worth the time and effort.
Market conditions must be correct to offer 4 and 1000 pip trades. Except for AUD pairs, not many exist currently.
The model is not only perfect for long term trades but no stops needed, charts, graphs, Fibs. Whatever was previously written on currency trading, charts, graphs, market talk blah blah is all wrong. We have all been exposed to the greatest lies, fallacies, scams, losing trades that has ever been foisted on the trading public. I can prove my claims without a shadow of a doubt. The famous, the Currency Analysts,, leading traders and experts are proven dangerous, losers and should refrain from their losing actions. Jail for grand larceny, conspiracy, theft and destroyed lives is to kind for these crooks.
The chart, candle and fibs are the greatest limitations to traders because it limits their views and profit ability. All quantified and validated.
The model and trades to above claims also works perfectly to stock indices, commodities and any financial instrument on the planet. Again, proven by trades but also certified by my friend Peter Wadkins, a 47 year FX veteran, ACI licensed.
As long term trades weren’t available, I took the long term model to devise weekly trades. Weekly trades based on Sunday instructions earn roughly 2000 pips per week on 10 and 12 currency pairs. Certain weeks bit more than 2000, other weeks slightly less. But 2000 is a great average.
I’m currently gong back to all the weeks since July and finding 2000 weekly is really a good average.
And again, stops, charts, latest market blather is pablum and proven because the weekly trades are perfect. Entry and target is all that’s needed and voila, free money trades are here. And it is just that simple.
Daily interest rate trades are becoming less popular but they are equally perfect. And again certified by Peter Wadkins who also truly understands like me all nation’s interest rates and application to exchange rates and prices.
Multitudes, long term friends and followers surely know exactly what I have done. Putting this model together I assure readers took time and deep effort. We must understand before we can trade. Obviously, multitudes that don’t know me all must think I’m a loon but that’s okay too. They will fall into the hands of the losers and will be soon bounced from the market to earn a living by other means.
Brian Twomey
March Weekly Trade Results
FX Weekly Trade Results Weekly and Long term Models were built against excruciating detail and time and produces effortlessly 2000 ish weekly pips on 10 and 12 currency pairs. Results and reporting is honest and factual, certified by my friend Peter Wadkins. I’m trying to give wealth for interested for a pittance in return.
Daily interest rate trades represents extra pips.
Brian Twomey
DXY V CORN
Brian Twomey
GBP and JPY Interest Rates and Yield Curves
UK Yields
Brian Twomey
Mueller Report
Mueller Report
The Trump Russia propaganda by Robert Mueller is considered an “Investigation”.
Investigations especially criminal derives from the Department of Justice under CFR 600 Regulations and considered private to protect witnesses, sources and methods, national security and Ethics.
CFR Regulations derives from the Ethics in Government Act. First is ACT / Law then Regulations drawn to define Laws.
The misnomer term is Special Counsel as Mueller isn’t a special counsel but a DOJ appointed Attorney to investigate Trump / Russia claims. If Mueller was actually a Special Counsel then 600.8 Regs mandates Mueller to write frequent reports to Congress.
Since Mueller isn’t a Special Counsel then no obligation exists for Mueller or the DOJ to release the final report to the public especially if national security or ethical standards exist. Attorney General Barr released a 4 page summary and cleared Trump. Barr is not obligated by CFR Regs to write 1 word nor is Barr obligated to write another word.
Because its a 2 year issue and involves a President, Barr had to write to clear Trump. The Democrats just voted and passed under the House Judiciary Committee to Subpoena the full Mueller Report and goes against the mandate of Ethics laws and CFR Regs. PR at work
Brian Twomey
Recent Linked IN Posts
Brian Twomey
My trusted friend, http://tantalumwatches.com exquisite top brand name Watches, #watches, Pocket Watches, Rings, luxurious, please have a look, Brian Twomey
The economy may be off the boil but don’t expect a US recession
Peter Wadkins
The Fed’s plan to cease trimming the balance sheet if the economy evolves “about as expected” and more cautious “dot plots” that hint the central bank may not hike again in 2019 has got bond traders chomping at the bit. Fixed income traders prior to this morning were projecting a cut in the Fed Funds rate in September, with another 25% chance of a second cut before year end.
Inversion of the US government bond yield curve out to the 5-year note has sparked talk of a recession and the FX market took that as a sign to dump the Dollar, at least for a while. Since then EUR/USD has plunged on the back of weak German data that was followed by soft EZ Mfg PMI (in contraction, 47.5) as well as lower than forecast CPI (1.4% y-on-y).
Cynics will point to this week’s soft US durable goods orders print but it’s a volatile series and the core data was flat, within 0.1% of market forecasts. (Non-defence capital orders ex-aircraft at -0.1% and durable goods ex- transportation +0.1%). The NY ISM was strong (66.9 vs 61.1 last) and as it was March data, gave a fresher view of the economy than February’s durable goods.
US Markit Mfg PMI was decent (52.4) and the US ISM Mfg PMI improved upon February’s 54.5 reading at 55.3. Furthermore, ISM’s prices paid index leapt from 50.1 to 54.3. Hardly signs of an impending recession, particularly with US construction spending +1.0% in February vs +0.2% forecast. Finally, today’s nonfarm payrolls data came in at 196k, 20k higher than forecast although wages ebbed to 3.2% y-on-y vs 3.4% market forecast. All in all the economy still looks healthy and there is a distinct lack of evidence (other than the yield curve inversion) to indicate a recession is in the offing.
The St Louis Fed’s GDP Now indicator was revised down on Monday to 1.7% for Q1 2019, off from Q4’s 2.2%, however Q1 is frequently one of the two weakest quarters of the year for economic growth. Over the past 20 years Q1 has been one of the two weakest quarters 60% of the time and the weakest quarter more frequently than any other quarter irrespective of the existing economic cycle (40% over the past 20 years).
The Fed’s Randal Quarles stated a week ago “My estimate of the neutral policy rate is north of where we are now” citing strong labor market conditions and improving productivity. Quarles is the vice chair for supervision and is no lightweight, so his view of the US economy is probably representative of the Fed’s leadership.
It’s a bit of a puzzle as to how negative the market has gotten on growth prospects and it mainly seems to be related to the Trump Administration’s heavy handed approach to international trade at the same time that growth in the European Union and China is ebbing. So we decided to do some research on how much impact slowing exports would have on the US economy
According to the World Bank, between 2012-2016 US exports contributed somewhere between 12-13.65% to US GDP and if you go further back that percentage drops. Out of all of the major economies and countries with the largest populations, only Japan comes close to the US economy’s low dependence on overseas demand. Japan’s goods and services exports were last estimated by the World Bank to contribute 16% to GDP.
The EZ comes in north of 44%, with Germany at 41% and France almost 31%. If world growth fizzles it’ll have the least impact on the US. China’s dependence on exports has ebbed to just below 20% but given the size of its population vs the US, in monetary terms they have a much higher reliance on exports than the US and have more to lose in a trade war.
Ironically, if trade negotiations remain at an impasse it’ll be American consumers that’ll suffer more than anyone as the price of imported goods raises domestic prices, yet another reason for the Fed not to lower rates. So if world growth dips, does that necessarily mean the US economy has to enter a recession? Less than 7.5% of US jobs are related to exports of goods and services of which less than 4.2% are in Asia and Europe (according to the International Trade Administration that tracks these things).
On the assumption a slide in international trade knocked exports down 10% (which would be a huge drop), assuming a one-for-one drop in goods and services jobs lost, the US economy would lose roughly 0.75% of the overall work force. However members of NAFTA and other FTA countries would be somewhat insulated and services exports tend to be less sensitive than goods to downturns in international trade volumes. As many of the US exports to the Caribbean, South and Central America are somewhat inelastic (as are exports to the Middle East) the probability is the net effect of a 10% drop in US exports on US domestic employment would likely be 0.5% or less.
The conclusion one draws from the above is that unless there is an exogenous shock to the US economy that seriously impacts financial markets and consequently the availability of credit to businesses and consumers that constrains future spending, the likelihood of a recession is a lot less than the market believes.
In reality the negative yield curve has more to do with a world awash with liquidity desperately seeking yield, particularly with 10-year Bund yields straddling “0%” again.
There are however two real threats to US economic growth, firstly the contentious relationship between the Administration and the Democratic Party leadership which threatens the 2020 budget negotiations and the extension of the US Treasury’s debt ceiling. The wild card here it seems will be how far does the schism damage US growth prospects in the event of either another government shutdown or the ability of the federal government to fund itself?
The other risk is President Trump’s threat to shut down the border with Mexico which he seems to have back pedaled from as it would be extremely disruptive to the US auto industry and auto parts supplies. Private economists estimate such action would lop some 0.4% off GDP, however that would still not throw the economy into recession.
Providing the above negotiations do not boil over and damage economic prospects, continued low US yields will sustain demand for real estate and underpin US equity values. which should support private spending patterns and and GDP. Fed staffers are projecting US GDP at 2.1% this year and 1.9% in 2020. Private forecasters are a little more optimistic and are looking around 2.5% for 2019. The Fed is unlikely to cut rates in such an environment and as the ECB continues to add to its balance sheet, albeit at a slower pace, whilst the Fed is in the process of slashing another $220-255bn off its balance sheet, divergent monetary policy should continue to cap EUR/USD advances.
DXY V Corn: Levels, Ranges, Targets
DXY price at 97.21 is not only at uppermost range highs but it warrants a deep correction. Problem with correction is DXY is well supported at 95.92, 95.54, 95.39 then 94.34 and 94.13. Only a break at 94.13 would see a deeper move lower to 91.97 and 90.39.
Best DXY correction is located at 96.89 and 96.79 and lower is required to challenge 95.92, 95.54 and 95.39. Overall, DXY ranges is located from 95.92 to 98.00’s but don’t push your luck at 98.00’s.
The best shorts on a sell only strategy is 98.62, 98.78 and 98.81 to target 96.89 and 96.79. Short only strategy because DXY’s current price is to high and its impossible to trade long. This short only condition in currency pairs and DXY in particular may last for many many months and DXY is no different from the 28 major pairs.
Overall, DXY isn’t worth the trouble to even consider a worthy trade as far more better pairs exist to consider. GBP for example is currently running on all cylinders and all GBP pairs are great considerations.
DXY Vs Corn Correlations from monthly averages 1 to 5Y as follows: 0.29, 0.02, 0.05, 0.02 and 23%. From 5 to 10 year averages barely achieves 50% correlations. While DXY’s price is to high, Corn’s 356.62 price is to low but Corn faces many hurdles to travel higher from 361.32, 364.45, 369.36 and up to 392.79.
Above 392.79 is required to challenge 439.18 and 467.41.
Ther perfect long point is located at 338.66, 341.88 and 344.09 to target 350.07 and 354.02. Overall, Corn contains its widest ranges from 320.00’s to 600.00’s and the overall strategy is buy drops as 320.00’s is only 36 points from range bottoms.
Brian Twomey
