Watchlist for the week. Just the one for the list this week as things change.

Watchlist for this week. Some strange changes. JPY getting weaker against most majors again but the markets are correcting against it.

Watchlist for the week ahead.

Away for the week last week so no watchlist but positions were still in place from the week before.

Performance as follows. 918 pips gain for the two weeks. 3:1 and 5:1 targets hit on NZDJPY longs.

Some nice moves this week. 412 pips average per entry on the watchlist.

GBPJPY was a stand out with 192 pips average win.

Watchlist for the week ahead.

Results for last week's watchlist. Bit of a mixed week but still positive.

audjpy -> -60 and -20 pips

cadjpy -> +15 pips and + 15 pips

chfjpy -> +26 and +46 pips

eurcad -> +4 and +87 pips

eurgbp -> +4 and +15 pips

gpbjpy -> +4 pips and +4 pips

gbpusd -> +61 pips and +6 pips

nzdjpy -> -94 and -43 pips

nzdusd -> -62 pips and -44 pips

usdcad -> +41 pips and +16 pips

usdchf -> +38 and +38 pips

Total = +93 pips

Watchlist for week ahead completed.

Lots of opportunity starting to come into play.

Full watchlist for the week ahead.

Part way through selections for this week. Starting with the following and have the LFX checks to undertake. The follower where shortlisted on Sunday night with further refinement to run through. Might end up with none again at the end of the refinement.

Nothing new to report on the watchlist front. USDRUB stopped out. Very slow on the opportunities front at the moment.

Another dull week on the Watchlist front!! Nothing weak enough to put against the number of strongs and quite a few at neutral.

USDRUB back to break even after the big shift in USD to the downside in the last week.

Expecting a move from risk on to risk off in the next one to two weeks with a fall in the S&P of more than 1% based on sentiment indicators. Might see some opportunity opening up over the coming week on FX for next week's watchlist.

Nothing showing up for the Watchlist this week apart from USDRUB staying on.

EURAUD, EURCAD and EURUSD shorts from previous weeks all closed out with good profits.

Last week's USDRUB long position remains open and is performing well. Sitting at 1.5 RR and 2 RR in profit at the moment.

Performance for open positions for last week and opportunities for new entries on USDRUB were as follows. 222 pips gain for the week.

EURAUD flat for the week

EURCAD continued to fall with an overall nominal 36 pip gain for the week on open short positions.

EURUSD continued to fall with an overall nominal 26 pip gain for the week on open short positions though it was down over 70 pips at the low of the week.

USDRUB long played out nicely!!! Two entries for the week.

20% risk position at the weekly open - up 40 pips for the week.

80% risk position on a retracement entry making 92 pips gain for the week.

Late to the table this week for the Watchlist update. Nothing too much happening - once again no real strongs to play against real weaks on the majors and minors. Only the Exotics standing out again.

So not much showing up in the watchlist this week. No strongs against weaks this weekend apart from exotics. Just riding out open trades until they get stopped out in profit.

So an interesting week. The S&P rose by more than 1% as expected. A risk on week but a strange one. EURAUD bucking the trend of the sentiment position for the start of the before turning in the direction of the fundamentals. The fundamentals held up and the watchlist from last weekend performed well again for the rest of the watchlist for the week.

Risk Management, trading the strongest against the weakest both fundamentally and technically along with a high R:R target is continuing to prove a powerful mix.

Closed: -1%, +0.99%, +1.0%, +1.7% = 2.69%

Open: +0.9%, +0.21%, +0.21% = 1.32%

Total for the week = circa 4% with open positions

Net of 237 pips profit for the week and some positions still open.

Short EURAUD - 0.33% loss on Week Open entry and 0.66 loss on Retracement Entry. Both stopped out before the pair turned around.

Short EURCAD -42 pips or 0.33% loss on Week Open entry and 0.99%% gain on Retracement Entry - 3 to 1 target hit for T1. Second part of the trade still open with a target at 5 to 1 RR. Sitting at 0.99% profit open.

Short EURUSD +75 pips for 0.33% Week Open positions - sitting at around 1.3:1 RR with targets at 3:1 and 5:1 ahead. Retracement Entry trades were nice - entry at the weekly high for 105 pips profit for 0.66% with a 3:1 RR target and second part of retracement trade hit the target of 175 pips with a 5:1 RR.

Watchlist updated for the week ahead.

No changes from last week. Same pairs on the list for this week.

So a very interesting week were lots of retail traders with trend following systems will have blown their accounts on the basis of some of the chat room noise I have seen. Lots of volatility and no sense of direction in the markets as I suspected it would be in my notes for the watchlist for the week. Nevertheless, the fundamentals and COT data with sentiment analysis still held true. Positions adding to profits from previous week for the same selections. 440 pips over two weeks for EURAUD, EURCAD and EURUSD shorts which were on the watchlist for both weeks.

AUDJPY was taken off the watchlist and position from previous week would have been closed - it had a falling week.

CADJPY was taken off the watchlist and position from previous week would have been closed - it had a falling week.

USDJPY was taken off the watchlist and position from previous week would have been closed - it had a falling week. EURAUD Short - 2 entries - 23 pips at 1/3 risk and 81 pips at 2/3% risk

EURCAD Short - 2 entries - 10 pips at 1/3 risk and -4 pips at 2/3 risk

EURUSD Short - 2 entries 40 pips at 1/3 risk and 32 pips at 2/3 risk

Selections for the week have kicked off nicely already in the forecast direction. 30 pips profit so far - EURAUD

92 pips profit so far - EURCAD

42 pips profit - EURUSD

Weekly watchlist update for the 14th of March 2021. Some key changes this week and some expected volatility and possible risk sentiment change to risk off in the next one to 3 weeks.

Cross check of the watchlist from last weekend. AUDJPY - long in watchlist - performance was a 125 pip rise for the week. CADJPY - long in watchlist - performance was a 180 pip rise for the week.

EURAUD - short in watchlist - performance was an 82 drop for the week.

EURCAD - short in watchlist - performance was a 150 pipe drop for the week. EURUSD - short in watchlist - performance was a 32 pip rise for the week.

USDJPY - long in watchlist - performance was a 65 pip rise for the week. So the only pair to buck the watchlist selection direction was EURUSD which went marginally up but was selected as a short. Net result would have been a 570 pip gain for the week based on weekly open to weekly close prices.

Watchlist for the coming week completed.

I have not managed to place any trades this week due to work load but just run a cross check against the watchlist from last week. USDJPY which was the clear standout last weekend and given the push up in the dollar from the bond market sell off the week before along with fundamentals still weighing the JPY down. Trades would have been as follows. CADJPY - holding from earlier weeks; approaching 5:1 target AUDJPY - holding from earlier weeks; sitting at about 3:1 RR CHFJPY - No entry USDJPY - Entry at Sunday open only as below, no retracement entries occurred

Not a bad month for the system testing and trial on Demo. Risk on sentiment throughout though so an easy month. LogikFX tools worked a treat.

Watchlist updated for the week. Interesting week ahead. Risk sentiment playing out in opposition of the economic fundamentals. Deeper retracement potentials and better entry possibilities but SL placements will be critical.

Markets continuing to give nicely and fundamental analysis holding up strongly. Profit targets being bowled over today.....

6 TPs hit today for £2800 profit and 2 SLs hit for £66 loss.

On remaining open positions EURAUD hitting the bottom of the ocean and AUDJPY leaving the stratosphere! CADJPY absolutely caning it and approaching 2nd 5:1 RRR TP.

Approaching 5:1 RRR target TP2 for EURAUD!! Added to the Watchlist above on the 14th of Feb (held over from entry on the 11th of Feb) using LogikFX assessment and a few additions from my own filtering. 3:1 RRR TP1 hit a while back. Thanks LogikFX!!

Watchlist update completed. No new selections for the week ahead. Some finer open position management for the week ahead.

Results from this week still going strong. The fundamentals are holding up still. Closed trades for the week. 5.4% for the week based on original £35k demo balance. As stated above, exposure to JPY is high and I wouldn't trade at 1% per position in a real account. Stops or targets hit.

And open trades remain nicely positive. Another 6.6% gain on open positions.

Watchlist assessment to complete over the weekend for the week ahead.

Just something to watch out for and it's kind of personal to me is that the ideas above have heavy exposure to JPY. i.e. will be great if idea works as most likely all will go in the direction you want, but if the hypothesis is wrong it can dent gains too as they'll all come back.

My personal preference is trying to diversify across different currency pairs where possible and max exposure of 2 positions per currency quote or base e.g. i may be long USD/JPY and CAD/JPY but that's the max longs I'll take against the JPY quote currency as if it comes back I don't want it hurting my account too much. Then Other positions I'll look to take positions where not correlated to JPY e.g. EUR/CHF long!

Just me blabbering lol...

Nice volatility today. Mean reversion entry hit beautifully on CADJPY for larger value at risk orders. Retrace down to M30 Imbalance for a pop back up into profit. Stop hunt taking out equal lower lows and previous lower low. Hit liquidity pool on hopefully on the way back up with the direction of the fundamentals now.

And a number of targets hit today as well locking in profits at 3:1 R:R. Remaining trades still open with targets at 5:1 R:R.

Remaining positions running in profit nicely still too.

Watchlist updated for the week ahead commencing 15th February 2021. Weekly Watchslist 14th Feb 20201

Selections meeting criteria for the week:

AUDJPY Long - holding from previous week - no new entries

CADJPY Long - new - look for entries this week

CHFJPY Long - new - look for entries this week

EURAUD Short - holding from previous week- no new entries

Selections from previous week - trades open still

GBPJPY Long - holding from previous week

NZDJPY Long - holding from previous week

Love the contrarian outlook, I've got a slight bias from my own experience too that when retail sentiment is agreeing with my idea then I tend to be wary lol... don't really like having the same outlook as everyone else considering the stats of those losing!

Fascinating approach Micheal. I love the creativity of trying to include retail trader sentiment as a contrarian indicator here. The only issue I personally find is that retail clients have such insignificant buying power compared to the other participants, it's hard to justify considering them at all. A quick look at the COT Report at the non-reportable participants really personifies the lack of influence on any currency exchange rate.

It would be interesting to see this strategy without the consideration of retail sentiment, and if it yields better or worse results over a longer sample size (ideally 12 months).

Irrespective of my opinion, it's great to see you sharing your ideas with the community. Keep us updated with the progress of this approach, I look forward to seeing it develop.