Thursday, April 29, 2010

4/29 Watchlist: Forex

Forex currency pairs showing Person's Proprietary Signal bull phase:

Awaiting confirmation:
  • AUD/JPY, 4/29. A pull back to the pps moving average, about ¥86.70 and then a bounce with trigger entry, as will a rise above today's high, ¥87.49

Forex currency pairs showing parabolic sar bear signals:

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A note on method: For stocks, I choose among signals, only watching those that meet a set of criteria aimed at  moving the probabilities more in my favor.

For the 16 forex pairs I follow, I watch all signals, even when the trend is weak and the whipsaws likely.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic
   

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