4/12 Watchlist: Forex

The Forex Watchlist: It's euro day, with three new additions. Also, a success and two washes. (A wash is a gain or loss of 0.5% or less.)

Forex currency pairs showing Parabolic SAR bull signals:

• AUD/CAD, analysis. Huge decline. I'm declaring the signal a WASH with a 0.5% decline below theoretical entry. (This pair has an adx of 15 and so is prone to whipsaws.)
• AUD/USD, analysis. Huge declne. The signal is a SUCCESS for a 1.1% gain over theoretical entry. (Low adx, at 11, so whipsaw-prone.)
• EUR/CAD, analysis. New today.
• EUR/GBP, analysis. New today.
• EUR/USD, analysis. New today.
• NZD/USD, analysis. Sharp decline. The signal is a WASH for a 0.5% loss. (Low adx of 11.)

Forex parabolic SAR bear signal:

• AUD/JPY, analysis.
• CHF/JPY, analysis. Gapped up and then pulled back.
• USD/JPY, analysis.

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Buy--DON'T Hold: Investing with ETFs Using Relative Strength to Increase Returns with Less Risk
Financial consultant Leslie Masonson describes a strategy for actively trading exchange-traded funds.

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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.

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