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Tuesday, April 13, 2010

4/13 Watchlist: Forex

No additions to the forex watchlist. I've rarely seen dearth of symbols. It's as though Dearth Vader were stalking for Planet Forex, scaring the native Psars into hiding.

One signal failed, but it's weak trending, so no surprise.

Forex currency pairs showing Parabolic SAR bull signals:

Forex currency pairs showiong parabolic SAR bear signals:
  • AUD/JPY, analysis.
  • CHF/JPY, analysis. Showing a bull phase on Person's Proprietary Signal, with the macd and stochastic moving in bullish directions. I'm declaring this signal a FAILURE with a 0.7% loss from theoretical entry. (The adx is at 19, so whipsaws are to be expected with this pair.)
  • USD/JPY, analysis.


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.


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.

New to Private Trader? Check out the Reader's Guide.

New to private trading? Here's a look at How to Become a Private Trader.

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