4/20 Watchlist: Forex

A new bear signal, EUR/GBP, added to the list.

The EUR/CAD bull signal declines with a bear phase shift from Person's Proprietary Signal, and is booted off the island.

It's the last of forex bull signals. A sad occasion. Like when the dodo went extinct.


Forex currency pairs showing parabolic sar bull signals:

• EUR/CAD, analysis. Showing a pps bear signal with a sharp price decline. I'm exiting, and the bear signal was a FAILURE with a loss of 1.5%

Forex currency pairs showing parabolic sar bear signals:

• AUD/JPY, analysis.  
• AUD/NZD, analysis.
• AUD/USD, analysis.
• CHF/JPY, analysis.
• EUR/GBP, analysis. New today.
• EUR/JPY, analysis.
• GBP/JPY, analysis.
• USD/JPY, analysis.

Every last one of the bear signal positions moved up today, with the exception of the new kid: euro-cable. None, however, showed a new bull signal, and the move generally was at or below the high of two days ago. So I'm keeping them open so I can see what happens.

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Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points

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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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