Forex currency pairs showing parabolic sar bull signals:
- GBP/CHF, 4/21. A sharp price drop. Exiting the signal as a WASH for a 0.3% gain.
- USD/CHF, 4/22, 4/23. Added twice; the original signal disappeared and has now reappeared. Today, a pullback from a new high. Exiting the signal as a SUCCESS for a 0.8% gain.
- AUD/NZD, 4/19. Pulled back down from yesterday's rise but still unprofitable.
- AUD/USD, 4/19. Took back all of yesterday's decline.
- CHF/JPY, 4/19. Took back half of yesterday's decline.
- EUR/CAD, 4/21. Took back all of yesterday's decline.
- EUR/GBP, 4/20, 4/21. Took back all of yesterday's decline.
- EUR/JPY, 4/19. Took back half of yesterday's decline.
- EUR/USD, 4/22. Paused at the lower end of yesterday's decline. Exiting the signal as a SUCCESS for a 0.8% gain. Why exit now? Greek debt, major crisis, fear in the streets, yes? I don't think so. I think yesterday's hammering of the euro was a huge overreaction. The only way the rich part of the EU fails to bail out Greece is if they decide to end the euro-zone entirely, and return to French francs and German deutschmarks. Not going to happen. So I'm taking profits while the profits are there.
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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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