Friday, April 9, 2010

4/9 Watchlist: Forex

One wash on the forex watch today. Two additions.

Forex currency pairs showing Parabolic SAR bull signals:

  • AUD/CAD, analysis. New today.
  • AUD/USD, analysis. Third day in a pause pattern. 
  • NZD/USD, analysis. New today.
  • USD/CHF, analysis. Pulled back today with a weakening macd and stochastic. I'm closing the watch and declaring the bull signal to be a WASH for a 0.2% decline. This pair has a low adx, 13, and so a directional signal with little price movement is no surprise.

Forex parabolic SAR bear signal:




Stalking the Black Swan: Research and Decision Making in a World of Extreme Volatility
Market analyst Kenneth Posner creates a new framework for managing extreme risk based on lessons learned in the recent collapse of capitalist finance.




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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