Thursday, May 20, 2010

5/20 Watchlist: Forex

Added EUR/GBP to the bull list. Two successful exits.


"In@" shows the entry price.

Person's Proprietary Signal analysis:

Confirmed, bull:
  • EUR/CHF, 5/19. In@ SF1.4140. Came close to touching the upper pivot and pulled back. Exiting at SF1.4422 as a SUCCESS for a 2% gain.
  • EUR/GBP, 5/20. In@ £0.8577. New today.

Confirmed, bear: None.

    This is the old-style analysis, what's left of it. It will be phased out once these signals have passed from the list.

    Forex currency pairs showing parabolic sar bear signals:
    • AUD/USD, 4/19. In@ US$0.9182.
    • CHF/JPY, 4/19. In@ ¥86.49.
    • EUR/JPY, 4/19. In@ ¥123.94. Declined to a new 3-month low and then pulled back sharply. Exiting at ¥112.97 as a SUCCESS for a 8.8% gain.
    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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