5/6 Watchlist: Forex

Lots of nasty whipsaws on the Person's Proprietary Signal analysis. Just as a first impression, it's striking me that the pps adds complexity over the psar for no gain, and maybe negative gain.

But, we're in a period where news surprises and fears of surprises are overshadowing all. So I'll continue and see what develops.

Person's Proprietary Signal analysis:

Awaiting confirmation, bear:

• GBP/CHF, 5/6. Needs a pullback to the moving average, around SF1.66. Lower pivot is at SF1.6045.

Confirmed, bull:

• GBP/CHF, 5/3. Reversed and repierced the moving averages with a new pps bear signal. The signal was a WASH for a 0.5% loss.

Confirmed, bear:

• EUR/CAD, 5/5. Reversed back up through the moving average but no new signal. Lower pivot at C$1.2988.

Too late, bear:

• EUR/CHF, 5/3. After weeks of narrow sideways movement, the price dropped by 2%, nearly to the downside pivot. It's technically now a confirmed bear move, but I wonder how much further downside there is? My guess: Not much. Downside pivot at SF1.399
• NZD/USD, 5/5. Confirmed, but the kiwi is down 1.7% and pierced the lower pivot. So, it's not an entry by my rules. The lower pivot is at US$0.7044.

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/NZD, 4/19. Lower
• AUD/USD, 4/19. Lower.
• CHF/JPY, 4/19. Way lower.
• EUR/GBP, 4/20, 4/21. Up intraday.
• EUR/JPY, 4/19. Way lower.

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Today on Private Trader

• Stocks Watchlist
• Forex Watchlist
• Today's Scan
• ABT Watch
• Forex
• Morningline: Stocks and Bonds
• Morningline: Other Indicators
• Morningline: Holdings
• Almanac

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
pps - Person's Proprietary Signal

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