Thursday, July 29, 2010

7/29 Forex

  • Person's charts steady; no phase switches.

(Wouldn't it be great if newspapers worked like that? "No News Today: Gone Fishing!")

ppspps openupper pivotlower pivot
EUR/USD US$1.3076 US$1.2878 jul26 US$1.2510 US$1.1602
USD/JPY¥87.07 ¥86.87 jul27 ¥91.49 ¥85.29
GBP/USD US$1.5644 US$1.5258 jul23 US$1.5266 US$1.4021
EUR/JPY ¥113.95 ¥112.87 jul27 ¥112.46 ¥103.05
USD/CAD C$1.0327 C$1.0488 jul22 C$1.1024 C$1.0291
USD/MXN Mex$12.7295 Mex$12.8693 jul22 Mex$13.4288 Mex$12.6637

The analysis uses the daily Person's Proprietary Signal, developed by John Person, and the monthly Person's Pivot, which he also developed. These are black box signals -- the "proprietary" means that Mr. Person knows how they work under the hood, and I don't. But they have shown a fair degree of success in identifying good entry and exit points, and I find them useful. On the glance, "pps open" means the price at the start of trading in the United States on the day the signal appeared. Disclaimer
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

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