8/12 Forex

No new signals this morning. Note that outside the Person's chart, USD/JPY is showing a bull signal on the fast stochastic. It's a volatile indicator, but when it's right it tends to lead the others. But it also fires off many false signals.

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.28319		US$1.31739 aug11	US$1.33723	US$1.2493
USD/JPY¥85.739		¥87.459 jul29	¥88.407	¥85.197
GBP/USD US$1.55905		US$1.585 aug11	US$1.59853	US$1.51363
EUR/JPY ¥110.06		¥113.501 aug10	¥115.857	¥108.617
USD/CAD C$1.04587		C$1.02694 aug10	C$1.0561	C$1.014
USD/MXN M$12.74846		M$12.5611 aug6	M$12.99897	M$12.243647

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.