11/3 Forex

• Euro, Australian dollar to bull phase against the U.S. dollar, Japanese yen (EUR/USD, AUD/USD, EUR/JPY, AUD/JPY).
• U.S. dollar to bear phase against the Swiss franc (USD/CHF).

	pps	pps open	upper pivot	lower pivot
EUR/USD US$1.40		US$1.39 nov2	US$1.42	US$1.37
AUD/USD US$1.00		US$0.99 nov2	US$1.00	US$0.96
USD/CAD C$1.01		C$1.02 nov1	C$1.04	C$1.01
USD/JPY¥81		¥81.00 oct29	¥83	¥79
GBP/CHF C$1.58		C$1.52 oct22	C$1.60	C$1.55
GBP/USD US$1.61		US$1.58 oct28	US$1.62	US$1.58
EUR/JPY ¥114		¥113 nov3	¥115	¥111
AUD/JPY ¥81		¥79 nov2	¥81	¥78
USD/CHFSF0.98		SF0.99 nov2	SF1.00	SF0.95
NZD/USD US$0.77		US$0.75 oct29	US$0.77	US$0.74
USD/MXN M$12.28		M$12.39 oct21	M$12.55	M$12.19

Simplifying, it's stronger Euro and Australian dollar against a weaker U.S. dollar and yen. With a weaker dollar against the Swiss franc for seasoning.

EUR/USD to bull phase, preceding bear phase was 10 days with a 0.3% price decline (a wash).

AUD/USD, bull phase, preceding bear phase was 10 days with a 0.2% price decline (a wash).

EUR/JPY, bull phase, preceding bear phase lasted 17 days with a 1.3% price decline.

AUD/JPY, bull phase, preceding bear phase lasted 10 days with a 1.1% price decline.

USD/CHF, bear phase, preceding bull phase lasted 10 days with a 3.4% price rise.


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.

I also refer to the Heikin-Ashia trend or candlestick. The Heikin-Ashi averages six days for high, low, open and close, signalling uptrend if the close is in the upper half of the range and downtrend if it is in the lower half. The signal for opening and closing positions require confirmation through a turn in the 8-day exponential moving average.

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.