Posts Tagged ‘forex’

A Mellow Market Mood – The EURO

By: George Harrison for money-tigers.com

As the Forex markets are starting up again, I’d like to share my opinion on the EURO.

Forget what you’ve heard, (of course), and go by what you ‘see’ beneath the surface.

As I put on my ‘Excalibur’ glasses (which are better than the ’3-D’ rage today and the technique I use for analysis on this site), I see last week’s big break to the downside and, an underlying short ROI of about 8 pips/hour still active.

That could change very soon, but, has not as of this writing and posting.

[The chart is below and visible to members of the money tigers group. Click the Golden Ticket on the right to become a FREE member and read the rest of this EURO commentary.]

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That’s all for now. Have an exciting and successful week ahead. – George

A reminder: These posts are for educational purposes only concerning my own private methods of analysis and are not recommendations or advice to buy or sell or to really do anything except to observe, along with me the rhythm of market price movements and try to align ourselves with them. Read ALL risk disclosure & disclaimer links on this website.

Disclaimer: The content on this site and article is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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A Forex Weekend Update:

Ah, the end of another weekend has arrived.

We’re going to take a look at the Pound/Yen, the EURO, The Australian Dollar and the Canadian Dollar markets today from a different perspective than I think you’re used to.

It’s time to take a look at the Forex market (as promised) to see what the Money Tiger’s ROI (Return On Investment) intentions are presently in the currencies.

The Money Tigers (for our new visitors) are the big money interests, institutions and super-funds who literally ‘make’ a market in stocks, futures and forex currencies.

My theory is that, together, these market-makers and influencers make a concerted effort to extract specific gains from their market profit-centers.

These become their anticipated Rates of Return (ROI) for their investments in those markets.

These are the embedded rates of return that are built into the present trends in progress and, they vary according to the market. They can’t be seen normally as they’re underlying a market and not part of the price bars themselves.

The ‘insiders’, the Money Tigers as I refer to them, do their ‘banking’ through the markets where they can engineer much better rates of return for themselves than meets the casual eye.

If you find these ‘insider’ ROI  intention numbers useful to you in your studies or trading research, please let me know and I’ll make a point of posting them periodically. They’re all part of the Excalibur process of analysis that I use for these markets.

The Pound/Yen (GBP/YEN): This is a market that has been in steep decline on a daily basis, but, now, has started to swing upward short-term.

The momentum of the long-term is still downward, but, one cannot fight the daily short-term trends on the intraday.

You could wait for a turning peak in price and a chance to rejoin the next slide downward, but, until then, prices are clearly in an upward push right now (note the green arrowed line-of-intention on the chart.

This is a strong uptrend, but, its only a very short-term push at present.

This is a strong uptrend, but, it's only a very short-term push at present.

[What you've seen above is just a part of what our Money Tigers Group Members can see on this very blog you're reading now. To view the other Forex choices, you'll need to be a member. You can join for FREE by clicking on the 'Golden Ticket' on the right margin and, then read the rest of this forex update.]

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[If you weren't able to read the above charts and comments, it's because you haven't signed up as a member of the Money Tigers Group yet. It's FREE to join, just click on the 'Golden Ticket' on the right side panel.]

That’s the wrap-up for Sunday all.

Hope you found some food for thought in the above charts and comments.

I’ll be looking about in some of the other commodities and posting some insights into some new markets this coming week.

Until then, have a great week. - George


Disclaimer: The content on this site and article is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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Trade Concepts: Forex-By-The-Hour, Not By-The-Minute

This particular post is an observation that I’ve made and which you may find useful as well.

When it comes to intra-day trading of  Forex currencies, there’s a lot of emphasis these days on really short-term time periods of action.

Using the bars on 15-minute charts, 10-minute charts, 5-minute charts to try to ferret out some profitable plays has been one very popular approach.

Trying to bounce around using different time frames is like performing a juggling act.

Trying to bounce around using different time frames is like performing a juggling act.

It’s a juggling act bouncing from one time frame to another in an attempt to grab a small piece of the normal swings in the market.

Possibly, it’s an exercise in trying to reduce the risk per trade.

The problem there is that because of the nature of the very short time periods, there will be more trades than ever and the low-risk per trade accumulates to become a greater loss than a single trade taken at a much more reasonable, longer-term time period.

I’ve seen some programs go down to the one-minute bars to make their programmed plays or apply their techniques.

There are some other short-comings of this kind of close action and short-term activity in the Forex markets.

One of the most important is that this level of time frame requires the constant attention of the trader or investor.

While this is exciting stuff at times, I don’t want to become the slave of the screen and the markets and I don’t think you do either.

Trading can become a wonderful supplement or even substitute for other occupations.

But, if we turn trading into just another ‘job’ that requires our constant presence in the ‘workplace’ ( or trading room), we will have sacrificed the very freedom we were looking for trading to supply.

At too short a time frame of charting, one is in danger of becoming a captive of the computer screen and trading platform.

Following markets too closely is too much like 'work'.

Following markets too closely is too much like 'work'.

To escape that prospect, I’d like to propose that you consider stepping back to hourly observations and entry signals in the Forex markets.

Let’s take a quick glance at how hourly trends would have played out in one market over the last day.

While, I personally, prefer to stay with daily trending directions, let’s set that aside for now and look only at the view from the hourly level of timing.

Just beneath this line is the rest of this blog, but, it’s only visible to members of our Money Tigers Group.

They can read it and you cannot (until you become a member yourself for FREE).

Once you do, the full article will be fully readable, so . . .

[If you wonder what members are seeing right now that you aren't, just click on the 'Golden Ticket' over on the  right margin and Join right now. There's no obligation and it's completely FREE.

That's right, FREE.]

Member Only access begins here:

[Content protected for members only]End of the MEMBERS ONLY information. . .

These are the kind of perceptive observations one can make if they step back a little from the volatile minute-by-minute action out there in the Forex markets.

We’ll discuss this some more with current examples in the days to come.

Until then, have a wonderful weekend away from the markets (yes, there is life outside the markets.:). - George

Disclaimer: The content on this site and article is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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Euro Fake Out Trade

Hope you all had a great weekend.

And, now we’re back to the Euro to continue our study of intraday markets and the Euro in particular this evening.

After opening and going upward in price, I stepped back like I described last week to wait for opportunities to arise to go short this market.

You’d think by the way prices went upward after the rate hike on Friday that the European financial crisis was over.

That’s not the way I’m prepared to bet however.

I think this is a Euro fake-out trade designed to trap traders on the wrong side of an upcoming move.

Only an opinion, but, backed up a little by trend change detected at the 15-minute and 30-minute level.

I see and (more importantly) Excalibur (the trading approach we use to evaluate markets) sees another moment of potential weakness just starting.

Here's the 30 minute view as of the posting

Here's the 30 minute view as of the posting

The rest of this trade set-up description is just below but for Members only to view as this is not a public advisory service. You can become a member at no cost right now and read the rest of this post without delay.

[If you wonder what members are seeing that you aren't, just click on the 'Golden Ticket' over on the  right margin and Join right now.

There's no obligation and it's completely FREE.

That's right, FREE.]

Member Only access begins here:

What follows is for MONEY TIGER GROUP MEMBERS EYES ONLY: [Content protected for members only]One of the problems with writing this blog and posting it after working on the charts manually is that I’m a bit behind on the actual trading movement, but, I think it’s important to give you some working examples of how this market could be approached using our method of analysis.

It’s a built-in delay so, by the time this is posted, things may have progressed or been stopped out.

The risk is worth the potential in my opinion on this one, so, let’s see how it progresses throughout the next hours.]

I’ll post again later. – George

Disclaimer: The content on this site and article is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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Excalibur: W. D. Gann's Practical Principles of Time & Price

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24 hour spot gold price chart

7 Suppressed Market Secrets of the Money Tigers by George Harrison
A reminder: These posts are for educational purposes only concerning my own private methods of analysis and are not recommendations or advice to buy or sell or to really do anything except to observe, along with me the rhythm of market price movements and try to align ourselves with them.

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