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.
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That’s all for now. Have an exciting and successful week ahead. – George
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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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, it's only a very short-term push at present.
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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
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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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.
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'.
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.
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Once you do, the full article will be fully readable, so . . .
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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
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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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
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.
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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
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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The EURO Slide: Not An Amusement Ride
EURO Wind-up for the week:
The Down Slide Is Continuing.
The EURO Avalanche continued this week.
For those in cash positions, I’m sure you’ll be convinced by now (with the data we’ve been passing along to you for some time), that you’d be better off holding US DOLLARS than EUROS these days.
I began a little experiment this week in tracking intraday price movement using our approach.
I decided to use this weakness in the EURO to illustrate the wisdom of using Daily trend direction and applying it to taking only one-sided intraday trades in the same direction as the Daily trend.
It was also a good time to illustrate how we can also track intraday trends just fine (in fact, much better than fine!) for those who are inclined towards a more active investment style.
By the way, the wind-up results for that last Euro intraday short pick and, results for the week, can be viewed by Members only below:
[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: [Content protected for members only]
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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2010 – Euro Trend Down?
Hello 2010 and hello to our friends in the Money Tigers Group.
Glad to greet all of our readers again on this new side of the yearly calendar.
We start this year with a trend that promises to last for several months minimum.
I’m talking about the EUR/USD forex pair.
The Euro is definitely on our trend line radar and the direction is down.
The Euro is acting weaker than other currencies at present and may be the leader of the pack going out of the gate early.
This is particularly important if you are implementing a cash equivalent strategy.
In short, that strategy encourages cash ownership of commodities or having the ability to completely fund the total valuation of a futures contract.
In the case of currencies, this approach would consist of parking cash itself in a strong currency account so that one can take advantage of interest paid in a strong, rising currency and benefit from increased valuation of the cash deposit as well.
A weakening Euro means that Euros should be converted into a stronger currency.
At present, those currencies with the strongest performance for growth of value are the US DOLLAR and possibly the AUSTRALIAN DOLLAR.
THE BRITISH POUND Vs. JAPANESE YEN:
The British Pound has lost a little of it’s downward momentum, but is still solidly locked into a down trend.
It would take some mighty upward action capable of breaching the red arrow trend line on the chart on the left before this strong decline could end and reverse directions.
A weakening Euro will certainly not help the British Pound. Quite the opposite would be the guess in fact.
We’ll comment on some alternative hard assets besides Gold in the next posting.
All the best, – George
Legal Disclaimer: The content on this site and articles are provided as general information only and should not be taken as investment advice. All information on this site is given for educational purposes only.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES “INVESTMENT ADVICE” NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, FOREX, BONDS OR FUTURES.
The Money Tigers Group © 2011
Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis
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