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         Daily Blog - Tiger Software

                           December 14, 2007

            
      FOREX Trading The Euro:
     2000-2007 using TigerSoft.               


    
William Schmidt,     - Tiger Software's Creator
      (C) 2007 William Schmidt, Ph. D.  - All Rights Reserved. 

      No reproductions of this blog or quoting from it
      without explicit written consent by its author is permitted.

     
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Trading The Euro: 2000-2007 using TigerSoft
                
                          Rules are set out below using TigerSoft's Accumulation Index.
                          Automatic Buy and Sells signals are discussed elsewhere for current TigerSoft users.
                          The current HOTLINE will keep you abreast of the the signals.                     

1999 - Euro    In this year, trading simple crossovers of the 21-day and 50-day ma would not have
                            been profitable.  Instead, look for:
                            (1)   Divergences between price and the Accumulation Index.  A new low is clearly made
                            and the Accumulation Index is positive.  (July)
                            (2)   Upside cross-overs of these moving averages confirmed by a very positive
                            Accumulation Index. (July)
                           (3)   Take profits at resistance of earlier highs that occurred before long price downtrend
                           break.  Bottoms take months to form.  (August)
                           (4)    Go short on penetration of 50-day ma with Accumulation Index negative.
                           September would have meant a whip-saw loss. November worked out well.
                           (5)    Objective for short sale is previous low. (November).

            wpe2D.jpg (53459 bytes)
1999-2000 - EURO
            wpe33.jpg (52313 bytes)
2000 - Euro
                    6.) Use recoveries back to the falling blue 50-day ma, to sell short if the TigerSoft
                    Accumulation Index is negative.
(February)
                   7.) Go short on breakdown below flat support when rallies fail at lower and lower levels
                    with negative TigerSoft Accumulation index.
(April)
                   8.) Cover short sales on rally back above 21-day ma. (May)
                    9.) Consider upside potential before buying on penetration of 50-day ma with Tiger Accumulation
                    Index is positive.  The flat bottomed price pattern breakdown in April at 95 set up that level as
                    resistance.   The rule is that previous failed support becomes resistance on the next rally to that
                    level.

                  4.) Go short on penetration of 50-day ma with Accumulation Index negative. (July)
                   5.) Objective for short sale is previous low. (August).
                   6.) Use recoveries back to the falling blue 50-day ma, to sell short if the TigerSoft
                    Accumulation Index is negative.
(September)
                  5.) Objective for short sale is previous low. (October)
                 
10.) Buy on close above nested mvg.avgs. and breakout above downtrendline if TigerSoft
                  Accumulation Index is positive.

                  3)   Take profits at resistance of earlier highs that occurred before long price downtrend
                           break.  Bottoms take months to form.  (December)
 
                  11.)  After a trend-break in price, set a conservtive goal based based on recent highs.  92 was a
                  conservative goal here.  One might have waited for the first down-day after 92 was achieved and
                  then taken profits.


           wpe2E.jpg (59186 bytes)
2000-2001 - EURO
       
2001 - Euro

                       Respect the downtrend shown by the declining blue 50-day ma.  The Tiger Accumulation
               Index was not red enough at this time to go short unless one were to be very aggressive and
               work with much more modest objectives.  The same applies to the breakdown below 87.

               (1)   Divergences between price and the Accumulation Index.   A new low is clearly made
               and the Accumulation Index is positive.  
(June)
               (3, 11)   Take profits at resistance of earlier highs that occurred before long price downtrend
                break. 
90.5 is target.  Best to wait for the next down day after price objective is reached.
                12.) Sell short on negative non-confirmation by Tiger Accumulation Index of new high.
(September)
                (4)    Go short on penetration of 50-day ma with Accumulation Index negative. (October)
                (5.) Objective for short sale is previous low. (October)
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2001-2002 - EURO
          wpe34.jpg (51124 bytes)
2002 - Euro
          wpe2D.jpg (54462 bytes)
2002-2003 - EURO
       
wpe35.jpg (64589 bytes)
2003 - Euro
         wpe2E.jpg (54732 bytes)
2003-2004 - EURO
2004 - Euro 
    All this Blue Accumulation should tell you to buy breakouts and even tests of support.

    Use the recent highs as price objectives.   If they are exceeded, you shoud usually retake
    the position.

       wpe2F.jpg (52813 bytes)
2004-2005 - EURO  see above and below.
2005 - Euro
      wpe2D.jpg (55317 bytes)
2005-2006 - EURO
                  
When you see a pattern of steadily positive (Blue) Tiger Accumulation, look for
               buying opportunities.  Breakouts over moving averages and trendlines will work.
               So will pullbacks to points of breakout (in December). 
                  Use the optimized red Buy signals, too in this context to take positions.


  
wpe2E.jpg (54813 bytes)
2006 - Euro

                 Buy on Breakouts confirmed by the Tiger Accumulation Index.   Where there is much blue
            Accumulation, buy on tests of the lows, if you are aggressive and wiling to quickly get out of
            the positions if that support fails.

    wpe31.jpg (49337 bytes)
2006-2007 - EURO
2007 - Euro  |
                   
  Buying on breakouts confirmed by positive readings from the Tiger Accumulation
               Index were great places to Buy in 2006-2007. 
                      The head and shoulders pattern which was completed in December looks bearish.
               But it was not confirmed by the Tiger Accumulation Index being negative.

   
wpe32.jpg (53516 bytes)
 


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