You are on page 1of 2

Walter Spencer CHIEF INVESTMENT OFFICER walter.spencer@albertospencer.

com
Possible trend shift in EURJPY going short SELL 103.132 - 103.556 14 may 2012 01:00:00 GMT Identificacin de seal: 22318 Tiempo de emisin: lunes, 14 mayo 2012 01:00:00 GMT Estado: open Entrada: 103.132 - 103.556 Lmite: N/A Tope de prdidas: 103.909

The Tidal Shift Strategy has just sold EURJPY at 103.344. The system recommends entering this trade at any price between 103.132 and 103.556. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 8.686, which suggests that the EURJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.169, so the stop loss has been set at 104.19. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. While a bearish EURJPY bias makes sense considering lingering uncertainty about Greece and the Yen's relative appeal as as a safe haven, getting short at current levels seems a bit premature as prices test 76.4% Fibonacci expansion support at 102.79. I would wait for a daily close below this level to target an objective at 101.18 instead.

Walter Spencer CHIEF INVESTMENT OFFICER walter.spencer@albertospencer.com


Breakout Identified in EURUSD SELL 1.2801 - 1.28578 14 may 2012 14:14:15 GMT Identificacin de seal: 22325 Tiempo de emisin: lunes, 14 mayo 2012 14:14:15 GMT Estado: open Entrada: 1.2801 - 1.28578 Lmite: 1.27279 Tope de prdidas: 1.29552

The Breakout Opportunities system has just sold EURUSD at 1.28253. The system recommends entering this trade at any price between 1.2801 and 1.28578. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.7046, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour high of 1.29552 and a profit target has been set at the 1 Day ATR level at 1.27279. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. The SSI Breakout strategy tends to work well in volatile market conditions, generally when the Volatility Percentage in a pair is above 75%. The volatility in EURUSD at the time of signal is 57%.

You might also like