This report was sent to subscribers on 7/28/10 7:50 p.m. Chicago time to be used for trading on 7/29/10. Everything is done by Howard Tyllas, no program or black box.
September Euro
After the close recap on 7/29/10: My resistance was 131.01, just .05 from the actual high, and my pivot acted as support and was 129.88, just .11 from the actual low
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|
131.01 Resistance |
-------------129.88 Pivot |
128.76 Support |
|
Use the same numbers as used on 7/ 27 & 28 /10 |
Trend |
5 day chart ...... ... Up (last week same day) |
Daily chart .........Sideways |
Weekly chart ........Down 136.35 is the 200 day MA |
Monthly chart... Down |
ATR 137 Overbought 83% |
I still say "Uptrend line is pivotal now. High and low of this week is first resistance and support".
September Euro for 7/29/10:
In my daily numbers on Wednesday; my pivot acted as resistance and was .41 from the actual high; my pivot also acted as support and was .20 from the actual low.
Three main drivers in the FX are economics, earnings, and politics; I will stick with the charts and my numbers.
I will leave the fundamentals to you and stick with the technical's when trading the currencies.
Euro: Spot on support and accurate resistance. I have the same thoughts and using the same numbers as the last 2 days
September Euro for 7/28/10:
Euro: Accurate support and helpful resistance. Bulls are in control and hugging the uptrend line higher. I want to trade without bias and risk .35 on a trade idea.
September Euro for 7/27/10:
Euro: Spot on numbers! I have the same thoughts and only want to sell at resistance risking .35 on a stop to protect.
September Euro for 7/26/10:
Euro: Numbers were helpful at best. Bulls are in control short term in a longer term bear market. Market settled on the uptrend line which is pivotal on Monday. I would sell against last week's high and risk .30 on the idea; I would stand aside on taking the buy.
September Euro for 7/23/10:
Euro: Spot on numbers! My idea to sell the first resistance did not work, and selling the second resistance would not have been stopped out, but there was little profit (maybe .15) by the close. I only want to take the sell signals, and not risk more than .40 on the idea.
September Euro for 7/22/10:
Euro: Spot on numbers. I want to take the sell signal near the uptrend line that acts as resistance now. If I did sell the first resistance I would have to use a buy stop just above 129.12 because that second resistance is close to the first, and I do not want to buy stop myself out just below the second resistance.
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Disclaimer: No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.
