The Commodity Research Bureau's TrendTrader is Long Aussie, Euro, Euro/Sterling, Kiwi, USD/CAD and Short USD/JPY, Sterling/Yen, Euro/Aussie and Sterling.
P&L are in PIPS.
See full report below.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
FX Markets
The dollar index this morning is weaker with the dollar/yen +0.37 yen and the euro/dollar +0.27 cents. The dollar index last Friday closed higher. Bullish factors for the dollar last Friday included (1) comments from Fed Chairman Bernanke who said that the Fed will be prepared to tighten monetary policy when the outlook for the economy "has improved sufficiently," which was a positive comment for the dollar's interest rate differentials, (2) the unexpected narrowing of the Aug US trade balance as exports climbed to their highest level of the year, and (3) the prediction from Brown Brothers Harriman & Co. that the yen will probably decline against the dollar over the next year as "momentum" fades from a tax break that the Japanese government gave to companies to encourage repatriation of overseas profits back to Japan. Bearish factors included (1) comments from Kansas City Fed President Hoenig who said "right now, monetary policy is extremely accommodative and will remain s o," indicating he sees no hurry to raise interest rates, and (2) comments from Fed Governor Tarullo that while the US economy is growing again, the strength of the recovery shouldn't be exaggerated, and that interest rates are likely to stay low for "an extended period."
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The CRB "TrendTrader" is one of the oldest and most respected market letters in the industry since 1963.
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CALL Jay: 312 506 8709
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
About CRB
The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934. Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.
About CRB TrendTrader
In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.
TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.
The system is for medium to long-term trading and is designed to maintain positions throughout minor and medium-term corrections. TrendTrader tracks over 90 markets, including foreign exchange (FX), stock indices, exchange traded funds (ETF), interest rates, metals, energies, grains, meats and foods & fibers.
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
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