This report was sent to subscribers on 1/18/10 6:00 p.m. Chicago time to be used for trading on 1/19/10. Everything is done by Howard Tyllas, no program or black box.
March Euro
After the close on 1/19/10: My pivot acted as resistance and was 143.85, just .28 from the actual high, and my pivot acted as support and was 142.56, .07 from the actual low.
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145.77 |
145.14 Resistance |
-------------143.85 Pivot |
142.56 near 200 day moving average |
142.15 |
Use the same numbers as used on 1/18/09 |
Trend |
5 day chart ......... Down (last week same day) |
Daily chart ......... Sideways |
Weekly chart ........ Sideways |
Monthly chart... Up 142.54 is the 200 day MA |
ATR 124 Balanced 43% |
Bears recaptured the red bracket line at 144.92 (also the new downtrend line) and it is resistance once again. Next target is bracket line support (green). This chart also includes the same range on the last bar on the right, and will be corrected by the quote vendor.
In my daily numbers on Monday; my pivot acted as resistance and was .22 from the actual high, my support was .76 from the actual low.
March Euro for 1/19/10:
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: The dollar had one of its better performances on Friday, and not giving back too much of it as to not consider it looking stronger.
Commentary for 1/18/10
Euro: My resistance was 0.18 from the actual high; my support was 0.37 from the actual low.
Commentary for 1/15/10
Euro: My resistance was 0.22 from the actual high; my support was 0.34 from the actual low.
Commentary for 1/14/10
Euro: Accurate numbers! As long as above the bracket line the bulls are in control. I do favor the dollar this year, so I want to day trade using the numbers, and sell at resistance levels for swing trades (meaning 2 days to 2 weeks).
Commentary for 1/13/10
Euro: Spot on resistance off .01 and support off .43, but saying I would take a sell against the pivot was a good trade idea. I have the same ideas, prefer to sell resistance, and the bulls need to close above the bracket line again in order to shift my bias to friendly.
Commentary for 1/12/10
Euro: Accurate numbers being off .24 from the high and .19 from the low. Bulls in control now but need another day above the bracket line. Payroll disappointed on Friday, and that makes less of a case for a rate hike. Charts is the way I trade this, I am not arrogant enough to put my money on my fundamental analysis, and we all have the same printed word to read from. I still like day trading this from the short side using my numbers. Selling just below the pivot is aggressive, but I would do that not risking much using a buy stop to protect.
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Howard Tyllas
Tel.1-312-573-2699, 1-312-961-4390
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.
