EURUSD Trading Forward

In an earlier article the long term future of the EURUSD was measured, but what of the short term?

We can use PatternDNA's patent pending technology to match current action to historic trading and assess potential future performance. PatternDNA allows for the selection of 5 to 10 day long trading sequences and calculates for you the percentage of days which close higher (calculated from the 'open' price after the Pattern completes) 1-, 2- and 5-days out from when the Pattern completes.

A second performance metric looks at the Pattern with respect to a Target&Stop price. In the case of the Forex model we used an initial Target of 1% to trigger the Trail Target&Stop with an initial opening risk of 1%. The Trail Target&Stop is set at 1% apiece (i.e. each 1% gain will adjust the stop to 1% of that price) with an ultimate Profit Target of 5%. The RETURN figure is a cumulative return for the past year of the analysis based on a test list of 18 U.S. Stocks. Stocks were used as the basis of the historic Pattern test as stock data is more robust given the large number of illiquid Forex pairs.

In this article I will look at the current 5-day Pattern, then add an extra day to the Pattern and reassess performance; this will be done up to the 10-day maximum sized Pattern. This will build up a map of what may be expected in the days ahead for EURUSD.

So how did current action perform on the 1-, 2- and 5-day window and RETURN with Target&Stop. The following tables give the Percentage of higher closes over a 5-day period, the number of MATCHING historic pairings and the annualized cumulative RETURN.

On the initial analysis the first observation was the very low historic match at the Strongest Match Level for the default 5-day Pattern. There were just 2 matches with a 50:50 win percentage for the 5-days following the Pattern and a Cumulative Annualized Return of -0.9%.

At the Strong Match there was only credible data for the 5-day Pattern. Despite the relatively bullish prognosis for the next 5-days, the average Cumulative Annualized Return of -0.8% suggests this is not one you want to be holding for very long.

The weaker the Match, the more matches which can be made - but the more general the outlook becomes. At the Neutral mark the Pattern barely offers more than a 50:50 on closing higher, but suffers a much more punitive Cumulative Annualized Return at an average loss of 2.0%. This loss was offset by the mildly bullish 7-day and 8-day Pattern.

When the Match level is set at Weak and Weakest things really take a turn for the worst with the Cumulative Annualized Return falling to an average loss of 9.6% at the Weakest Math - remember, this is done from an initial stop of only 1%.

Based on this it would appear the near-term outlook - of up to 5 days - following Wednesday's bounce is bullish based on Strong Match data, but ultimately a 1% trim off Wednesday's close ($1.3133) would appear to be the ultimate return going forward. As things stand as of Thursday afternoon (15:00) the EURUSD has rallied to $1.3185 following ECB comments.

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Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too.

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Momentum versus Trend Rules

The challenge for traders is knowing when to trade with the trend or switch and go with momentum swings. Rarely is the answer clear cut; trends can occur within channels and trending channels can have momentum swings within them. Certain indicators, like the Average Directional Index, can help differentiate between trending and non-trending markets; values below 20 favouring momentum indicators and above 20 trending ones.

In last week's article we looked at the structure of creating a simple Forex strategy, next we will look at applying some rules. We will review the initial Setup - we shall start with default settings which are more geared towards stock trading. We can change to Forex settings later.

Currency: US Dollar
Delay between trades: 0
Target Percentage: 15%
Stop Percentage: 10%
Use Trail
Trail Target Percentage: 10%
Trail Stop Percentage: 5%
Profit Target Percentage: 25%

Remember, the Forex strategy will invest fixed cash quantities and buy 'shares' but the signals are key.

We will start with two rules; a trend rule which will be a MACD Signal Buy (one of the default rules) and a momentum rule, RSI (Relative Strength Index). Both the MACD and RSI are set at default values.

The MACD is built around the difference between two moving averages (12-day and 26-day), with a third moving average (the trigger line, 9-day) built off the difference between the two averages. When the MACD crosses the 9-day trigger line you get a signal. Moving averages are one of the most simplest trend measures indicators and work across all time frames, from intraday to annual. The Relative Strength Index is different as it measures the rate of change between average up and down closes over the past 14-days (default) and converts it to an oscillator bound by 0 and 100. Values above 70 represent an overbought ('hot') market, values below 30 represent an oversold ('cold') market. A MACD has no fixed boundaries. When the RSI crosses above 30 you get a signal trigger.

First we will look to individual rule performance. Remember, when connecting rules there has to be a flow from top to bottom; when your strategy is set correctly the borders around the rules will stop flashing red.

The Back Test period is from 21st October 2008 to 21st October 2010.

When we have our Rules connected and our Back Test run the performance of our preliminary strategy will be given in the Result box. We can also view a Portfolio to see how the Strategy would have performed in practice. Differences between Total Signals in the Result box to Number of Trades in the Portfolio is because new signals for currently held positions are ignored (i.e. there would be no doubling of an existing position).

On initial inspection, it looks like the Relative Strength rule should have had a significant performance advantage over the MACD rule. But digging into the details of the two strategies, the MACD strategy saw 12 trades from 44 signals (58% winners), while the RSI strategy had only 7 trades from 43 signals (71% winners); the larger number of winning trades in the MACD strategy compensated for the lower win percentage.

If we place the two rules together, side-by-side, where a position is taken IF either condition is true, then the following returns are obtained:

In the dual rule scenario, the strategy was able to maximise the best of two worlds. From the 87 signals there were 10 profitable trades, 70% of which were profitable. So under the default Target&Stop condition there was a clear advantage of using the two rules together. Unfortunately, using this in practice this would leave you exposed to huge pip losses. Just as an example: a EURUSD trade bought on February 9th at $1.3673 was stopped out on May 17th at $1.2281, a 1,392 pip loss!

What if we changed the Target&Stop to something more geared towards a Forex trader.

Target Percentage: 1%
Stop Percentage: 0.5%
Use Trail
Trail Target Percentage: 1%
Trail Stop Percentage: 1%
Profit Target Percentage: 5%

So when the risk management is narrowed to a much tighter target and stop, the benefit of having the dual trend and oscillator rule was lost. Different rule combinations will have varying behaviours under different risk management conditions.

In the case of the strategy built using the best performing Relative Strength indicator, there were 31 trades from the 43 signals, 55% of which were profitable. To give the returns better context in a Pip scale. The most recent trade for EURUSD was a buy on June 8th at $1.1940 and a sell on June 15th at $1.2147, a 207 pip or 1.61% gain. The largest loss for the strategy was a GBPUSD trade bought at $1.4387 on May 21st and stopped out four days later at $1.4286 for a 101 pip or 0.82% loss. The largest gain was a AUDUSD trade bought October 28th at $0.6037 and sold on October 29th at $0.6425 for a 388 pip or 6.31% gain.

When all trades for the strategy were considered, the average return was +1.42%.

We will come back to rules and trying different combinations in later articles, but this will give you a grounding to start using your own rule combinations.

[i] Non-leveraged investment. $10,000 = $100 Forex trade
[ii] Two-Years Return; note - Net Return ignores signal triggers for existing positions.

Follow us on twitter here How to Get Started with Zignals

Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too.

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Trading the Key Dollar Pairs; Doing The Ground Work

In a series of articles I will look to build a profitable Forex strategy built around EURUSD, GBPUSD, AUDUSD and NZDUSD using the Zignals Trading Strategy Builder. The goal of these articles is to educate on the use and Strategy Builder Engine and to enable readers develop their own strategies around their favourite currency pairs.

The Zignals Strategy Engine was designed to trade stocks, so strategies built around Forex symbols will buy 'shares' and won't use leverage, so returns are factored on a 1:1 basis. Therefore, a Forex strategy which invests $20,000 into Euro will calculate returns off a $20,000 investment, not a $200 margin investment (100:1) as is typical for Forex trading.

The second point about our Forex strategies is they have to share the same 'Base' currency. But strategies can be replicated to use different 'Base' currencies - in effect you might run two or three strategies together to get signals for Sterling, Canadian or Australian Dollars (unfortunately, no Yen or Swiss Francs yet).

Okay - I'm interested, how do I start?

An earlier article described the process for stocks, but let's look at this from the point of view of Forex. On loading the Strategy Builder you will be greeted with a grid-like workspace.

The left part of the screen offers five steps to help build your strategy.

The last step, "Publish to Zignals" (highlighted in orange), is the one which brings your strategy to life. Only complete the last step when you are happy with the strategy and are ready to receive the trading signals.

1. Setup

The first step contains a couple of key components which need to be completed.

Name: This is the name of your strategy, sky is the limit for naming

Strategy Type: This is the first important choice to be made as once set it cannot be changed after a strategy goes 'live'. Default is "Long" which means we will be buying our currency pairs.

Money Management: The first major choice is to select the Currency. This should be the Currency base for your trading pair(s). Since our strategy is based around Dollar pairs we will set the base to 'USD US Dollar'. Alternatives are Euro, Sterling, Australian Dollar and Canadian Dollar (no Yen or Swiss Franc at the moment).

As the Strategy Engine was designed around stocks it is hard-wired with certain stock-strategy relevant variables. In this case, a Starting Capital of $100,000 (effectively a $1,000 Forex account), a Cost-per-Trade of $10 (would be $0 for a true Forex strategy), a Slippage Percentage of 0.2% - which means entries are 0.2% more expensive and sales receive 0.2% less that the quoted price, and a Delay between trades set to 15 days. The Delay between trades is a feature to protect against whipsaw signals and is particularly useful in trending strategies. But to remove any possible confusion on our signals we will set it to zero.

Stop Condition: This is the first real area we can toy with. Because we haven't considered the technical signal we are going to use we can keep these values unchanged. But as you become more proficient in your strategy building you will optimise the best exit conditions for your strategy.

2. "Stocks"

The second step defines what your strategy will trade. "Stocks" is not limited to stocks, but also includes currency pairs, indices or commodities. However, the 'Base' currency of the list components must match to the Currency selected in Step 1. In our example, our strategy was built using the US Dollar so our "stocks" must feature currency pairs based on the dollar. This strategy will use four currencies in a New "stocklist" called 'Quad Currency'.

Quad Currency: GBPUSD, EURUSD, AUDUSD, NZDUSD

However, you could create new "stocklists" for other key currency pairs., e.g:

Canadian Currency: USDCAD, EURCAD, GBPCAD, AUDCAD

Hey, what about a list of Euro pairs?

So why can't you create a "stocklist" around a selection of Euro pairs like EURGBP, EURCAD, EURAUD? The issue is to do the with last currency of each of these pairs - they are all different. Remember, a "stocklist" must use currencies where the last currency in the pair matches the "Base" currency selected in Step 1.

Is there a workaround?

Yes, strategies can be built around a single currency pair. Once your strategy is created you can save it under another name with a different 'Base' currency and trading currency pair, e.g. A Sterling Base Currency (GBP) trading just the EURGBP pair.

3. Rules

I will discuss this feature more next week. Let's just add a 20-d cross above a 50-d SMA rule - the first one on the list of default trading rules. It will appear on the screen highlighted by a glowing border; both the information boxes at the top and bottom will similarly glow - so what does the glow mean? The glow areas mark the actionable points which need to be configured before the strategy can be considered complete.

To create a complete Strategy it is necessary to connect added rules in Sequence from their start point at the top, to the end point in the Result box.

To do this, mouse over the body of the box attached to the Start Point and left click on it (i.e. this is the box which contains the name of your strategy). When you left click, the background colour of the box in the middle (which is the Rule) will change from Orange to Green. While keeping the left-click engaged on the box, drag it towards the Rule until you see a large plus-sign on a green circle background appear.

Release the mouse to connect the rule. A white connection line will appear from the Start Point to the rule.

Repeat the process for connecting the Rule to the End Point. Remember, left-click-and-drag the rule until it's over the Result box - not the End Point.

When this is done correctly another plus-sign will appear with the word 'Connect' beneath.

When the strategy is successfully connected there will be no more glowing borders and a line of flow will have been created from top to bottom.

In a later article I will look at some complex rule arrangements, but this allows us to move to Step 4: Backtest.

4. Backtest

The Backtest is the meat-and-veg of the Strategy Builder - in effect, how good is your strategy?

The Backtest defaults to the last 2 years-to-date but can lookback for any period to 2000. In a later article we will look at a more rigorous test regime for our Strategy as we test in out-periods (i.e. different time spans than used to build the strategy).

To run a Backtest all that is required is to hit the button and Run. At the end of the Backtest the Result section will populate will results and you will have the option to view a Portfolio listing all of your trades.

If you decide to view a Portfolio you can give it a name.

After saving you might have to wait for 30 seconds-1 minute as the Portfolio populates with your trades and is loaded.

Here you will be able to see all the Transactions for your strategy, individual returns per trade and graphical Performance summaries.

At this point, if we were happy with the strategy we could 'Publish to Zignals' - but for now, close the Portfolio window / switch back to the Strategy Builder, save the strategy, and we will look to improve returns in next week's article.

----

Follow us on twitter here. How to Get Started with Zignals. Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!



Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies. Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too.

Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com. JOIN US TODAY - IT'S FREE!
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FTSE 250 (MIDD) Looking Better For Bulls

In our last review of the FTSE 250 (ETF:MIDD) the index was testing 981 resistance. In the past week the FTSE 250 has managed to break not just the July reaction high but the June one too - confirming the May/July reaction lows as a double bottom. This has handed the impetus to the bulls and may give cause for similar confirmations in US markets (with the exception of the Dow, lead US indices are trading below their mid-June reaction high peaks).

With 988 cleared and new support there is a bit of breathing room to the next point of resistance around 1,027. If there is a concern with the rally it's to do with the lack of volume, although typical for the time of year. The heavy volume selloff in early May left supply concerns for any rally into 1,020, but with higher highs and higher lows currently the order of the day the trend friend is with the bulls.



It has been a week since I last listed my strategy signals but subscribers to one of my trading strategies will have received all of the signals for aforementioned strategies they held subscriptions too - including key intraday alerts on stop or profit target hits. If you are interested in receiving these signals to your email account please subscribe to any one of these strategies from my Zignals home page.

Yesterday's after-the-close signals were relatively light as markets traded in narrow ranges, keeping a lid on big movers - and therefore new signals.

ASX Price x 20-day MA

Long Confirmation Entry for WPL (Sydney) at AU$42.10

BSE Zignals

Long Confirmation Entry for SBI (Mumbai) at INR2449.9
Long Entry for BSES (Mumbai) at INR1158.3

Commodities Oak

Short Confirmation Entry for SlvUSD (Commodities) at $18.21

Forex Oak

Short Confirmation Entry for JPYUSD (FX) at 0.0120

Frankfurt High Winners

New Long Target and Stop for WCH (Frankfurt) at €136.7 (EoD): Target €150.8, Stop €130.2
New Long Target and Stop for PRAF (Frankfurt) at €6.05 (EoD): Target €6.69, Stop €5.77

FTSE Elm

New Long Target and Stop for LAM (London) at 264p (EoD): Target 294p, Stop 240p

India Oak

Short Confirmation Entry for KOTAK (Mumbai) at INR771.5

Indian Golden Brown

New Long Target and Stop for TELCO (Mumbai) at INR854.2 (EoD): Target INR941.9, Stop INR770.7
Long Entry for ABAN (Mumbai) at INR831.5

Indian High Winners

Long Unacted Entry for ABAN (Mumbai) at INR831.5 (EoD): Entry signal given, but exited position on same stock too recently

Indian Strength

Long Confirmation Entry for ABAN (Mumbai) at INR831.5

Irish Oak

Short Exit at Stop for PLS (ISEQ) at €27.90

MA Crossover

Long Exit at Stop for IP (NYSE) at $23.68

My YouTube Strategy

Long Entry for IWM (NYSE) at $66.33

Relative Canada

Long Confirmation Entry for MLX (Toronto) at $11.31

Relative UK

Long Entry for POLR (London) at 89p

UK Golden Brown

Long Confirmation Entry for JD. (London) at 787p

UK High Winners

Long Exit at Trailing Stop for CHNS (London) at 218p
Long Entry for LCG (London) at 123p
Long Entry for POLR (London) at 89p
New Long Target and Stop for AIP (London) at 317p (EoD): Target 357p, Stop 308p
Long Confirmation Entry for JD. (London) at 787p
Long Confirmation Entry for SFR (London) at 213p

Why not start your Zignals Trading Strategy Business with us today? Learn How to promote your Zignals Trading Business with Twitter.

Follow us on twitter here

How to Get Started with Zignals

Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too. Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com. JOIN US TODAY - IT'S FREE!
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FTSE 250 (MIDD) Fight for Resistance

The FTSE 250 (MIDD) is mounting a challenge on the first level of resistance at 981 with an additional one nearby at 988. Each case represents a closing price threshold - only when MIDD closes above 988 will there be room for a more concerted push to 1,027. Until then look for narrow trading and significant levels of indecision as bulls and bears fight it out.



In this environment it can be tricky to trade and whipsaw signals can be common. Using the delay-between-trades feature available in our trading strategy builder can protect your strategy from these situations. My trading strategies were dominated by confirmation signals with one of my Frankfurt strategies particularly busy.

BSE Zignals

Long Confirmation Entry for ONGC (Mumbai) at INR1266.3
Long Unacted Entry for GACM (Mumbai) at INR109.7 (EoD): Entry signal given, but exited position on same stock too recently (3) days ago.

ETF Elm

Long Entry for SDS (NYSE) at $33.49

ETF Kauto Star

Long Exit at Trailing Stop for TWM (NYSE) at $21.37

ETFs Oak

Short Unacted Entry for SSO (NYSE) at $36.01 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.

Forex Bull Trender

Long Confirmation Entry for NZDUSD (FX) at 0.7080
Long Entry for ZARUSD (FX) at 0.1310

Forex High Winners

Long Confirmation Entry for CADUSD (FX) at 0.9500
Long Confirmation Entry for ZARUSD (FX) at 0.1310

Frankfurt High Winners

Long Entry for GWK3 (Frankfurt) at €33.07
Long Entry for LXS (Frankfurt) at €36.51
Long Confirmation Entry for SDF (Frankfurt) at €38.98
Long Confirmation Entry for VOSF (Frankfurt) at €69.67
Long Confirmation Entry for DPW (Frankfurt) at €12.68
Long Confirmation Entry for MAN (Frankfurt) at €70.94
Long Entry for WCH (Frankfurt) at €124.2
Long Confirmation Entry for BOS (Frankfurt) at €27.50
Long Confirmation Entry for LIN (Frankfurt) at €87.07
Long Confirmation Entry for MUV2 (Frankfurt) at €105.1
Long Entry for PFV (Frankfurt) at €59.50
New Long Target and Stop for SY1 (Frankfurt) at €18.75 (EoD): Target €20.87, Stop €18.02
Long Confirmation Entry for ADS (Frankfurt) at €40.18
Long Entry for LHA (Frankfurt) at €11.85
Long Confirmation Entry for SZG (Frankfurt) at €49.44

India Oak

Short Entry for ESRO (Mumbai) at INR136.3

Indian Golden Brown

Long Exit at Trailing Stop for HPCL (Mumbai) at INR430.0
New Long Target and Stop for CRGR (Mumbai) at INR277.7 (EoD): Target INR313.3, Stop INR256.3

Indian High Winners

New Long Target and Stop for JLVY (Mumbai) at INR1161.4 (EoD): Target INR1298.0, Stop INR1121.0
New Long Target and Stop for CRGR (Mumbai) at INR277.7 (EoD): Target INR313.3, Stop INR270.6
Long Confirmation Entry for GRSM (Mumbai) at INR1837.7

Indian Strength

New Long Target and Stop for CRGR (Mumbai) at INR282.4 (EoD): Target INR313.3, Stop INR262.0
Long Confirmation Entry for RNRL (Mumbai) at INR44.59
Long Confirmation Entry for PGRID (Mumbai) at INR100.0
Long Entry for ABAN (Mumbai) at INR844.1
Long Confirmation Entry for NTML (Mumbai) at INR260.5
Long Confirmation Entry for HPCL (Mumbai) at INR430.9
Long Confirmation Entry for GLXO (Mumbai) at INR2031.1

Irish Oak

Short Confirmation Entry for GCC (ISEQ) at €3.29

Mumbai Elm

New Long Target and Stop for HDIL (Mumbai) at INR276.6 (EoD): Target INR305.6, Stop INR250.0

Relative Canada

Long Entry for MLX (Toronto) at $11.37
Long Confirmation Entry for PKI.UN (Toronto) at $10.16

Relative US Dividend

Long Exit at Stop for ABT (NYSE) at $44.95

Short Trender

Short Confirmation Entry for IBM (NYSE) at $126.7
Short Confirmation Entry for DIS (NYSE) at $33.54
Short Entry for DIS (NYSE) at $33.54
Short Unacted Entry for IBM (NYSE) at $126.7 (EoD): Entry signal given, but exited position on same stock too recently (10) days ago.

UK Golden Brown

Long Confirmation Entry for TEP (London) at 351p

UK High Winners

Long Entry for TEP (London) at 351p

UK Tempest

Long Confirmation Entry for BARC (London) at 288p

US Oak

Short Confirmation Entry for IBM (NYSE) at $126.7
Short Confirmation Entry for DIS (NYSE) at $33.54

Why not start your Zignals Trading Strategy Business with us today? Learn How to promote your Zignals Trading Business with Twitter.

Follow us on twitter here How to Get Started with Zignals Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today! Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies. Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too. Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com. JOIN US TODAY - IT'S FREE!
Read more!

FTSE 250 (MIDD) Slips Deeper Into Downward Channel

Friday's losses in U.S. Markets had little bearing on the FTSE 250 (ETF:MIDD) other than to maintain the existing downtrend. There looks to be a dodgy price print at 925 (952?) but it's likely the price (measuring) gap created from July 8th has closed and this phase of the rally is destined to push back to 910. Bulls will be looking to the latest reaction high of 990 as a target to break the April-July decline - lowering the bar from the previous 1,025 set in June.

There were still a number of long entries in the global trading strategies available on my home page. Not to mention some new short entries too for IP and SBUX.

ASX Oak

Short Confirmation Entry for WOW (Sydney) at AU$27.11

BSE Zignals

Long Exit at Trailing Stop for GACM (Mumbai) at INR108.7
Long Confirmation Entry for NEST (Mumbai) at INR2970.9
Long Confirmation Entry for KOTAK (Mumbai) at INR769.0

BSE Zignals 1 mil Rupee

Long Confirmation Entry for HTECH (Mumbai) at INR358.7

ETF Kauto Star

Long Unacted Entry for SDS (NYSE) at $33.58 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
New Long Target and Stop for TWM (NYSE) at $22.79 (EoD): Target $25.08, Stop $21.66
Long Unacted Entry for QID (NYSE) at $17.68 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.

Forex Bull Trender

Long Confirmation Entry for JPYUSD (FX) at 0.0110

Frankfurt High Winners

Long Exit at Stop for RWE (Frankfurt) at €52.97
Long Entry for SDF (Frankfurt) at €38.58

India Oak

Short Unacted Entry for WRWDT (Mumbai) at INR1351.7 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Short Exit at Stop for UNBK (Mumbai) at INR330.7

Indian High Winners

Long Confirmation Entry for GRSM (Mumbai) at INR1828.7
New Long Target and Stop for UNBK (Mumbai) at INR330.7 (EoD): Target INR366.7, Stop INR316.7

Indian Strength

Long Entry for HPCL (Mumbai) at INR445.9
Long Confirmation Entry for GRSM (Mumbai) at INR1828.7
Long Confirmation Entry for ONGC (Mumbai) at INR1242.5
New Long Target and Stop for ZEE (Mumbai) at INR314.0 (EoD): Target INR348.3, Stop INR291.3
Long Confirmation Entry for NTML (Mumbai) at INR265.5

MA Crossover

Long Exit at Stop for C (NYSE) at $3.93

Short Trender

Short Confirmation Entry for SBUX (Nasdaq) at $26.25
Short Entry for IP (NYSE) at $23.49
Short Entry for SBUX (Nasdaq) at $26.25
Short Confirmation Entry for IP (NYSE) at $23.49

Tri-Indicator ETFs

Long Entry for SDS (NYSE) at $33.58

Tri-Indicator UK

Long Exit at Stop for MTEC (London) at 214p
New Long Target and Stop for PAY (London) at 313p (EoD): Target 385p, Stop 315p

UK Golden Brown

Long Confirmation Entry for HSD (London) at 170p
Long Entry for PAY (London) at 309p
New Long Target and Stop for PAY (London) at 339p (EoD): Target 385p, Stop 315p

UK High Winners

Long Unacted Entry for PAY (London) at 309p (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.
Long Confirmation Entry for HSD (London) at 170p
Long Exit at Trailing Stop for PVCS (London) at 57p

US Oak

Short Confirmation Entry for IP (NYSE) at $23.49
Short Entry for SBUX (Nasdaq) at $26.25

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Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too.

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Zignals Trading Strategies That Work

With the FTSE 250 (ETF: MIDD) making modest inroads into yesterday's losses it has been a relatively quiet start for the market. The short term trend continues to push higher towards channel resistance connecting April and June reaction highs (currently at 1,008).

On the Trading Strategy front it was more of a mixed bag with a large number of confirmation signals for existing held (long) positions. There were also a couple of Profit Target Hits for Relative India with VSNL (24% gain) and UK Golden Brown with BRK (44% gain) and the odd short strategy position exited at the stop price.

ASX Price x 20-day MA

Long Entry for WPL (Sydney) at AU$43.34
Long Confirmation Entry for WOW (Sydney) at AU$27.05

BSE Zignals

Long Confirmation Entry for BOB (Mumbai) at INR717.4

Commodity Elm

Long Confirmation Entry for Brent (Commodities) at $74.63

Forex Bull Trender

Long Confirmation Entry for EURUSD (FX) at 1.2610
Long Confirmation Entry for GBPUSD (FX) at 1.5050

Forex Elm

Long Confirmation Entry for CADUSD (FX) at 0.9670

Forex High Winners

Long Confirmation Entry for GBPUSD (FX) at 1.5050

Frankfurt High Winners

New Long Target and Stop for LEO (Frankfurt) at €20.97 (EoD): Target €22.02, Stop €19.92
Long Confirmation Entry for MTX (Frankfurt) at €47.09
Long Confirmation Entry for VOSF (Frankfurt) at €70.64
New Long Target and Stop for AUS (Frankfurt) at €11.11 (EoD): Target €12.65, Stop €10.93
New Long Target and Stop for DEZ (Frankfurt) at €4.56 (EoD): Target €5.03, Stop €4.35
Long Unacted Entry for EOAN (Frankfurt) at €23.22 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
Long Unacted Entry for PUM (Frankfurt) at €215.4 (EoD): Entry signal given, but exited position on same stock too recently (7) days ago.

FTSE Elm

Long Entry for ACMG (London) at 183p

India Oak

Short Exit at Stop for CAIRN (Mumbai) at INR324.2

Indian Strength

New Long Target and Stop for VSNL (Mumbai) at INR291.5 (EoD): Target INR317.4, Stop INR270.4
Long Confirmation Entry for GLXO (Mumbai) at INR2062.4

MA Crossover

Long Unacted Entry for IBM (NYSE) at $129.6 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Entry for C (NYSE) at $4.28

Relative Canada

Long Unacted Entry for FFN (Toronto) at $4.90 (EoD): Entry signal given, but exited position on same stock too recently (7) days ago.

Relative India

Long Exit at Profit Target for VSNL (Mumbai) at INR290.0

Relative UK

Long Entry for BJU (London) at 158p

Short Trender

Short Exit at Trailing Stop for INTC (Nasdaq) at $22.06

Tri-Indicator Frankfurt

Long Confirmation Entry for GWK3 (Frankfurt) at €33.77

Tri-Indicator UK

New Long Target and Stop for SPT (London) at 119p (EoD): Target 133p, Stop 109p

UK Golden Brown

Long Exit at Profit Target for BRK (London) at 810p

UK High Winners

New Long Target and Stop for BRK (London) at 843p (EoD): Target 930p, Stop 803p
Long Confirmation Entry for JIM (London) at 120p

US Oak

Short Exit at Trailing Stop for INTC (Nasdaq) at $22.06

US Strength

New Long Target and Stop for MSFT (Nasdaq) at $25.45 (EoD): Target $28.17, Stop $23.56

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Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too.

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FTSE 250 (MIDD) Riding US Gains

With yesterday's strong gains in US markets followed by Intel's positive earnings it is a "feel good" day for the FTSE 250 (ETF: MIDD). Late morning trading has seen some of this enthusiasm wane but there isn't any clear resistance until down channel resistance is tested around 1,010, with additional supply zones at 1,025 and 1,062.



The Trading Strategies had a busy day with a range of new trade signals, including a few of profit target hits. The first was for strategy Relative India and stock ABAN (23% gain) - following an early profit target hit for the same stock in strategy Tri-Indicator India. Tri-Indicator India and BSE Zignals had profit target hits for PFC with a 19% and 20% gain respectively, BSE Zignals 1 mil Rupee returned 23% for HDFC. UK strategies weren't missing from the party either; Relative UK saw a 20% return for CNC and UK Golden Brown had an excellent 38% return for NSR.

BSE Zignals

Long Entry for CAIRN (Mumbai) at INR303.6
Long Confirmation Entry for TELCO (Mumbai) at INR776.6
Long Entry for BHEL (Mumbai) at INR2408.3
Long Exit at Profit Target for PFC (Mumbai) at INR306.0

BSE Zignals 1 mil Rupee

Long Entry for GAIL (Mumbai) at INR472.9
Long Confirmation Entry for HDFC (Mumbai) at INR2948.9
Long Confirmation Entry for HTECH (Mumbai) at INR363.5
Long Entry for BHEL (Mumbai) at INR2408.3
Long Confirmation Entry for GAIL (Mumbai) at INR470.3
Long Exit at Profit Target for HDFC (Mumbai) at INR3012.5

Developing a Strategy

Long Entry for MSFT (Nasdaq) at $24.48
Long Confirmation Entry for WMT (NYSE) at $49.88
Long Entry for F (NYSE) at $10.86
Long Entry for INTC (Nasdaq) at $20.35
Long Entry for HPQ (NYSE) at $46.22
Long Confirmation Entry for T (NYSE) at $24.98
Long Confirmation Entry for IP (NYSE) at $23.76

ETF Kauto Star

Long Entry for TWM (NYSE) at $21.70

ETFs Oak

Short Unacted Entry for DXD (NYSE) at $28.45 (EoD): Entry signal given, but exited position on same stock too recently (8) days ago.
Short Unacted Entry for SDS (NYSE) at $34.52 (EoD): Entry signal given, but exited position on same stock too recently (8) days ago.
Short Exit at Trailing Stop for SSO (NYSE) at $35.37
Short Exit at Trailing Stop for UWM (NYSE) at $29.23
Short Unacted Entry for TWM (NYSE) at $21.46 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
Short Unacted Entry for QID (NYSE) at $17.93 (EoD): Entry signal given, but exited position on same stock too recently (7) days ago.

Forex High Winners

Long Confirmation Entry for CADUSD (FX) at 0.9570

Forex Oak

Short Confirmation Entry for JPYUSD (FX) at 0.0110

Frankfurt High Winners

Long Confirmation Entry for SAP (Frankfurt) at €37.17
Long Confirmation Entry for BAS (Frankfurt) at €45.59
Long Entry for AUS (Frankfurt) at €10.10
Long Unacted Entry for SOWF (Frankfurt) at €85.75 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Confirmation Entry for LIN (Frankfurt) at €87.07
Long Confirmation Entry for VOW (Frankfurt) at €70.68
Long Confirmation Entry for MRK (Frankfurt) at €60.42
Long Confirmation Entry for AUS (Frankfurt) at €10.10
Long Confirmation Entry for DAI (Frankfurt) at €41.58
Long Entry for ADS (Frankfurt) at €40.53
Long Confirmation Entry for DEQ (Frankfurt) at €22.35
Long Confirmation Entry for RWE (Frankfurt) at €55.31
Long Confirmation Entry for SIE (Frankfurt) at €74.32

India Oak

Short Exit at Stop for DLFL (Mumbai) at INR304.7
Short Unacted Entry for HROH (Mumbai) at INR2023.0 (EoD): Entry signal given, but exited position on same stock too recently (4) days ago.
Short Entry for GLXO (Mumbai) at INR2119.2
Short Exit at Stop for SBI (Mumbai) at INR2420.2
Short Entry for BSES (Mumbai) at INR1142.3
Short Exit at Stop for ZEE (Mumbai) at INR308.7
Short Exit at Stop for PFC (Mumbai) at INR313.4

Indian Golden Brown

Long Entry for CAIRN (Mumbai) at INR303.6
Long Entry for TELCO (Mumbai) at INR776.6
New Long Target and Stop for NEST (Mumbai) at INR3135.8 (EoD): Target INR3630.0, Stop INR2970.0
Long Entry for CRGR (Mumbai) at INR252.5
Long Entry for BHEL (Mumbai) at INR2408.3
New Long Target and Stop for HDIL (Mumbai) at INR267.3 (EoD): Target INR294.5, Stop INR241.0
New Long Target and Stop for ZEE (Mumbai) at INR308.6 (EoD): Target INR341.9, Stop INR279.7
New Long Target and Stop for PFC (Mumbai) at INR319.1 (EoD): Target INR353.0, Stop INR288.8

Indian High Winners

Long Confirmation Entry for HALC (Mumbai) at INR145.5
Long Confirmation Entry for NTML (Mumbai) at INR264.0
Long Unacted Entry for CAIRN (Mumbai) at INR303.6 (EoD): Entry signal given, but exited position on same stock too recently (7) days ago.
Long Entry for CRGR (Mumbai) at INR252.5
Long Confirmation Entry for BHEL (Mumbai) at INR2408.3
Long Confirmation Entry for TELCO (Mumbai) at INR776.6
New Long Target and Stop for NEST (Mumbai) at INR3135.8 (EoD): Target INR3630.0, Stop INR3135.0
Long Exit at Trailing Stop for NEST (Mumbai) at INR2995.0
New Long Target and Stop for ABAN (Mumbai) at INR880.0 (EoD): Target INR926.1, Stop INR837.9
New Long Target and Stop for ZEE (Mumbai) at INR308.6 (EoD): Target INR341.9, Stop INR295.3
New Long Target and Stop for PFC (Mumbai) at INR319.1 (EoD): Target INR353.0, Stop INR304.9
New Long Target and Stop for DLFL (Mumbai) at INR305.3 (EoD): Target INR350.0, Stop INR302.2

Indian Strength

Long Entry for BAJAU (Mumbai) at INR2420.3
Long Confirmation Entry for CRGR (Mumbai) at INR252.2
Long Confirmation Entry for HROH (Mumbai) at INR2006.8
New Long Target and Stop for PFC (Mumbai) at INR310.8 (EoD): Target INR342.9, Stop INR286.8
Long Entry for RNRL (Mumbai) at INR44.19

Irish Oak

Short Confirmation Entry for IJG (ISEQ) at €1.15

MA Crossover

Long Unacted Entry for CAT (NYSE) at $66.01 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.

Mumbai Elm

New Long Target and Stop for PFC (Mumbai) at INR310.0 (EoD): Target INR342.9, Stop INR280.5

Relative Canada

Long Exit at Stop for CVL (Vent-TSX) at $10.36
Long Unacted Entry for BAD.UN (Toronto) at $13.17 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Entry for FN.UN (Toronto) at $16.30
Long Unacted Entry for FFN (Toronto) at $5.01 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Unacted Entry for CVL (Vent-TSX) at $10.37 (EoD): Entry signal given, but exited position on same stock too recently (15) days ago.
Long Entry for VIC.UN (Toronto) at $13.82

Relative India

Long Exit at Profit Target for ABAN (Mumbai) at INR864.0

Relative UK

New Long Target and Stop for 888 (London) at 45p (EoD): Target 49p, Stop 40p
Long Exit at Profit Target for CNC (London) at 43p

Short Trender

Short Exit at Trailing Stop for C (NYSE) at $4.24
Short Exit at Trailing Stop for IBM (NYSE) at $130.5
Short Exit at Trailing Stop for GOOG (Nasdaq) at $485.2
Short Exit at Trailing Stop for JPM (NYSE) at $39.81

Tri-Indicator Indian

Long Exit at Profit Target for PFC (Mumbai) at INR306.0

UK Golden Brown

Long Entry for JD. (London) at 766p
Long Exit at Profit Target for NSR (London) at 60p
New Long Target and Stop for CNC (London) at 44p (EoD): Target 49p, Stop 40p

UK High Winners

Long Unacted Entry for STHR (London) at 272p (EoD): Entry signal given, but exited position on same stock too recently (8) days ago.
Long Entry for 888 (London) at 42p
New Long Target and Stop for WOR (London) at 102p (EoD): Target 116p, Stop 100p
Long Entry for JD. (London) at 766p
Long Exit at Trailing Stop for APF (London) at 260p
New Long Target and Stop for 888 (London) at 46p (EoD): Target 50p, Stop 43p
Long Exit at Trailing Stop for WOR (London) at 93p
Long Exit at Trailing Stop for 888 (London) at 43p
Long Confirmation Entry for SFR (London) at 214p
Long Exit at Stop for PAY (London) at 256p
New Long Target and Stop for SPT (London) at 118p (EoD): Target 131p, Stop 113p
Long Exit at Trailing Stop for SSP (London) at 60p
New Long Target and Stop for CNC (London) at 44p (EoD): Target 49p, Stop 43p
New Long Target and Stop for PVCS (London) at 60p (EoD): Target 66p, Stop 57p

US High Winners

Long Confirmation Entry for DIS (NYSE) at $33.45 10
Long Unacted Entry for F (NYSE) at $10.86 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
Long Unacted Entry for INTC (Nasdaq) at $20.35 (EoD): Entry signal given, but exited position on same stock too recently (10) days ago.
Long Unacted Entry for MSFT (Nasdaq) at $24.48 (EoD): Entry signal given, but exited position on same stock too recently (8) days ago.
Long Confirmation Entry for WMT (NYSE) at $49.88
Long Confirmation Entry for T (NYSE) at $24.98
Long Unacted Entry for HPQ (NYSE) at $46.22 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Unacted Entry for IP (NYSE) at $23.76 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.

US Oak

Short Exit at Stop for CAT (NYSE) at $66.17
Short Exit at Trailing Stop for C (NYSE) at $4.19

US Strength

New Long Target and Stop for CAT (NYSE) at $66.79 (EoD): Target $74.10, Stop $61.98
New Long Target and Stop for JPM (NYSE) at $40.63 (EoD): Target $44.76, Stop $37.44

US Uber Win

Long Unacted Entry for AAPL (Nasdaq) at $256.8 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.

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Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too.

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FTSE 250 (MIDD) Indecision continues

Friday was the first point of indecision for the July rally and today is looking to provide another. The 950 level is still an attractive downside test target without breaking the momentum of the advance. Shorts may even be looking to get aggressive here with a stop above 982.

Friday's end-of-day signals were dominated by one of my Frankfurt trading strategies with little in the way of movement for U.S. strategies. U.S. short strategies saw some stop hits as Friday finished with yet another close at the day's highs. However, nearly every strategy saw some action and if you want to be kept informed you should consider subscribing to one or more strategy and getting the signals sent to you by email (with full portfolio support).

ASX Price x 20-day MA

Long Confirmation Entry for WOW (Sydney) at AU$27.03

BSE Zignals

New Long Target and Stop for ASOK (Mumbai) at INR69.14 (EoD): Target INR76.34, Stop INR62.46
Long Confirmation Entry for ONGC (Mumbai) at INR1278.8
Long Confirmation Entry for ZEE (Mumbai) at INR297.6

Developing a Strategy

Long Confirmation Entry for IBM (NYSE) at $127.6
Long Entry for CAT (NYSE) at $63.21
Long Unacted Entry for CSCO (Nasdaq) at $22.72 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.

Forex High Winners

Long Confirmation Entry for ZARUSD (FX) at 0.1310
Long Confirmation Entry for AUDUSD (FX) at 0.8530
Long Confirmation Entry for NZDUSD (FX) at 0.6940

Frankfurt High Winners

Long Confirmation Entry for ALV (Frankfurt) at €82.77
Long Confirmation Entry for KRN (Frankfurt) at €41.33
New Long Target and Stop for LEO (Frankfurt) at €18.79 (EoD): Target €20.97, Stop €18.11
Long Confirmation Entry for TKA (Frankfurt) at €21.42
Long Confirmation Entry for AFX (Frankfurt) at €11.28
Long Confirmation Entry for MEOF (Frankfurt) at €42.69
Long Confirmation Entry for BOS (Frankfurt) at €27.03
Long Confirmation Entry for DB1 (Frankfurt) at €51.90
Long Confirmation Entry for SY1 (Frankfurt) at €17.99

Indian Golden Brown

Long Confirmation Entry for GLXO (Mumbai) at INR2184.4
Long Confirmation Entry for ZEE (Mumbai) at INR297.6
Long Confirmation Entry for SBI (Mumbai) at INR2324.6
New Long Target and Stop for ASOK (Mumbai) at INR69.00 (EoD): Target INR76.34, Stop INR62.46

Irish Oak

Short Exit at Trailing Stop for AIB (ISEQ) at €0.96

Relative Canada

Long Entry for CHE.UN (Toronto) at $11.44
Long Confirmation Entry for DCI.UN (Toronto) at $16.43
Long Confirmation Entry for GDI.UN (Toronto) at $6.46

Relative UK

Long Entry for 888 (London) at 39p
Long Unacted Entry for POLR (London) at 92p (EoD): Entry signal given, but exited position on same stock too recently (14) days ago.

Short Trender

Short Exit at Trailing Stop for C (NYSE) at $3.95
Short Exit at Trailing Stop for CAT (NYSE) at $63.08

Tri-Indicator Aussie

Long Entry for WOR (Sydney) at AU$21.54

Tri-Indicator ETFs

Long Exit at Trailing Stop for DXD (NYSE) at $28.64

Tri-Indicator Indian

Indian Long Exit at Profit Target for ABAN (Mumbai) at INR850.1

UK Golden Brown

Long Confirmation Entry for BRK (London) at 767p
Long Unacted Entry for TBK (London) at 526p (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.
Long Entry for CNC (London) at 40p
Long Exit at Trailing Stop for LCG (London) at 128p
Long Confirmation Entry for TEP (London) at 343p

UK High Winners

Long Entry for SFR (London) at 214p
Long Entry for CNC (London) at 40p
Long Unacted Entry for TEP (London) at 343p (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Entry for BRK (London) at 767p
Long Unacted Entry for MPI (London) at 375p (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.
Long Confirmation Entry for TBK (London) at 526p

US High Winners

Long Confirmation Entry for IBM (NYSE) at $127.6
Long Unacted Entry for CAT (NYSE) at $63.21 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
Long Confirmation Entry for CSCO (Nasdaq) at $22.72 (EoD)

Why not start your Zignals Trading Strategy Business with us today? Learn How to promote your Zignals Trading Business with Twitter.

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Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too. Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com. JOIN US TODAY - IT'S FREE!
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FTSE 250 (MIDD) Gaps Higher But Moves Lower

Is this it for the rally? The FTSE 250 ETF (MIDD) is on its sixth day of gains but is showing the characteristics of a rally which has run its course (for now). The gap from 950 looks a good backfill point for early next week. With the market trading well inside its May-June range we will likely see scrappy action for the rest of the summer.

In this market enviornment trending trading strategies can have a rough time with whipsaw trades. Because of the extended gains there were a number of new long entries across the global spectrum of strategies.

One strategy, Tri-Indicator Indian, reported a profit target exit for Aban Offshore DS for a 22.5% gain. One of our members, Shrishreya, has a trading idea for Aban Offshore for a move to 1,400 (stop listed at 655, called at 752.65).



ASX Price x 20-day MA

Long Confirmation Entry for WOW (Sydney) at AU$27.03

BSE Zignals

New Long Target and Stop for ASOK (Mumbai) at INR69.14 (EoD): Target INR76.34, Stop INR62.46
Long Confirmation Entry for ONGC (Mumbai) at INR1278.8
Long Confirmation Entry for ZEE (Mumbai) at INR297.6

Developing a Strategy

Long Confirmation Entry for IBM (NYSE) at $127.6
Long Entry for CAT (NYSE) at $63.21
Long Unacted Entry for CSCO (Nasdaq) at $22.72 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.

Forex High Winners

Long Confirmation Entry for ZARUSD (FX) at 0.1310
Long Confirmation Entry for AUDUSD (FX) at 0.8530
Long Confirmation Entry for NZDUSD (FX) at 0.6940

Frankfurt High Winners

Long Confirmation Entry for ALV (Frankfurt) at €82.77
Long Confirmation Entry for KRN (Frankfurt) at €41.33
New Long Target and Stop for LEO (Frankfurt) at €18.79 (EoD): Target €20.97, Stop €18.11
Long Confirmation Entry for TKA (Frankfurt) at €21.42
Long Confirmation Entry for AFX (Frankfurt) at €11.28
Long Confirmation Entry for MEOF (Frankfurt) at €42.69
Long Confirmation Entry for BOS (Frankfurt) at €27.03
Long Confirmation Entry for DB1 (Frankfurt) at €51.90
Long Confirmation Entry for SY1 (Frankfurt) at €17.99

Indian High Winners

Long Confirmation Entry for GLXO (Mumbai) at INR2184.4
Long Confirmation Entry for SBI (Mumbai) at INR2324.6
New Long Target and Stop for ASOK (Mumbai) at INR69.00 (EoD): Target INR76.34, Stop INR65.93
Long Confirmation Entry for ZEE (Mumbai) at INR297.6
Long Confirmation Entry for DLFL (Mumbai) at INR283.6

Irish Oak

Short Exit at Trailing Stop for AIB (ISEQ) at €0.96

Relative Canada

Long Entry for CHE.UN (Toronto) at $11.44
Long Confirmation Entry for DCI.UN (Toronto) at $16.43
Long Confirmation Entry for GDI.UN (Toronto) at $6.46

Relative UK

Long Entry for 888 (London) at 39p
Long Unacted Entry for POLR (London) at 92p (EoD): Entry signal given, but exited position on same stock too recently (14) days ago.

Short Trender

Short Exit at Trailing Stop for C (NYSE) at $3.95
Short Exit at Trailing Stop for CAT (NYSE) at $63.08

Tri-Indicator Aussie

Aussie Long Entry for WOR (Sydney) at AU$21.54

Tri-Indicator ETFs

Long Exit at Trailing Stop for DXD (NYSE) at $28.64

Tri-Indicator Indian

Long Exit at Profit Target for ABAN (Mumbai) at INR850.1

UK Golden Brown

Long Confirmation Entry for BRK (London) at 767p
Long Unacted Entry for TBK (London) at 526p (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.
Long Entry for CNC (London) at 40p (EoD)
Long Exit at Trailing Stop for LCG (London) at 128p
Long Confirmation Entry for TEP (London) at 343p

UK High Winners

Long Entry for SFR (London) at 214p
Long Entry for CNC (London) at 40p
Long Unacted Entry for TEP (London) at 343p (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Entry for BRK (London) at 767p
Long Unacted Entry for MPI (London) at 375p (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.
Long Confirmation Entry for TBK (London) at 526p

US High Winners

Long Confirmation Entry for IBM (NYSE) at $127.6
Long Unacted Entry for CAT (NYSE) at $63.21 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
Long Confirmation Entry for CSCO (Nasdaq) at $22.72

Why not start your Zignals Trading Strategy Business with us today? Learn How to promote your Zignals Trading Business with Twitter.

Follow us on twitter here How to Get Started with Zignals

Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too.

Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com. JOIN US TODAY - IT'S FREE!
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FTSE 250 (MIDD) Continues to Advance

On the fifth day of its advance the FTSE 250 ETF (MIDD) is experiencing some headwinds above 960. While it may struggle to maintain recent form there should be a measure of demand between 920-930 on the next move lower. Until MIDD cracks above 1,000 there isn't a whole lot of resistance to work off and trading range behaviour is again the order of the day; support at 905 (885 for the tail spike) and resistance at 1,025.

For my sample trading strategies it was a relatively even spread of trading signals across strategies; a mix of new long and confirmation entries of currently held positions. The ETF based strategies with their mix of (ultra) long/short candidates experienced some stop hits.

BSE Zignals

Long Confirmation Entry for SBI (Mumbai) at INR2317.6

Developing a Strategy

Long Confirmation Entry for C (NYSE) at $3.83
Long Unacted Entry for JPM (NYSE) at $36.71 (EoD): Entry signal given, but exited position on same stock too recently (3) days ago.
Long Confirmation Entry for KO (NYSE) at $50.64

ETF Kauto Star

Long Exit at Trailing Stop for SDS (NYSE) at $35.37
Long Exit at Trailing Stop for QID (NYSE) at $19.07

ETFs Oak

Short Exit at Trailing Stop for QLD (NYSE) at $53.28

Frankfurt High Winners

New Long Target and Stop for DTE (Frankfurt) at €9.91 (EoD): Target €10.94, Stop €9.45
Long Entry for SAP (Frankfurt) at €36.49

India Oak

Short Entry for CRGR (Mumbai) at INR254.0
Short Entry for DLFL (Mumbai) at INR281.6
Short Confirmation Entry for KOTAK (Mumbai) at INR770.5
Short Exit at Trailing Stop for WRWDT (Mumbai) at INR1385.7

Irish Oak

New Short Target and Stop for CRG (ISEQ) at €16.25 (EoD): Target €13.86, Stop €16.94

My First Subscribed Strategy

Long Entry for SBUX (Nasdaq) at $23.71
Long Unacted Entry for GOOG (Nasdaq) at $439.2 (EoD): Entry signal given, but exited position on same stock too recently (11) days ago.
Long Entry for BA (NYSE) at $61.60

Relative Canada

Long Entry for BDT.UN (Toronto) at $30.21
Long Unacted Entry for BAD.UN (Toronto) at $13.33 (EoD): Entry signal given, but exited position on same stock too recently (11) days ago.
Long Confirmation Entry for PKI.UN (Toronto) at $10.57

Relative US Dividend

Long Entry for PTNR (Nasdaq) at $15.27

Tri-Indicator ETFs

Long Entry for QLD (NYSE) at $50.71
Long Unacted Entry for SSO (NYSE) at $32.27 (EoD): Entry signal given, but exited position on same stock too recently (11) days ago.
Long Entry for DDM (NYSE) at $38.40

Tri-Indicator Forex

Long Entry for CADUSD (FX) at 0.9420

Tri-Indicator Frankfurt

Long Entry for PRAF (Frankfurt) at €5.55
Frankfurt Long Entry for PUM (Frankfurt) at €215.4

Tri-Indicator Irish

Long Exit at Stop for CRG (ISEQ) at €15.84

Tri-Indicator US

Long Entry for CSCO (Nasdaq) at $21.60
Long Entry for AAPL (Nasdaq) at $251.1
Long Entry for DIS (NYSE) at $31.79
US Long Entry for HPQ (NYSE) at $43.32

UK High Winners

Long Confirmation Entry for TIK (London) at 171p
Long Unacted Entry for FDSA (London) at 1333p (EoD): Entry signal given, but exited position on same stock too recently (4) days ago.

UK Tempest

Long Confirmation Entry for VOD (London) at 139p
Long Entry for BARC (London) at 271p

US High Winners

Long Entry for C (NYSE) at $3.83
Long Confirmation Entry for JPM (NYSE) at $36.71
Long Confirmation Entry for KO (NYSE) at $50.64

Why not start your Zignals Trading Strategy Business with us today? Learn How to promote your Zignals Trading Business with Twitter.

Follow us on twitter here How to Get Started with Zignals

Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too. Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com. JOIN US TODAY - IT'S FREE!
Read more!