"Great minds discuss Ideas,
Average minds discuss Events,
Small minds discuss People."

Hyman Rickover

The Euro has been rallying! Oh really? You only have to look back at work and you'll see exactly why TMS can now say we told you so.

We didn't stop banging on about an upside move which would emerge pretty much at the same pace in which the downside had occurred.

The following chart was produced on 13th June 2010:

With it we stated how the green structural trend line needed to hold so that we can see the blue intersecting line once again.

13th June 2010:

Again for the Euro we've used a weekly chart as the short term direction has been clear recently. However the green line shows how we could be in a bottom making phase, in which a lower low could occur but the formation of bottom making, could still stick. It's important for the market to regain 126 as that would make the Euro overall bullish in which a sharp oversold move would take us back to the 135 level! The blue line has been hit frequently over the past three years and TMS feels we haven't seen the last of it yet.

Of course the green support line must hold otherwise vacuum opens up, in which we would travel straight to 113 and if that folds then for sure you'll see 1:1 to the dollar.

So when we are virtually sitting near the blue intersect line and have surged upwards as we stated on many previous occasions, does this mean it is wrong to trade against the trend?

The Euro has moved up strongly but can we make moves by shorting against the trend?

Catching the Counter trend Action!

We illustrated how members have benefited from the TMS system signals as the system triggered sell signals that were exited on Friday. So if the Euro's been rallying then how is TMS making gains from the downside:

30th July 2010

"The small green circle was the first entry at 13030 and the second green circle was the second system entry at 131. Did we really require a move to the bottom of the red channel for an exit? No as the TMS system exited at 13010 providing a total gain of 110 points for the Euro on Friday."

A gain of 110 pips/points with one standard lot for each of the two signal entries would have equated to $1100! A further 50pips were also gained by a TMS system short on the Sterling which has also been surging upwards!

02 August 2010

Fair enough the analysis from tradingmarketsignals.com is widely viewed from the global audience but it is ONLY our private members who obtain maximum benefit from our work on the financial markets.

On 30 July 2010 we gained 110 points from the Euro after which the Euro later turned around from our system exits. The Euro rallied further for first few days of this week and this is how we dealt with the upside!

Our TMS system went against the trend again and fired sell signals:

The yellow star was the TMS system short exit at 13010 from Fridays action!
On Monday the TMS system fired a sell signal at 13170 an hour after the U.S. open.
On Tuesday the TMS system fired a sell signal at 13214 45 minutes after the European open.
On Wednesday the TMS system exited both signals at 13133 1hour 20minutes after the U.S. open.
The total points gained were +118!
A gain of 118 pips/points with one standard lot for each of the two signal entries would have equated to $1180!

So there you have it, trading against the overall trend is possible and can be highly rewarding if you know when, why and where to trigger your mouse!

To obtain analysis of this kind with TMS system signals that produce REAL market moves, it would probably be wise to look at the link for membership below in which you can join the TMS private member community at $225 for 12 months.

At TMS we have just opened our live trading room where the signals are not just for the position style suitors but also for the intraday and short term traders! In the last few months we were issuing short term and intraday signals and with the success we have demonstrated it was apparent that TMS needed a live trading room!

This is a chance to come on board and obtain our TMS system signals for Dow Jones, GBP.USD, EUR.USD, FTSE100 & Crude Oil: Membership offer ends after the U.S. market closes on the 4th August 2010: http://tradingmarketsignals.com/#/tms-annual-membership-offer/4542738012