Our Direction...
Our direction is the markets path...
In our update for all major markets the scenarios for all were virtually the same;
'The fine line verdict is simple: Snap and fold or hold and rally!'
In respect to our members we couldn't state the TMS system signals that were applicable in relation to the charts that were provided.
Tradingmarketsignals.com enjoyed another great day on Tuesday along with its members. The TMS system closed buy signals for the Dow Jones at 10451 & buy signals for the FTSE100 at 5347.
The total for both markets amounted to 380 points! That's a massive 886 points for the month of August so far! Our system is still currently active within the markets with signals for Crude Oil, GBP.USD, EUR.USD & the DAX still open in which Wednesday isn't looking to bad either. No doubt the system will be firing more entries & exits for the remainder of the week!
Dow Jones Update
Below is an updated four hour chart for the Dow Jones: As stated above our TMS system was long the Dow Jones for a number of reasons along with the obvious support factors shown in the chart below by the blue intersecting support lines.
The market then went on to rally above our red target line and above that the system was out at 10451.
Where next for the Dow Jones?
In relation to the chart above the markets is in virtually no man's land in terms of confirmation. The intersecting slanting green line and the blue support line below it are both parallel to one another. Although this won't be apparent to many but from an advanced technical analysis perspective this is a channel in which the price of the Dow Jones is now moving. Recognising this type of pattern allows the trader to stand aside whilst the tedious sideways action occurs. Since last Wednesday's decline the market has simply not done a lot. At this stage, the patient consistent trader would be short below the blue line of the channel and long above the green line of the channel. Tradingmarketsignals.com would like to state that the next major move will occur above or below the channel. At this stage we're not speculating which way this will occur as simply patience is required. If however our TMS system fires a signal before the market breaches any of the channel lines we will be happy to accept the trigger.
The Current verdict is simple:
Let the Channel decide...
My name is Ajit Singh and my work with the financial markets started from the young age of 17! We are www.tradingmarketsignals.com and so far in August our TMS system has gained 512 points from five major markets: Dow Jones, Euro, Sterling, FTSE100 & Crude Oil.
www.tradingmarketsignals.com -Membership Special: Please note TMS has an annual membership special which is open until the end of August 2010. Our membership offer will be extended until the 22nd of August with a special $40 off our annual subscription.
http://tradingmarketsignals.com/#/tms-annual-membership-offer/4542738012
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