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Price Distribution Analysis - 6.12.2008 - MAJORS
[IMG]http://www.askdrt.org/storage/website-images/webphoto1.jpg[/IMG] Hello everyone. From this point forward, I am going to post analysis that lends itself to position trading for more than one day. Time is not the factor, rather the movement of price from level to level. My positioning and target levels are dynamic and adapts as the distribution changes so the targets and risk areas may change from day to day. Most likely there will be little change in the levels unless we have a very high volume session with large moves in price. Let me know if this is useful for you by voting in the poll on the left. I have added the Swiss Franc to the comments and have also attached a Price Distribution Analysis (PDA) Guide for reference. [B][U]EURUSD[/U][/B] Traders should have captured all of the move up today using yesterday's analysis. My bias for this pair is an aggressive move lower as long as we continue to build value below Dynamic Balance at 1.5613. Traders can now look to set shorts for a move to 1.5409 and down to 1.5307 currently. Risk on this trade is that we move above 1.5613 and build value. If this occurs, cover shorts and we will look to set longs. [IMG]http://www.askdrt.org/storage/ff-pda-column/eurusd/eurusd%206.12.2008.jpg[/IMG] [B][U]GBPUSD[/U][/B] Traders can now set short positions at current levels or better up to Dynamic Balance at 1.9717 preparing for a move down to 1.9525 and then 1.9330. Risk on this trade is any move above 1.9717 where we build value. If this occurs, we will look to establish long positions. [IMG]http://www.askdrt.org/storage/ff-pda-column/gbpusd/gbpusd%206.12.2008.jpg[/IMG] [B][U]USDJPY[/U][/B] Traders can now look to set longs at current levels ahead of 106.43 for a move to 108.27 and possibly 109.73. Risk for this trade is any move down through 106.15 where we remain below this level and build value. If this occurs, exit longs and we will look to set up short. [IMG]http://www.askdrt.org/storage/ff-pda-column/usdjpy/usdjpy%206.12.2008.jpg[/IMG] [B][U]USDCHF[/U][/B] I think the Swiss Franc is preparing for a major directional move. We have met our downside objective in the current distribution and it is an ideal time to establish positions. Traders can look to set longs at the current level of 1.0314 or better preparing for a move to 1.0484 and currently on to 1.0556. Risk is that we do not overtake the remaining supply currently at the 1.0349 level. [IMG]http://www.askdrt.org/storage/ff-pda-column/usdchf/usdchf%206.12.2008.jpg[/IMG]
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