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Attachments: Short-Term Reversal Levels (STRL's)
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Short-Term Reversal Levels (STRL's)

  • #101
  • Jul 6, 2007 12:03pm Jul 6, 2007 12:03pm
Quoting Aspen Trading
NOTE: with the NFP report out tomorrow there may be some sharp price movements. Many times with volatile, emotion driven markets, the STRL's are less effective - just be aware.

STRL's will now be posted in this forum on Monday's & Wednesday's between 2:30-3:00 PM PDT (21:30-22:00 GMT). Here is the link. If you want them everyday they are available via subscription.

STRL's - valid through 7/6 at 21:00 GMT -

Video tutorial on how to integrate in the STRL's to your trading


Dave
Hope folks took advantage of some decent reversal off today's levels -

NZD/USD - nailed top for 45 pip reversal thus far
EUR/USD - first STRL held and prices have backed off modestly
GBP/USD - nailed the low at 2.0067 for a 40 pip reversal

The others were less effective, however, these should never be used as stand-alone signals. Combine them with other analysis techniques and overbought/oversold indicators.

Dave
  • #102
  • Jul 7, 2007 10:52am Jul 7, 2007 10:52am
Folks,

A decent day overall for the STRL's (see link in previous posting for all the reversal levels), however, three pairs stood out as ones that offered intra-day traders solid reversal trades.

Naturally, STRL's are not designed as a stand-alone indicator, but when used in conjunction with simple overbought/oversold indicators, they become even more effective. Feel free to overlay your own analysis techniques in conjuction with the STRL's.

The screenshots below are from eSignal, we can provide the script to have these levels automatically drawn on your eSignal charts each day (by subscription)

Dave
Attached Images
  • #103
  • Jul 7, 2007 10:53am Jul 7, 2007 10:53am
Quoting Aspen Trading
Folks,

A decent day overall for the STRL's (see link in previous posting for all the reversal levels), however, three pairs stood out as ones that offered intra-day traders solid reversal trades.

Naturally, STRL's are not designed as a stand-alone indicator, but when used in conjunction with simple overbought/oversold indicators, they become even more effective. Feel free to overlay your own analysis techniques in conjuction with the STRL's.

The screenshots below are from eSignal, we can provide the script to have these levels automatically drawn on your eSignal charts each day (by subscription)

Dave
and this one......
Attached Image
  • #104
  • Jul 11, 2007 4:06pm Jul 11, 2007 4:06pm
STRL's will now be posted in this forum on Monday's & Wednesday's between 2:30-3:00 PM PDT (21:30-22:00 GMT). Here is the link. If you want them everyday they are available via subscription.

STRL's - valid through 7/12 at 21:00 GMT -

Video tutorial on how to integrate in the STRL's to your trading


Dave
  • #105
  • Jul 16, 2007 4:10pm Jul 16, 2007 4:10pm
STRL's will now be posted in this forum on Monday's & Wednesday's between 2:30-3:00 PM PDT (21:30-22:00 GMT). Here is the link. If you want them everyday they are available via subscription.

STRL's - valid through 7/17 at 21:00 GMT -

Video tutorial on how to integrate in the STRL's to your trading


Dave
  • #106
  • Edited 4:58pm Jul 18, 2007 4:58pm | Edited 4:58pm
STRL's will now be posted in this forum on Monday's & Wednesday's between 2:30-3:00 PM PDT (21:30-22:00 GMT). Here is the link. If you want them everyday they are available via subscription.

STRL's - valid through 7/19 at 21:00 GMT -

Video tutorial on how to integrate in the STRL's to your trading


Dave
  • #107
  • Jul 19, 2007 5:32pm Jul 19, 2007 5:32pm
Quoting Aspen Trading
STRL's will now be posted in this forum on Monday's & Wednesday's between 2:30-3:00 PM PDT (21:30-22:00 GMT). Here is the link. If you want them everyday they are available via subscription.

STRL's - valid through 7/19 at 21:00 GMT -

Video tutorial on how to integrate in the STRL's to your trading


Dave
Folks,

Pretty effective STRL's from yesterday afternoon - note the following:

EUR/USD - high of the session and modest price reversal of 1st STRL
GBP/USD - low of session at 1st STRL support level
USD/CHF - low of session at 1st STRL support level
EUR/JPY - nice reversal lower off the 1st STRL resistance level for roughly 30 pips

If you are a short-term trader and not using these each and every day, you are missing a key tool for your trading. I will have some performance metrics to share with you in the next week or so so you have some concrete data as to how they perform.

Dave
  • #108
  • Last Post: Jul 31, 2007 9:24pm Jul 31, 2007 9:24pm
Just a note, I will not be providing the STRL's any longer on Monday's and Wednesday's - they are now part of the research I provide to clients on a subscription basis only.

Thanks,

Dave
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