RiverTrend Trades

Current Postion - FLAT


Longs were exited today for a nice profit. Trend remains up so we will look to reset longs on a push into River which comes in today at 1.4229. Target for the trade comes in at 1.4336 at 107 pips.


http://www.rivertheory.com/storage/r...SD10262007.PNG

Current Position - Flat


Longs should have exited today on the surge through 2.0531. The target objective was achieved and traders should continue to exit longs ahead of the 2.0531 level. The trend remains up so we will look for a long entry on a push into River which comes in at the 2.0436 level today. Target for the long trade is currently 2.0531. An opportunity of 95 pips.


http://www.rivertheory.com/storage/r...SD10262007.PNG

Aggressive Traders may be able to look to begin to build shorts early next week. Look to scale in slowly obviously. We will look for the session flow to turn down toward River and setup accordingly with a target at River which currently comes in around 1.4266.

CAUTION - This is a countertrend trade for experienced traders only.

http://www.rivertheory.com/storage/r...07%20-1200.PNG

Dear DRT,

this is getting more than puzzling and somehow hard to follow. I know what you are capable of doing and after your return to FF you have witnessed that there are a handful of people who just turned inside out with joy to see you back.
Then you moved the postings into the trading room, probably to avoid the questions and interpretations of those who were willing to follow you once more. This is not really a display of fairness, but it saves time and so this is still on the fringes of "alright".
But now you have disappeared without a trace again! This might be not the way you and I are supposed to treat the people on FF willing to learn and needing some guidance. In many newbies there is a hidden good trader, in even more there is just nothing. Our effort should be to let them be able to find out to which group they belong in the end.
Your value theory trades are a nice break-up with the common rules of TA we find all over this place. Luring people into that concept and then leaving them with the diper half closed is really unfair - doing the same thing several times is unworthy!
In your own concept this would be the lowest ebb-tide on the pair guidance/fairness I have seen. The River is dry ... not even a Wadi any longer. Which is a shame. It would be good to see you come around with a sound concept and the stamina to keep it alive!

Greetings!
Gnat