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Trade the Curve

  • #141
  • May 25, 2008 2:16pm May 25, 2008 2:16pm
DRT,

It would be helpful it you could post the UJ chart even on this thread rather than trying to find it at the uj thread. just an idea,

cheers,

tennisguy
  • #142
  • May 25, 2008 4:10pm May 25, 2008 4:10pm
I am working on a better way to organize this. Bear with me for a while.
  • #143
  • May 25, 2008 4:26pm May 25, 2008 4:26pm
Hi DownRiver,
Hi how are you?Could you please comment on NZD/USD pair , if you have done analysis already? NZD trade blance due 6.30 EST today....
Thank you in advance
BANDA333
  • #144
  • May 25, 2008 5:15pm May 25, 2008 5:15pm
This pair is building value at the critical ADV level of 7860. The next major directional move will likely come from this level. It appears the monthly distribution needs to balance between 7860 and 7686 so my bias would be short while trading below ADV at 7860.

Look to set shorts near 7860. Target 7773. I would cover here and observe. I see we have moved up strongly from the monthly longest line and if the 7860 level becomes the new longest line then we will likely move back up to ADV.

On the upside...if price settles above 7860 and builds value then set longs up to 7927.

Hope this gives you some ideas.

http://www.morrisfunds.com/storage/f...rve/nzdusd.PNG
  • #145
  • May 25, 2008 5:28pm May 25, 2008 5:28pm
Quoting DownRiverTrader
This pair is building value at the critical ADV level of 7860. The next major directional move will likely come from this level. It appears the monthly distribution needs to balance between 7860 and 7686 so my bias would be short while trading below ADV at 7860.

Look to set shorts near 7860. Target 7773. I would cover here and observe. I see we have moved up strongly from the monthly longest line and if the 7860 level becomes the new longest line then we will likely move back up to ADV.

On the upside...if price settles above 7860 and builds value then set longs up to 7927.

Hope this gives you some ideas.

http://www.morrisfunds.com/storage/f...rve/nzdusd.PNG
What do you expect eurusd to do today and tomorrow? Are you still holding long? Looking like it might retrace to lower level.
Expected the unexpected
  • #146
  • May 25, 2008 5:30pm May 25, 2008 5:30pm
DRT,
Thank you very much. Your insight is very helpful.
Thank you!
BANDA333
  • #147
  • May 25, 2008 8:56pm May 25, 2008 8:56pm
DRT, I noticed that the Value Areas for EURUSD which you just posted are not within the range of May 2008 eg +2 is 1.5923; are you using the values for the month Apr 08 or is it a combined value of Apr and May (just guessing)?

ronaldo
  • #148
  • May 26, 2008 3:11am May 26, 2008 3:11am
HI DTR, Do you mind to comment on EURGBP please? thanks
  • #149
  • May 26, 2008 6:07am May 26, 2008 6:07am
It is a combined value of more than two months. Try combining the longest lines from several months preceding.

Quoting ronaldosim
DRT, I noticed that the Value Areas for EURUSD which you just posted are not within the range of May 2008 eg +2 is 1.5923; are you using the values for the month Apr 08 or is it a combined value of Apr and May (just guessing)?

ronaldo
  • #150
  • May 26, 2008 6:33am May 26, 2008 6:33am
Quoting ah_nen
HI DTR, Do you mind to comment on EURGBP please? thanks

No problem. Sorry I was not up as early as you today.

We can clearly see the longest line for this month at 7950. Recently this cross has moved up through ADV at 7928 and tested the Supply at [+2]. At this point the supply moved price back down to test ADV. The ADV level of 7928 held which is very bullish at this point. I would look for longs here.

The market is currently building value or range trading between 7981 and 7928. If we look at the longest line it is very well developed which tells is that a move is imminent. A move out of ADV may lead to the next major directional move in this cross.

I would look to set longs if the market gives you an approach toward 7928. Target 7981 then 8033. This would be wrong if we begin to build value under ADV on a daily basis. If this occurs exit longs.

Since we are currently well above ADV, the next scenario would be a move above 7981 Supply [+1]. Once above look to set longs to 8033.

If I am wrong on this and we move below ADV, post another message about it and I will look at the short side.



http://www.morrisfunds.com/storage/a...05.26.2008.PNG


http://www.morrisfunds.com/storage/a...05.26.2008.PNG
  • #151
  • May 26, 2008 6:44am May 26, 2008 6:44am
Good morning eveyone....

I just wanted to remind all of you that you should take any of my comments with great caution. DRT is not licensed or registered to give trading advice. Trading Forex is very risky and the odds are that you could lose all of your capital. You should use the comments here for educational purposes to supplement your own thoughts or the advice of a professional.

With that said I enjoy helping so ask if you need some second opinions on your favorite pair.
  • #152
  • May 26, 2008 7:11am May 26, 2008 7:11am
Quoting DownRiverTrader
Good morning eveyone....

I just wanted to remind all of you that you should take any of my comments with great caution. DRT is not licensed or registered to give trading advice. Trading Forex is very risky and the odds are that you could lose all of your capital. You should use the comments here for educational purposes to supplement your own thoughts or the advice of a professional.

With that said I enjoy helping so ask if you need some second opinions on your favorite pair.
Do you see there are a lot of signs of eurusd going down today?
Expected the unexpected
  • #153
  • May 26, 2008 7:27am May 26, 2008 7:27am
Quoting DownRiverTrader
No problem.
there's no need to apologize at all. i am grateful enough to receive response from you.

thanks DRT
  • #154
  • May 26, 2008 7:47am May 26, 2008 7:47am
Quoting scyang
Do you see there are a lot of signs of eurusd going down today?

When you say today, I am assuming you mean for the rest of the North American sesion. If so, I would say "NO". It is a US Holiday and our markets are closed. Volume is almost non-existent. I would guess we will end the day almost where we started.
  • #155
  • May 26, 2008 8:00am May 26, 2008 8:00am
Quoting DownRiverTrader
When you say today, I am assuming you mean for the rest of the North American sesion. If so, I would say "NO". It is a US Holiday and our markets are closed. Volume is almost non-existent. I would guess we will end the day almost where we started.
Then what do you expect will happen when the Asia markets open up at night?
Expected the unexpected
  • #156
  • May 26, 2008 8:01am May 26, 2008 8:01am
It's just weird. I keep seeing evening stars, but the price doesn't really go down much. Just ranging. Is it because of thin volume that obscures things?
Expected the unexpected
  • #157
  • May 26, 2008 8:03am May 26, 2008 8:03am
Quoting DownRiverTrader
When you say today, I am assuming you mean for the rest of the North American sesion. If so, I would say "NO". It is a US Holiday and our markets are closed. Volume is almost non-existent. I would guess we will end the day almost where we started.
Hi DRT, you are very helpful, I learn a lot with you. I'm sure many traders follow your threads.
Do you have time to analyse USD/CAD?

Thank you very much.
  • #158
  • May 26, 2008 8:27am May 26, 2008 8:27am
Quoting mirdaniel
Hi DRT, you are very helpful, I learn a lot with you. I'm sure many traders follow your threads.
Do you have time to analyse USD/CAD?

Thank you very much.

mirdaniel - I have started a new thread that is a little more on topic with your request. Can you please repost your question here.

The thread can be found by click the link in my signature below
  • #159
  • Jun 3, 2008 4:26pm Jun 3, 2008 4:26pm
Hi DRT

Am enjoying your threads.

I have tried downloading your ELD on page 1, but once I've imported it into TS , I cant then find it listed under "activity bar/indicators/ etc.

So.. I tried the "Price Distribution" listed in "Activity Bar" but cant seem to get it looking/working right.
(I am pretty new to TS so I could be doing something wrong!)


- Please may I ask what "inputs..data settings" etc you use when "formatting" the Analysis technique on the Monthly chart

Many Thanks
  • #160
  • Jun 4, 2008 6:27am Jun 4, 2008 6:27am
Hmm, strange. I am using build 1631. Attached again.

Inputs:

200
false
darkgray (whatever you want)
1
2

style - uncheck display cell

data settings - intraday 30min

make sure your days back are set to 200 or so if you want to view several months
Attached File(s)
File Type: eld DRT PRICE DISTRIBUTION.ELD   7 KB | 487 downloads
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