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  • #341
  • Jun 4, 2008 7:22am Jun 4, 2008 7:22am
ok, thanks for the info on the flushing!!

thanks for the other info on other pairs, it just seemed a bit of a correlation thet the dollar weakened in both at the same time, but then again, if the dollar weakens, the dollar weakens.
  • #342
  • Jun 4, 2008 8:57am Jun 4, 2008 8:57am
Quote
THIS IS VERY IMPORTANT – You should “expect” price to return to these positioning levels in the European or NA session the following day. Of course, this does not always happen and when it does not happen this is a sign of extreme supply and demand at the positioning level. This level is likely to drive directional flow for the next several sessions. If price runs up/down substantially in the afternoon in the US, I will frequently take the profit and wait to reposition at the new level the next day in the direction of your intended target. I am not saying you have to do it this way. There will be times when price will never give you a better entry so how you do it is up to you. What you should do is use the new positioning level as a guide for risk though and monitor it very carefully. Hopefully, you will get a feel for this as you watch this method. It really depends on your style and acceptable risk. I would like to point out that if a TARGET level is hit during the off sessions I will almost always take the money. I will leave orders in while I get some sleep for this.


Again, just point this out as the E/U and the U/J have pulled back prior to the data. This should re-affirm your faith in these levels as you continue to see it.
  • #343
  • Jun 4, 2008 4:43pm Jun 4, 2008 4:43pm
EURUSD

Long Target – 1.5877
Positioning Level – 1.5445
Short Target – 1.5285

http://www.askdrt.org/storage/ask-dr...206.5.2008.jpg
  • #344
  • Jun 4, 2008 4:43pm Jun 4, 2008 4:43pm
GBPUSD

Long Target 2 – 1.9759
Long Target 1 - 1.9662
Positioning Level – 1.9534
Short Target – 1.9486

http://www.askdrt.org/storage/ask-dr...202.5.2008.jpg
  • #345
  • Edited 9:53pm Jun 4, 2008 7:26pm | Edited 9:53pm
DRT,

Would you also post the new chart for USDJPY today?


Trader8686

Oh, never mind, I found it here:
http://www.forexfactory.com/news.php...21#post2037621
Thanks.
  • #346
  • Edited Jun 5, 2008 6:49am Jun 4, 2008 9:57pm | Edited Jun 5, 2008 6:49am
DRT,

The positioning level on USDJPY pair chart (6.5.2008) on :
http://www.forexfactory.com/news.php...21#post2037621

Can it be still at 105.52? (Just thought it looks like)

Trader8686

Prices far and streightly passed 105.52, this morning. So it is not the level I thought.
Thanks, anyway.
  • #347
  • Jun 5, 2008 6:52am Jun 5, 2008 6:52am
Not sure what happen with this, I did post it. Sorry.

Update 6.5.2008

USDJPY

Long Target – 107.65


Positioning Level – 105.02

Short Target – 103.46

http://www.askdrt.org/storage/ask-dr...206.5.2008.jpg
  • #348
  • Jun 5, 2008 7:44am Jun 5, 2008 7:44am
thanks drt, looks like we are well above 106 level with the latest data and the hawkishnesh from bernanke about inflation. any sign of a little pullback before we hit the 107 number???

any sign that the usd/chf will not follow the yen up????
  • #349
  • Jun 5, 2008 8:21am Jun 5, 2008 8:21am
I would look for the 106.28 area to hold and/or reverse the direction down. A move down will encounter major buying at 105.48. Thru this level and it is down to 105.

CHF - Move down will see major buying on a push below 104.17 area. May push back up to 1.0489 area. If it goes down thur 104.17 then the next stop is 1.0366
  • #350
  • Jun 5, 2008 8:51am Jun 5, 2008 8:51am
Hi DRT,

Can I have your opinion on EURJPY ? thanks
  • #351
  • Jun 5, 2008 9:02am Jun 5, 2008 9:02am
Quoting ah_nen
Hi DRT,

Can I have your opinion on EURJPY ? thanks
For the remainder of today's session I would target....

166.18

If it does pullback look for 164.28 level to hold.
  • #352
  • Jun 5, 2008 9:07am Jun 5, 2008 9:07am
Trading the U/J is just like trading the S&P 500 anymore. Maybe they will change it to an equity index instead of a currency.
  • #353
  • Jun 5, 2008 9:18am Jun 5, 2008 9:18am
I am going to begin posting my price distribution analysis in the News>Technical Analysis Section on the home page of the site for any of you who are interested in this. If you like it, please vote for its uselfulness in the poll so that I get a feel for its relevance for traders here.

I posted the EURUSD this morning and I am going to add cable and yen starting tommorrow.
  • #354
  • Jun 5, 2008 9:44am Jun 5, 2008 9:44am
DRT
Thanks u for great analysis, You have my vote !!!!!
Zuzia 9
  • #355
  • Jun 5, 2008 11:20am Jun 5, 2008 11:20am
Quoting DownRiverTrader
I am going to begin posting my price distribution analysis in the News>Technical Analysis Section on the home page of the site for any of you who are interested in this. If you like it, please vote for its uselfulness in the poll so that I get a feel for its relevance for traders here.

I posted the EURUSD this morning and I am going to add cable and yen starting tommorrow.
You have my vote and may I also ask everyone else to vote for the news usefullness when it is posted to the News>Technical Analysis Section .
Humble Lifetime Member
  • #356
  • Jun 5, 2008 11:35am Jun 5, 2008 11:35am
DItto. You got my vote as well
learning a lot from this thread
News>Technical Analysis Section
  • #357
  • Jun 5, 2008 12:14pm Jun 5, 2008 12:14pm
DRT,

you have my vote. (you don't need it but hey you have it anyway).

TG
  • #358
  • Jun 5, 2008 12:32pm Jun 5, 2008 12:32pm
Ok, I thought it's useful, too.
But, tell me how to vote?
  • #359
  • Jun 5, 2008 12:42pm Jun 5, 2008 12:42pm
Quoting DownRiverTrader
I am going to begin posting my price distribution analysis in the News>Technical Analysis Section on the home page of the site for any of you who are interested in this. If you like it, please vote for its uselfulness in the poll so that I get a feel for its relevance for traders here.

I posted the EURUSD this morning and I am going to add cable and yen starting tommorrow.
drt thanks alot I was just going to ask you if you worked up any monthly charts as it helps in the big picture.
I'll fill the voting box.
  • #360
  • Jun 5, 2008 2:36pm Jun 5, 2008 2:36pm
Hello DRT,

Your prediction is coming true for the euro with a target of 1.65. It came with the help of Trichet and the prospect of a rate hike next month. Did you read in your charts that a rate hike is coming (LOL).

TG
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