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

  • #1
  • First Post: Edited 4:22pm Feb 5, 2007 4:22pm | Edited 4:22pm
The levels below are valid through 2 PM PDT (22:00 GMT) on Tuesday - ideally, draw them on your charts so you can be aware of them. They are technical levels that I calculate (not fibs or pivots) that will identify areas that have a high probability of halting & reversing price action, or at the least slowing the velocity of the trend. I will post them here each day for the next couple of weeks.

Naturally, the STRL's do not work in isolation, they are best used in conjunction with other analysis techniques that help identifiy overbought/oversold conditions.

Regards,

Dave
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  • #2
  • Feb 5, 2007 5:59pm Feb 5, 2007 5:59pm
Quoting Aspen Trading Group
The levels below are valid through 2 PM PDT (22:00 GMT) on Tuesday - ideally, draw them on your charts so you can be aware of them. They are technical levels that I calculate (not fibs or pivots) that will identify areas that have a high probability of halting & reversing price action, or at the least slowing the velocity of the trend. I will post them here each day for the next couple of weeks.

Naturally, the STRL's do not work in isolation, they are best used in conjunction with other analysis techniques that help identifiy overbought/oversold conditions.

Regards,

Dave

Do you mind sharing how you got those levels. Is it with a formula or another way
  • #3
  • Feb 5, 2007 8:23pm Feb 5, 2007 8:23pm
Quoting PipJunkie
Do you mind sharing how you got those levels. Is it with a formula or another way
Pip,

I use a combination of formula and some technical analysis.

Dave
  • #4
  • Feb 5, 2007 10:27pm Feb 5, 2007 10:27pm
Can you tell what the formula you used to get these support and resistance levels?
  • #5
  • Feb 6, 2007 4:49pm Feb 6, 2007 4:49pm
The levels below are valid through 2 PM PDT (22:00 GMT) on Wednesday - ideally, draw them on your charts so you can be aware of them. They are technical levels that I calculate (not fibs or pivots) that will identify areas that have a high probability of halting & reversing price action, or at the least slowing the velocity of the trend. I will post them here each day for the next couple of weeks.

Naturally, the STRL's do not work in isolation, they are best used in conjunction with other analysis techniques that help identifiy overbought/oversold conditions.

Regards,

Dave
Attached Image
  • #6
  • Feb 6, 2007 8:17pm Feb 6, 2007 8:17pm
Thanks for the good info
  • #7
  • Feb 6, 2007 10:19pm Feb 6, 2007 10:19pm
Quoting zawodowiec
Thanks for the good info
You are welcome.

Dave
  • #8
  • Feb 7, 2007 4:45pm Feb 7, 2007 4:45pm
he levels below are valid through 2 PM PDT (22:00 GMT) on Thursday - ideally, draw them on your charts so you can be aware of them. They are technical levels that I calculate (not fibs or pivots) that will identify areas that have a high probability of halting & reversing price action, or at the least slowing the velocity of the trend. I will post them here each day for the next couple of weeks.

Naturally, the STRL's do not work in isolation, they are best used in conjunction with other analysis techniques that help identifiy overbought/oversold conditions.

Regards,

Dave
Attached Image
  • #9
  • Feb 8, 2007 4:10pm Feb 8, 2007 4:10pm
The levels below are valid through 2 PM PDT (22:00 GMT) on Friday - ideally, draw them on your charts so you can be aware of them. They are technical levels that I calculate (not fibs or pivots) that will identify areas that have a high probability of halting & reversing price action, or at the least slowing the velocity of the trend. I will post them here each day for the next couple of weeks.

Naturally, the STRL's do not work in isolation, they are best used in conjunction with other analysis techniques that help identifiy overbought/oversold conditions.

Regards,

Dave
Attached Image
  • #10
  • Feb 11, 2007 10:00am Feb 11, 2007 10:00am
The levels below are valid through 2 PM PDT (22:00 GMT) on Monday - ideally, draw them on your charts so you can be aware of them. They are technical levels that I calculate (not fibs or pivots) that will identify areas that have a high probability of halting & reversing price action, or at the least slowing the velocity of the trend. I will post them here each day for the next couple of weeks.

Naturally, the STRL's do not work in isolation, they are best used in conjunction with other analysis techniques that help identifiy overbought/oversold conditions.

Regards,

Dave
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  • #11
  • Feb 11, 2007 10:12am Feb 11, 2007 10:12am
Why do you keep posting this? Seems like seeing once would be good enough
  • #12
  • Feb 11, 2007 11:57am Feb 11, 2007 11:57am
Quoting mcmep11
Why do you keep posting this? Seems like seeing once would be good enough
If you look carefully each subsequent chart is an update of the previous one.

blinded by the numbers...
Lou
  • #13
  • Feb 11, 2007 2:45pm Feb 11, 2007 2:45pm
Quoting mcmep11
Why do you keep posting this? Seems like seeing once would be good enough
u are blind?
  • #14
  • Feb 12, 2007 5:52pm Feb 12, 2007 5:52pm
Quoting mcmep11
Why do you keep posting this? Seems like seeing once would be good enough
I assume the previous postings shed some light on your question? Hate to tell you, but there is another one to be posted shortly!!!

Dave
  • #15
  • Feb 12, 2007 7:47pm Feb 12, 2007 7:47pm
Hope you are finding these useful.....

Dave
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  • #16
  • Feb 15, 2007 4:51pm Feb 15, 2007 4:51pm
valid through Friday at 22:00 GMT

Dave
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  • #17
  • Feb 17, 2007 8:32am Feb 17, 2007 8:32am
Valid through 2/19 at 22:00 GMT

Dave
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  • #18
  • Feb 19, 2007 9:17pm Feb 19, 2007 9:17pm
Sorry for the delay - meant to get them up earlier.

Side note:

EUR/CHF has made an impressive, albeit impulsive, move off the 1.6208 bull trend-channel over the last hour. We had noted on Friday that this was a key level and thus far had held.

Assuming this move is not retraced, it should indicate that another run towards 1.6288 is in the cards and as such a subsequent move higher in the Dollar Index (DXC).

Regards,

Dave
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  • #19
  • Feb 19, 2007 9:27pm Feb 19, 2007 9:27pm
Thanks for posting this.
  • #20
  • Feb 20, 2007 5:19pm Feb 20, 2007 5:19pm
Quoting zawodowiec
Thanks for posting this.
You are welcome - here are today's STRL's....

Dave
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