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

  • #21
  • Feb 20, 2007 6:20pm Feb 20, 2007 6:20pm
are these numbers for the evening and day tomorrow(2/20 and 2/21)?

do you offer daily forecasting services(fundamental and technical)?
  • #22
  • Feb 20, 2007 6:34pm Feb 20, 2007 6:34pm
Lines seem to be stacked pretty close together about 10pips apart.
Once we approach the first line could we say that we enter a 40pip molasses zone?
  • #23
  • Edited 9:28pm Feb 20, 2007 9:28pm | Edited 9:28pm
Quoting RickW00716
are these numbers for the evening and day tomorrow(2/20 and 2/21)?

do you offer daily forecasting services(fundamental and technical)?
Correct, they are valid for the following 24-hours - I post them each day around 5 PM EDT (22:00 GMT)

Yes I (my firm) offer forecasting/research services for the FX market - visit our web site for more information.

Regards,

Dave
  • #24
  • Feb 20, 2007 9:30pm Feb 20, 2007 9:30pm
Quoting irusoh
Lines seem to be stacked pretty close together about 10pips apart.
Once we approach the first line could we say that we enter a 40pip molasses zone?
Great way to describe it - many times the first STRL is the most effective one - if that one is breached we typically will go into that 'molasses' zone as you call it.

Regardless, more times than not those support/resistance zones will allow good places to enter/exit trades.

Dave
  • #25
  • Feb 21, 2007 7:15am Feb 21, 2007 7:15am
Quoting Aspen Trading Group
You are welcome - here are today's STRL's....

Dave
Just a follow-up to the STRL's posted yesterday afternoon (New York time):

USD/CAD - STRL support at 1.1669 (low for the session)

GBP/USD - low for the session, with a solid reversal (55 pips) off the 1.9485 STRL support level

USD/CHF - high for the session was 1.2413 (STRL)

USD/CAD - low for the session was 1.1669 (STRL)

Hopefully, these were effective for you in your short-term trading.

Dave
  • #26
  • Feb 21, 2007 7:18am Feb 21, 2007 7:18am
Quoting Aspen Trading Group
Just a follow-up to the STRL's posted yesterday afternoon (New York time):

USD/CAD - STRL support at 1.1669 (low for the session)

GBP/USD - low for the session, with a solid reversal (55 pips) off the 1.9485 STRL support level

USD/CHF - high for the session was 1.2413 (STRL)

USD/CAD - low for the session was 1.1669 (STRL)

Hopefully, these were effective for you in your short-term trading.

Dave


Can you include NZDUSD also please.
  • #27
  • Feb 21, 2007 8:13am Feb 21, 2007 8:13am
Quoting vxvicky
Can you include NZDUSD also please.
Sorry, we do not calculate STRL's for NZD/USD - maybe down the road, but not at the present time.

Sounds like you are finding these useful?

Dave
  • #28
  • Feb 21, 2007 8:15am Feb 21, 2007 8:15am
Hi Dave, I just wanted to say thank you for posting these also. Ive been using them for the past 2 weeks or so now and its fantastic work. Thanks again.
I dream, therefore I become.
  • #29
  • Feb 21, 2007 8:41am Feb 21, 2007 8:41am
Quoting mike w
Hi Dave, I just wanted to say thank you for posting these also. Ive been using them for the past 2 weeks or so now and its fantastic work. Thanks again.
Great, glad to hear it.

Dave
  • #30
  • Feb 21, 2007 4:29pm Feb 21, 2007 4:29pm
valid through 2/22 at 22:00 GMT......

Dave
Attached Image
  • #31
  • Feb 21, 2007 4:31pm Feb 21, 2007 4:31pm
I am very impressed with the numbers I've seen so far!

i am looking forward to tonights numbers!
  • #32
  • Feb 22, 2007 6:35am Feb 22, 2007 6:35am
Quoting RickW00716
I am very impressed with the numbers I've seen so far!

i am looking forward to tonights numbers!
Thanks -
  • #33
  • Feb 22, 2007 11:30am Feb 22, 2007 11:30am
GBP/USD - after the sharp move higher this AM, is approaching the first of the STRL resistance levels.

Dave
  • #34
  • Feb 22, 2007 12:14pm Feb 22, 2007 12:14pm
see chart for details....

Dave
Attached Image
  • #35
  • Feb 22, 2007 4:00pm Feb 22, 2007 4:00pm
Valid through 2/23 at 22:00 GMT....

I will post these again on Saturday (for Sunday/Monday session) and then maybe once or twice per week thereafter - you can get access each day via subscription at my web site if you wish to.

Thanks for the great feedback.

Dave
Attached Image
  • #36
  • Feb 22, 2007 9:53pm Feb 22, 2007 9:53pm
Quoting Aspen Trading Group
Valid through 2/23 at 22:00 GMT....

I will post these again on Saturday (for Sunday/Monday session) and then maybe once or twice per week thereafter - you can get access each day via subscription at my web site if you wish to.

Thanks for the great feedback.

Dave
I think what you are doing is really great...you have a product that works and you are not afraid to put it out there to prove it.

On the days that you do not post the numbers in advance for us, would it be possible to post them a day late so we could see how accurate they could have been?
  • #37
  • Feb 23, 2007 6:21am Feb 23, 2007 6:21am
Quoting RickW00716
I think what you are doing is really great...you have a product that works and you are not afraid to put it out there to prove it.

On the days that you do not post the numbers in advance for us, would it be possible to post them a day late so we could see how accurate they could have been?
Not a bad idea - I will see if my colleague will be able to do that. The STRL's are only $50/month - so they are pretty cheap for what you get.

Dave
  • #38
  • Feb 23, 2007 7:15am Feb 23, 2007 7:15am
Key test for GBP/USD......

Dave
Attached Image
  • #39
  • Feb 23, 2007 1:36pm Feb 23, 2007 1:36pm
Where can I find info on the best way to use your STRLs? I didn't see a link on your site?

Quoting Aspen Trading Group
Key test for GBP/USD......

Dave
  • #40
  • Feb 24, 2007 7:22am Feb 24, 2007 7:22am
Quoting BenQ
Where can I find info on the best way to use your STRLs? I didn't see a link on your site?
There is no information on the site on how to use the STRL's - this video clip provides a basic overview of some suggested ways they can be used, however, each trader will use them differently based on their own trading style.

If you are looking to subscribe, this page has the link to process that on the left hand side of the page - STRL's
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