In the Newsgt;Technical Analysis Section
We wish to watch the 1.5675 level today that it has been reached. When we build value about that level but proceed below, we may want to set up shorts for a trip back down to balance at 5535. NFP is almost always a whacky day and I wouldn't be quick to brief the EURO only yet.
On the same note, we could move out from this level in search of sellers and challenge that the 1.5815 level from prior distributions.
I realize it is counterintuitive, however you should be looking to....
Place Longs on USDJPY on the drive under 105.68
The market is providing you with the entry.
Thanks drt, I will look for the entry.
I have a question for you, but I am not sure I must ask it here. It is when to get in and about the entry. Is it cool to ask it or should I do it in a different thread??
PDA Guide 6.11.2008
https://www.nigeriaforextrading.com/...72132905436.11
Good morninig DRT,
Just read the PDF file, thanks so much.
There is a potential typo on EURUSD lineup:
Moving directionally downwards a goal area of 1.5521 (ie., 1.5221)
DRT,
My Inquiries Following read the PDA Guide 6.11.2008.pdf, There's Extended Term Balance:
1. Just how long is this Long Term Balance representing? 30 days.
2. Can I use this Long Term Balance (LTB) versus Daily Balance (DB) to track the price movement?
Such as:
In case my DB is under LTB, then my moving leadership is most likely going downward toward the lower Objective area.
In case my DB is above LTB, then my moving leadership is most likely going up toward the upper Objective area.
PDA 6.12.2008
I've added the USDCHF into the position trading analysis.
https://www.nigeriaforextrading.com/...8129564014.pdf