What is the direction of highest probability today? (09/02/10)
by Johan Kriek (jkriek@fxinstructor.com)
Probabilities:
Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.3705
Bullish Probability above: 1.3705
Significant resistance: 1.3817
Significant support:1.3500
Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.5867
Bullish Probability above: 1.5867
Significant resistance: 1.6000
Significant support:1.5000
Direction of Highest Probability: BEARISH
60 minute trend resistance: 0.8745
Bullish Probability above: 0.8745
Significant resistance: 0.8767
Significant support:0.8200
Direction of Highest Probability: BEARISH
60 minute trend resistance: 89.95
Bullish Probability above: 89.95
Significant resistance: 90.05
Significant support:84.80
___________________________________
This analysis has been based on the Probability Study Technique which is derived from the Dow Theory
Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within.
For more about the Probability Study Technique, please visit forums.fxinstructor.com or register yourself a seat at
http://www.fxinstructor.com/eng/courses/probability.php to learn this technique or to book a free Level 1 class
Enjoy and good luck!
Johan










No comments yet.