The Dec'09 BRITISH POUND is on edge and pressing it lower support extreme at 15755. If the MKT is going to stabilize it will not spend much time if any below this support Inflection. Only under 15687 is the current weakness able to overwhelm the senses forecasting further losses down to 15443 and 15267 on any negative follow through.
A held trade above 15803 and the currency has the potential to close higher on the day and challenging the 16045 Inflection Pivot. Only above this price point is a positive reversal confirmed with 16467 targeted.
JS
Strategy Based Trading is a methodology that focuses on the applied strategy verses a specific market and looks to align strategies with markets whose current technical behavior matches the strategies criteria.Please review the following CME sponsored tutorial for a complete overview of this approach.STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html
For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.
A held trade above 15803 and the currency has the potential to close higher on the day and challenging the 16045 Inflection Pivot. Only above this price point is a positive reversal confirmed with 16467 targeted.
JS
Strategy Based Trading is a methodology that focuses on the applied strategy verses a specific market and looks to align strategies with markets whose current technical behavior matches the strategies criteria.Please review the following CME sponsored tutorial for a complete overview of this approach.STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html
For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.
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