What is the direction of highest probability today? (21/10/09)

by Johan Kriek (jkriek@fxinstructor.com)

Key event for today:

08:30 GMT – BoE releases October meeting minutes

Probability Studies:

Probability Studies:

eur

Direction of  Highest Probability: BULLISH
60 minute trend support:
Bearish Probability below:
Significant support:
Significant resistance:

gbp

Direction of  Highest Probability: BEARISH
60 minute trend resistance:
Bullish Probability above:
Significant resistance:
Significant support:

aud

Direction of  Highest Probability: BEARISH
60 minute trend resistance:
Bullish Probability above:
Significant resistance:
Significant support:

jpy

Direction of  Highest Probability: BEARISH
60 minute trend resistance:
Bullish Probability above:
Significant resistance:
Significant support:

___________________________________
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-reserve.php to learn this technique

I am presenting a free 1-hour training course tomorrow on the Probability Study Technique. Enroll here:  http://www.fxinstructor.com/eng/ltr/register.php

Enjoy and good luck!

Johan