What is the direction of highest probability today? (22/10/09)

by Johan Kriek (jkriek@fxinstructor.com)

Key events today:

- Eurozone Current Account @ 8:00GMT

- UK Retail Sales @ 08:30GMT

- US Jobless Claims @ 12:30GMT

- US House Price Index @ 14:00 GMT

Probability Studies:

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

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

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

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

___________________________________
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

Enjoy and good luck!

Johan

*remember I have a free class on the Probability Study technique at 10am GMT. Please register here: http://www.fxinstructor.com/eng/ltr/register.php