EUR/USD, Forex, PMTP Alert for March 9th
March 9, 2009 by admin · Leave a Comment
I issue a Primary Movement Timing Program alert for:
MondayMarch 9th 5:50am-6:10am for 3 hours duration and strong productivity.
This program attempts to identify the most probable time to experience more effective and profitable trading patterns and the price action within a true technical study. Our PMTP profile exhibits extremely accurate and productive results.Please review my archive since January and you will find a large volume of precise Alerts that can be correlated to any eur/usd chart.
Within a immediate trend move the PMTP Alert will signify a slight directional pause and then a continuation of the most immediate trend. Conversely, in a ranging market, the PMTP Alert will signify a range reversal when meeting resistance or support within that immediate range.
Should a PMTP Alert be initiated when the price action is settling at the outer extremes of a recent strong trading range — then indeed — the Alert possibly can signify a break of the recent range trading zone.
However I do acknowledge recent range conditions are becoming stagnant so consider possibilities for a range break and the continuation of the overall trend. Technical breakouts that do not pertain to the overall trend are typically immature and short lived; do not misinterpret a range break and the actual continuation of the overall trend versus a reversal within a strong range.
Britt Maras
Senior Currency Strategist
