A technical indicator developed by Nicholas Darvas to identify breakouts.
Darvas Box is constructed with two lines. When prices break the top line of the box, it may be an indication of upward breakout and rally and when prices drop below the bottom box line, it may be an indication of downward breakout and decline.
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RT @dmorrison_gft: @cityamforum See my article in CityAM http://t.co/hxgSvMOK Thoughts? Meet me at GFT Masterclass 22nd May London...
RT @JamieSaettele: respect thy levels - $EURUSD 12815 $AUDUSD10020 -off to golf > Golf? what you think this is..a holiday camp? :) deserved
respect thy levels - $EURUSD 12815 $AUDUSD 9990-10020 $NZDUSD 7750 - leave you with that for now-off to golf For the last few days I have mentioned a precondition for buying Cable.. I will stress this in Nasty Trade update in 60 minutes #gbp For the last few days I have mentioned a precondition for buying Cable.. I will stress this is Nasty Trade update in 60 minutes #gbp If all around you are losing their heads and you're not.. you've either got perspective or missing something...just double check! #trading
*DJ Bullard: US Can Do Well Even With Recession In Europe #ZIRP4life > manipulated asset prices, artificial growth Having held 1526 $GLD shd now recover above 1600 but fade below 1609 in a retrace to 1555-60 where I will look to buy with 1522 stops #gold Doesnt take a rocket scientist to see huge 1522-1922 flat bottomed triangle on $GLD.. technically shd break lower.. but not this time #gold
The trouble with the 'turtle approach' (make no progress as we wait for elections to settle): http://t.co/RabqmY0b Keep a mindful eye on $EURGBP. As troubled as the euro is, the sterling's percieved detachment from 'EU issues' is vanashing. Things so crazy even the scalper is taking a longer term position. @MBForex $GBPJPY http://t.co/qd0kwca3 Oh man. This chart was just glorious. I'm glad I stuck with it. i need a tradeable low to get long...dont have one yet-if it fell to 7830 then i'd punt long with a 7600 stop-no reason to do it here though lots of chatter on $USDJPY right now-i've come to respect time pivots as much as price levels regarding initiation of new trades and $AUDNZD working on a daily reversal - already short $AUDUSD - considering a synthetic with the $NZDUSD leg Good luck paying your bills then...|| “@CVecchioFX: Greek PASOK leader Venizelos says June election may be followed by another vote.” at this point, this is the largest 1 day $USDJPY decline since december 3 2010 (in %) $USDOLLAR http://t.co/UoYNgroJ Usually such good bedfellows, there is a serious divergence between the $S&P 500 and $Dollar today. ...have to be careful about expecting momentum on this pair in a vacuum. Other yen crosses have already made sizable moves. Could bounce.
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