Following today's Fed business we are still in the buy the dip camp in the Dollar Index and sell the rally mode in the Euro. See our RTT Ratios below. Two 4-hour closes below 97.00 in DX will shift the 10-day pattern lower meaning we can take both buy and sell signals in that market; while two 4-hour closes above 1.0975 or so in Euro will shift us into two way trade-mode.
The RTT Ratio gives us an objective tool for determining trade selection because it definitively measures the trading environment we are in: trending or counter-trending, and provides the foundation for statistical validation.
