http://cmellon-deltatrading.blogspot.com/2010/01/jan-13-usd-jpy-trading-plan.html
Here's one way to tell whether Delta low turning point has arrived or not. The theory is available at Introduction - Trading Delta Point from the navigation menu above.
As we are close to a Delta low turning point, any day that makes a new low becomes a signal day. I use a London broker and my candle has closed for Jan 26, 2010. We are making a new low near Delta turning date, so Jan 26 is the signal day. See chart below
As you can see above, the signal day is Jan 26 with a low of 89.37 and a high of 90.545. The idea is that as long as there's no new low made in coming days, then we can conclude Delta low has arrived when we can have a daily candle close above the high of the signal day (above 90.545) in coming days.
EDIT: As I write this, we have just broken 89.37. Some of you who use U.S. broker is still in Jan 26, but my candle is now already in Jan 27 at 12:30 AM (local time), so Jan 27 will be my new signal day, and I have to wait until Jan 28 12:00 AM to get the high and the low of the new signal day (Jan 27) and use the same idea above.
