Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Tuesday, 2 July 2013

Currency Strengths Analysis 8am

Here is the spreadsheet for today's CSA. I have removed the '5 & 4bar' columns and colour coded the pairs instead that are 5 bar trends; red for bearish trend and blue for bullish trend up to 50days in duration. Although it is obviously preferable to trade with the trend when safe to do so, it is also fact that in order to record a strong trend, there are times when that move is a bit leggy and will retrace strongly too. Best of both worlds, staying with 5 bar pairs regardless of which way the subsequent analysis says to go.
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