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.

Wednesday, 4 September 2013

EURUSD

I have moved my stop in to break even now at 1.3169, with price up against the 45degree Gann grid line on the daily chart. For those who need a reminder or are reading for the first time, this grid on the daily is created from the 2012 hi-low movement and then reflected forward in time. A break here could push on a tad, so I am chancing a long with the 100 day low looking cooked and the daily momentum cluster stretching on its own-some into oversold.  The 200 day Hull is still green for bullish, so just maybe we get another move up into the 25 & 50day FLD's above (pink and dark pink).

 For a more common approach to the storyboard, here is my version of the Ichimoku on a daily basis: I say my version, cause I have programmed it and therefore my interpretation of the calcs is inherent. That said, looks like a retracement into the cloud on a daily chart and this fits what I am seeing on my other work, unless price strikes on down. The cloud is thin and vulnerable, hence my stop already in at BE!!

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