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 28 January 2014

EURUSD


This range trading has been quite rewarding but I think that needs to be put on hold now. I have edged long into the 5 day FLD here, looking for a move up to the 40day FLD again, before coming down in a larger retracement or something bigger perhaps. Anything near 1.3745 with a trend line break is going to see me reducing longs or getting out completely. See how the 4hr (blue) 8hr (red) and daily (green/blue) bollys are consolidating on the first chart. Something big is coming! Catch up later.
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