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.

Monday, 6 January 2014

EURUSD

Obviously, the move up today has used up time, but still not enough to get my momentum study in the sub chart looking like a nested low is in. Given the 3 waves up and price pushing the hourly bollys, whilst on my 4 hour and daily charts (not shown) the trend bands have turned down as expected in the weekend report, I am moving to net short in anticipation of at least a test of the low if not more. Might trend a little higher as the 15min trend bands are still bullish (as are the hourly on another chart) but the 4hr & daily trends should batter price down again until that nested low is in.

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