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.

Thursday, 23 January 2014

EURUSD

This is a 3min chart showing the daily MMA in a simpler format, overlaid with VWAP, its 2SD bands and the hourly bolly bands. For those not familiar with VWAP, there is a tendency for buyers to want to do so underneath VWAP (the golden line) as deep as the -2Sd and in a bullish trend, at the median of the hourly bollys. Given these both sit at yesterday's highs, and close to the next square root progression step down, I am still gunning for my shorts to be good value down to 1.3600.
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