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 12 February 2014

EURUSD

Price has now made it to the 160day FLD as discussed in this week's posts. This is a key decision point and may be the zone for a 'b' wave consolidation, either above or under the line. I am banking all my shorts and am now out of all trades. I will wait for the hourly momentum study to reset itself. There is plenty of time for more as the 17th is my low target date. But a big haul is a big haul and even better when in my bank!

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