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, 20 February 2014

EURUSD

Frustrating but profitable! Have banked the added shorts from earlier and gone flat again. Same reason as earlier with no progression downhill and 1hr+2hr momentum studies oversold. These may or may not bounce price at this key support but if this is a retracement downhill, they are usually strong enough to be worth backing. If the price pushes on down, well, I'll have to wait until they rest themselves higher, regardless. Will post again when moms are overbought.

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