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 26 February 2014

EURUSD

Well, that is more like it, but I have banked half the shorts and  gone flat. 2 reasons really. Firstly, the half banked was a good amount of money in real terms and this has been an awfully slow consolidation. Secondly, that 2hr momentum study is already looking oversold and if this is not 'the one' then the bounce could be spikey to set up the real one. So, although somewhat defeatist and possibly trigger happy, I am flat and hoping for more, but from higher up. As such, a bounce from the gold 160day FLD would be great but quite happy to bank more shorts nearer the 20/40day FLD combo lower down, if price continues to fall.
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