iQuaestor: #EURUSD $EURUSD #Trading

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.

Tuesday 20 May 2014

#EURUSD $EURUSD #Trading

It is not always easy, keeping focused on my own thesis, when so many others are duly sharing their's too. At the moment, the bearish view is deafening, but as readers will know, I have been trying to stay long/lose shorts since Friday and the market is sticking to the lower band of the daily bolly with some gumption. However, for all the intent on show in that drop (which we had been expecting through the cyclic phasing) there has been little deterioration of the underlying trends on the daily, weekly and monthly charts. I have stripped off the price bars to lessen the noise and will let the charts do the rest of the talking. I have put the 200smas on top for comparison. Bottom line is that any reaction uphill that seems to be in line with those bigger time frames, should pull the 8hr & 2hr MyWaves, northbound. Not a lot else I can do, but wait till it happens to bank my longs higher up!!