Nice drop this morning as hoped. Have banked shorts again to leave longs naked. Will top up if price can make it to the lower bollys on this 2hr chart, but for now is nestling in the 50day trend line, having popped to upside Friday. I do not want to be flat, when this baby thrusts up, so banking shorts after over bought conditions soften, is the game I am having to play. Above 1.3653 would be a positive sign for me.
Please make sure you have read my disclaimer! This is a personal journey into self-tutoring in technical analysis. Did you read that Disclaimer yet?
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.
No comments:
Post a Comment