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.

Friday 27 June 2014

#Eurusd $eurusd #Trading

The chart posted contains rolling Raff regression channels for 1-4 weeks. The legends are manually applied, so that I have to move them each morning back to the channel perimeters. In this way, I can see whether the channels are moving up or down. All of them moved up this morning, including the monthly. I have banked my longs and attempted shorts (cover above 1.3662) on the basis that the 'rsi' suggests that a final flurry down to tag the 3 and/or 4 week channels (blue & orange) or as close as price wants to go. The general idea is that the monthly trend traders will be wanting to buy nearer there than up here. They may not get their fill but I am trying the drop down for a bit anyways. Somewhere lower to buy would be great.

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