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, 3 September 2014

#dax $dax

Useful longs yesterday now banked. My eye is on the 60min chart and the 200sma being at the bolly lower band. Seems like a better place to try to be long and if I can see that, maybe the market can too. Attempting shorts with cover above yesterday's high. Price is rolling underneath the 4hr 200sma and the daily version, as well as being underneath the daily ichimoku cloud. I'll try shorts for a bit but as I have been saying, I prefer to bank on oversold conditions on lower timeframes due to the possibility of a break of that daily cloud with the 4hr being bullish.

Daily:













4hr:













60min: 
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