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.

Thursday, 11 September 2014

#dax $dax


Nice bounce. Have gone flat again at 9703 and will wait until the 60min stochs are either oversold or overbought to decide which side to bank. It is the 60 min cycle and its relationship with the 4hr and daily cycles that seem to be working best for me when it is at an extreme. At the moment, that 60 min cycle is in the middle of the scale and I am flat.





This 15min chart shows the 100-127% extension to the upside, if this is part of the ongoing retracement of yesterday's move down (so, 9777-9806) where I would lose my longs and if the retracement completed already, the downside targets are 9593-9552, where I would lose my shorts.
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