This Trading Report is about last week’s trading in the Hurst Trading Room using the FLD Trading Strategy.
Before you watch the Trading Report, a reminder that the May Launch Special Offer for Hurst Signals (2) ends on Friday 31 May.
Plus at Traders World Expo this week, you can watch David Hickson’s presentation – Getting Market Moves Right With Hurst Cycles.
Watch Now – Trading Report Video – 27 May 2013
The markets we trade all made turns of some degree this week, and so we closed out our profitable trades in the EURUSD and NASDAQ, and have a tight stop on the GBPUSD.
S&P 500 & NASDAQ: In the video I discuss how to handle the short trades we have in the US markets, which might be category D or F trades.
GBPUSD: A long A category trade is next, and of course we need to be ready to reverse in case it turns out to be a category G interaction.
EURUSD: We have a long E-category trade, and it looks as if we should be applying the advanced concept of displacing the FLD in the Euro at the moment.
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