This Trading Report is about last week’s trading in the Hurst Trading Room using the FLD Trading Strategy.
Please remember to visit Traders World Expo, where you can watch David Hickson’s presentation – Getting Market Moves Right With Hurst Cycles.
Watch Now – Trading Report Video – 3 June 2013
It has been an interesting week with price and the FLD interacting in an unusual way, most likely because the dominant cycle that has been so bullish in the US markets is now turning.
S&P 500 & NASDAQ: We are still in short positions in the US markets, and I discuss why I am not expecting a long E-category trade next.
EURUSD: Our long E-category trade was closed out last week for a small profit.
GBPUSD: Last week we exited from our short trade three, and entered a long category A trade. T1 & T2 have been reached, and our trade three is at break-even.
Please note that the last Hurst Trading Room video before our summer break will be on 17 June 2013.
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