This Trading Report is about last week’s trading in the Hurst Trading Room using the FLD Trading Strategy.
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Watch Now – Trading Report Video – 6 May 2013
Our open trades in the NASDAQ and GBPUSD made good profits this week, and we made a quick, but profitable C-category long trade in the EURUSD (which closed trades 1 & 2 at the T1 & T2 levels, and trade 3 at break-even).
Looking ahead to the next trading opportunities:
S&P 500: A short D-category trade is next. I discuss the two possible analyses, and why my preferred analysis has the 20-week cycle trough in April.
NASDAQ: Here too the next trading opportunity is a D-category short trade. We are using the 3-bar trailing stop on our open long trade three.
EURUSD: The next trading opportunity for the Euro is a short D-category trade.
GBPUSD: Our current long trade in the GBPUSD is an E-category trade implying that an F-category short trade is next, but the default analysis on this forex pair has changed recently, warning that we might see a B-category interaction next. In the video I discuss why the analysis has changed, and what the implications are.
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