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.
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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