DTFM-Bu, HTF-BuRe and HEMA 8 > HEMA 13. We had a confirmed trend trade setup and as a consequence are in a trend trade transaction. For trade setups and trades, if any, see the section Trade Setups & Trades in Progress (to the right).
The Slow Stochastic in the DTF is between 20 and 80. We had a confirmed stochastic trade setup and as a consequence are in a stochastic trade transaction. This transaction was partly unwinded yesterday with a profit. For trade setups and trades, if any, see the section Trade Setups & Trades in Progress (to the right).
Elliott Wave Short Term Scenario. Most likely a wave type 3 i-ii-iii(3)-iv-v up (385-400). Elliott Wave Long Term Scenario. March 2011 344 (2), June 2011 395 (3), July 2011 360 (4), October 2011 425 (III), January 2012 at 355 (IV) and March 2012 435 (V). This is only background information. My trading is not based on Elliott Wave but solely on the Trade Principles.
For an explanation of the abbreviations and the Trade Principles see the bottom of this blog.
