Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Friday, 15 March 2013

CHFJPY: 11.06am

Albeit, I should have waited a little longer for confirmation, we are at the decision point here. I have marked left and right on the screen, two green boxes. The trend line cloud is currently bullish (blue) but price cut the orange DMA in the left hand box in the first draft down. The DMA has been through a 'peak' which was calling for, and got, bottoming action. The DMA is the half cycle forward displacement of the trend cloud. This point of decision is whether the current blue bull trend is to be sustained or is just the retracement due because of the 'cut'. So far, everything to here is as projected. Always interesting to watch.
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