
Please make sure you have read my disclaimer! This is a personal journey into self-tutoring in technical analysis. Did you read that Disclaimer yet?
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.
Thursday, 2 May 2013
GBPUSD
Still no reaction here to speak of but taking short now. The pink dotted lines show the culminating 28day cycles from the big turn up. The first one seems to have ended short there and the second is due a low. I have marked 2 circles showing the culminating low (short plus standard) and also the possible standard plus standard assuming the 2nd pink line runs long to make up for the first. Either way, that is a 56 day cycle low down there somewhere! The 3rd 28day cycle is likely superfluous if the above comes to pass, but does identify the 14 day low due about now too (half of a pink line). I am short and looking for my 3rd 100 pipper of the day, if not more.

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