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.

Monday, 3 June 2013

AUDCAD

Looks like it has all come together well. Price has now punched through the daily FLD (Green) and if my Cyclic Analysis from earlier is correct, this is the first leg up in a new 54month cyle - where this cycle ends up of course will not be know until it ends, but for now, as a reaction to the long drive down, I am happy to accept anything uphill that is coming my way! I'll try and find an ending diagonal to move my stops up behind, but won't beat myself up too much if I bank too early after that bottoming pattern on Thursday/Friday.
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