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.

Tuesday, 4 June 2013

AUDCAD

Just bought long a 1/4 allocation, just shy of the 61.8% retracement level of Friday to yesterday's move. Overall pattern down does not look complete yet in the 'c' leg, so the count is floating a bit. Price is bedded into the 12.5D & 25D flds, and the 1.5hr momentum study is coming into a low at about the right time (1/4 way through the 25day cycle) so good place to pick up longs given my overall stance on the cyclic analysis so far (see yesterday's posts).
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