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, 18 June 2013

AUDJPY

Been having some memory issues with the computer over night, with workspaces not booting up due to overload from what I can tell. I have had to re-think how to display the analysis and possibly to my own relief, tidy up the charts a bit. There will be a few less posts today whilst I rebuild things. As far as AUDJPY goes, the higher high at 'a' and thus far the 'abc' retracement into a higher low at 'b', supported by the momentum cluster, has me recording a new 25 day cycle as having started. This retracement eeked out a new low this morning, extending the count into a deeper 'b' and hitting the 3.125day timing slot very neatly. So far, everything looks like a 'c' leg of wave 1 or A is on the cards, but a break out of the diagonal on this retracement would be a welcome relief after all this grinding.
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