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.

Wednesday 14 August 2013

EURJPY

Saw some bounces down after hitting the 50% zones yesterday (monthly Gann square and monthly bollinger) as well as the 162% of 'a' (if this is an expanding flat). There is negative divergence on the momentum studies and generally, I prefer a 5 count up from Monday's low to be completing 'c'. Could have banked shorts various times yesterday but decided not to. Hope I do not get punished for that! But, for now, nothing seems to be telling me to change the thesis, with a shorter term target of the 128.772-129.4042 zone to test the week's lows.

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