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, 2 September 2013

EURJPY

I have taken a short off the 1.03pm opening range (low of 131.124) - price up at R3 with overbought momentum clusters up to 4hrs. It is also US bank holiday. I had been playing for a 'b' wave in 'e' and this whole move could in fact been an expanding flat, just concluded/concluding. If so, could get a nice 'c' of 'e' down or something else of course. I'll take my chances here with a 1/4 allocation and get my break even in place asap.



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