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

Well, that is me in at breakeven already, just below the 1.03pm low - asking for trouble of course, below the line but with only a 2 pip margin from the line itself, I'll take my chances. Let us see where it gets to in 'no US' trade.

If anyone is interested in this opening range set up, do look at the resources links in the short list to the right: "Day Trading made Simple". It is a bit 'blue collar' but in its simplicity, it is clinical for intraday trading. I am using all the various market opens and their first 3 minutes to set the session's tradable  'low'. Usual S&R/pivot action applies, but PA around these lines does help to indicate where price might be doing for that session and then helps to steer the bigger picture in smaller frames. I clear them all out at 9pm GMT and start again at Sydney open. Well, it is working for me and that is all that counts!

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