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.

Thursday, 19 September 2013

EURJPY

Now I know what those high divers have to look at. The weekly My Wave in the 2nd chart is very well formed. On a weekly basis then, the buy story is cooked. So who is to buy up here then? Not me, cause I am selling but I was too early and need the wave to compress or get overturned. That momentum cluster on the 3rd chart counts 5 waves into the top there, so something downhill is likely, at least to test the green dashed fin fan lines. With the Pivot, Asian and London opening ranges nearly 200 pips below, I'd be selling to any New Yorkers wanting to go higher for sure. Am I the fool...we we find out soon enough.

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