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.

Friday, 20 September 2013

EURJPY

Bit of a slow day, which usually follows a fast day and usually signifies a 'b' wave. I am counting this 'abc' for 'a' then a contracting diagonal for a 'b'. Volume has reduced into the last part of this rising diagonal and the 162% extension of 'a-b' would be the break point from yesterday as discussed earlier. Looking to close out my shorts somewhere down there and clear the decks for the weekend, although clearing 134.38 first is the key where the New York opening low resides. Will be one of my best weeks earnings wise, notwithstanding getting caught short yesterday but relatively enjoyable trading my way out of it.

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