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

This is the rolling daily pivot (thin blue line) overlaid with the moving average of that daily pivot utilising non lagging MAs but in bundles of 2 days. So 2 day, 4 day, 6 day....... up to 2 weeks. The 85.4% fibfan of this current peak and the last have the same retracement zone being marked out down at 129.00. It may be me but that Pivot Average Band isn't following as of yet and establishing a good bounce back target. Add in the fibfan end goal and the prior counts and I am still looking for the turn. Short now at 133.62 but pips are a squeezed.

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