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, 11 October 2013

EURJPY

Banked longs at 133.403 this morning and put long cover a few pips above the high, leaving shorts to run if the pair wants to drop. Why? Well the 100/200/400 day trends are stacked to the downside and according to my Cyclic Phasing, the 50 day low is due about the 22nd October. I am just punting that this rise up is in fact a 'b' wave and we get another drop down to the 129.00 area where a prior 100 day VTL (green dashed no. 2) resides. I may be off but I am giving it a go, with only a few pips risked.
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