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.

Wednesday, 2 October 2013

EURJPY

Cover taken and stop for that is above that last move up, which looks like that was a wave 4. As such, we should be working our way down in wave 5, which more than likely will be an ED. I am going to move my cover to break even once the London opening range low gives way and then just wait for either a spike lower to bank the shorts or for the stop to be taken out on the way back up, hopefully leaving my longs in the way for the main thrust higher. All good plans....
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)