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.

Tuesday, 22 October 2013

EURUSD


What a couple of days with this PA! Looks like an 'abc' already completed downhill yesterday but the reaction has been muted, suggesting it is a 'b' wave up. As such, still looking for a move down towards the weekly FLD, although that is rising now and eating up my rewards, unless we get a 'cut' to keep my expanded flat thesis alive (albeit that is looking a bit thin at the moment!). Overall, the flat action is suggestive of a 'B' wave after that thrust on Thursday, but as the Range Bar study is still showing southbound, I'll hang on short for now and see what transpires, as there has been little joy being long either.
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