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, 10 January 2014

EURUSD

Banked a few shorts on the drop here, to edge net long but only just. This looks like 'a' of a retracement down, so looking for a gentle move up for a 'b' wave. I'll go flat again when I can see an 'abc' up, hopefully to catch the 'c' wave down to near yesterday's lows or the 61.8% marker at 1.3575. Obviously with NFP & Unemployment at 1.30pm GMT, matters are likely to get a tad more volatile later and I'd rather be flat and able to bank a retracement into directional move, than on the wrong side altogether.
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