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

Volatile huh. Have banked some longs and now net short. I gotta feeling my first thoughts earlier this week may have been right - an expanded flat in either the 4th wave or 'b' wave up. We are at 127x extension at present and if that proposed diagonal does not hold, watch out for a tumble into the 1.3471 zone as previously discussed. I have marked out the EW count quickly, but just in case it is right.

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