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, 7 February 2014

EURUSD

Edging short into the close here; Ellipse is currently holding price action but the placement of price right under the 80day FLD, and the channel UTL on the 24 pip range bar study and a possible EW count of 5 up with tired momentum on the 2hr chart, add up to me taking a chance. Only 1/4 allocation net short but enough to be worth while if something gap'y happens Sunday night and not too much of an issue if price pushes up for a bit given the cyclic phasing.

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