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.

Thursday 13 February 2014

EURUSD

Without retracing to the 10day FLD, and with the trend band still in sell mode, I have to assume this is a deep 'b' wave back up here. It has snagged my short cover, but I have just banked that and shifted it above the 1.3682 high from yesterday. This may in fact be another 'c' wave up instead, but that would still mean a decline afterwards, so looking to catch any downdraft to retest that annual pivot. Anything more exciting than probing around the 80day FLD and I'll sit with the longs until the low is in and try and lose the shorts instead next week.
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