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, 13 September 2013

EURJPY

A stripped down chart for once - I know already!! The trend line is the 6.25day proxy with a price envelope around it. The only leading indicator on here is the light blue FLD - future line of demarcation in 'Hurst' speak. This FLD is the 6.25day  cycle shifted forward by half a cycle; so 3.125 days. When a trough or peak appears, price will be drawn towards them. Marry those up with the momentum cluster and the price envelope and price action is perhaps a little more telling, at least for shorter term moves. I am remaining long for obvious reasons I think. Next week I will have ago at posting the opening range trades to show how these combine with the analysis I do. Have a great weekend. By the way, over 300 hits today. Thank you. Do drown me out with comments please.

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