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.

Wednesday, 28 November 2012

EUEUSD: 6.49am

D2 and T4 confluence remains in my sights at 1.2878 ish - this is also a Gann line calc'd off 1.2041 and holds a number of 85.4% parallel grid lines as support too. Given the previous rise from 1.2659 provides a 38% retracement zone at that area, I will be looking to step aside from shorts, although the daily My-Wave remains down with lower highs and the D1/4 is providing cover at the moment. The 60min SMI cluster is fighting these lows at the moment and could do with a reset to short again. I will not go long until My-Wave is facing up and we have a retrace/SMI cluster to support - honest!
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