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

EURUSD: 10.00pm

I have closed the longs here and banked. I do not like or understand the SMI moves at all. I have attached the 60min cluster here and the 240 min here. These smooth strikes are usually 'b' wave type formations and going in different directions. Now look at the daily - everything is just a bit tense and I'd rather sleep on it. I have however kept my short under 1.2878 if price were to collapse through today's low.
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