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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, 15 November 2012

EURUSD 10.13am

T7 & D7 sit in the 1.2780-1.2790 area and that 1.2803 low (being the first drive low off 1.3171)is just above. D3 (our initial target) is higher at 1.2830 with the 2.62x extension of the first drive up from 1.2659, slightly higher at 1.2849. If we get there, the weekly My-wave will have been cleared, albeit retesting is probably on the cards after that. So D3 is the target today and then wait for a recamp and for T4 to join the party. See previous posts to locate the above.
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2 comments:

  1. Anonymous15 November 2012 at 12:40

    At this moment not sure if it's bottomed. Would be good if it has and is en-route to a new high.

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  2. Clive Nayler15 November 2012 at 12:48

    My SMI's are looking a little bubbly at the moment, so I am thinking I'll bank on the next thrust up (if it comes) as close to D3 and wait for a pull back.

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