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.

Tuesday 20 November 2012

EURUSD: 11.04am

Last update for a bit whilst matters sort themselves out. This is the trend line 'T' chart - the 'D' lines in the other charts are the displaced cousins of these 'T' lines. All of the lines are related to each other mathematically, in time and price by means of one ratio and its inversion; 50%. Here we have price messing around with T4, T5 and T7. Someone is missing the party don't you think and look where T6 is; right at that 1.3020 Gann line. So does price keep on hanging around here under/at T7 or go up to at least talk the matter over with T6? Well, price has cleared D7 already, so odds are on the latter, although keeping T4 in toe is proving tiresome indeed.
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