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 12.21pm

That last spike down was close enough; shorts dropped. Looks like lots of space overhead in the T4 volatility channel; let's see what the next SMI cycle will do for us. Taking out D1 could be rewarding with the next Gann line up from 1.3020 being 1.3163, although D5 has still not been tagged after the D4 cut last week, so no need to be greedy! Have left in alternative count for now, marking this move down as 'iv' for the bullish count.
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