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.

Friday 9 November 2012

EURUSD 2.00pm

I feel like I have been charting this diagonal all week but not so, only really since yesterday morning. A poke out of the bottom of lower perimeter can offer great risk/rewards and I am now looking for a strong move up. We have been traversing the 'topping' forecast of D6 since 1.3171 and now we have both D4 & D5 asking for bottoming action. Combined with the ending diagonal, the 'C' count of an 'abc' since 1.3171 and the positive divergence, and I have no reason yet to doubt up is coming. First line in the sand however is T4 and D1/D2. Tired of waiting!
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