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 14 November 2012

EURUSD: 2.00pm

Price still wrangling with D2 & the Gann line but burning off that overbought SMI cluster in the meantime. Daily My-Wave is still intact to the upside and looking like running triangle being built here or something similar. Would appear price is waiting for T4 to turn up but may need that move to 1.2878 to secure the deal. There is going to be a pull back to T4 at some point higher up, so I'll bank longs up there somewhere near 1.2878 and wait for retrace.
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