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 2.10pm

This is of course completely maddening but other than my overbought hourly SMI cluster, I can not see any reason here to close my longs. Both the daily and weekly My-Waves are turned up and this morning's spike has had its first pop at the monthly My-wave spine. We keep getting higher lows and highs and we are still above the daily pivot. I am definitely up for closing my longs if we get a spike with an accompanying trend line to use, but for now, I am hanging on in there.
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