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.

Monday 19 November 2012

EURUSD: 3.33pm

I have closed longs here: the SMI cluster is showing negative divergence and we are back at that grid wall of mine. I think I would like to re-enter long when the SMIs are back at the bottom of the range and bank my well earned monies here for today. In the back of my mind is the US holiday week in play and possibility of a lack of momentum. Perfect for me would be for price to lay back down D7. So out of market for now and hope for a pull back so I can draw a trend line over an 'abc' pattern.
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