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.

Thursday 29 November 2012

EURUSD 4.52pm

Of course, this could be the 'abc' retrace I have been waiting for all day, but I am short into this with stop now moved to above the 1.2984 turn there. It bounced just above the 1.2938 low from earlier today and My-Wave is still up, so all perfect except I just can not close the shorts and go long - maybe I am weak? Hardly any risk on now but a wasted day if this turns up and takes out the top in the rocketship EW count. If D1 & D2 remain broken to the downside, then D3 is the target and that is the one I have been gunning for. We shall see but somewhat happier than this morning!
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