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 15 November 2012

EURUSD 6.34am

D2 has held overnight with price using that D1 trough as suspected to consolidate its position. Also the 1.2736 Gann line held too. D3 is looking like it may well get pushed for today, but unless price action takes on a more aggressive stance, that might be a place to look for reversals downhill, whether corrective or not. Looks like the market does not trust this move uphill at present and nor do I tell the truth!
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