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 7.56pm

I have transposed as much of my working studies on to one chart as I can without really making it messy. Moving to a 30min chart gets D6 on there too which provides me with a bigger overview. That wave action since yesterday 'down then up' defo looks like 'A' down in 5 and then B up in 3 for an expanding flat. We just got 1 down in 'C' tonight. That is my closing thoughts for tonight and I'll be looking to short as close to today's high as I can with stop just above. If it isn't right then I'll lose a few pips but good risk reward me thinks. This fits with my daily SMIs that need steam letting off at the very least! I'll explain matters on this chart in the morning but wave count looks cleaner on this.
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