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 9.25am

Price challenging D1 right now. Still do not like the SMI position on 60min and will wait for that to come back down again to go long. Shorts still on, as tiny and will release when SMI bottoms out if above D1 to reverse long. Games being played me thinks. Refer to daily chart in 6.26am post!
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2 comments:

  1. tradeblog29 November 2012 at 09:49

    as said before, whatever indicator will malfunction during a wave 3 until it is about to complete, good luck

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  2. Clivewaverider29 November 2012 at 09:56

    I know, but I am not using it to enter short. I took my short gains yesterday and reversed long, banking at 1.2950 last night. Just want to enter long on a retracement is all given my bigger picture view.

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