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.

Friday, 23 November 2012

EURUSD 9.33am

Looks like an ending diagonal pushing into D4. Break of D1/4 and daily pivot should see ED broken but might play about inside the formation for a bit. The volatility envelope is still looking leggy without a retracement to T4, and we have negative divergence, but T6 is so close now.... T6 is the brother of D6 from this morning's chart. T6 is sloping downhill and is closer to the monthly My-Wave in time frame, which is also still turned to the downside, as we saw earlier. Deep retracement is my bet, accepting that I possibly need it psychologically, to justify my shorts from Wednesday!
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