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.

Wednesday 21 November 2012

EURUSD 6.05pm

Fading this short from 1.2826: see last post for diagonal possibility. 60min chart and 240min chart showing overbought conditions on this poor momentum run up and we are at that grid wall of mine again and the wrong side. See where this next turn takes us. This whole move up from 1.2659 is starting to increasingly feel corrective, confused perhaps by the US holiday season. Either way, can only play the waves the market gives us and try and call the turns as they happen. Joining up the dots is only the cerebral massage, not the money shot!
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