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, 5 December 2012

EURUSD: 10.05am

Not going to be as many charts for now as the upload from google docs is rubbish. Having to use Photobucket and that makes things a little clunky. Anyhow, the daily My-Wave was setting itself up for a stop grab and so it has. Need more price action to see if this is going to turn over now we are out of that diagonal, and in the interim, having to scalp lower highs or vice verser if turns back up. Would still like to see 1.3060 area where D5, D1, T4 and the next My-Grid line sits. A turn up from there might be worth playing long again if the SMI has bottomed out.
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