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, 13 December 2012

EURUSD: 1.02pm

Price moved down and tested the fib fan again and moved on. Top up added and stop now below that touch point and the daily fib. As fibfan looks solid, have drawn in the parallels above to the depth of the 1st wave and the fibo expansions. A move above the orange D1/4 and then each parallel line provides and opportunity to raise stop and add or refuel as appropriate. Trading the waves 101.
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