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: 10.38am

That was a direct hit of that Gann line (calc'd off 1.2659 low). If the daily pivot holds, then perhaps the break out of the ED is a faker (that is with an 'a' not 'u'!)and it takes the 1.3156 gann line first before coming down again. From the last post, it can be seen the Daily My-Wave is still formed uphill. I shorted into the Pivot, banked and now long with stop just under. Hope for the pop and drop, rather than just drop. Tiny risk. If it drop, then wait for retrace.
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