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.

Monday, 3 December 2012

EURUSD 6.24am

Longs closed out and now out of market. Price has got right up to D5 (recall this is a median line and some leaway on proximity has to be given for touches)and the SMI clusters on both the 60min and 240min look toppy. No matter that price may continue, I will relook for entries near that last low last night to go long again, but generally wait for the SMIs to soften. I'll only short, if on a retrace, the daily My-Wave remains turned down, which it is not at the moment.
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