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.

Friday 14 December 2012

EURUSD: 6.34am

With all the choppy climb, price action has offered as much opportunity down hill as it has up, so far. The 'D' lines however are set up for a strike downhill in my opinion. The distance travelled from the left hand side of D5 to the right is now about equal. D1 topping trough was completely ignored, although it may have slowed things down a touch. D2 is now in a troughing 'top'. As I said yesterday and last week, D2, D4 & D6 are the next sequential brothers of D3 & D5 and they don't sit up here. I am also looking at the confluence areas down there and wonder how we might get there so quickly. Still shorting the spikes up!

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