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 8.47pm

Price is now back at D5 - my really short term My-Waves (1 to 4hours) have rolled over at the crest of the daily wave, right at the ED perimeter too. The question then, is how far the 60min SMI cycle downhill will travel and whether there will be a compounding effect from the 240min cluster and the daily. There is a lot a meat in that wave up to a month in duration and we are at the My-Grid wall calc'd from the initial decline from 1.6037 in 2008. Key moment or just a minor retracement? I hope for the former and keep looking at the golden cup of D4 on this My-Grid up from 1.2041. Come on....
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