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: 9.56am

Well that is D5 hit exactly. We 'cut' D4 back on the 23rd and by hook or crook, we got there. D4 and D6 are the next sequential numbers to D5. Or alternatively, a push on to D7. But.......all of them are way below this price range. See 240min chart for birds eye view. Looking for lower high to short this now but wary of that My-Wave in the first chart. The alternative is a jump to D8, but I still prefer the pull back first rather than later. If you have not read this weekend's Lines in the Sky, might be worth a review are where we are right now.
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