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.

Thursday, 3 January 2013

EURUSD 10.57am

Pushing the 127% extension - given the 100% earlier got so much attention, me getting more comfortable with impulsive leg coming to upside. Just need some proof now! Positive divergence on both SMI indicators and no 'bottom' being built yet on the forecasting SMI - will discuss this later.
Looking like an expanding diagonal to see this leg off. Stops taken for breakeven at 1.3131; now looking for something lower here.

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