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.

Wednesday, 16 January 2013

EURUSD: 4.10pm

Have closed longs here off that proposed 'B' bottom. See if can get a retracement to re-enter long again off that 1.3255 low or look for shorts. Very tight price action and no let up with choppy waves. It looks like a leading diagonal in an 'a' wave in the 'C' or it is part of a larger ending diagonal down to D2 or this is some sort of 'flat' with shorter last 'c' leg. Either way, wait for some clarity. We shall see.
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