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, 7 February 2013

EURUSD:7.41am

Weekly trend line is green for buy. Happy that I took off my shorts last night at 1.3512 after that tight entry, but still room in the SMi there to make my buy target at 1.3460. This is right on the monthly trend zone too, so if the higher low holds there, we could have a worthwhile 'c' up to play. Food for my thought: if price ain't going anywhere, it hasn't got to where it want's to go in the opposite direction to the one you are hoping for!
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