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, 18 February 2013

GBPUSD:5.45pm

What a stunningly tedious day! No change to weekend summary in the 'Dollar Pairs Lines in the Sky': price did bury itself back in the diagonal and since then, the daily trend band has flat-lined after the move down came with negative divergence on the SMi cluster. Price did break out of the diagonal but has nestled back on the perimeter. All looks good for the move up but I have been sitting on this since Thursday and it is easy to lose focus. I'll bank anything punchy that make sit close to the monthly trend line (thick red) on the first move up and follow a retrace back.
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