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, 13 March 2013

EURUSD: 10.21am

Well, shorting this morning looks good. Just added the monthly My-Wave into the picture. This is so much more visually understandable than all my lines before. The story though has not changed. Price has been consolidating under the monthly wave for a while now and is waiting for the usual 50% retracement zones to come down to it (or price to get up to them). For now, price seems pegged and shorting from bolly tops looks safe to me at the moment.
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