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.

Tuesday, 5 March 2013

EURUSD: 2.28pm

This is better price action - price is bouncing away now above My-wave which only makes it stronger. It is still trying to turn up. Price right at the failure point on the Gann grid from the 1.3708 high. If price breaks back in and holds, could get a thrust. I'll be happy around 1.13130 today, me thinks, at the bottom of this smaller degree square. Anything stronger and I'll switch back to the daily chart at 1.3196. Stops are just going behind the Gann lines on the My-wave chart as we rise.
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