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, 6 March 2013

EURUSD: 3.17pm

Trying to long again. Price is right at the junction/square bottom off the 1.3708 grid. I have marked out the wave 2 count with a green box. If that was a wave 4 we just had, the rule of alternation does not seem to have been met here. I'll leave it loose, but seems we could count an 'abc/A' up and now 'abc/B' down in a wave 4 thus far, if price stopped on the line. We are right on the Monthly DMA having rejected the daily this morning. Just not happy with that wave 4 formation but with hindsight I might need to be. Anyhow trying to go long here till wrong.
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