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: 6.28pm

Looking like this is not ready to go up as yet. Short term counts look like this is an 'abc' retracement up from the daily pivot. Have banked long bounces off the gann lines and look for a drive down (perhaps to the annual pivot at 1.2903) to try long again. I am not shorting with the 2day SMI where it is on prior charts, and will look to add longs after drives down - so continuing to play bounces above gann lines.
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