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.

Thursday, 7 March 2013

EURUSD:1.22pm

Claims report due soon, so back later this afternoon. Leg 'c' is 0.2 pips above leg 'a', so the diagonal within the regression channel looks valid thus far. Could just be a flat if pops down nearer pivot or something else altogether. Just as a reminder, this is the context of the moves. A diagonal would use up time to allow price to get a way from the red line to the left/above of price - it needs a cross over or blue line to pass through in the grid. Me thinks diagonal would be perfect to leave the ending diagonal here.

No comments:

Post a Comment