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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.
Friday, 8 March 2013
EURUSD: 2.18pm
I am out there at 1.2960: banked and a head for the day which was looking doubtful with all the whipsawing earlier. Will wait for a pull back and elegant entry near a gann line.
Hi, Clive. It's not been easy to make sense of euro from an EW perspective. It doesn't look like a leading diagonal.... the 'usual' sensible way is to look at it as a triple zigzag.... though perma bears are all over the place with their multiple 1-2-1-2-1-2 etc.... I posted on the purely technical thread a possibility of an expanding pivots but not too sure as it can still go lower to that much anticipated 2880 zone. How do you count it in EW? Thx. F
Hopefully, you have seen the count above. The alternative LD would have ended further up with a shallow 2nd wave already done me thinks. Don't like it either and still prefer a 'B' wave down from 1.3708. For now though, trying to trade it in the now and worry about the rest afterwards - EW seems better like that!!
Hi, Clive. It's not been easy to make sense of euro from an EW perspective. It doesn't look like a leading diagonal.... the 'usual' sensible way is to look at it as a triple zigzag.... though perma bears are all over the place with their multiple 1-2-1-2-1-2 etc.... I posted on the purely technical thread a possibility of an expanding pivots but not too sure as it can still go lower to that much anticipated 2880 zone. How do you count it in EW? Thx. F
ReplyDeleteHopefully, you have seen the count above. The alternative LD would have ended further up with a shallow 2nd wave already done me thinks. Don't like it either and still prefer a 'B' wave down from 1.3708. For now though, trying to trade it in the now and worry about the rest afterwards - EW seems better like that!!
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