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, 26 November 2013

EURUSD

I'll do a full analysis after the school run, as I did not do a weekend report due to other work commitments. In the interim, I am flat at the moment, having covered my longs again last night at 1.3532, and thus far relatively happy that I did. Given the momentum going on since yesterday, I thought this might be a 'b' wave and maybe it will triangle here for a bit. I can see the 3 waves up from 1.3398, so maybe a triangle to separate out the next leg up to the monthly pivot (my goal for the week!) is on the cards. Alternatively, it is just a slow start uphill in what maybe a 5th. Either way, I'll be trying to release those shorts as close to yesterday's low as I can, with cover placed under today's low when it happens; the idea being to leave the longs naked for any breakout to the upside but secure if I am wrong.

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