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 20 December 2013

EURUSD

Pull back to diagonal perimeter is usual price action but has to hold if a move past the daily pivot is to catch. Yesterday's low is in the same place, too.The MMA wave on the 6 pip range bar study is trying to turn but some consolidation to let VWAP catch its breath is key, and to calm any immediate thoughts of turning my diagonal into a 'b' wave of a running flat in the downward correction, instead of ending it, as in my thesis.

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