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, 3 December 2013

EURUSD

In the short term, I am playing for a final leg up as discussed Friday/Monday. This zigzag count does look neat as a corrective pattern but the expanding diagonal I have been posting is working fine too. It all comes down to the extent of the drop after this rise in my opinion, to confirm whether the move up from 1.3294 is leading or corrective. I am still looking for the monthly pivot R1 at 1.3708, albeit anything over 1.3650 is going to be drawing my stops in close. I want to close out all trades on this rise (if it comes) and start afresh for any drop at the top of wave 2 down, rather than trying to anticipate the turn - new for me that!!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)