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.

Monday, 9 December 2013

EURUSD

I think we are there or there-a-bouts for this 5 waves up. I have added in a fib retracement grid to measure the response. The monthly Pivot stands at 1.3666, which only gets us to 38.2% but maybe all we get with the weekly pivot a lot further down at 1.33502 and Weekly R2 closer above at 1.3828. Been a frustrating day, as I need the retracement to go long and I am carrying shorts having released my longs earlier at 1.3726. Might be another squiggle up, but hopefully get to bank something later tonight or tomorrow.

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