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

Well, the retracement did not go as deep as I wanted, so only got half the longs on, but banked them now. Bit unclear as to what is happening up here, so will see how the downside unravels and decide lower down what to do about shorts. What I do know is that the 12 pip range bar study is showing negative divergence, a volume hop on a possible throwover, overbought momentum studies and a contracting diagonal. For those reasons alone, I am keen to see what the low will look like. The rest is mental mastu.... for the moment!

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