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.

Wednesday, 11 December 2013

EURUSD

Not backing off from that 1.3792 line in the sand - been nearly two days there. I have dropped my shorts for a loss (which hurts) with cover under today's daily pivot. If price makes it to the 45 degree angle above, I'll be back in profit and able to look at the downside from a much higher vantage point. If price can break the 1.3792 line and then take out the 1.3831 high, I'd rather be naked long in case something special happens: well, it is worth 25 pips risked anyhow! Fingers crossed.

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