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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.
Thursday, 24 January 2013
GBPUSD: 7.32am
GBPUSD acting in line with yesterday's plans. Price right at D1. Looking to buy a breach of D1 for both tight and profitable risk reward. D1 should target D2. Nice!
Wednesday, 23 January 2013
USDCHF: 5.31pm
Closed longs. Just nothing happening across most of the charts re USD crosses bar USDCAD which zoomed. Been a very good day but having to work hard with no cream for free. Bought some night nurse, so hope to feel better in the morning.
EURUSD: 2.25pm
Closed shorts on EURUSD - 30 quick pips to add to the GBPUSD haul. Just the USDCHF longs left for today and I want to focus on that with what mental ability I have today. What a flu I have got!!
EURUSD: 12.40pm
I still dont quite know what the count is overall here but this mess since yesterday seems to be an 'A' down, then an a-b now c up for 'B' and perhaps a 'C' down to D5 again -this caused the bounce yesterday. Taking a half allocation short here at D1 and 4hr bollys closing in above.
USDCHF: 12.16pm
Back from sledging; snowman built; manflu not great. Glad I banked the GBPUSD. Await an 'abc' on that back to low of day before playing again.
However, USDCHF is getting close I think.
From the weekend report, we saw that price had broken out of a diagonal and taken D8 to the upside.
Price has in fact been tickling D6 all last week and this, in a diagonal too. May need to get down to D8 to finish the 5th wave but not too far a way at all now, given the upside. A spike out the bottom would just be too good, wouldn't it? I am fading from here.
GBPUSD: 9.57am
That's me banked and done for this morning. We are at 100% extension of the proposed 'a-b' and My-Wave would love some consolidation to get its footings I am sure. Price could move straight to 2R which would be D1 and the 162% extension but I'll take this and go sledging with the kids. Catch up later.
GBPUSD: 6.28am
Woken up with full blown man flu this morning, so not a lot of posts today. One look at the EURUSD chart was enough to put me back to bed. Still like GBPUSD for a return to D1 or more. Trying to pick up higher lows and a move up for a 'c' wave in retracement up. Will add some notes to the charts below later, but look at D10 bounce and return to D7 following cut of D8. You'll need to look at first two charts and follow the storyboard.
Tuesday, 22 January 2013
EURUSD: 6.42pm
Too much hanging around for me. Another bunch of pips and made up for not banking it all this morning. Out of all trades and will look afresh tomorrow.
EURUSD: 4.28pm
Moved longs to breakeven. Have drawn in a triangle but a pop through probably means we are in wave 3 up to a new high and then drop. Either way, hopefully more money for the bank!
EURUSD: 3.42pm
Having a punt at a long - stop below the last low. May have to enter again if pips it but too much risk of waterfall to leave it naked.
USDCHF: 3.20pm
From the weekend report - looks like backtest of ED perimeter getting close now & D8. Looking to buy...
See how the SMI cycles leaves the lows in this possible ED in 'C'.
EURUSD: 2.22pm
Call me a wimp but I have closed the shorts - less than I should have had after this mornings eruption but this price action is too sloppy for me to keep hoping it is going to keep moving downhill, especially when the intra-day My-Wave refuses to get in line.
Banking the money and wait till it looks prettier on the eye, even if it means missing out on more gains downhill here and now.
EURUSD: 2.09pm
Is this building a triangle at the end of a corrective?
Looks like a 'b' wave in the middle of the SMI cycle - will be banking shorts close to that last low and wait for price to get back to D1 in last chart, unless get thrust down.
EURUSD: 12.59pm
Have moved to BE again on this move down as we approach daily pivot - also where D1 sits on 30min chart from earlier. Plenty of life in the SMI for this to continue down to at least test this morning's low, but prefer not to be sat in a drive up, if it comes instead. Something that sticks would be a real treat at the moment!
GBPUSD: 12.13pm
Sweet bounce off the ED this morning. Too busy messing with EU to play with this but hope to catch retracement if she comes along.
Alternatively, if it gets within a few pips of 1.5892, then will try a sell.
EURUSD: 11.28am
An alternative count that may suggest further upside for a bit.
I'll see how the next SMI cycle on the short term charts looks - at the moment, just looks a mess, although short anyways as hoping the (1-2's) count works out to D3.
EURUSD: 10.27am
That just clipped my entry price and took me out for BE. Pain in the backside. Should have banked. hey ho. Looks like a back test of D2, which it broke in the swoon earlier. Lots of players missed out I presume, so back to the starting line? Have re-entered with stop above the high. Lets see if the 1-2/1-2/1-2 count holds from the 1.3403 high or not. Very very bouncy.
EURUSD: 9.21am
So D2 failed, and now D1 has been taken out. If D5 is beaten too, that D3/D4 cluster makes perfect sequencing sense. D1 & D2 would be in bottoming 'domes' around there, so hope to bank and await retrace from down there.
EURUSD: 8.12am
Looks like an ED running up D2 (see earlier charts). Will need the short term SMI cycles bottom out to see how price action reacts to that proposed 'b' low from yesterday. D1 sits in that area, so me thinks that is where we will get today's decision. catch up later.
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