EU - Tuesday 17th July - Live trading and updates
From 8am UK ( 3am NY) we will be discussing live intraday trading along with updates mainly on the EU pair in the ForeXmosgate group. If you are not a member there is a link for today on Sir Gissa's post yesterday featuring the Eu charts and in the comments below
Meanwhile pre London Open - Eu supports around the 1.2265 area and 2245. Under 2223 might show further lows - whereas if either support areas holds then we need over 2300 and present high of 2314 for an attempt on 2335 then further resistance at 2355-70 price zone
Have a great day- and hope to see you at some stage at the "gate"
Replies to This Discussion
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Permalink Reply by Sundaram on -
Almost 100 pips fall from the high. Now the small stuffs are "oversold". Do you reckon year low(2161) is still under threat? I am buying.
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Permalink Reply by Peter jcp on -
http://www.forexstreet.net/group/x -
Hi Sun - come and pop into the group and have a look whats been going on.
2181 was a critical support area for me - and so far its holding. We might get a fade out to 75-78 in next 10-15 mins - but if we dont then i think its more buys confirmed over 2292 and 96.
Resistance then above at 2200 and 2210. If then over the next 2 hrs we did not gain higher - then it would be more tests on 2280 support - and if that went then yes 2261 would be tested - or price around it would be "teased"
Have a good day Sun
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Permalink Reply by Rao Khassan on -
Hi Peter,
Thank you for a nice hint - unfortunately I've missed it. Next time though I'd really like to join you. Is it possible?
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Permalink Reply by Peter jcp on
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Hi Rao - yes you are invited into the "gate" - no problem - pop in and just request an invite and you will then be accepted - regards Peter
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Permalink Reply by Peter jcp on
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5.30pm UK time - 14 trades on EU today - 2 wrong - losses 8 pips - wins 172 pips net pip for day = 164 pips
My target for a normal day is 40 pips. Today at least 80 pips were on lower stakes ( 1 lot) and the rest were on between 3 and 5 lots.
Although I have traded over a 9 hr period I had 1 hr off for lunch and several breaks of 10-15 mins .
Am I pleased with today - yes - am I delighted today no - mainly because i missed some other good trades on the GU - but that's life
Please let me know if we should have another go tomorrow ?
PS Thanks Pixta for your contribution - especially some really good charts ( mine are messy ;-) also thanks to Yutaka -
To all out other members - come on guys tell me when you are around the most and then we can incorporate some live trading for you as well
Regards
Peter
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Permalink Reply by Sir Gissachance on
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Hi Peter,
Thanks for another wonderful post and technical analysis. As a fellow ForeXmospherian and member of ForeXmosgate, we and the rest of FXstreet fully appreciate your hard work in posting and updating throughout the day........See you in the Gate mate : 0 )
Best Regards,
Sir Gissachance
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Permalink Reply by Peter jcp on
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Thanks Leon and Sir Gissa for the nice comments Hopefully all our styles will compliment each other - I am always scalping both ways ( but not just for only 2 or 5 pips moves - more 5- 30 pips) and I know Rao is a intraday trader - whereas I can see Pixta can take all trades but prefers looking for the longer runs.Yutaka is new to FX Street i believe and has some great charts
Once we have a few more experienced traders from the ForXmosgate group join in - we can then start live trading on some more popular pairs- with us each contributing on whats going on. For example on the main rise on the EU after the news announcement - the GU went up nearly 100 pips as well - but i missed a large chunk whilst concentrating on the EU buy scalps
Still this is a start - so we will keep improving and progressing etc and I welcome all comments on how it going.
Look forward to all your charts and views etc during the "live trading" - don't worry - I don't get put off my scalps ;-)
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Permalink Reply by md ashiqul alam on -
Dear Leon I am new in forexstreet and also Forex market. I just know about basics in this market but I want to learn more. It will help me to understand this crazy market.Please accept me.Best regards.
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Permalink Reply by Peter jcp on
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Hi Leon - there are may ways to do it. I do it a fairly simple way by taking a screen shot of my charts on my monitor and then saving them in paint - and then cropping to the what you want to show and saving in pictures. Then I will go to the blog etc and look for images - and then load the chart from my pictures onto the blog.
Alternatively if you go onto google there are many sites that you can use for screenshots such as Jet screen etc - they will provide instructions etc
Hope this helps
Regards
Peter
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Permalink Reply by Peter jcp on
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Hi Md Ashiqui Alam - I notice you are new to Forex trading and understand the basics. I suggest you check out the FX Street Educations pages and sites like babypips.com who provide excellent study materials and this will assist you to learn more. The ForeXmosgate group is open to all - but we do recommend you have at least 3-6 months of study and trading behind you- even if on a demo - before trying to follow what many of our members might be trading.
Some of the trades we may undertake are more intermediary and advanced and we would not want to confuse you or mislead if you are still going through the beginner stage. Trading is very much step by step and the journey can be long - You are welcome to watch - but please get to the next stage first and then look at becoming a member.
Regards
Peter
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Permalink Reply by md ashiqul alam on
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Dear peter sir I would like to join you.How may I?
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