Comment by Peter jcp on September 12, 2012 at 11:37am

Oh no I had to scalp buy again at 1.0474 - but would need over 86 to worry me about being lower still - ;-)))))

Comment by Peter jcp on September 12, 2012 at 11:52am

EU joined in on the fun (lol)

Comment by Peter jcp on September 12, 2012 at 12:28pm

Loads of trades for scalping ;-))

Comment by Peter jcp on September 12, 2012 at 2:40pm

AU still falling Lisa after 2hrs of "teasing" along with decoupling etc and all the other tricks which have been going on to confuse the retail trader 

Comment by Peter jcp on September 13, 2012 at 6:25am

Morning Lisa - re AU - being a short term trader - I did not keep my scalp sells on this pair and came out after London close. I mentioned to you in this blog 18 hrs ago or more after you read this that I would be worried if it went back to 86 - (1.0486). 

Well it did to the pip - but so far as not gone above it. With .1.0505 being the top for yesterday is now 1.0486 - the LH.- leading to further falls again ? Or will we challenge that price again this morning and try for a new high ?

I am OK and already have my scalpers range to work in ( 86 -60) so will carry on just taking my "crumbs"  - whilst waiting to see what might be install.

Meanwhile back to the EU and GU - but look forward to your thoughts on today's AU movements.

Have a great day 

Regards 

Peter

Comment by Sundaram on September 13, 2012 at 6:49am

Next Support level 1.0393(0.50%) and 1.03435(0.618%)

Comment by majimaji on September 13, 2012 at 6:56am

imho worth shorting around 1.0480/90 area if we can get there, first target as 1.0430

Comment by Peter jcp on September 13, 2012 at 7:46am

Hi Majimaji and Sun - you were right - I had initially thought it might hold at 50-60 support  - but after being out for 40 mins - notice on return we have gone under both those minor supports and slightly below yesterday's low of 0441. That's approx 100 pips of movement in  2 main moves since then and I hope you managed to get some of those pips.

As its stands we are doing LH's and LL's now and so if that continues I agree Sun- we might try lower with the 2 levels you mentioned or just to 0412-19 area. Just got the feeling though we won't get a 100 pipper in one go ;-)

Comment by Keith Shaw on September 13, 2012 at 9:39am

Interesting view from a 30min chart Peter, it looked at though price was going to 'zoom' through that muddy/support zone, if it continues with similar momentum of the last 3 hours out of that zone then technically there is room for a nice drop.

Comment by Peter jcp on September 13, 2012 at 12:02pm

Hi Keith - I think this is example of a "Change Of Noise" ;-) All looked OK for under 0430 - but its just stopped and as gone nowhere the last 4 hrs. Well done Majimaji - with your initial forecast - spot on ;-)

As you say Keith - if it does break through support - there is room for a drop. Below 0460 price area it still may be on - but over then it might have turned as it trying.

With it being a big day for news items we might well have to wait. Lets hope the start of the US session can at least create a few nice moves for a start

Comment

• ‹ Previous
• 1
• 2
• Next ›
• Page