Comment by Peter jcp on February 25, 2013 at 10:43am

We are on the fourth main up wave of this morning and the other 3 have been approximately 30-33 pip is length. This one started at 3236 - so will we see 3266 -70 next in this hour ?

Comment by Luke Sierpniak on February 25, 2013 at 11:03am

Interesting moves Pete, godd morning by the way, i'm just scalping those longs for a few pips as this can turn any second, GL

Comment by Peter jcp on February 25, 2013 at 11:29am

Hi Luke - have updated my previous chart and watching time on 3274 and then strength of supports at 66 -60 and 55 areas. It's been a nice move up - and really I can still see more over 3250 area and would only hold scalp sells if we fall below 50 and 40 I reckon - have a good day 

Comment by Peter jcp on February 25, 2013 at 11:38am

We need to see over 3276 during next 5 -10 mins - otherwise - will be looking at scalp sells again

Comment by Sundaram on February 25, 2013 at 11:51am

Good Day Peter! Sold @ 3268 TP 3250

Comment by Peter jcp on February 25, 2013 at 11:59am

Hi Sun - I hope you are having a good start to your week. I have not traded the EJ and GJ this morning - but instead sold the Swissy as it was in reverse sync mode to the EU so far. I am with you on the scalp sell under 70 - but - still think we might have more legs for up if some of these interim levels hold. 

Comment by Peter jcp on February 25, 2013 at 12:05pm

3265 low and 68 became a scalp buy again - but we need over 76 to hold for higher 

Comment by Sundaram on February 25, 2013 at 12:08pm

Hi Peter, not trading EY and GY too.since this is last week of month, I guess focus could be on majors instead of crosses. Yes I see the sell is not yet in confirmation, probably entry was early. Next half or hour we may see the slide. I am holding it, first target 3250 and next 3236 and below.

On the upside 3300 may cap it.

Comment by Sundaram on February 25, 2013 at 12:16pm

Sold AU @ 1.03258( hit TL R m30

Comment by Peter jcp on February 25, 2013 at 12:25pm

1.0330-35 is resistance on AU Sun - lets see if half hr change holds it ?

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