Comment by Peter jcp on February 25, 2013 at 12:50pm

9 mins to hr change and still not convinced S & R's will stop all the main pairs atm - might know in next 18 mins though ;-)

Comment by Peter jcp on February 25, 2013 at 1:03pm

The AU was OK for you Sun and carried on retracing - EU and swissy though still carrying on atm though with their prior hr change moves and breaching S & R areas atm 

Comment by Sundaram on February 25, 2013 at 1:05pm

AU slide continues slowly, while EU hit phi m5 shy of 6.8 pips 33269

Comment by Sundaram on February 25, 2013 at 1:10pm

Sorry it is not m5 but m30 chart (Fib 1.3493 to 3147)

Comment by Peter jcp on February 25, 2013 at 1:11pm

Comment by Peter jcp on February 25, 2013 at 2:12pm

That last hour change at 2pm UK time and 9am NY - was a classic market play - encouraging bears into sells under 3300 etc and then a 25 pip up spike on hour - to take out stops on new entries.

We remained under the high of 3318 and have since started falling again - but to me shows too many traders are looking at selling here - and the players or market makers don't like it - and show their strength with the spike ;-) 

Remember they have other part time jobs as "bar stewards" ( or similar) - and they are reknown for not giving any one a "free drink" ( lol)

Comment by Peter jcp on February 25, 2013 at 2:38pm

US market opens and EU a scalp buy again - and price did not drop below 3270. - range now 3277 to 3318 - we need one to go for more confirmation - otherwise all you can do is scalp in between. Out for next hour - so closing EU scalp buy at 3300. GL and I suggest you wait for more confirmations as market is playing and might have more tricks up it's sleeve ;-)

Comment by Sundaram on February 25, 2013 at 4:08pm

I closed EU short for +70.2 pips, too bad I closed AU earlier but 3 scalp sells in AU was 30 pips in total. Grand total 100.2 pips.

Comment by Peter jcp on February 25, 2013 at 4:22pm

Still a great day for you then Sun - even with the slightly early entry  - we need to get you some "delay action" protection so you don't quite peak too early ;-))

Comment by Peter jcp on February 25, 2013 at 4:34pm

For this half hr if EU price goes over 3215 and 3226 - we are turning again for another try up. Its then is it a LH under 3318 ?

Comment

• ‹ Previous
• 1
• 2
• 3
• Next ›
• Page