Comment by No money on February 22, 2012 at 11:48am

Nice chart Peter, thanks. Regards

Comment by Keith Shaw on February 22, 2012 at 12:11pm

You found some good lines there Peter, AND you caught that GU 'DIVE' earlier today, that move was just to quick for me , even to chase it was futile !!, have to and wait for a pull pack type scenario before trying to frame a trade around that pair on the 15 min.

Comment by Keith Shaw on February 22, 2012 at 1:41pm

The pull back trade set up we spoke about Peter on the 15min  after that precipitous move down worked out very well, see below chart. It was a Fx Boot Camp type play.

Comment by Ken on February 22, 2012 at 1:41pm

nice one Peter. Is your chat playing up btw or is it just the goats useless computers?

Comment by Peter jcp on February 22, 2012 at 2:04pm

Hi Ken - useless broadband feed and computers last few days - still not right at times - but been assured broadband work as finished and back to normal ( I hope). In and out of Chat today

Keith - yes it was just a matter of time and a 25 pip pullback that could have easily been more - before the fall again. GU now on more support and looking at both way scalps until we get more clarity.

Comment by Keith Shaw on February 22, 2012 at 2:41pm

Where she stops no one knows, slicing through the muddy area on both the 1hr and 4hr Peter, need to zoom out to the 8HR ... to get a better 'view'. See Below.

Comment by Peter jcp on February 22, 2012 at 4:42pm

HI Keith - this helps when you are just after you 10-50 pip moves  - see below - continuation of first chart

Comment by Peter jcp on February 22, 2012 at 4:56pm

Just realise keith - that chart was a 3 minute instead of early one which was one minute on different LR set up

 

Comment by Keith Shaw on February 22, 2012 at 5:23pm

Again, capturing some interesting price action especially if you can frame a trade around it. Patterns and market structure on both macro and micro times frames, such is the fractal nature of price.

Comment by Peter jcp on February 22, 2012 at 6:47pm

Agree Keith on framing the action - over 160 pip drop if you could have left on from high - but 2 decent sells - 3 average scalp buys and 2 wrong scalps left me up 86 pips - so excellent compared to EU - which was difficult and AU  -which I neglected - need more monitors etc

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