3 good trades and easy over 100 pips on EJ within 4 hrs. I needed 6 trades - but have shown clues - including trendline
I am long in AU @1.02979 target 1.034 SL 1.0285.
Double top on AU atm Sun at 1.0304 - over say 0312 reckon it still then might try higher - but near hour change as well - GL
Top of coming hour, EUR EU President Van Rompuy Speaks to Parliament on Proposed Budget @ 1300 GMT followed by EUR ECB's Draghi Speaks at EU Parliament @1430 GMT (US session open time). Heard that US is on holiday, is it?
Yes - it is a US Bank holiday - so theory is with banks being closed market will be quieter - but - with Draghi speaking and robots working on just price points along with investment groups having 24 hr cover - that does not mean we cannot see good movements - and of course Europe still well active for next 4 hours as well.
Oh Pete, I am yawning, not a scalpers market so far, but waiting on for Draghi's Soap Opera
Hi Leon - yes agree with EU - we had movement at London open - then that sudden 10 min quick rise - ( at 9 mins to half hour change) and then about 2 hours to drop approx 20 pips - conclusion - very boring. Meanwhile the EJ was more like how the EU should have been with 3 decent moves.
Although I major on the EU mainly for scalps - when the market is really quiet with no real direction - you need a second and third pair to trade and atm I prefer the EJ to the GJ with the GU being my other pair.
Will see if Draghi has much effect and if not early day with just check around the hour times then - to check out any more scalps
Hi Luke - just mentioning to Leon - you do need to have an extra 2 pairs to look at on very slow days and this morning the EJ was the one for me. If you are holding a buy from low on EU then you might have got out with 40 pips or even more later - but as you say - EU is not a nice scalping pair for today.
I am long in EU @3365 TP 3394 SL 3350.
EU still in up bias mode from low - but need to stay above 3345 - for that to remain valid - also GU and AU now trying up again
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