For a change today I thought I would tackle the EU differently - and show how in the dynamic market place how the price bias can keep changing throughout the main two sessions - Europe and US.
As you would expect from a high of yesterday at 1.2956 - price dropped through the end of the US session and into the early Asian session - finding a low of 2904 - range 52 pips.
Since then and over the last 6 hrs price rose back up to 2943.- 41 pips From London…Continue
The chart above is a 3 minute over 3 days on the EJ. As I am sure you know - I am mainly a scalper and so you would expect to see me on the small frames - but I think its important to point out - that every week - I do look at my monthly / weekly charts and most days will have brief look at the "history channel" - ie…Continue
Today is a Monday made worst by the many Bank Holidays in Europe and also I believe in Canada
Mondays are normally slow ( not always though - as the market like to catch traders out when it can ;-0 ) - and so we expect movements at the London Open - but since then it's hardly been a morning…Continue
As you can see the Swissy as dropped so far approx 50 -60 pips and the EU as risen approx 35+ pips.
Today they have a correlation - but normally I am not into any market correlations - simply because the players being the players know the…Continue