EU - Friday 11th January - Intraday trading updates

Morning Traders - 2 charts above - one from last night with immediate key support levels and a tick chart from this morning of a scalp buy from after European Open - stopping just lower than yesterday's extended late high of 3278.

So we already have a LH - but need under 3248 to really count it - and with 8 mins to London Open expect anything this next hour ;-)

Have a great Friday and look forward to all comments and everybody from fellow scalpers to EW- swing - pattern etc etc - please post any charts etc you like

Regards 

Peter

Views: 872

Comment by Angely on January 11, 2013 at 2:30pm
Sun, It's not you the only one there, who facing the internet connection problem while trading in the big news and big waves, lot of trader here also have same problem. Kind of cheating they put in the system that all the MT4 platform broker suddenly have no connection. The data connection will suddenly become unavailable. Even I couldn't get into my previous working network connection. It happens a lot. The symptom is basically, during the big news, it will suddenly drop and lose all data connection every so often. You have to restart so many times as long as the news is still in progress. Its frustrating of course, for me there's nothing much I can do. You will be able to get every thing back to normal when the markets calm already, when the thunder is passing and you lost your chance to enter the market and probably got your stop loss hit.
Comment by Romano on January 11, 2013 at 2:52pm

This may be some global attack on networks, I saw it few times happening to my broker too, or I couldnt close position. It could also be those stupid HFTs if they take up all orders so then u cant close. I wouldnt be surprised if some banks hire hackers to DOS attack competition.

Comment by Peter jcp on January 11, 2013 at 2:54pm

Well done then  - glad you have it sorted. Coming up to hr change at high of 3365 is also a fib level and important resistance area.  Its been a nice scalp sell under 3360 and so would expect a bounce - but think we will stay under 3360 and even 54. if we dont - price might try high again. If we do saty below its case of breaking supports below next at 3336 and 3319-21 area

Comment by Peter jcp on January 11, 2013 at 2:58pm

Nothing would surprise me as well Romano - every trick in the book played plus many no others have thought of yet ;-))

Comment by Peter jcp on January 11, 2013 at 4:20pm

We are in last hour of London session now and price only dropped to 3320/1 and then went back into a scalp buy from 25 + onward. Currently still a scalp buy at 52 and its now whether it tries R at the 3365 level- or whether we post a LH at say 58-62?

Ten minutes to half hr so more clues awaiting ;-))

Comment by kamdi eloji on January 11, 2013 at 4:26pm

@ peter still at 493 but dropping abit mixed on the next target?

Comment by Peter jcp on January 11, 2013 at 4:29pm

up trendline from 21 holding it above 38/ 40. If 3335 went tend to think will try supports again at 20 and under ?

Comment by Peter jcp on January 11, 2013 at 4:58pm

I am clocking off for London close - and will finish all trades. The market with then probably move another 100 pips when I have gone ;-)) Have a great weekend and lets try and make next week a better one than even this week 

PS over 3372 and 80 keep buying and under 3320 sell meanwhile - have fun ;-)

Regards 

Peter

Comment by kamdi eloji on January 11, 2013 at 5:04pm

at london price i think price will close at the current range 335 what do you guys think 

Comment by kamdi eloji on January 11, 2013 at 5:06pm

aight peter have nice weekend and i will too 

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