Morning Keith - as a scalper you must laugh when I say it resting on my daily up trendline from the low of this year. Also weekly OS - so unless under 3150 - still think both way play for now - have a good day
Hey Peter, yes, there's a huge 'gap' between a daily and a tick chart, you also reference the weekly, surely that's for longer term swing type trades (?) , I guess the key thing is, some how you are able to put it all together and you have rules that you follow to make it all work.
Great work Keith ... keep it up
Nice 50 pip move up Keith - but did have sells in between - even when scalping - I like to know the big picture view - even if i dont always believe it!. US session hopefully will not be boring - even though it still a Monday and plenty of time for more play
Yes Peter, a nice move up from 3159, 3186 broken and retested as support, 3211 and 3226 taken out to the upside, little bit of indecision as we await the US Open in ~10 mins.
State of play as of 5pm (gmt), Lows of the day 3159, high's 3240, 81 pip range thus far.
After London close seems to have slowed down - enough for today - time for a cup of tea Keith
Agreed Peter, just looking at price action as it grinds to a halt on the 5min as we head into the US afteroon trading session. 7:00pm gmt.
Key levels for this morning a we kick of todays European trading seesion, 45mins to London open: Asian Session Range : 3225 - 3186 [39 pips]. Yesterdays Trading Range 3240 - 3159 [81 pips].
See below 30 min chart :
Bearish sentiment from the first 1hr of the European open, 3208 - 3190 [18pips], 15mins into the London Open and price pushes down to take out a Key level, Asian session low of 3186, if it's not a stop hunt - fakeout, then next key levels i'm looking at are yesterdays lows 3165 - 3169, else upside targets are 3211 and the Asian session high 3225.
Join FXstreet.com Forex Social Network
Welcome toFXstreet.com Forex Social Network
Sign Upor Sign In
Or sign in with:
by Francesc Riverola
by White Rabbit
© 2013 Created by FXstreet.
Report an Issue |
Terms of Service
Please check your browser settings or contact your system administrator.