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

4 members like this

Comment by Sundaram on January 11, 2013 at 8:04am: Start of Europe session, price remained above Initial high of 1.32614. Waiting for for more clues.

Comment by Peter jcp on January 11, 2013 at 8:05am: London Open - 8.00am UK time and 3.00am NY - on second scalp buy from 3260 and expecting 3278 to go - but still look upon this might be a false move to just try and get more bulls in.

As I type this I am exiting part stake on scalp buy with that stop left at 61

Over 3282 would look at more scalp buys for an attempt at 3300 - but will also be ready to exit any more scalp buys under 3294

Update in next 15 mins

Comment by kamdi eloji on January 11, 2013 at 8:06am: morning peter i just came out scalp buy now waiting for the next move currently price is at 742 and facing some resistance towards 3300 but i reckon it might get there in the next hour or we will see a drop to 32479 but what do you think?

Comment by Peter jcp on January 11, 2013 at 8:08am: Morning Sun - 3278 is quite a resistance - 3 times so far and not broken - but will it now ?

Would not look at any scalp sells under under 64 and 58 - so still up bias atm

Comment by Sundaram on January 11, 2013 at 8:08am: Sold GU @ 1.616, breach of 1.6145/35 would trigger a sell off ?

Comment by kamdi eloji on January 11, 2013 at 8:10am: oh my bad just saw the last post it clearly answered my question we will see how in 15mins it plays out

Comment by Jim Mathis on January 11, 2013 at 8:10am: Morning Peter, Sun, Kamdi, all.

EJ decent pullback overnight, tight ranges waiting to see further cues.

(tip of the hats to Sir G. for the ears)

Comment by Peter jcp on January 11, 2013 at 8:16am: Morning guys - EU looks the odd one out atm - with it trying another high / On Gu need under 6140 to look at sells for me and on EJ the range is a lot larger to work atm

Still we will know more this next hour and will keep eye on EJ as that retraces to see if it does the same on EU

Good luck guys ;-)

Comment by Peter jcp on January 11, 2013 at 8:24am: So not over 3278 atm on EU and now its a case does 58 -52 and 48 let go for half hr change ?

Comment by Sundaram on January 11, 2013 at 8:27am: GU sliding down, making a low of 1.6145/35 would still be trap for bears. Long order created at sell entry 1.616 and trailing it down. EU haven't breached high yet and half hour change is encroaching. IF high not breached I am selling at 1.3275. :-D

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