Morning Keith - 10.40am (5.40am NY ) - I need 2655 - 67 then 85 to appear for more scalp buys and on sells only under 2632 - 25 and 2617 for lower.
MY S & Rs are at slightly different prices - but still within 5 pips of yours so nothing unusual.
Also marked up and down trend lines on 3 and 10 min chart and they match nicely with your price areas
Hope you caught some of the fall ( or all of it ;-) ) and have a great week
Hey Peter, content with this mornings action thus far as we head into the UK Lunch Zone.
12.03 UK and 7.03 am NY - Not in this scalp sell from 55-59 area - as been out for just over an hr - so missed it
I had 2612 then 2600 barrier and under there 2588-93 as next supports - and now need back over 2645 for any more scalp buys. Will wait until half hr now for next decisions etc
Just as a side note Peter, on the back of the good work and charts that James Rolain posted in the group section re Fibs, there were some neat fib confluence areas this morning, see below.
Seen that Keith - and thought was excellent stuff. On scalping side i am using dynamic S & R which are basically reforming every 15-30 mins
For example now to crucial areas for me on half hr are 39-43 - above and more scalp buys as its turning or under 2619 for trying under todays low and under 2600
For 2pm UK and 9am NY supports on EU at 2588-93. Under 88 had then 2773-76 as next support area
I had 2595 - 2591 marked out as my baseline support on the EU from this morning, that zone is being tested at present as we await US Open. My next down side support zone is ~ 1.2549 - 1.2542, best observed on the H1.
Another 5 mins - might look for longer scalp buys for over 2594 and 2600. All the ones i have done so far have been for under 10 pips - but now EU is OS on a lot of small frames.
If it still slowly drifts down under 2570 then like you Keith had 51 and 42 as further supports - but feel they might be too far away without a good 15-30 pip pullback
Well we nearly had a 30 pip retrace - now really need over 2512 and 2522 for showing a turn and trying up. Supports for me now Keith - like yours at 88-95. Under 87 and 80 needed for any more scalp sells
Thanks Peter, Keith. Regards
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