EU - Thursday 17th Jan - Intraday moves and updates

Morning Traders - Just gone 9am UK time - 4am NY - one hour after London Open. I was not going to do a blog today as have to pop out a few times - and already late due to earlier commitments.

However I have posted this chart on EU showing some scalping levels both above and below current EU price - approx 3345 area.

Price as been rising over the last 5 hours - over 75 pip move and now it's a case can it break up above the above resistances at 3552 - 58 - 68 70 etc etc to over 3400.

Supports under neath - include 3325/7 and 3310/12 - please remember all our charts differ so allow one to three pip differences on price according to the brokers platform

For any Bear swing traders - we would need under 3300 again and 3270 for a fall down - and for Bull traders - we need to stay above 3310 ideally for attempts over 52 and more.

Have a great day - I know I will - even if I do have a few losses they are restricted to between 4-8 pips on scalps and targets anything from 7 - 25+ pips depending on time of move etc etc.

Might not be able to update every 30 mins as will be out again later - but all contributions are welcome - even on other pairs - but ideally they need to be live trades - not ones planned for tomorrow or next week - but more likely to happen in 2 hrs - or at least the session

All the best - and as I finish typing Eu as dropped from 3552 ish high and testing supports.

Regards

Peter

6 members like this

Comment by Peter jcp on January 17, 2013 at 9:34am: Half hour change and we have approximately 9 -12 minutes to try over 3552 high atm . Supports have held in the mid 3330 area and bias is still bullish - but only if we break above the present high, Failure to do that would lead to attempts under 3330 and tests of 25/27 area first

Comment by Sundaram on January 17, 2013 at 9:38am: Closed short for +8 pips and going long from 1.3340. Target TP 3385.

Comment by kamdi eloji on January 17, 2013 at 9:39am: closed long at the current price , have a pending short to 32900 and waiting to see if it will go above 3570 before going into long again

Comment by Peter jcp on January 17, 2013 at 9:49am: Its just challenged high again at 3352 and still having a go - showing a change in timing of robots today - or another players robots coming in as - time had elapsed for this half hr for high to be broken, 10 minutes to hour now so there could be another try up and then fade - but were from - I don't know atm ??

Comment by kamdi eloji on January 17, 2013 at 9:57am: between 333356 and 33570 is a really a tough support for it to break through either higher or lower

Comment by Sundaram on January 17, 2013 at 9:59am: Moved SL to entry @ 3340 . Be back in few hours.

Comment by Peter jcp on January 17, 2013 at 10:37am: Half hour change - EU still trying and just posted another high at 64 and whilst above 48 is still in an up bias, Under 47 and 44 yes scalp sells

Comment by jajun on January 17, 2013 at 10:39am: Thanks Peter, now I have one more blog to subscribe for my lesson LOL

Comment by Peter jcp on January 17, 2013 at 10:52am: Hi Jajun - remember though my blogs are more short term scalping forecast and generally you would need to understand most trades might only last 5 mins to an hr normally and also I might take up to 15 -20 trades during a full day. However because I am following price action and flows they may be able to give you a guide with direction on any swings or longer trades

Have a good day

Regards

Peter

Comment by jajun on January 17, 2013 at 11:01am: yes Pete, I'm aware of it and I'm trying to learn the lines on your charts and I like short time trade too.

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