Long @ 1.31300, Taken becasue
1) Montly Pivot
2) support level
3) Chanel support level
4) FE 100 Level

Target is bit below 61.8 FE

This is counter trade any danger will make exit soon, lets see how it goes

Views: 702

Tags: EURUSD

Comment by Rocky Master on January 3, 2013 at 4:04am

Taken 10 pips from market, lets see if it hits TP

Comment by Elric on January 3, 2013 at 4:13am

Great Analysis. looking forward to more of your views 

Comment by enkhy on January 3, 2013 at 4:18am

lets rock

Comment by Rocky Master on January 3, 2013 at 7:55am

Taken 20 pips from market so far and moved SL @ BE

Comment by Peter jcp on January 3, 2013 at 8:06am

Hi Rocky - I guess you still away atm - but just coming up to London Open in the UK at 8am - 3am NY. I agree with you that the 3130 price area is a strong support and we would need under the 3124 low to have broken it for lower. I have been scalp selling down to 3135 the last half hr and am now out - but have not gone into a scalp buy again yet - just in case it does try under 3132.

Could 3153 be a LH in the bigger sequence to 3191 prior? You tend to think there's nearly 40 pips to play with so your target area could be on as still under 91?

Plan to scalp buy sometime during this hour - but do not know were from atm

Have a great day 

Regards 

Peter

Comment by Rocky Master on January 3, 2013 at 8:58am

Moved SL @ 1.3140

Comment by Peter jcp on January 3, 2013 at 9:13am

High for my cut off at 9.09am UK time was 31697 - Review next 30 mins for next clue

Comment by Peter jcp on January 3, 2013 at 9:37am

3147 -50 price area should hold if we are going to try higher again for over 3170 ?

Comment by Peter jcp on January 3, 2013 at 10:07am

10am UK hour change and EU could not hold over 3147/ 50 and as now posted another low. I am watching next few mins - to see whether I can scalp buy again from over 3126 ???

Comment by kamdi eloji on January 3, 2013 at 11:11am

morning peter out of sells now at 13090 and waiting for 13115 before scalp buys target 131314 

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