EURUSD Short Trade @ 1.32750

Short trade taken @ 1.32750 this morning, taken some pips and moved SL to BE

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Comment by Rocky Master on January 2, 2013 at 10:09am: Partial taken 61.8 fib level and Moved SL to BE

Comment by Rocky Master on January 2, 2013 at 10:14am: Price rejection, but I am still holding short position, this is 30 minutes chart, will see how it goes, already taken few pips and moved SL to BE

Comment by Peter jcp on January 2, 2013 at 10:17am: Hi Rocky and compliments of the season. Had some funny spikes on my tick chart in the last 30 mins with a low of 3248 - making it a LL to a previous one already today. I am still scalping both ways this morning - and here i come out at 54 on the sells and thinking it might try 67-72 now just to be awkward on traders trying to hold short

My important supports for today were 3250 and 3220 and whilst above both still think it might try higher again later. If they both went and we go out of 3200 area then I think things might be changing again ;-)

Have a good day

Regards

Peter

Comment by Rocky Master on January 2, 2013 at 10:32am: First target hit bit above 50 FIb level, taken another partial profit, still holding short until Flex Stochastic stays below 80, lets see how it goes

Comment by Danda Danos Stasziek on January 2, 2013 at 10:37am: Hi, Rocky, very nice! I'd like to ask U guys, what's going on today on E/U. I heard about some operations by ECB... But is this normal? Could it some HFT do?

Comment by Peter jcp on January 2, 2013 at 10:43am: Hi Danda - yes i have had a few very quick spikes on my tick charts - but none like 20 pips - instead largest about 12 pips. Yes it blips with some HFT's - something going on.

I am out scalp sells atm - at 3236 after low at 3232. Above 3236 got as scalp buys now -but need the support area to hold and to see over 3252 to think about holding longer on scalp buys ?

Comment by Danda Danos Stasziek on January 2, 2013 at 11:10am: I stayed out because of the "strange" activity(?) and I did good because I would be in long position. When some of my indicators point for a trade. I'd buy on the green line (pic), somewhere around 3231... And sell on the red line, around 3256...

Comment by Rocky Master on January 2, 2013 at 11:22am: Hi Danda, to be honest, I usually don't listen to fundamentals because most of time I get confused, I just trade what I see, so far I am doing ok. I always check on higher time frame then I take my position on shorter time frame, have a look on 4Hr, price reached 50Fib Fan level and Support level, and I took my trade on 30 Minutes and my target is 61.8 fib fan level

Comment by Danda Danos Stasziek on January 2, 2013 at 11:48am: Nice entry! Yes, U are right :) I like this quote it says itself..

“Listen only to what the market is telling you now. Forget what you thought it was telling you five minutes ago. The sole objective of trading is not to prove you’re right, but to hear the cash register ring.” Martin S. Schwartz (Buzzy)

Comment by Peter jcp on January 2, 2013 at 12:05pm: During the last 2 hrs we have started posting HH's and HL's on small frames, Under 3275 still would like to scalp sell again - its just picking a good price for an entry I reckon. Over 3270 and 75 - then it might be doing a change all together again I reckon ??

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