Last trading day for me before a couple of Holiday breaks over the next three weeks and although I will have a laptop or tablet - I just won't be focused for scalping and will miss the multi monitors and all the info I need - (as I am far away from a "Kiss" type trader ;-) )
Today I thought I would cover the normal key pairs plus the odd yen crosses - looking for a few nice scalps / short term trades that ideally last under half an hour - although we can leave part stakes on if we think they will carry on in the same direction for more hours.
After yesterdays EU new low - and then a 130 pip rise along with all the sudden strength in the pound - its suddenly sorts out the bears from the bulls. As you know I am neither - I will always try and trade both directions and have total disrespect for the normal rules of this game - and instead just concentrate on making money by multi trading with small stops and ideally RR's over 2 - but still expecting the odd RR of 5 or 8 all within half an hour or an hour.
So if you are after any 250 -500 pips forecast with 70 -150 pip stops over many days - please ignore this post ;-))
We have just had the first hour after London Open and the EU and GU / GJ have already posted new daily highs - whilst the Swissy and UC have new daily lows.
Whilst the EU is over 3000 we must still be bullish looking for a break over 3042 in the next hr or so and similar with the GU over 5142 - maybe this hour?
The AU is trading lower than yesterday - but over 0350 - should still have another try up ?
With regards to EU and GU targets - check every 30 mins and look for HH's and HL's and resistances above within 10 -30 pips.
Next update with scalps after half hr change
Have a great Friday