Intraday Trading on Thursday 28th February 2013 - Key pairs - EU and EJ
Morning Traders
Its just prior to the London Open - on the last day of the month.
I will concentrate today on both the EU and the EJ - but welcome any contributions for other pairs that we can trade today and ideally make profit in under a few hours -
Jansky mentioned yesterday - can we do a bank robbery on the EJ - so today I will post some charts on this pair rather than just the EU and with call some live scalp/ swings on it.
At present - we have reached new intra day highs yesterday on both pairs and have over the last 7 hrs or so been posting LH's suggesting a lower sentiment.
Do we trust sentiment ? - no not normally but that does not mean I just buy - it means we need to know the interim S & R levels to look for clues on the next directions - which as you know - I follow generally ever 30 mins and hour change.
The EJ is approx 40 pips off the high and the EU less than 20 pips.
Under 3125 I would be looking at more scalp sells on EU and on EJ under 125.23.
Over 121. 60 on EJ and 3153 on the EU will be looking for more scalp buys
Charts and updates to follow after I have finished my toast and tea
Have a great day
Regards
Peter
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Comment by Rao Khassan on February 28, 2013 at 8:21am -
Good morning Peter!
,,, and bon appetit! :) I'll try today to follow you and this thread alongside with my trading.
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Comment by Peter jcp on February 28, 2013 at 8:24am -
This is my EJ chart for the London Open - and so far its very quiet - something is cooking. Normally by now I have taken 1 or 3 trades although I am late today - I have not entered one trade yet and will wait until I get next cluesThe EJ chart is a 10 min on a daily split showing main S & R's - will post a EU different one a little later - meanwhile - sitting and waiting ;-))
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Comment by Peter jcp on February 28, 2013 at 8:32am
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Hi Rao - unusual today - no real action yet and i dont want to end up just scalping for 5 pips atm ;-)). EU - 20 pip range to work in with under 3130 down scalp bias and over 3150 up bias and on EJ just approx 30 pip range to break out. First breaks might be false as well - so we are waiting for something atm - Have a good day Rao and if you spot anything on any other pairs etc feel free to add - regards Peter
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Comment by Peter jcp on February 28, 2013 at 8:49am
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EU chart still showing short term up trend above trendline - but would need to break through resistance above to go higher - or under 3130 -23 and 17 would then be going into sell mode with scalps being left on . Very unusual to go the first hour of London Open with so little movement ?
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Comment by Peter jcp on February 28, 2013 at 9:01am
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For the hour change in a scalp sell on EU at 43 and need 35 to let go
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Comment by Luke Sierpniak on February 28, 2013 at 9:03am -
Hey Peter, just popped in to say hello, am salping longs for a few since 8 CET, slow today but actually not so bad pipwise, although I've got a bearish bias I think we will get more upside today as a continuation mode from yesterday sparked by zee "Printer", anyway GL
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Comment by Peter jcp on February 28, 2013 at 9:08am
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Hi guys - very slow so locked in 5 pips ( yes 5 pips lol) and EJ not woken up yet :-))
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Comment by Peter jcp on February 28, 2013 at 9:11am
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That's better and EJ fell from 36 as well
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Comment by Peter jcp on February 28, 2013 at 9:12am
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Both EU and EJ were still falling 9 mins after hr change - which was encouraging
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Comment by Peter jcp on February 28, 2013 at 9:18am
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Nice one Sun - will we get the 100 pips total off the 2 by the half hr ??
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