Came a bit late, so here's short version:
EU: further shorts possible [but not trade if price trade higher or retracement [30M]
EJ: possible rise after correction.
GU: short below 1.5936
GJ: rise especially above 148.20
Showing posts with label scalping session. Show all posts
Showing posts with label scalping session. Show all posts
Thursday, 7 January 2010
Wednesday, 6 January 2010
2010-01-06 Morning session preparation
EU: quite unusual drop just before market open suggest further drops, however expect price to retrace to 1.4320 - 34 lvl before that. Don't trade above 34.
EJ: may be nice shorting alternative with 131.25 daily low. If broken may give next 50 pips decrease.
GU: on steady fall, it may either retrace or move sharply lower. If traded I would not expect much of a move today [30-40 pips].
GJ: this pair needs to retrace badly, so expect it today, but bare in mind that GJ is on general downtrend, so treat 148 as a possible top for today. [148.30 is 50% lvl of last 2 days move.]
EJ: may be nice shorting alternative with 131.25 daily low. If broken may give next 50 pips decrease.
GU: on steady fall, it may either retrace or move sharply lower. If traded I would not expect much of a move today [30-40 pips].
GJ: this pair needs to retrace badly, so expect it today, but bare in mind that GJ is on general downtrend, so treat 148 as a possible top for today. [148.30 is 50% lvl of last 2 days move.]
Tuesday, 5 January 2010
2010-01- 04/05 Morning session commentary
4.01
I started with failed trade on EU, as it broken initially a bit lower with nice confirmation on GU. This trade was worth -10 pips.
Soon after SL on my EU position was hited price on both EU and GU retraced to previos levels from before 8:00am. I read it as a clear bounce of GU from daily low and decided to trade long in spite of lack of clear setup [as you can read I was expecting long trade off red support on GU that day, that's why I decided to enter early]. GU rallied initial 20 pips very quickly, and charged higher hitting my planned target for second half at daily high [+ 60 pips for second half].
5.01
This was very moody day.
My first trade was based on my market overview for EU and confirmation on EJ [-9 pips]. Unfortunately it was a looser, second was another approach to trade my prognosis, this time I bought GU [-13 pips].
I started with failed trade on EU, as it broken initially a bit lower with nice confirmation on GU. This trade was worth -10 pips.
Soon after SL on my EU position was hited price on both EU and GU retraced to previos levels from before 8:00am. I read it as a clear bounce of GU from daily low and decided to trade long in spite of lack of clear setup [as you can read I was expecting long trade off red support on GU that day, that's why I decided to enter early]. GU rallied initial 20 pips very quickly, and charged higher hitting my planned target for second half at daily high [+ 60 pips for second half].
5.01
This was very moody day.
My first trade was based on my market overview for EU and confirmation on EJ [-9 pips]. Unfortunately it was a looser, second was another approach to trade my prognosis, this time I bought GU [-13 pips].
2010-01-05 Morning session preparation
EU: there is channel broken up on 30M chart, great for long, especially above 1.4450. important resistance [bottom of Asian channel] @1.44 if price retrace to this area, I would wait and eventually trade short below this level.[If traded long - there is plenty of room up on daily chart]
EJ: yesterday struggled with new highs, however not potential seller yet. Strong resistance above 133.50, so beware if you trade long. Whatever direction of trade you should be careful. Reversal on daily [middle of leg up in flat channel] is possible.
GU: This pair is on a nice buy setup but 1.6240 may be limit for what it may do today, however above that level there is plenty of room to rise.
GJ: has good potential to fall 300 pips within two days and even more within two weeks. for buy signals stick with either GU or EJ.
EJ: yesterday struggled with new highs, however not potential seller yet. Strong resistance above 133.50, so beware if you trade long. Whatever direction of trade you should be careful. Reversal on daily [middle of leg up in flat channel] is possible.
GU: This pair is on a nice buy setup but 1.6240 may be limit for what it may do today, however above that level there is plenty of room to rise.
GJ: has good potential to fall 300 pips within two days and even more within two weeks. for buy signals stick with either GU or EJ.
Monday, 4 January 2010
2010-01-04 Morning session preparation
EU: Currently on it's leg down on daily, with important 1.4220 support [recent low] and in my opinion very important 1.4115 - 61% fib level, so yet I would be glad to catch short trade on it, especially below 1.4280 - this is very important line on 30M for me.
EJ - significant uptrend on this pair [on daily there is leg up on rangy pattern]. On a daily I see 9 consecutive rising candles what makes me think that retracement is possible, however I'm not convinced about entering short on short signs on EU
GU: Is very near to important support, and gives some suggestions of reversal on daily. I would be strongly short below 1.6050, and moderate long above 1.6100 [based on 30M chart]
GJ: Strong uptrend on 30 [149 is important resistance, suspend trading below this level] Daily chart looks promising as well, as there is plenty of room up to 163 level.
EJ - significant uptrend on this pair [on daily there is leg up on rangy pattern]. On a daily I see 9 consecutive rising candles what makes me think that retracement is possible, however I'm not convinced about entering short on short signs on EU
GU: Is very near to important support, and gives some suggestions of reversal on daily. I would be strongly short below 1.6050, and moderate long above 1.6100 [based on 30M chart]
GJ: Strong uptrend on 30 [149 is important resistance, suspend trading below this level] Daily chart looks promising as well, as there is plenty of room up to 163 level.
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