jrplimited
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Hi N,
Sorry to hear about your pc problems, you missed some interesting (eventually!) moves today - heres my usual a bit earlier than normal as I'm done and dusted for this morning's session now:-
GU; Elected to keep things tight today as market has appeared some what undecisive lately. First trade entered short on 08:05 bar open at 63172 and enjoyed short lived move down before single bar reversal took price back up, tight SL taken out during 08:35 bar for 16 pip loss. Second trade entered on sell stop order at 63212 which filled during weird 09:00 bar's tail and price retreated a few pips backwards before following bar popped downwards again, then went into a fairly tight consolidation range for 45 minutes or so and finally broke free at 09:55 and motored down. Noticed price got stuck for a short while around low of about 62840 (as printed on 01:45 and 02:15 M15 charts interestingly enough) for some strange reason so TS dragged down just in case of reversal, but price obliged me by dropping further after this pause and then did a U-turn to take me out during 10:45 bar for a near 40 pip profit. Following that price got itself into yet another tight range, but might be one to watch this afternoon when our cousins across the pond fire into action.
EU; Didnt like that big 08:00 bar so did usual and kept wallet (and mouth!) shut. Price retraced up the hill and I waited for a close above the 44080 mark (08:55 bar) and set sell stop "trap" at 44048 which got filled during 09:05 and, in turn, trapped me as price skidded to a halt and turned around taking out my today's "global" tight SL decision during 09:30 bar for 14 pip loss. Second trade opened short on 10:05 bar at 44063 and this time caught a good momentum move down, then a slightly worrying push up followed by another smallish push down again. A few bars later price ran into a much smaller retrace so I decided to hang in for a while longer and got rewarded with a nice further smallish drop down and exited near end of 11:35 strong up bar (time for me running out then) for 22 pip profit.
EG; Yet again no decent entries to be had on this pair and I gave up looking when both GU and EU went into their respective consolidation phases, as that usually leaves EG about as attractive as a banker at a retirement party!
So, have we seen a sort of small blow out today to extract us from this week's horrible congestion phase? I certainly hope so and perhaps (hopefully!) the afternoon session will throw out some clues into this.
Trade well and regards,
Simon.
Sorry to hear about your pc problems, you missed some interesting (eventually!) moves today - heres my usual a bit earlier than normal as I'm done and dusted for this morning's session now:-
GU; Elected to keep things tight today as market has appeared some what undecisive lately. First trade entered short on 08:05 bar open at 63172 and enjoyed short lived move down before single bar reversal took price back up, tight SL taken out during 08:35 bar for 16 pip loss. Second trade entered on sell stop order at 63212 which filled during weird 09:00 bar's tail and price retreated a few pips backwards before following bar popped downwards again, then went into a fairly tight consolidation range for 45 minutes or so and finally broke free at 09:55 and motored down. Noticed price got stuck for a short while around low of about 62840 (as printed on 01:45 and 02:15 M15 charts interestingly enough) for some strange reason so TS dragged down just in case of reversal, but price obliged me by dropping further after this pause and then did a U-turn to take me out during 10:45 bar for a near 40 pip profit. Following that price got itself into yet another tight range, but might be one to watch this afternoon when our cousins across the pond fire into action.
EU; Didnt like that big 08:00 bar so did usual and kept wallet (and mouth!) shut. Price retraced up the hill and I waited for a close above the 44080 mark (08:55 bar) and set sell stop "trap" at 44048 which got filled during 09:05 and, in turn, trapped me as price skidded to a halt and turned around taking out my today's "global" tight SL decision during 09:30 bar for 14 pip loss. Second trade opened short on 10:05 bar at 44063 and this time caught a good momentum move down, then a slightly worrying push up followed by another smallish push down again. A few bars later price ran into a much smaller retrace so I decided to hang in for a while longer and got rewarded with a nice further smallish drop down and exited near end of 11:35 strong up bar (time for me running out then) for 22 pip profit.
EG; Yet again no decent entries to be had on this pair and I gave up looking when both GU and EU went into their respective consolidation phases, as that usually leaves EG about as attractive as a banker at a retirement party!
So, have we seen a sort of small blow out today to extract us from this week's horrible congestion phase? I certainly hope so and perhaps (hopefully!) the afternoon session will throw out some clues into this.
Trade well and regards,
Simon.
