Wednesday, January 23, 2013

Recap 22 Jan, EUR GU EJ 23 Jan

Recap 22 Jan

EUR - 1hr doji then a shooting star at W M3 set up sell opportunities at the extremes of the upper range. On any given day the extremes of the immediate range are the places to trade, even more important when there isn't a trend. The first trade is the best trade.

GU - No bias yesterday could have gone either way. There was a London open sell from a 15 min shooting star, at the extreme of price action when W M2 1.5858 held for 4 hours.

EJ - Bias was down and there were 15 min lower high shooting star sells at London open and US session.

23 Jan

UK MPC minutes this morning, with the state of the UK economy would not expect surprises. Will most likely look for trades after the news.

On many days likely set ups are clearly seen, today isn't one of them for me at least.

EUR - D closed a doji that filled the recent range 1.3375 - 1.3265. RSI's ma's flat, no bias. Based on these charts there have to be better set ups elsewhere. The day might bring greater clarity.

GU - D closed a doji with the lows holding. No bias either way.

EJ - D closed lower with the lower support level, W S1 117.37 holding. Bias down.




No comments:

Post a Comment