Scalp, scalp, scalp

closed my short down at the split lows for 9 pips

chart,

shorting cable 19 level

chart

closed 4 loss above open,waiting news

shorting from 22

closed ,painfully slow.covered the spread

I only wish I was posting with an entry long from the weekly average. at 17014,i sat and pondered the long,i guess im a bit jittery on Mondays..

but more importantly why did I not take the trade .

I was initially taking shorts from the converged averages.26 down to weekly average at 14,the related pound values were supporting these shorts,

the stall point on those pound crosses was jpy - 30, the chf - 32, the euro was + value.i traded into the stall point 3 times collecting some pips and closing my last attempt giving the spread.price dropped one more time and fell below the split lows and weekly average 17014 zone,normally I would look at shorting the break below that converged point BUT the stall point was intact ,price crept and rested on the wkly average ,the first indication was at this point,first seen in yen and doller,then chf.this is were I hesitated and didn't take the trade,ofcoarse im writing in hindsight ,but I can assure you this is how I manage very early entries.and take small losses if it changes , which is of coarse a possibility.

I actually saying this to myself and when written it tends to stick a little more than thought only

that's some weird price action today,its like complete chaos ,I would not be surprised for price to touch 17114 and exhaust,but I certainly wont call any thing im a spectator

Price is almost exhausted.. from now I would think of serious shorts..

EDIT: The top, highest high price I calculated is 1.7156, I don't believe it can go higher than that.

Happy Scalpings

hi Ata,

yes I have taken a short from that level,but I must confess my guidance system is erratic and I m somewhat in the dark on this one,ive seen strange things on months end but generally theres more synce

Sometimes big waves like this one can happen but your system will most of the time work I guess.. its just maybe you need to build something like a "tsunami alerter" into your actual system.. but again maybe its not worth it because these type of rallies are rare in my opinion..

Happy Scalpings

my system I trade on the ft100 has also gone weird it churned out 9 signals today, 6 have completed and 3 open 1 of which looks likely to close shortly.very strange

playing safe my stop on cable b/e at 13 level

Like I said: don't worry too much.. these kind of days are very rare.. but of course it would be the best if the reasons could be analyzed and backtested.. thats what I do mostly at weekends..

Happy Scalpings

yep my ft trade just closed on target 2 remain open

yes ,as I posted earlier ,I somewhat became a little frigid earlier for taking the original long which was quite clear to me ,but I would have closed it at my split highs around the 50 mark.still great to watch and as you say try to determine cause or reason

regards

levels

taken a buy at 23 level

stop just below the hour split high

the buyers have a target of 17181,before it exhausts