Scalp, scalp, scalp

cable still yet to trade out of the hour averaged and s high ,lows.

scaling to 15 min for entry

ft100 holding long for converged highs above 6800

euro traded from it averaged ,looking for confirmation from london open for longs

My ftse longs are at the safe target 6800,there is a lot of convergence up at 6860 which is from the larger price cycle.im going to take profits here and watch price for new longs to that level ,i want to see if price leads from this level or retraces for better entry

Euro sitting on first target,ill be surprised if weekly does not get visited at 13160

updated,

euro 4 pips from its weekly potential.

ftse up at the large converged zone at the highs 3 remaining levels to complete full cycle.

cable yet to break ,16500 then 16350 would complete a multitude of interest.but still holding the range

euro completed cycle,

trading long for bounce from this at 13165

heres my 1 min entry on euro .1 postion closed at 11 pips,2nd position stop at b/e for free run

scalp buy on euro and cable,euro 13161,weekly split low

cable at 16588

both stops at open price b/e

stopped b/e on cable closed b/e,

back long on cable same price 88

stop b/e on cable ,hold

euro in progress stop at b/e

closed cable 16600 + 11 pips

closed euro + 8 pips

THE WEEK AHEAD

13120 initial scalp target for euro doller
13040 in a continued sell off

fts100,ive done well with this recently,im out at present as it struggles to hit those high targets at 6840 and 6856.intersting to see if it leaves open this top level,and retraces down indicating a continued range of longer term 200 plus pip.

cable looks flat at this level,alot of converged interest at 16490 zone and again at 16300 to 16350.i will let the combined averages dictate my bias,but short to first level at 16490 looks more obvious than a rebound to convergence up at 17000

what kind of system are u using ?

its basically using averaged price levels and there potentials.this has evolved over many years.not sure how to describe ,but its all here in my journal

So how do u identify the average price levels and potential ?

hi jason,

without repeating myself ive posted here many times how i calculate my levels.