The U.S. Day Job Scalper

UJ Short: Tightening up my SL a little more to that mini swing high at 119.06 (literally only 4-5 5 min. candles wide) ... .

UJ Short: Looks like it's attempting to retake 119.00 ... . Nikkei off 2.76% (probably delayed; looking at Bloomberg ... .).

UJ Short: Against my better judgment, took a second entry at 118.942 ... .

UJ Short: First leg scaled out for + 5.7 pips:



Second leg stop moved to BE ... .

UJ Short: Second leg stopped out for .9 pips ... . Glad I peeled that first one off ... . Lol. And ... back to watching price ... .

UJ: Rather hastily retook the 119 handle (and then some).

UJ Short: Reentering short on a bounce lower off the .382 Daily Fib Retracement Pivot Point ... .

UJ Short: Out of the last short for 10.2:



at which point I have to call it a night ... . There may be some more downward movement left in the pair; unfortunately, day job tomorrow ... .

Trade Explorer to gauge the profitability of your method?

I'd have to set up a separate TE just for scalping, which I don't do enough of to properly test. Just one of things I do from time to time if I have free time during the early Asian ... . But the plan at the beginning of the year is to set up one account just for scalping and another account for the other method that the demo is based on now, so I'll eventually get around to it, but I'm not sure how much of a "test" it'll be ... .

It's kind of unfortunate that I couldn't stay up after that last UJ short scalp ... . Looks like we got the follow-through I was waiting for ... . Oh, well, can't be on 24-7.

But UJ's right at last week's low, so could be an interesting session for that pair ... .

UJ Short: Watching price here ... . About to break yesterday's low at 117.70-ish ... . I will take a short on a touch of the 8 EMA at this point ... .

UJ Short: I am not seeing the buyers here that I expected, which is a good thing for a short ... .

UJ Short: That being said, I am also not seeing a triggering of stops and therefore a cascade lower, as this is about where I figured buyers would have placed SL's for the run-up from 118.00 to 119.50 or so ... .

... Entirely possible they took their profits already.

UJ: Naturally going to wait after JPY data coming at 50 minutes past ... . (Almost forgot to gander at the calendar in my excitement that it had broken 118.00 ... .).

UJ: It'll be interesting to see if the Nikkei follows U.S. markets down another notch. U.S. markets off, but largely due to petroleum-based equities ... (S&P down 1.6%; DJI down 1.5%).

UJ: Core Machinery Orders way off forecast ... .

... so getting a little bit of Yen weakness seeping in ... and a bounce ... .

UJ Short: In at 117.823 on break of 5 min. 8 EMA and then retreat back below ... .

UJ: SL placed at 118.00 ... .