Scalp journal - 31 October 2008

3 November, 2008 (16:57) | Journal | By: Colin McGinley

The last day of October saw much better form in my entry point selection. I especially paid more attention to my first trade of the day.

No big nasty Halloween scares for me this day.

Trade 1
Short EUR/USD
Entry: 1.2749
Exit: 1.2738
Pips: +11

Trade 2
Short EUR/JPY
Entry: 124.98
Exit: 124.88
Pips: +10

Trade 3
Short EUR/USD
Entry: 1.2697
Exit: 1.2687
Pips: +10

Trade 4
Short EUR/JPY
Entry: 125.75
Exit: 125.65
Pips: +10

Trade 5
Short GBP/USD
Entry: 1.6248
Exit: 1.6236
Pips: +11

Total daily pips: +52

EUR/USD chart - 31 October 2008

The London and NY sessions ended up with euro and sterling being effectively rangebound. The extra volatility in the markets meant that the range was a good bit larger then what would have been normally seen in the past.

GBP/USD chart - 31 October 2008

EUR/JPY chart - 31 October 2008

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