Scalp journal - 20 November 2008
A pretty quiet day today compared to the recent past.
The only real trade of note was the second GBP/USD entry which I did as a continuation trade rather than the more common support/resistance scalp. The 1.4750 area was tested for a second time in late afternoon trading. After an initial bounce the downward pressure remained on and I jumped in as the level gave way, scalping on the momentum of the break.
| Trade | Market | Direction | Entry | Exit | Pips |
| 1 | EUR/JPY | Short | 120.20 | 120.10 | 10 |
| 2 | EUR/USD | Short | 1.2517 | 1.2507 | 10 |
| 3 | EUR/USD | Short | 1.2548 | 1.2538 | 10 |
| 4 | GBP/USD | Short | 1.4797 | 1.4787 | 10 |
| 5 | EUR/JPY | Long | 118.00 | 118.10 | 10 |
| 6 | GBP/USD | Short | 1.4746 | 1.4736 | 10 |
Total daily pips: 60
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