Scalp journal – 1 December 2008
The start of a new week and new month sees the DOW tanking once again.
GBP/USD and EUR/JPY saw lots of movement today, especially during the London session, while EUR/USD was curiously quiet. An early indication of a potential breakdown of the tight correlation that has existed between the currency and equity markets for the past few months?
I kept the number of entries and amount of trade management required on the lower end as Monday was the last day of my extended Thanksgiving holidays.
| Trade | Market | Direction | Entry | Exit | Pips |
| 1 | GBP/USD | Long | 1.5300 | 1.5310 | 10 |
| 2 | EUR/JPY | Long | 120.60 | 120.70 | 10 |
| 3 | EUR/USD | Short | 1.2618 | 1.2608 | 10 |
| 4 | EUR/USD | Short | 1.2629 | 1.2619 | 10 |
| 5 | GBP/USD | Short | 1.4897 | 1.4887 | 10 |
| 6 | EUR/USD | Short | 1.2671 | 1.2661 | 10 |
Total daily pips: 60
Related Posts:
- April 2007 Review
- Know when to fold them
- Scalp journal – 11 November 2008
- Scalp journal – 7 November 2008
- October review
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