Scalp journal – 3 December 2008

3 December 2008 (18:01) | Journal | By: Colin McGinley

I didn’t really have a good handle on the markets today so I tried to keep my exposure low. After taking a loss on my first trade of the day I was especially conscious of not over trading and somehow rushing to make back my loss.

The sterling trade I closed out for a loss would have eventually hit its profit goal. Was I too hasty in closing it out early?

  Trade   Market        Direction  Entry          Exit          Pips  
  1GBP/USDLong1.47951.4719 (76)
  2EUR/JPYLong117.51117.6110
  3EUR/USDShort1.26551.264510
  4EUR/JPYShort117.95117.8510
  5GBP/USDLong1.47501.476010
  6EUR/JPYShort118.66118.5610

Total daily pips: (26)

EUR/USD chart - 3 December 2008
GBP/USD chart - 3 December 2008
EUR/JPY chart - 3 December 2008

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