Wednesday, 1 February 2012

GBPUSD short and some EURUSD scalping

I placed a short trade in GBPUSD earlier in the week looking for a pullback to 1.57 after the failure to penetrate 1.58.  This was going well when I last checked it, down to about 1.5715.  But I probably got a bit greedy and when I next checked 1.58 had fallen.  I imagine I will get a chance to see it below 1.58 again, but am now on alert to close out.  IT is only a small trade so not much P&L harm.

I have also been placing some EURUSD scalps using my old MMA technique.  I really miss scalping and the closer interaction it brings with the market, but alas my job leaves me little time or energy to do it these days.  Still able to turn a profit at it, but alas I dont have the balls to do it on large size.

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