Forex_FNL2
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Trade review
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A better showing today. Only one bad trade of note and overall ended up pip positive.

1.Exited out at break even as I didn’t really like the way price was moving. I envisioned 1.4755 as being decent support. I had the idea right but played it safe in the end.
2.I was looking for a ride down to 1.4760 on this short. When it only got as far as 1.4762 before breaking above 1.4764 I got out.
3.Which was followed immediately by a stop-and-reverse trade. Grabbed three pips.
4.A vanilla scalp right here.
5.This was the most interesting trade of the morning. 1.4770 looked to be forming as a resistance level and so I went short. Price meandered just under this resistance level for close to 10 minutes. From the price action I still thought a move south was the more likely. But as time dragged on I thought there was an ever increasing likelihood that price might do a false breakout higher, or as I like to call it a ‘pop and drop’. I held my nerve, ready to bail if a breakout did occur. I would have to exit even on a false breakout just to play it safe. Things worked out okay in the end, as price dropped. My target was 1.4760, which was almost breached. After a slow, agonising drop there was a flurry of price movement around 1.4762 at which point I got out.
6.After a slight retrace price started to move down again. I was again looking for a break of 1.4760 but had to deal with a breakeven trade in the end.
7.This was my one poor trade of the day. It was too quick and impulsive. I didn’t have a proper safety net of where it would become obvious that the trade was wrong, or at least not one that was within 3 or 4 pips, which is needed when trading on the really short time frames.
Things were beginning to get really slow, most likely in advance of the US Retail Sales data out later in the morning. There were quite a few instances where price didn’t even move for a minute or two, which definitely made trade 5 interesting. I hovered over the close trade button like a hawk waiting for price to either go in my favour or go against me. Instead it just sat there, unmoving.

Was there a problem with my internet connection? Would there be an explosive move after such idleness? Was I allowed to blink yet?

Scalping really does condense everything about trading. It reminds me of a Half-Minute Hero, a PSP game where the traditional 60 hour Japanese RPG is crammed into just 30 seconds.

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