Mostly Dow, however that was 7 pips on USD/JPY, last night.

Today, I wasn’t in an environment to be focused enough (remember position size should be adjusted accordingly)

From FX Street:

The Dow Jones Industrial Average added 348 points to end at 2.11%, while the Nasdaq and the S&P jumped over 2% each.

Two quick trades worked and on the third things changed – I’m shorting on a strong day, for a third time. Now it takes two more long positions to get into profit.

Even if not in an environment to be focused enough, better planning is required.

 

 

I ended up selling higher (over 130 points higher) after the initial short position moved higher. This was held a couple of days and I exited today for a net profit of roughly 20 ticks

Floating a loss, I looked to the daily chart for some potential resistance which could push price back down, and so was willing to wait to see how it would react to the 61.8 Fibonacci level.

When price broke out of a 9 hour consolidation it was not looking good. It should be noted that the peak was between the 38.2  and  61.8 levels on the daily chart. This could have been a level to be watching in the first place.

When I had the chance to exit today for a net profit I took it. This started out as a scalp, so actually, it ended up ok.

 

 

Here are a few scalps.

On the GBP/USD, I had limit order sitting at the lows for several days. Today it was filled. When I noticed that, I entered a Take Profit order which was filled for about 40 pips.

The folks at The Foreign Exchange Trading Academy are fond of these types of trades, for good reason.