6th Feb 2019 - Forex Diary

6th Feb 2019 - Forex Diary


7:40 GMT

morning all......

ok not too shabby so far london opens .........

yen and USD are cracking Bulls so far.....makes it easy for me to go to the bears with confidence

maily Cable sells and Ucad buys ..........a little EJ selling as well when offered

N

NOTE ...........guys i promised to talk about when / where i entered yesterday .........I will get to it ......but currently looking to make my quote of pips first.....i will also try to give a heads up on re-entry levels today

8am

I can see Cable loitering at 2939/36 area ......is it going to resell ?

how will we know ?

by the way its 8am .....should we be scared ?

8:03

so in answer to the questions yesterday I adopt pretty simple stuff most of the time

1) I know GBP has sold off since 6am opens

2) GBP has retraced

3) USD is bull so far today giveing me the inclination to include cable as a sell scalp strategy

4) I wait for suitable price points to sell ...or not ...or choose another better pair to trade

Cable has not started to fall below the area already mentioned ....so why would i make a trade until it does ?

it may never .....

N

8:05

cable is already 2930 and flying south ....

thats it guys .....thats how i scalp .....its not that hard once i like the pair I want to trade :)

10:34

in truth only Ucad buys above has really held the course ....everything else has been real jumpy as the europeans went bull after shaping bear ..........but thats all hindsight of course .......

I shook a few pips out of selling cable earlier .....in fact my last bear scalp was around 2930s earlier ...then cable turned north ...................but thats trading ............keep moving or perish.....

anyway i'm mainly waiting on CAD.....3190s is a tempting area to climb on UCAD again......watching

15:14

relatively quiet so far into early US session......

GBP under bear pressure

Yen and USD pulling Bull

Cad holds deep bear since london morning session

I like buying yen and usd ....just playing through what to sell .....


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