Actually, a good method of "winding down" might be posting on ET after a trade ... it at least keeps one out of the market a little. With regards to my last scalp: round numbers are very predictable sometimes. (depends on market conditions, of course) Yes, another "mini-pattern" that was evident: When IB Ideal Pro (close to interbank because of little action ?) quote went down (to 1.2628), a little buildup on 1.2628 in EuroFX happened (only around 90 I think). But with the bigger lots below on bid not retreating it was quickly overtaken. Seems trivial but gives very important small clues - especially when all those gets added up. Now we finally went on to the round number ... 1.2630 on EuroFx. Just one example of things I look for.
I've in this short trade for 90 minutes. It went against me 3 ticks and for me 8 ticks. I'm still patiently waiting for a reversal here. At least, it's keeping me from overtrading Tight range here....
Yes, after the european close and then the lunch hours and an unwinding friday .. taken the latest fridays - I guess it won't make any big moves, if it does ... I don't care much. We have all have slightly different triggers for trading, but I prefer playing with my 2 year old son right now. (and I have that long bias towards the end ... very little resistance upwards .. and there is not that much punch in the market for looking at running stops down - so chances are the overwhelming bull bias manages to "trend it upwards")
Also, seeing the flow of comments on other USD-pairs from Thomson it could be crosses that weighs in towards the close too. USDCAD sliding e.g.
Looked through your posts, and was wondering why you don't post stops anymore - like you used to ? And are all your posts (close to) real-time ? I was thinking about your entry after that ~100 lot went on 1.2633 ... where would you be stopped out ? It's back on 1.2634 now -- but that's a bit risky into the close I thought .. sitting through that almost immediate downturn; and possibly the top of a mini-range.