Dump the codes to make sure you don't have an ECT problem which would cause the flooding on cold cranking.
Dump the codes and see what the computer says is wrong…
Here's the link to dump the computer codes with only a jumper wire or paper clip and the check engine light, or test light or voltmeter. I’ve used it for years, and it works great.
See
http://www.troublecodes.net/Ford/
OR
See
http://www.mustangworks.com/articles/electronics/eec-iv_codes.html
IF your car is an 86-88 stang, you'll have to use the test lamp or voltmeter method. There is no functional check engine light on the 86-88's except possibly the Cali Mass Air cars.
Codes have different answers if the engine is running from the answers that it has when the engine isn't running. It helps a lot to know if you had the engine running when you ran the test.
Trouble codes are either 2 digit or 3 digit, there are no cars that use both 2 digit codes and 3 digit codes.
For those who are intimidated by all the wires & connections, see
http://www.actron.com/product_detail.php?pid=16153 for what a typical hand scanner looks like. Normal retail price is about $30 or so at AutoZone or Walmart.
Or for a nicer scanner see
http://www.midwayautosupply.com/detailedproductdescription.asp?3829 – It has a 3 digit LCD display so that you don’t have to count flashes or beeps.. Cost is $33.
Rear mounted battery ground wiring. Follow this plan and you will have
zero ground problems.
One 1 gauge or 1/0 gauge wire from battery negative post to a clean shiny spot on the chassis near the battery. Use a 5/16” bolt and bolt it down to make the rear ground. Use a 1 gauge or 1/0 gauge wire from the rear ground bolt to a clean shiny spot on the block.
One 4 gauge wire from the block where you connected the battery ground wire to the chassis ground where the battery was mounted up front. Use a 5/16” bolt and bolt down the 4 gauge engine to chassis ground, make sure that it the metal around the bolt is clean & shiny. This is the alternator power ground.
Crimp or even better, solder the lugs on the all the wire. The local auto stereo shop will have them if the auto parts store doesn't. Use some heat shrink tubing to cover the lugs and make things look nice.
The computer has a dedicated power ground wire with a cylindrical quick connect (about 2 ½”long by 1” diameter. It comes out of the wiring harness near the ignition coil & starter solenoid (or relay). Be sure to bolt it to the chassis ground in the same place as you bolted the alternator power ground.
This is an absolute don’t overlook it item for EFI cars