GBPJPY Breakout scalping
Atualizado
Looking at tow key levels on the chart, using the 5 minute and just taking a breakout above or below the level
Short 8-12 pip stops with next level target/exhaustion of the move
Quick trades, may open and close a few times, market entries, tight stops, low risk. All stops will adjust to the exact base of the breakout candle, + 3 pip spread for shorts
Enter, it goes, great, it don't goes, cut it immediately
Break must happen with momentum, otherwise, adjust the levels
Overall looking short for downtrend, but just taking breaks up or down, because the market can change at any time, and this is speed trading so not going to super analyze it, just KISS it
Short 8-12 pip stops with next level target/exhaustion of the move
Quick trades, may open and close a few times, market entries, tight stops, low risk. All stops will adjust to the exact base of the breakout candle, + 3 pip spread for shorts
Enter, it goes, great, it don't goes, cut it immediately
Break must happen with momentum, otherwise, adjust the levels
Overall looking short for downtrend, but just taking breaks up or down, because the market can change at any time, and this is speed trading so not going to super analyze it, just KISS it
Nota
Yesterday's stats on this pair are1 good win
2 could have been better but a little
19 loss
Total net gain 2.6% on account (risk management : 101)
Each entry stats will post on the closing to track, using the 30 min to post the idea so I can log it here somewhat relevantly, but take the fast pace into account for the multiple trades, this will probably be 3-10 trades, depending how it goes.
Trade ativo
Market 163.895 11 pip stopTrade fechado manualmente
It don't goes, stopped at -2.7 pipsNota
Just keep doing this, and when you get the right one, you'll know it, because it will go immediately and not come back'Nota
This pair does play fairly nice with engulfing reversals on the 5 minute, but I don't want to risk for that.I want the big one. You know, the one that turns your stomach when you anticipated the wrong way, that one
Nota
I suspect a stop run up then charge down is coming, I;ll take the break but it runs back I cut right away because risk saftey firstNota
Sell at the ready, momentum acroos the heavy up line on this leg should drop fastTrade ativo
buy 164.059, 8 pips riskTrade fechado manualmente
No go, -5 pipsNota
W retest too close, not shortingTrade ativo
SellTrade fechado manualmente
Close but no cookie, getting sleepy but the time is near, so it'll all come back and some with one hitNota
-6 more pips, only out 13 pips so far.Trade ativo
BuyTrade fechado: stop atingido
lose 5 pipsTrade ativo
Buy againNota
Risk free, it goes or it don't this trade is safeTrade fechado: stop atingido
Stopped with no changeNota
Account started at $15.58, currently $13.58, 20 pips fixes it and the rest is profit, I will catch the right candle eventually :) risk management 101Trade ativo
BuyTrade fechado: stop atingido
-12 pipsNot giving up
Nota
We get trhough here a little higher that should be it, tweezers from yesterday here so holding it back to wellTrade ativo
buy againNota
Risk free and running nowTrade fechado: stop atingido
Trail stop hit for 11 pip gainTrade ativo
sellNota
messed up, break evenTrade fechado: stop atingido
wanted double placed singles they spread out :/Trade ativo
buyingTrade fechado: stop atingido
-10 again probably need to go to bed and get new york session, asian range put me to sleepTrade ativo
Buying in demand zone, I'll finish the results in the end, too many updates to focus on the price action tooNota
No success for profits, but risk management is solid. Stopping here and reset next week, - 5 dollars , " 'tis but a scratch" -Monty Python
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