GBPJPY Breakout scalping
Diupdate
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
Catatan
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 aktif
Market 163.895 11 pip stopTrading ditutup secara manual
It don't goes, stopped at -2.7 pipsCatatan
Just keep doing this, and when you get the right one, you'll know it, because it will go immediately and not come back'Catatan
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
Catatan
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 firstCatatan
Sell at the ready, momentum acroos the heavy up line on this leg should drop fastTrade aktif
buy 164.059, 8 pips riskTrading ditutup secara manual
No go, -5 pipsCatatan
W retest too close, not shortingTrade aktif
SellTrading ditutup secara manual
Close but no cookie, getting sleepy but the time is near, so it'll all come back and some with one hitCatatan
-6 more pips, only out 13 pips so far.Trade aktif
BuyTrading ditutup: stop tercapai
lose 5 pipsTrade aktif
Buy againCatatan
Risk free, it goes or it don't this trade is safeTrading ditutup: stop tercapai
Stopped with no changeCatatan
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 aktif
BuyTrading ditutup: stop tercapai
-12 pipsNot giving up
Catatan
We get trhough here a little higher that should be it, tweezers from yesterday here so holding it back to wellTrade aktif
buy againCatatan
Risk free and running nowTrading ditutup: stop tercapai
Trail stop hit for 11 pip gainTrade aktif
sellCatatan
messed up, break evenTrading ditutup: stop tercapai
wanted double placed singles they spread out :/Trade aktif
buyingTrading ditutup: stop tercapai
-10 again probably need to go to bed and get new york session, asian range put me to sleepTrade aktif
Buying in demand zone, I'll finish the results in the end, too many updates to focus on the price action tooCatatan
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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