GBPJPY Breakout scalping

Zaktualizowano
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
Uwaga
Yesterday's stats on this pair are
1 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.
Zlecenie aktywne
Market 163.895 11 pip stop
Zlecenie zamknięto ręcznie
It don't goes, stopped at -2.7 pips
Uwaga
Just keep doing this, and when you get the right one, you'll know it, because it will go immediately and not come back'
Uwaga
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
Uwaga
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 first
Uwaga
Sell at the ready, momentum acroos the heavy up line on this leg should drop fast
Zlecenie aktywne
buy 164.059, 8 pips risk
Zlecenie zamknięto ręcznie
No go, -5 pips
Uwaga
W retest too close, not shorting
Zlecenie aktywne
Sell
Zlecenie zamknięto ręcznie
Close but no cookie, getting sleepy but the time is near, so it'll all come back and some with one hit
Uwaga
-6 more pips, only out 13 pips so far.
Zlecenie aktywne
Buy
Transakcja zakończona: osiągnięto poziom stop
lose 5 pips
Zlecenie aktywne
Buy again
Uwaga
Risk free, it goes or it don't this trade is safe
Transakcja zakończona: osiągnięto poziom stop
Stopped with no change
Uwaga
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 101
Zlecenie aktywne
Buy
Transakcja zakończona: osiągnięto poziom stop
-12 pips
Not giving up
Uwaga
We get trhough here a little higher that should be it, tweezers from yesterday here so holding it back to well
Zlecenie aktywne
buy again
Uwaga
Risk free and running now
Transakcja zakończona: osiągnięto poziom stop
Trail stop hit for 11 pip gain
Zlecenie aktywne
sell
Uwaga
messed up, break even
Transakcja zakończona: osiągnięto poziom stop
wanted double placed singles they spread out :/
Zlecenie aktywne
buying
Transakcja zakończona: osiągnięto poziom stop
-10 again probably need to go to bed and get new york session, asian range put me to sleep
Zlecenie aktywne
Buying in demand zone, I'll finish the results in the end, too many updates to focus on the price action too
Uwaga
No success for profits, but risk management is solid. Stopping here and reset next week, - 5 dollars , " 'tis but a scratch" -Monty Python
5minscalpingTrend Analysis

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