Auf geht's
Britisches Pfund / Japanischer Yen
Short

GBPJPY Breakout scalping

Von ForexStoryteller
Aktualisiert
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
Anmerkung
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.
Trade ist aktiv
Market 163.895 11 pip stop
Trade wurde manuell geschlossen
It don't goes, stopped at -2.7 pips
Anmerkung
Just keep doing this, and when you get the right one, you'll know it, because it will go immediately and not come back'
Anmerkung
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
Anmerkung
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
Anmerkung
Sell at the ready, momentum acroos the heavy up line on this leg should drop fast
Trade ist aktiv
buy 164.059, 8 pips risk
Trade wurde manuell geschlossen
No go, -5 pips
Anmerkung
W retest too close, not shorting
Trade ist aktiv
Sell
Trade wurde manuell geschlossen
Close but no cookie, getting sleepy but the time is near, so it'll all come back and some with one hit
Anmerkung
-6 more pips, only out 13 pips so far.
Trade ist aktiv
Buy
Trade geschlossen: Stop wurde erreicht
lose 5 pips
Trade ist aktiv
Buy again
Anmerkung
Risk free, it goes or it don't this trade is safe
Trade geschlossen: Stop wurde erreicht
Stopped with no change
Anmerkung
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
Trade ist aktiv
Buy
Trade geschlossen: Stop wurde erreicht
-12 pips
Not giving up
Anmerkung
We get trhough here a little higher that should be it, tweezers from yesterday here so holding it back to well
Trade ist aktiv
buy again
Anmerkung
Risk free and running now
Trade geschlossen: Stop wurde erreicht
Trail stop hit for 11 pip gain
Trade ist aktiv
sell
Anmerkung
messed up, break even
Trade geschlossen: Stop wurde erreicht
wanted double placed singles they spread out :/
Trade ist aktiv
buying
Trade geschlossen: Stop wurde erreicht
-10 again probably need to go to bed and get new york session, asian range put me to sleep
Trade ist aktiv
Buying in demand zone, I'll finish the results in the end, too many updates to focus on the price action too
Anmerkung
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
ForexStoryteller

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