GBPJPY Breakout scalping

7 thg 4, 2023Looking 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

7 thg 4, 2023

Bình luận

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.

7 thg 4, 2023

Giao dịch đang hoạt động

Market 163.895 11 pip stop

7 thg 4, 2023

Giao dịch được đóng thủ công

It don't goes, stopped at -2.7 pips

7 thg 4, 2023

Bình luận

Just keep doing this, and when you get the right one, you'll know it, because it will go immediately and not come back'

7 thg 4, 2023

Bình luận

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

7 thg 4, 2023

Bình luận

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

7 thg 4, 2023

Bình luận

Sell at the ready, momentum acroos the heavy up line on this leg should drop fast

7 thg 4, 2023

Giao dịch đang hoạt động

buy 164.059, 8 pips risk

7 thg 4, 2023

Giao dịch được đóng thủ công

No go, -5 pips

7 thg 4, 2023

Bình luận

W retest too close, not shorting

7 thg 4, 2023

Giao dịch đang hoạt động

Sell

7 thg 4, 2023

Giao dịch được đóng thủ công

Close but no cookie, getting sleepy but the time is near, so it'll all come back and some with one hit

7 thg 4, 2023

Bình luận

-6 more pips, only out 13 pips so far.

7 thg 4, 2023

Giao dịch đang hoạt động

Buy

7 thg 4, 2023

Đóng lệnh: dừng lỗ

lose 5 pips

7 thg 4, 2023

Giao dịch đang hoạt động

Buy again

7 thg 4, 2023

Bình luận

Risk free, it goes or it don't this trade is safe

7 thg 4, 2023

Đóng lệnh: dừng lỗ

Stopped with no change

7 thg 4, 2023

Bình luận

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

7 thg 4, 2023

Giao dịch đang hoạt động

Buy

7 thg 4, 2023

Đóng lệnh: dừng lỗ

-12 pips
Not giving up

7 thg 4, 2023

Bình luận

We get trhough here a little higher that should be it, tweezers from yesterday here so holding it back to well

7 thg 4, 2023

Giao dịch đang hoạt động

buy again

7 thg 4, 2023

Bình luận

Risk free and running now

7 thg 4, 2023

Đóng lệnh: dừng lỗ

Trail stop hit for 11 pip gain

7 thg 4, 2023

Giao dịch đang hoạt động

sell

7 thg 4, 2023

Bình luận

messed up, break even

7 thg 4, 2023

Đóng lệnh: dừng lỗ

wanted double placed singles they spread out :/

7 thg 4, 2023

Giao dịch đang hoạt động

buying

7 thg 4, 2023

Đóng lệnh: dừng lỗ

-10 again probably need to go to bed and get new york session, asian range put me to sleep

7 thg 4, 2023

Giao dịch đang hoạt động

Buying in demand zone, I'll finish the results in the end, too many updates to focus on the price action too

7 thg 4, 2023

Bình luận

No success for profits, but risk management is solid. Stopping here and reset next week, - 5 dollars , " 'tis but a scratch" -Monty Python