GBPJPY Breakout scalping

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