PipInvestment-Day trading and Scalping

New comment
 

Hello Forex Forum Viewers.

I will be sharing my Live trades here.

 

1.) Risk Management: Position Build Long: Scalp entries: Price Action Setup

2.) Swing Trade with TP SL BE

3.) CAD USD AUD NZD JPY CHF GBP EUR: Trade All pairs

 

Been scalping shorts non stop on Eurusd for the last few days. Today the sell off took place and most of my trades closed out at a nice profit.

Need to test Order Closer again on 4 digit broker and check the Semi auto EA.

Two trades didnt open, and TP at 100% didnt work.

 

weekly 2005

2357 Worked 5.14

2137

2070

 

Rule #1

Never have a daily goal. You get what you get.

Rule #2

Make position entries and exits based on risk level. No indicators

Rule #3

Managing risk is not using a stoploss but adjusting positions determined by volatility

Rule #4

No martingale , holy grail, automation, plan changing, gun slinger allowed

Rule # 5

We have prior experience with Trend lines, Moving averages, multi-frame analysis, patterns, Support Resistance, market behavior, and news volatility.

Rule #6

Disconnect yourself from all Distractions.

Rule #7

Decisions must be made before price reaches your entry level.

Rule #8

Follow all your trading rules, money management rules, and All of these rules.

Reason for Trading Journal: Personal Journal acts as Motivation. Document trades, market behavior, mistakes, etc.

Its not about the pips, the gain, or the market direction. Its about eliminating risk exposure.

About me: 1000+hrs chart time/1000+hrs R+D/20% monthly Goal/Price Action Strategy/

Stay motivated- Post Tues-Thurs- Stay on Track

 

2343- worked - Hours and hours but 22 pips! Range

2279- worked - 6 pips - still looking to see 2198

2198

2119

1992

----------

2461

2669

*slacker

 
4xleader82:
weekly 2005 2357 Worked 5.14 2137 2070

2137 Worked Great.

1st - KtB = Volatility matters, Limit Risk before Entering Trade. USE EA Tool // 4x

Always Use TP for quick Exit and Best possible Price- Use Other EA Mananger

2nd - tL - The Level Becomes TP. Use EA Tool // 1x

3rd - Nhl then KtB & Level// 2x

4th- Now we can join. // 8x Update- This is by far the Best r/r (with Trend)

2070. Averaged in to closeout at BE +1/3 lot for 20 pips.

 

If we cant break out of this range 2400-2360

Look for Shorts below 2370

And support at 2279

 

Before entering into a position one must have an exit and stop in point, which is crucial part of scalping.

 
4xleader82:
2343- worked - Hours and hours but 22 pips! Range 2279- worked - 6 pips - still looking to see 2198 2198 2119 1992 ---------- 2461 2669 *slacker

2461; WORKED Twice!!!!!! now double top, == range scalp between

 
4xleader82:
If we cant break out of this range 2400-2360 Look for Shorts below 2370 And support at 2279

A few PIPS off 2279 But entered at 2283...Still valid for Bounce Long! In and OUT!

123456
New comment
Reason: