Fresh Start...
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Thread: Fresh Start...

  1. #1
    Wanted to start a journal. I will try and scalp pairs that have low spreads a little prior to the NY session starts, probably from 6am-11am EST.. I don't have any clue how this is going to perform but I decided I should give it a go.

    I also trade a more conservative style and I will probably list those trades in the event the scalping doesnt work to my own liking.

    For SCALP only
    5 Minute chart.
    Slope Direction Line-(Period 9, Method 3, Price 0)
    Stochastic's -- (5,3,4)

    When both indiors agree I'm likely to follow. Really dont believe there's a need to worry about the daily trend since I'm opting to get a few pips. Its likely to be a mental SL.

    Maybe this will end up being profitable, but I have my doubts...

  2. #2
    EU closed for a 50 pips
    GJ currently at 276 pips, locked in at 220 pips.

    Once I say pips, I mean that this is the total to be obtained.
    For Example EU Short.
    Open @ 1.5578
    Closed @ 1.5528
    Profit 50 pips.
    I only explain this as I commerce multiple lots occasionally with distinct TP levels. .


    New Trade-
    Short GU @ 1.9794.

  3. #3

  4. #4
    Quote Originally Posted by ;
    EU closed for a 50 pips
    GJ currently at 276 pips, locked at 220 pips.

    Once I mention pips, I mean that this is the total to be gained.
    For Example EU Short.
    Open @ 1.5578
    Closed @ 1.5528
    Profit 50 pips.
    I only explain this as I exchange many lots at times with different TP levels. .


    New Trade-
    Short GU @ 1.9794.
    Are the above results on 1h or 5min TF?

  5. #5
    The transactions listed above are out of my conservative trading style. They're off the 4HR and DAILY charts. Im giving up on the scalping. Like I have said its not.

  6. #6
    No trades for today as it is Holiday for me in the united states.

  7. #7
    Short EURJPY @ 163.70
    SL @ 164.50

  8. #8
    Quote Originally Posted by ;
    The transactions listed above are from my conservative trading fashion. They are off the 4HR and DAILY charts. Im giving up on the scalping. As I have said its not.
    Thank you. Are you the same parameters and indior about the 4h or D1 as clarified in thread #1for 5 minutes?

  9. #9
    Yeah so scalping sucks!!! I applaud everyone who scalps and is effective in doing so but this is not for me.... At this time I know....

    I created 3 successful trades this morning that we#8217;re shorts. I decided to base my trades off of H1 timeframe. However, what I understood is that you need to be fast to pull the trigger or it may go bad, really quickly. Now I don#8217;t have the problem with that, my difficulty with scalping is I'm using such high risk and I'm not comfortable with this morning felt like gambling then trading8230;. Granted I had better luck this morning rather than going to the casinos, lol

    I determined I'm going to use this thread to post my other trades.

    Currently short EU from 1.5783 secured in a minimum 50 pips profit.
    Currently GJ from 203.21 secured in a minimum 220 pips profit.



    I shall post some charts and a number of my methodology later tonight if I get some time.

  10. #10
    Yes indiors. On 4hr I mainly enter based off the SDL and mostly use the Stoch on lower TF for greater entries.

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