High Percentage / Pip M5 Scalping Journal

Hey!

I will be using up this space for journaling my progress. I will be testing my strategy both at 1% per pip with stop loss or at 2.5% per pip with hedging depending on my mood and setup.

Attached will be a DEMO TE for you to see more or less what I am doing.

Let's see how much % I can accomplish.

My active hours are between 12:00 and 21:00 hours GMT +3, Pepperstone server's time zone.

I will be trading EURUSD mostly, with occasional trades on AUDUSD

How many pips do you target in each trade ?

I set SL to BE + 1 after 4 pips. I usually TP at 6-12 pips. Sometimes I let it run for more too (30-40 pips). But usually after 6-12 pips price comes back to my entry. I always am conservative in that way and prefer a BE + 1 than losing money. I can always re-enter with more information later. I target key levels always.

I will post charts with my entries as soon I can get a new trade with this demo account.

For some reason FF trade explorer page doesn't load for me.

Very simple, non CT scalp. Taken from a clean chart, no indies. I do use indies, one of them is proprietary and cannot share. I will share what I can with you.



3 pips SL, 6.8 pips TP.

Another trend following scalp. TP yesterday's daily open. There's no need for fancy indicators really, this trade is out of my main CT system. But I love pattern trading, I find it more fun. That's why also the smaller position size.
Dynamically adjusting SL after price breaks S/R



BE+1

Will be looking for longs around Daily Open.

Close, main reason was NY open. + 9.4 pips.

These trades are outside my main strategy, that's why the lower size. Got to be patient and get the BEST possible setups if I am risking high %. In my eyes this kind of trade is lower probability.

Good luck Nenuser

Thanks for stopping by, FP!

AUDUSD trade

Fitting my main system.



Closed + 6.1%.

Could have let it run.. Very extended ADR + Perfect entry at the very low + Bullish pattern. Still I don't know the future, preferred to bank the 7 pips.

Watching AUDNZD may bounce from Daily open.