PipFinite Trend Laser 1M Scalping Trading System Log

Third trade of the day 25 March 2019

Won 10.5 pips on this trade i waited for the arrow to appear before entering and it was New York open

OK So I won 3 trades lost 1 of 12.95% profit of my account I will stop trading until tomorrow.

My Trade size was 0.80
My account balance on the start of the day was USD 1,598.00
End of day was USD 1,806.00
Increase of USD 207.00
In percentage that is 12.95%

First trade of the day 26 March 2019

Won 11.2 pips on this it did just break up past pivot point to R2

First Trade of the day 27 March 2019

Won 0.7 pips it tried 3 times to break resistance trade was open for 48 mins which it s long time on the 1M chart.

I closed it

You can see from the lower screenshot the pipe is only giving single digit moves and price is very sideways I will wait for it to break out

Second Trade of the day 27 march 2019

Slow day today the trend has been up but the resistance has been strong the pipfinte trend laser has been changeable all afternoon

I did this buy trade it took 32 mins to give me 8.7 pips profit

OK So I won 2 trades Account 4.57% profit of my account I will stop trading until tomorrow.

My Trade size was 0.90
My account balance on the start of the day was USD 1806
End of day was USD 1888
Increase of USD 82
In percentage that is 4.57%

First trade of the day 28 March 2019

Won 8.5 pips pips on this morning trade I closed at S1 Support line it did push down a a few pips more but its not back for the start to the day

Second Trade of the day 28 March 2019

I took the Sell trade it gave me 3 pips which was not enough it then pulled back 26 pips, I had a large draw-down the biggest I have had all month.
I set the stop loss at 32 pips which was just above the 5m resistance the resistance held and price dropped back down.
Since I had an open trade I did not take the next sell signal which was a good signal as that would have given 26 pips at the max of that run.

I Closed the trade at 15.7 pips profit .

First Trade of the day 1 April 2019

Won 9.6 pips on this buy trade took about an hour

OK So I did 1 trade today Account grew 4.61% profit I will stop trading until tomorrow.

My Trade size was 1.05
My account balance on the start of the day was USD 2117
End of day was USD 2214
Increase of USD 97
In percentage that is 4.61%

First Trade of the day 2 April 2019

Its a loss of 20 pips, The setup was correct but the price turned

Second and Third trade of the day 2 April 2019

I did a buy trade i wanted 20 pips to recover but i closed at 1.5 it did give me 9 pips the next trade gave me 16 pips

Fourth and Fifth Trade of the day 2 April 2019

Did two trades here due to absolutely perfect setup bellow trend-lines and took profit at S1 Support recovered my losses and made some pips

Hi all

after analyzing the trades the conclusion is clear this system does get pips the risk is same as another scalping system.

Pro: clear entry signals in a trend with little or no drawdown

Con: During the UK session into the USA session trading for 6 hours on average you get 3 signals
Con: Misses a lot of pull back trades
Con: In range market the signals are not property aligned so you have to make a decision based on price actions

So basically it can win every trade, if your patient and only trading in trending markets. Some days there have been no trades even through the market has moved in a 60 pip range.

I find the market ranges half the time and signals are not clear or near strong support / resistance in these conditions i have not found an indicator that will work.

I an currently testing a very basic system using a few moving averages to see it that gets more trades and better in ranging markets

Also on a separate note :

Some friends and I are looking to develop a Forex Trading Keyboard please PM me for more info (I cant post it here)

Thanks

Snipe