Swings and scalps

1 Hr. This is a trade that kinda ran away from me a bit trying to guess the top, however I can scalp it down, lock in profits, then let it run when the position size is smaller, those many trades going up are small.

It makes me wonder, what is the difference between adding to a loosing position and scaling in? I scale in when the original entry has a lot of breathing room as far as target and stop, then just tighten the stops as I go, or in this case I don't even have stops on all the positions because they can handle drawdown. I may place stops if I stop watching the screen though, but I watch it regularly anyway.

Originally I just took a small position on an overbought level hoping the trend was my friend. At this point I think it still is , it is at a resistance level on the daily.

What to do..... I could take profits, the positions are large enough to make it a nice scalp, or I could let it run and perhaps it will go as originally planned. This one also kinda ran away from my entry but I am getting better with tight stops. I had another strategy that scales in so I am trying to not do that as much here but I have traded with it so long it's difficult not to at least somewhat. My scale in strategy I am hoping to program with MT4 but I don't know the code yet I have to learn. It's a money management strategy it doesn't matter if price goes either direction.

6 Hr.

Considering the lack of support I will probably hold it. I may move stops up though, waiting.

Scalping into position.

Watching it closely because I may just scale out to reduce risk if it keeps ranging. This trade is really small. Just like averaging in when it is at a support point like this, waiting for the break, building up power so to speak.

I was too highly leveraged with other trades at the time to get this trendline bounce but it looks bearish to me. I will be at breakeven soon, and may scalp at the exit point. Entries and exits should be the same points theoretically, just flipping directions. However this can only be done when it spikes, I have to watch price closely when I do this.

I use a small account and max out my margin when scalping, as much as possible, then scale out before I step away from the computer and let it just be swing trades at that point, more margin to breath with. This is high risk trading for me, but if I keep getting better at it I will just continue to grow my account. I'm not taking money out. So far so good with the ROI.

Added a small amount with a tight stop at this fib level. Watching it closely.

Moved sell entry up a bit. Tighter stop that way. Watching this trendline.

Tight stop is my motto, even though overall the chart seems kinda bearish. Long with a small entry, then add on the pullback.

Nice double bottom test of support. See if it holds.

Kinda risky with this one. Small position.

Stopped out of my long on this one in the sub account. Sure enough, it keeps on going. This is something I have to perfect, how to hold trades longer. The position wasn't big enough on the re-entry and I am loosing opportunity cost. It may bounce off this trend line. Moved my stop on the short to break even. Waiting to enter with sub account long at trend line, I want to see if this is a false breakout or a new trend.

Put a long on the sub account, both long and short open. Larger position on long due to tight stop.

Lost some momentum on the USD/CHF trade short, watching for it to break support. It could have more upside if it makes a higher high, bullish flag potentially. That is what I have found the most difficult to master is whether it is weakening or forming a flag pattern. It has that trend line for resistance moving down as time goes by. Waiting to see if that holds.

Critical moment at the trend line is it a bull flag?

Moved stop to breakeven on USD/JPY long, funny I have breakeven short and long on the same currency, price is right between them. They will probably both get stopped out. Not large enough to take profits now.

Just to document the price action around the first fib level. I could take profit, will I regret it if I let it run? Does this move have strength to surge upward from this level? It doesn't look like it. Looking for a break of this fib support to the next one, a bounce then hopefully lower.