Manual scalping adventure

Isn't UJ ECN spread looking a bit crazy?!
No news right now, FF closed about...but that isn't unusual, really.
Broker's market maker account is normal, so is other pairs on ECN.


TE: since it sort of cause wrong ideas on a thread I posted some, decided to take it private, so, not to mess with the trader's brain.
Whoever interests, can always ask about.
As for TheSpike TE, that is gone however, the limited balance had its limitations...part called my greed, as I wasn't looking to take the +15 pips there in UJ...this time for a bigger picture.
Before someone jumps into deep conclusions, it was broker's trade only funds there, some profit being mine, but nothing meaningful amount...you wouldn't get a McDonalds menu from it. It was for one reason left, for my fun.
The trading since last Monday were going on on TheNewHope TE, and is still does.
Right now -1.6% done for the day, nothing major, nor a DD why it is removed, just to make it clear.
I still don't hide, and wont hide facts about my trading!, if someone feel to discuss them.

have a happy weekend!

not much to note for myself, and even less to share. ( not that there is many reader, but why not anyway)
the few things going on...

if one ever find himself with the choice to be a farmer or trade forex...make sure you pick the later.
recently hand-cutting some rice, and I can tell you it isn't fun!!
once done, I will be sure I will concentrate on my trading even more!

since UJ burnt me 2x pretty devastatingly, for the time being I decided to drop it; and that on the current mini account reduced my choices down to about 2 pairs ( due the spreads), EURUSD and GBPUSD.

since 2x I lost big when I tried to hold on to something for a swing trade, and not taking 20 pips what would otherwise be a windfall to poor scalper like me...I decided that for the time being, and until further notice, I will stick to what I do best, and that is scalping!

the TE, because my account being small, after especially those above mentioned losses, fluctuates a lot...even though mostly use the minimal 0.01 lot... and for some it might get the wrong idea, so, for now it will stay private.
last week I had a nice run, +75%...but then again, a single pip accounts about 1%, so, not to go into quick conclusions, private it is ( for now).

I did couple of back testing, but I do those on manually, so, it is slowly progressing, and yet I don't think there is any definite to share.
I have promising results on a EURJPY daily breakout, but since I don't think many interested in what I write, I just don't see the point right now to go into details about it.
Also test a H1 based system on GBPUSD...rather mixed success on the back test so far, but more data needed.

And scalping.
I still have faith in my system there what I part posted here about the entries based on a M5 and M1...(exclude high impact news for min a few minutes into the move).
I believe I can pick entries with high probability. And quite consecutive. That is the good.
And I think my worst is my trade management, I am not good with SL. To let go. To cut loss. That is the bad thing.
Something I should do some live test on to finally come to terms with, and decide what point would be where I can still stay to my high probability entry, and what point where I better let it go.
The trouble is on a tiny account...even the entry spread would result in 1% DD or more...thus I may like the idea to cut all running losses short at 10%...I believe a number on a larger account I still could be content with to make back quick, as well on a large account enough room to prove a trade wrong....on a small account just as now I have, it wont work this, because even a good scalping trade move few pips against me time and again.

If someone read about my problems with IB on here or Exness's forum...now I have a new IB to work with, and I am very happy with him, being maybe the most correct one I ever had luck to so far!

But all this now secondary for the rice harvest, which, as stated at the start, is not fun for me. After comes sugarcane by the end of Dec., that only slightly better ( maybe only now from the nostalgic distance of last year's harvest).
Happy weekend!

A new demo Trade Explorer created and added.
It has way more balance then needed since the % return isn't the matter I want to know from it; the aim is for the positive pip counts.
As the TE's name suggest, it is EA, with manual interventions. In fact 3 EAs, as a group, on 5 different pairs.
Just to not be an aimless exercise, since I don't believe in those....the target is 50-100 pips daily. in the green of course. averaged over a week.

3 days gone.

The demo TE looks surprisingly? good!! total +240 pips. Right in the middle of the target area. (50-100 pips a day, avarage)

And a whole lot more pips then my live account did. Even though it did fantastic for this week.
Wanted to upload the chart of the 3 scalps from today, they were quite nicely representing what I try to do here; but somehow the 'upload' button gets intercepted and lend me to the calendar page. I can try uploading again tomorrow.
Happy weekend!

The Friday trade, I wanted to post for my buddy trader34!
Of course should someone else care to look, feel free.
Finally I am getting down to the finer points of defining my entries better. The results are promising, it only in my hand if I can stick to the rules or not.
The numbers looking good, that is always motivating, that I can do this if focused ( and as long as I avoid UJ pair?)

Monday also seen the demo TE doing good, +83 pips. Great day!

The whole NY session went with waiting for a valid EurUsd scalp entry...with the only one marked instant coming somewhat closed to the entry criteria.
Since London session I took 4 scalps for a quick gain, sitting on my hands were a bit easier; only around 1.24 came some urge to scalp, but fought even that off.
Am I getting more disciplined or what?!
Live gained half as much as yesterday, but still did great nevertheless.

The demo had a big hole hit in mid day with GbpAud; was I ever thinking it will turn around from 1.84 to straight rise to attack toward 1.86, almost? not a chance.
Some mean SL on the scaled entries put a dent for -160 pips.
But the rematch on the pair turned out to be better, along some other trades, and the day as a whole turned out very green there indeed; the most pips I can remember for a long while, even though it is demo.

Week is over, little summary...

Live account seen beautiful gains, perfectly traded NFP; only to see the last Friday trade to wipe out all ( triple digit) gains. Simple not enough free margin to apply my ways, that cost.
The rebate for the week saved the day somewhat; the week's grand total -1%.

Demo for pips doing better then expected on the position trading, that sort of surprises me. The week closed up, +351 pips net, despite about -100 pips on the carried open positions.
The easily booked cleared my own benchmark target, 50-100 pips a day....average being 70, not too far from the result last week.

Hi.i'm reading your threads .very intersting. Can i ask how you choose your exits when you are scalping ? Thanks a lot

Hi.
I have a newer journal, from 2017 on, that is a lot more up to date, and lot longer read too ( My way to highway)
As for exit, normally looking for 4-10 pips approx, depends on the pair and it's typical daily range.