Scalp, scalp, scalp

hi all, im william,my intention here is to record my daily trades win,loose .

im scalping anything from break even to whatever i feel i can get.

im trading this live with 650 gbps start up.

my method is pretty much pa ,market flow or whatever other technical names are out there,but basically im watching 4 charts 1min,5min,15min and 1 hour.i take reference from 4 hour and daily for areas of price i want to monitor.

once i know my price i switch to my trading platform and study the prices at these areas and make my decision on entry based on the reaction of price at the given area.

regards
william

im trading this method on an existing ig index spread bet platform i havnt used for somtime.this platform allows me one click trading so execution is rapid and normally on the price i clicked,very in portent for me to get in quick and out quicker wen im wrong.

there are other things i use which if i dont blow the account straight of i will describe as we go on.

so lets see were we go.

hi,
only one scalp yesterday as it was bank hols in uk,today i made 6 scalps with small profits from 3 to 11 pips.and fortunatly today no losses,but need more from almost perfect entries ,if i dont let them run when price screams at me to do so it will prove my downfall,but hindsight is a wonderful thing.

regards
william

hi,im not quite in sync with things this morning ,but persevering.

just exited a sell gu didnt get the reaction at the oclock i was hoping for so came out break even.

long gu at 15348 only managed 5 pips which had alot more on offer reason for trade was break out on 5 minute chart against the flow of eur,gj and others,re entered at 15382 for 4 pips,then as per trade 1 sold.

summery today so far making hard work of 2 nice set ups.need to get more from the better entries or im going to get burnt

regards
william

if gu goes through 154 i will watch pa around 15407 to 15412 ,its a gentle flow up at present ,but lacks conviction in any of its crossed pairs follow the leader euro at mo,watching to see if the maintains its upward momentem

regards

hi,

15406 played out almost like a script,dropped 25 + pips got my 10,then went long around 15413 once the sell thing died,only managed a few pips from that lovely break up as it chased the euro.

another interesting price level now 37 area, ps, sailed through this one,hope lots of you are running with this one,i wish i was ?

got my 20 +pips today but made very hard work off it,totally aware of my failings today but my entries are on the money,need to re adjust my thoughts alittle .

regards
william

hi all,these are my trades today all small scalps,in conclusion should be alot more on the table,again hindsight,but my main concerns here are when i get concurrent losses i will be fighting uphill,although last week was like that and im moving forward again

start up capital was 650,now at 931 and as per my first statement i returned 200 back to my card so would be infact at 1130.

well 6 trades today all on gu no losing trades 25 pips gain

regards
william

Are you using full lots? If you dont mind posting some charts that would be nice.

Are you using full lots? If you dont mind posting some charts that would be nice

hi google,the platform im trading this method on is slightly different to how you conventionally trade ,this is a spread bet platform,i have had this account for somtime and dont want to trade what im doing here on my alpari uk account,im trading 5 uk pounds per pip at present,if i manage to grow the account i will increase accordingly ,my risk is 5 to 8 % .

i will post some charts when ther is somthing to show you.

regards
william

hi

just updating,been scalping a few pips from various levels as ug drizzled downwards,around 14 pips up,scalping probably wrong word for these types of scalps i think stealing them would fit the description better

regards
william

whilst the market is drifting as it has been the last couple of hours these are great times to steal pips,i have reconized the levels of 15376,15393,15407 a key one from yesterday,and 15419.these are levels of ,lets call them micro supports within the more ovios main supp and resistence,this is were i grab a few pips .the prices hit these and drift 5 or 6 pips back and forth then move on again to were ever the market takes it,but you need to watch the buy sell price to see them.

regards
william

ps u need fast execution thats why i use the platform i do for this type of trading.my alpari would not get me in quick enough and getting out would be even harder

just missed that lovely bounce off 15377,15 quick staight pips,nevermind.

you can see that level clear on 1min,5min,15,min,30,min.great credentials to hit the buy
regards
william

ps best view on this was 30 minute

hi,

well ive had to work very hard to get my pips today,but im finished got 30 pips in total scalped out of a very tight trading zone,took ten trades in all,but no losses,

although i must confess to dropping stops below and above the range,so risked upto 20 pips loss not recomended.but only now has it broke 153 77 area.

yes i will agree that the rr dosnt work but im relying on hit ratio and over a period im hoping to ride the losses,we will see

my account is now 1080 pounds from 650,also i took the 200 back to card so would in fact be 1280

pleased with results so far but i have some issues to address.

here are my trades today

hi,

good morning just started up for the morning,just sold ug at 15423 and closed at 15414 for 7 pips,nice start to the day this level was one of yesterdays that we were scalping with,the top end.

so it will be interesting to see if it breaks this then we will need to look at the whole thing from a nother eye.

regards
william

just took my little girl to school and got back to see the break of 24,

lets see what we need to work with now,bias is slightly long on all my currency pairs but only just .

sit back and wait for some clues

regards
william

sold gu at 15446,31 pips on the move down was on the button for it,sometimes we are given gifts if we are in the right place at the right time

im happy today

regards
william

hi ;

ok took my first loss off the week,went long on gu at 15401 after the big drop,my only reason for my disappointment is that firstly, i dont get to keep a clean sheet all week very often,secondly the price has just came back to put me in profit,well the positive from this trade was my managment of the trade,you see i know i would need to place my stop below yesterdays 15377 level which put me at a 25 pip risk,bearing in mind ive got my pips for the day all be it with a little help from the guy upstairs,so i decided to cut the trade at 15397 to protect my profit today,because now i can stop trading today.it was only a 4 pip loss,but on this occasion i feel i managed things well.

i will post todays results shortly with my weekly summery

regards
william

hi,all,

monday; 1 trade win 9 pips

tuesday; 6 trades all win 26 pips

wends; 6 trades all win 26 pips

thurs; 10 trades all win 30 pips

friday; 3 trades 2 win 38 pips
1 loss 4 pips

total pips gained 129 pips gain @ 5 uk
pounds a point

account start mid august 650 uk pounds now stands at 1,447.82

great start to this particular journey,very exceptional week more than doubled the account in 3 weak

my risk on the early part of this account was extremely high.i will not increase the lot size as ,i want to conform more to a realistic % of risk per trade,but having said that i will still be aggressive in my style,

do i feel ive traded well for my gains ?

yes i have traded well but i have defiantly rode mother luck at times.

the test is always when 3 or 4 go against you,and my rr works on my high hit ratio,bearing in mind my method dictates certain levels of stop often around 15 pips so its a fine balance,
we shall see

regards
william

todays trades

hi all,

does anybody know of a metertrader platform which has 30 second chart

or similar

thanks

william

morning all,

well its monday morning and takes a little time to focus the mind so one feels in sync with there market.

im somwhat rusty ,sold gu at 15480 and took a few pips,then bought gu at 15465 for a few more pips ,both these scalps between sr levels and also very slow pa,
i really need to work on gaining more pips from these type of trades as lots more on offer in both directions,

sold gu again at 15484 for 8 pips down,

so started well but have to have more patience on good entries

regards
william

hi,decided to close up for the day its gone into slow motion here and im getting a buzz in my head,

i guess giving away 20 pips on a extremely bad timed trade has not helped but part of the game,

havnt tallied my results yet but im 7 pips or so adrift today,not the ideal monday considering the gu only gone one way,.

well tomorrows another day

will post my results later

regards
william