these are my micro scalp trades today and one from last thing yesterday.account now 313.00 pounds,
my cable short from my normal account still running with stop at 82
finished for the day,
Ignored
Hi Diceman555 I am new & have been following you journal for a few week. Do you use a S/L, if yes is it a % of you account. That is one of my biggest problems.
Hi Diceman555 I am new & have been following you journal for a few week. Do you use a S/L, if yes is it a % of you account. That is one of my biggest problems.
Thanks
Ignored
hi jonas,yes i do use stop loss on my trades, i have made on my journel,not these micro scalps,my slightly longer term cable trades,my stops are 15 to 20 pips,im trying to enter on the tops at support or resistence,so once price passes that point my trade is invalid, as generally that covers most spikes if theres a squeeze for stops,my scalps i dont set stops as im trying to trade the generall movment,but this is quite risky as i can get caught on the wrong side with no way back,the reason i dont set stops on my micro is price may initially go against me,but overall money flow is in my favour,so ill hold until my other pairs tell me im on the wrong side,hope that helps
my cable trade yesterday i left running got stopped at my stop ,15382,16 pips profit.i see the 15400 got taken out ,watching cable price to see its reacion ,firstly to the diaganal,then the retest of 15400.if we continue with the selling from asian market.
stop at b/e on this longb weak pa towards the 15450 area,strong resistence ,also previous sell zone,will watch price if it trys that level again,although looks week at present
hi jonas,yes i do use stop loss on my trades, i have made on my journel,not these micro scalps,my slightly longer term cable trades,my stops are 15 to 20 pips,im trying to enter on the tops at support or resistence,so once price passes that point my trade is invalid, as generally that covers most spikes if theres a squeeze for stops,my scalps i dont set stops as im trying to trade the generall movment,but this is quite risky as i can get caught on the wrong side with no way back,the reason i dont set stops on my micro is price may initially go against...
update on my cable ,will close this short at b/e,if price dosnt drop during london am session.theres a large strike option that expires at new yourk close,price 130,on euro,$ ,so maybe wait till monday,just somthing to watch for,
another week passes,the end of the week all my pairs rallied,cable has come back up on daily to the previous horizontal ,for retest which we anticipated last week.the weekly chart shows a clear bullish candle,and the monthly has pulled back into its zone after sticking it nose through.i will be looking for cables opening price,to see wether it gaps up above that daily horizontal,daily,if it does will look for it to test the new support on the horizontal and buys will be my bias,having said that if price fails to break above this level ,i will look initially for a short,lots of resistence on the monthly and the daily resistence horizontal.just my thoughts.
will update my last weeks scalps and trades later today
very slow at the moment so i thought id post my scalp trades from this account i started trading last monday,start up ballance 80 uk pounds,todays ballance 394 pounds,please remember im being somwhat riskea with this its not my regular trading account.
had a bad run on thursday 7 straight losses,but my win ratio seems at moment to tolerate bad runs.
