karmapala's 3 pips scalping journal

Hello traders and forumers,

Before I move forward, please let me introduce myself:

Name: karmapala (not real name offcourse )
Job: un-employed
Interested: forex trading & mql programming

My reason to create my own trading journal here at ff is for record my trading activity online so I can acces it everywhere on earth when an internet connection is available. Other reason is I would like to look cool with many posts here.

So I will start it now.

I will using my secret indicator to make an entry decision while it give me an alert to BUY/SELL, I will placing an order ASAP with my script.
Main strategy: scalping 3 pips tp, sl 10 pips; this is un-realistic risk /reward ratio but it is normal in this kind of trading strategy
Lot sizing: almost 50% from my free margin and there is a lot increament after a profitable closed trade but not a martingale.

I understand many person do not like my trade style but it is my choice so I hope no flame on my thread. Please create your own thread and post anything you want rather than make a noise here.

Let me find an entry for my next posting.


Regards,
karmapala

My 1st entry at EURJPY:
http://i1229.photobucket.com/albums/...ps713bc48e.png

My 2nd entry at EURJPY too:
http://i1229.photobucket.com/albums/...ps51a99701.png

My result this night +-5 pips :
http://i1229.photobucket.com/albums/...psf205c24b.png

My 3rd entry and this is the last entry in this US time:
http://i1229.photobucket.com/albums/...psa133f8ab.png

So i got +3 pips more this night:
http://i1229.photobucket.com/albums/...ps99bd3525.png

Not bad at all for me...

Open short EURUSD at Asian session:
http://i1229.photobucket.com/albums/...ps831813fe.png

Result +3 pips this noon:
http://i1229.photobucket.com/albums/...ps629f2690.png


BRB - need a lunch -

New position opened at EURJPY:
http://i1229.photobucket.com/albums/...ps194f8db2.png

The result is +3 pips:
http://i1229.photobucket.com/albums/...psc33d7e42.png


Good pair, now searching for new entry again..

New scalp position at EJ:
http://i1229.photobucket.com/albums/...psaa8b5b7f.png

Hit TP +3 pips
http://i1229.photobucket.com/albums/...psd88190a7.png

Looking for new entry point again.......

New buy entry at EJ:
http://i1229.photobucket.com/albums/...pse4d0a3dd.png

+3 pips again
http://i1229.photobucket.com/albums/...ps32de00b4.png


Good result at least until this afternoon.
Now is time for relax with a cup of coffe....

i like people who use ''secret'' indicators . so what is this secret indicator ?

a stop of 10pips. be careful. all you need is 3 losses in a row and you find your many days of hard work in the bin.

Thank you.
I create my own secret indicator based on PA, I never see this method on the internet so tought you too so this is my very own indicator.
Understand. 3 consecutive losses will make my hardwork useless so I will be very careful when make decision for entry.

More entry at EJ:
http://i1229.photobucket.com/albums/...psaa98f254.png

+2 pips
http://i1229.photobucket.com/albums/...psdbd52b52.png

BRB

Bad luck on that last EJ scalp. Always hard when it comes back after a stop out.

Yes you are right.

-30 pips.

bad luck.

Lefted 267 USD at my account.

oh, i got +3 pips now

so -27 now

+3 pips again

Standing result:
http://i1229.photobucket.com/albums/...ps8538fb6b.png

My account blowed up.
I guess i overtrade.

Now started new account with same started capital but different SL/TP ratio: 10/5
1st order +5 pips
http://i1229.photobucket.com/albums/...ps6485b9e9.png


Must be careful and believe I'm in the right timing to opening new order in the next future

I feel so sad reading this.

Very tired this night,

Open new account and try open sell SL /TP 10 /10
result +10 pips.

Hard enough to get + on this market

Thank you brother.

=============
Get +10 pips more last night...
Looking for new opportunity to open a position now...

Karmapala I wish you luck. You will need it.

Good Luck

Jeremy

Thank you Jeremy.

I wish you luck too brother.

The problem is lot sizing. I trade a live account with 10 times the cash, but my highest lot size is 0.5. That way I can suffer quite a string of losses and still not damage my balance too much. I don't increase my lot sizing with wins or losses. I just keep the same size and trade the same way. Increase of lot size comes only with increase of equity.

I use a TP between 3 and 5, and a SL around 8, so I am used to high risk scalping, but my current preferred currency is E/U. Swings are not as violent, and a bit more predictable. Plenty of volume, so that tends to make the chart patterns easier to spot. I have never done well with E/J, but have done very well with A/U when it is active. A/U can be very predictable, particularly during the asian session, but lately it has not been as tradeable as it was.