PAGuys M5 Scalping Journal

Hey,

I have decided to start a trading journal for my day trading positions.

I will be posting screenshots with explanations for the setups I take on GBPUSD M5 chart. I usually take between 1-5 trades a day, all I use is price action and a few EMA's.

All my trades are managed with 2 TP's, once TP 1 is hit, my SL is moved to BE.

I only trade 4 signals which are:

Pin Bar
Inside bar as long as pin bar is present
2 Bar Reversal
Engulfing Bar

I usually trade 8am to 4.30pm GMT, but have quit early today as I have other things to do, but here is a chart of today's trades.

Here are a few more screenshots from last week (and maybe week before, mixed up my folders :/ ), 2 loosing trades the whole week, pretty pleased with that!

Took one more trade, still at my computer haha, trade was taken before 4.30, my finishing time... TP 1 hit, SL moving to BE now..

This trade was taken due to a lower high being created and also a pin bar sell signal, my first TP was 8 pips, I have manually closed the remaining part of the trade out as it is 5pm and the trading day is over.

Good luck all! Have fun trading

Bank hard!

Decided to enter on a bullish engulfing candle, all profit now taken, TP 1 and 2 hit.

Getting ready to buy GU on M5 - IB With Pin

EDIT: Didn't close how I would have liked it to. Voided.

Does anyone have any feedback on my trades or questions?

If you want, I will accept skype requests and take live trades while sharing screen to help people out Already done a few for a guy earlier today

What's the name of your Skype room ?

You use perfectly PA !!
Very nice trades and well explained !

I ain't got one, but add me if you want... adam.jn (Say who you are btw, so I know to accept.)

I could actually create one I suppose though...

Skype search didn't find you.

Only trade I have taken today due to bad conditions...

I didn't really do much trading today, but taking a look back over the charts, these are the trades I would have taken, 1 loser today

Took 2 of these trades today on the skype

Market was moving pretty nice today, I actually thought it would have made a move downward towards the end of the day due to the daily bearish engulfing from Friday, but we had a pretty solid uptrend on GU M5 today, then news was released and the market went pretty flat, at which point I pulled the pin.

EDIT: 2nd part stopped out at break even.

I haven't really posted the pas few days, got a few charts I might throw up later on this evening or tomorrow.