5min trading

This journal is a bit of a messy work in progress as I work towards putting together a consistent working strategy. All input is welcome if constructive.

Latest set-up and indicators are on post... 99. This is likely to change. Will try and remember to update post number here.

trade 2: short.

loss: -1%
I know its news time. Testing a new idea out.

Trade 3:
Long.

trade 4.
short. divergence and pivot rejection. 1% risk.



Moved to break even. Got a feeling NY will suddenly send price north.

1. short. 5.5pip sl.



BE+1
out +11pips

2. short. 10pip sl



sl moved to 5pips risk
moved to be+1
out+1

3. long. counter-trend trade.
SL 11pips.
Target 20pips



out. -11

4. long from s1. counter-trend. target 20pips



moved to BE+1



out +6

short. 3.5 pip risk



-3.5 loss

short again

1. long counter-trend. 8pip risk. aiming for 20.



risk now 4pip
moved to BE+1


stop hanging in there for now...

out +1

2. long. counter. over-sold. S1 bounce. 5pip risk. aiming for 20pip



out-5

3.long. counter trend. 13pip risk. 20pip target.

1. Short. Trying some no nonesense super simple trading today.
SL at 12.5 pips.
TP to be trailed.



-9pips. failed to note the news.

2. Short.
10pip SL



Moved to BE+2


Closed at +18. May regret not letting it run but there is some good divergence on the stoch so thought it best to take the pips.




Stupid divergence!!!! lol

Experiment.
1.Short.
SL 9pip


out @ BE

exp.2
Long
SL 10pip


out -1.3pips

exp.3
Long.
SL 10pip



out -4.9pip

exp.4
Short. bit premature but hey...
SL 6.5pip



punished for jumping in early and close to news release.
out -6.5pip

exp.5
Short.
SL 10pip



This will be interesting. Just hitting the mega low from yesterday...


bounced and news coming up so moved to BE


so far so good. Will exit on first blue candle unless prices goes nuts...


Out +30pips. Have to go out. It will prob run for a 100 odd pips now but im happy with new simple system. Need to stop messing about in congestion and too close to news and then should be able to make some regular pips I reckon. Cant trade now until next friday due to work which is a shame. I think despite my messing about I finished day about +28 ish pips.

just noticed we have a blue now so wld have exited here. Similar area to where I exited.

Hindsight....
If just trading Synergy candles in direction of 200ema and exiting when they change colour I could have made a little over 100 pips today without much stress. As it was I arsed around in congestion and paid little attention to news and missed entries and entered some stupid ones. With hindsight it is clear that my pip count should have been much greater than it was. Looking forward to trading these candles but unfortunately i am limited to trading days due to current 4 on 4 off job. Will check charts at end of each day and tally what I wld have made or lost.