Pips for the day - Scalpers only

I am going to start posting trades that I take and add some commentary, kinda like a journal. ( KEEP IN MIND NOT EVERYDAY I WILL TAKE A TRADE IF I DONT LIKE HOW THE MARKET IS RESPONDING )

This has to do with my last post about if more pips = more profits ? : http://www.forexfactory.com/showthread.php?t=550929 (you guys can decide)
I know it is not everyone's trading style, but I know there are traders that do trade this way. Capturing a few points here and there, you just cant go broke if you learn to manage yourself correctly.

This thread is for scalpers and anyone else that encourages scalping methods, you are welcome to join and show what you did for the day.

Style - Scalping:
7-10 pips per day and I am done.

As mentioned I also welcome any one whom would like to post how their day go!! Good luck and LETS STAY DETERMINED

This was the trade I took today gbp/usd and was able to grab about +8 points and that was pretty much the trading day.

Another reason I took the trade was because I had some nice Fib Walls on 5min, 15min, 60min of the time frames that I typically watch... So I also watch multi-time frames to give myself the confidence to take the trade. Which at the time the line I am pointing to was at 90 ish level and price was also under big figure. Plus it was running out of steam. So it is some what of an aggressive trade but I still took it and because I know my R/R then even if that trade would have been a loss. Taking the trade up at big figure would have also been an opportunity I would have looked to re-enter.

Took another trade today on the USD/CAD , I ended up taking +7




What made me take this trade was because it was at Big Figure level ...Plus there was a Fib level as well along with a trend line .... I would like to add that London session was already closed and usd/cad had ran out of steam. Also on the 1 hour time frame there was some support , and when it comes to these type of trades the first hit is usually the payoff.

Interesting trading journal, waiting more about your system
thx

7/29/2015

Today was another awesome day, I took two trades, so one trade was for about +8 points on the gbp/usd off a few really good levels.





If you look at the 5 minute chart where the mo averages are located it was right on the Black momentum, also another reason I took the trade was because it hit a 5 min FIB level @ 1.5625 and another FIB level on the 15 min at 1.5624, Plus on the 1 hr... that fib level was at 1.5627 , which if you look at the picture above those levels are all there...



Also I noticed the signal was also generated (picture below) there is a green arrow pointing up , so there were plenty of reasons why the trade was taken, I like to call these Passive trades because of the market getting into that shaded green zone.

You are welcome.

7/29/2015

This was the other trade that was taken today. took about +12 points ,





Also this was another trade that was also considered a Passive trade, they usually don't happen as often, during this time because the summer and less volatility in the market... but when they do, they are high probability trade setups. Once more the signal was generated , there are two green arrows pointing upwards... Noticed I circled the second green arrow, that was the trade I ended up taking, because the first time it happened , it happened really fast that I wasnt even able to execute. But I still got in on the second time, in which that trade paid off well.

7/30/2015

Took an active long on the usd/cad - @1.29733 took +11 . Price made a quick jump from my entry... was in the trade for about 1 minute.






You can see on the 5 minute there was a fib level there. Another reason I took it was because of strong momentum to the upside as well....

everyday is greenday

So far this week , has.

If that was a momentum trade, why did you get out with an 11 and not ride the wave?

do repeat everyday and the top of mountain will reach.
bravo

because in reality, I really dont know the outcome, all I can do is be ready so that once I get my 7-10 pips, I am done for the day.

tomorrow is mystery even 5 minutes forward.

Haven't posted in a while...anyways

took usd/cad trade this morning, right around the 59 level... took around 40+ points.

awesome day today.

Taking points from the markets today on GBP/USD, saw about 7+ points and when I closed my position took exactly 6.8 pips in profit out. Awesome day, you can't always have home runs, but when you do, just be ready to take advantage of them....

Took a few trades today 2 loses and 2 wins still came out a winner with +11pips in profit.... awesome day Trading FOMC Statement.
First two trades were loses, then had more patience to wait... and BOOM! came out on top. Knowing how to manage your loses is what keeps you in this game.


Remember: "The goal of a successful trader is to make the best trades. Money is secondary."

My mentor told me be patient and the payoff will come.
Took a trade on GBP/USD late in the session. Took about +8 pips. Time to head out and get ready for the weekend!
Good time to review and retrace what I did as far as trading and how I could have done better. Always growing, always learning.

Indeed, there are some of us. Good luck with your trading and keep in mind to stay calm under increasing lot sizes. What was helpful for me was to change the MT4 profit column to points (and hide any cash fields on the screen). I'm trading with 20 lots just like I traded with 1 lot. Thinking (or better seeing) money is misleading and an easy avoidable factor for stress when routinely changing the pip value.