Scalp Trade Log +6200 yen

This article records a scalping approach on a gold 30-minute downtrend retracement, waiting on the 1-minute chart (Fibonacci line touch + Stochastic overbought) and entering on the retracement.

〇 Currency
Gold (XAUUSD)

〇 Environmental awareness (higher time frame)
・Timeframe: 30-minute with automated Fibonacci
・Direction: Downtrend established

〇 What to do
・Because it’s a downtrend, only short entries
・Take profit quickly without letting it run

〇 Entry judgment (lower time frame)
・Timeframe: 1 minute
・Lot size: 0.02
・Entry condition: Stochastic retracement + touch of the Fibonacci line
※ When in a drawdown, several averaging-down trades were made
・Number of opportunities: about 5

〇 Result
・Profit/Loss: + ¥6,200
・Maximum unrealized loss: about ¥5,000

〇 Notes for this time
There were many instances where I entered hastily before touching the Fibonacci line. I was saved in the end, but breaking the rules is absolutely not okay!

◆ The retracement reference (Fibonacci) used in this article is drawn automatically with a tool.

Auto Fibonacci drawing tool ▼