[First week of December] +164 pips! Let's review the trades!
Hello, this is Viga, the Sonic Scalper!
The first week of December has ended,
how were this week's trades for you?
This week was positive overall,
but I made some entries outside the rules,
so it was a week with a lot of reflection.
Speaking of this week's results,
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First week of December ＋164 pips
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that’s what it was!
If this performance comes from scalping only on the USD/JPY (yen pairs),
I don’t think it’s bad, but
there's still a lot of room to grow.
After all, trading is
about turning it into “a routine.”
Getting caught up in sharp rises and falls
or taking trades that aren’t in the rules,
and inviting unnecessary things in
"evil emotions"must be eliminated
to become a trader who keeps winning.
With such reflections, I’ll do my best again next week＾＾
And here is yesterday’s recap.
■ Entry No.1
“Short after a strong drop”
＋10 pips
・USD/JPY 5-minute chart
・ MT time 12.06/12:35
・ Short
This is very straightforward
and an easy-to-understand trade.
Around 5 PM there was a strong drop
and it briefly broke through a round number
but then pulled back, so I went short at the local high.
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How to identify the “top”
・1σ on the 5-minute chart
・MA on the 15-minute chart
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That’s basically it.
As for cautions,
in a recent sharp decline with no clear rebound,
it’s fallen strongly all at once,
『re-landing is unlikely』to think.
So
early take-profits become essential.
For example
・to the bottom of the first rebound
・to the round number
・to the opposite 1σ
・to the MA
That kind of flexible exit point is fine.
■ Entry No.2
“Short after a strong drop”
＋5 pips
・USD/JPY 1-minute chart
・ MT time 12.06/13:54
・ Short
It’s a point that crosses a trendline.
Honestly this is a place where you don’t need to enter.
I would normally do it
but
it's a trade where you feel “maybe it’s good…”
So there’s no particular explanation.
It happened to win this time, but
there’s a possibility of a big loss someday,
so even if intuition itching to enter activates,
you must be able to restrain yourself＾＾
■ Entry No.3
“Penant breakout from a rebound”
＋6 pips
・USD/JPY 5-minute chart
・ MT time 12.06/14:20
・ Long
I actually like this pattern fairly well
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From a strong drop,
↓
the price rebounds temporarily
↓
begins to form a flag pattern
and starts to form an upward wave temporarily
↓
this time it wasn’t a flag
but a pennant
↓
draw a trendline
and aim for a long on a break of the trendline
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That’s roughly how it flowed, right?
This is a pattern that tends to play out as planned.
However, the market is still strongly bearish, so
it’s not good to be overly optimistic.
I mainly scalp,
so I don’t intend to hold for long anyway,
but I still watched carefully without being greedy.
RR is important, but
I adapt to my own personality and
respond flexibly!
Things may change in the future, but
for now this style is working well,
so I intend to stick with it for now＾＾
That’s all for the recap!
Friday movements were odd, so
while keeping the year-end market in mind, I’ll continue to accumulate profits without forcing it.
Well then, have a great weekend!＾＾！
▶︎https://twitter.com/viga_FXtrader
■ 30-second binary results
Over 50 lots worth of results images published!
▶︎https://ameblo.jp/viga-trader/entry-12552894728.html
■ Profile is here＾＾
