[PON-YEN SCALPING +34 pips] Explaining 6 trades
Hello!
This is Vega, the Speedy Scalper＾＾
I will explain Monday of the second week of December's trading.
Yesterday's results are
＝＝＝＝＝＝＝＝＝
6 trades
Total +34 pips
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That’s all＾＾
At the start of the week, to add some gloss,
I think it was not a bad result.
However, the number of entries was high
and the profit per entry was small, which is something to reflect on.
I would like to raise the average gained pips to
5–10, but
it depends on the market,
and pushing my own wishes forward won’t help, so
I’ll keep it at a moderate level of awareness!
With that,
here is yesterday's trade analysis＾＾
■ Entry No.1
"Breakout of trendline and sudden surge followed by counter-trend entry"
＋5 pips
・AUD/JPY 5-minute chart
・MT time 12.09/08:30
・Counter-trend short
When I opened the chart,
the trendline broke out vigorously.
I judged a pullback at the top of this rise
since there was a strong drop on the left side of the image and
the Fibonacci 78.6% level there,
I decided it would drop for a while.
Rather than FX, it felt more like BO (price action) experience!
Looking at past charts,
from this peak it fell more than 30 pips, so
I wondered what if I had held the position—envy in hindsight＾＾;
I suppose I was a bit chicken, but it can't be helped, haha
■ Entry No.2
"Trying for a breakout of the trendline"
＋5 pips
・AUD/JPY 5-minute chart
・MT time 12.09/09:30
A trade that aimed for a breakout of the trendline after a sharp rise.
The trigger used Bollinger Bands.
I thought it would surge to the recent high after breaking the trendline, but
that wasn't the case.
The trendline was touched multiple times and hammered down
"This is definitely suspicious."
Being able to see such candle responses, which is hard to verbalize,
■ Entry No.3
"Breakout of trendline failure followed by decline"
＋10 pips
After escaping long earlier,
it didn’t reach the high and was hammered down.
From this long failure, I judged “it's going down.”
And at the same time,
the original arrow lit up, so
Together the two positions yielded 10 pips!
Then it dropped big, so
I’d like to improve my logic to be able to take more here!
Current challenge is
to extend profits at appropriate points
■ Entry No.4,5
"Sell on the bounce from decline"
"Long on rebound from W-bottom"
＋6 pips
・AUD/JPY 5-minute chart
・MT time 12.09/10:50
・Short
・AUD/JPY 5-minute chart
・MT time 12.09/11:20
・Long
This was really a small trade, so please treat it as a bundle＾＾;
The first short was simple:
The price fell hard
and returned inside the trendline
↓
The trendline turned into resistance
↓
It returned to the resistance, so I sold on the rally
The second long, as you can see from past charts,
there is a W-bottom, so perhaps the downside is solid?
Just a rough impression.
Then,when I switched to a 1-minute chart,
the W-line tried again to break but couldn’t!
Plus the trendline was above!
This long position went on to extend another 30 pips!
I wish I could have extended the profits more, right?＾＾;
Well, the read was decent, so I’ll leave it at that for now,
and look forward to my future self w
■ Entry No.6
"Short aimed at a flag"”
＋8 pips
・AUD/JPY 5-minute chart
・MT time 12.09/12:40
・Short
This trade was careless.
The trade itself was very simple,
“Imagine a flag and use the up-down movement in a channel range as a counter-trend entry”
However,
I usually derive the final entry point using Fibonacci retracement
So, when I looked at the chart at a glance and saw this shape,
I impulsively entered toward the fibs.
Then!!
"the fibs were applied differently" indeed＾＾;
It turned out the fibs I had analyzed previously remained.
Among thesesix trades,
Total＋34 pipswas captured!
Well, it's not bad at the start of the week＾＾
I still have many challenges, but
the winnings have increased a lot,
“Will I be able to keep this stable?”
I feel like I’m reaching that point, so
I’ll keep at it without letting my guard down＾＾
Well then♪
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