100% winning scalps

Gaggs

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I decided to do some scalping this week and I thought that I would keep a record of it here.

I will be using the 5 minute time frame on the EUR-USD.
Basically my goal is to make 5+ pips each trade risking an equal number of pips as the stop loss.
This will give me a 1:1 profit to loss. As in to win at the end of the week I will need to have at least 51% winners.

I will post the trade right after I take it with the entry and the target and the stop loss.

If I have time I will put up a chart after I post the trade.
I will be looking for long tails with a nice amount of room to the left as the main signal to enter the trade.
If the trade goes in my direction quite well I may stay in it for more than the original target.
Yes I know that that will change the 51% winners aspect.

I will use some other signals as entries but will explain them as I use them.

Oh and just so you know the name of the thread is simply a goal!!
 
This is an example. This was the first trade that I took.
The signal was the tail in the circle. The red, blue, green lines are labeled.
 

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Just came down into the correct level and closed the order for me.
 

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Missed a nice little long scalp here cause I was away for just three minutes!
 

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9PM my time will be my cutoff for today. That's in about 24 more minutes.
 
This turned out to be a great trade.
THREE MINUTES!!!:(
 

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Going short right here for a longer type trade.

Entered at 1.5886. Target 1.5862 Stop loss 1.5912
 

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Well I now know that I completely control the market!!
That's right it's me!
The trade I entered last night before I went to sleep went against me only enough to stop me out and then turned and moved right past where I wanted.
 

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We it sucks that I have to sleep!
The chart here shows on the EUR-USD what I look for first when going to enter a trade.
Long tails.
Not just pins but other candles with long tail.
Looking at this chart I see that I would have had quite a number of trades with only one that would have stopped me out.

Before you go jumping into trades because of long tail keep in mind that i filter the tail with a couple of other factors first.
 

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Current trade.
I downloaded a screen capture tool so I am now able to show the actual trading screen I use from Oanda with the levels on it already.
 

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Stopped out of the first one but reentered with new trade.
 

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Adjusted target by five pips. Stop is the same.
 

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Closed half of my trade at +10 pips.
Then I changed the stop loss on the other half to just the green side of break even.
 

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Thinking of getting out here. This would be about +10 pips for the second half of the trade.
It is starting to look like it wants to go back up a bit.
 

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