100% winning scalps

This is a discussion on 100% winning scalps within the Trading Journals forums, part of the Reception category; I decided to do some scalping this week and I thought that I would keep a record of it here. ...

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Old Oct 12, 2010, 12:11am   #1
 
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100% winning scalps

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!!
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Old Oct 12, 2010, 12:21am   #2
 
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Re: 100% winning scalps

Gaggs started this thread 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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Old Oct 12, 2010, 12:23am   #3
 
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Re: 100% winning scalps

Gaggs started this thread I will also be looking at the GBP/USD.
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Old Oct 12, 2010, 1:16am   #4
 
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Re: 100% winning scalps

Gaggs started this thread Went short the GBP-USD at 1.5582 target 1.5575 stop 1.5589
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Old Oct 12, 2010, 1:19am   #5
 
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Re: 100% winning scalps

Gaggs started this thread Chart
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Old Oct 12, 2010, 1:29am   #6
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Re: 100% winning scalps

Quote:
Originally Posted by Gaggs View Post
Went short the GBP-USD at 1.5582 target 1.5575 stop 1.5589
Dude, your eyes must be watering now if you're in for any size, unless you hit the 5 key once too often.
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Old Oct 12, 2010, 1:35am   #7
 
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Re: 100% winning scalps

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Quote:
Originally Posted by Dommo View Post
Dude, your eyes must be watering now if you're in for any size, unless you hit the 5 key once too often.
You are correct that should all be at the 1.58 level.
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Old Oct 12, 2010, 2:00am   #8
 
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Re: 100% winning scalps

Gaggs started this thread Just came down into the correct level and closed the order for me.
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