GBPJPY Nacked Scalp
Alright we are back on this pair again. Scalping is what we are doing.
Just trying to find a good entry again for a long.
We are trading with the trend and also looking at key zones where the market react to.
This is not a long potential trade but this is a "Get in and Get out"
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If it does not go our way we can see why:
Creates a flag that could signal a continuation of a short.
Market consolidation, could mean either another bullish run to the upside or a potential struggle in the market to go up.
What are my Lot Size, PIPS, TP, SL:
Lot: 0.02
TP: 50 pips
SL: 20 pips
If you want to grow your account and compound your trades I would look to see if the market makes a HH and a HL, once it makes that indication I would go for another buy.
OR
if the market makes a LH and a LL, once it makes that indication I would go for a sell. (That is if the market shows a break in the trend and zone)
Just trying to find a good entry again for a long.
We are trading with the trend and also looking at key zones where the market react to.
This is not a long potential trade but this is a "Get in and Get out"
--------------------------------------------------------
If it does not go our way we can see why:
Creates a flag that could signal a continuation of a short.
Market consolidation, could mean either another bullish run to the upside or a potential struggle in the market to go up.
What are my Lot Size, PIPS, TP, SL:
Lot: 0.02
TP: 50 pips
SL: 20 pips
If you want to grow your account and compound your trades I would look to see if the market makes a HH and a HL, once it makes that indication I would go for another buy.
OR
if the market makes a LH and a LL, once it makes that indication I would go for a sell. (That is if the market shows a break in the trend and zone)
Trade closed manually
I pulled out my trade due market reacting a certain way. Looking to re-enter 135.155 for a long positon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.