Made two trades today, both ended as scalps, I got in when the move was already ending (excuse
), so I went counter trend, went long UJ at the previous monthly low and shorted GU at the previous weekly high, made 10 pips, a bit less than 1%.
Lately I am fine tuning my trading, it is more relaxed, I set my levels before the session and I wait for prices to get there, once there I take in consideration PA and my experience (which sucks
)
I risk not more than 10 pips per trade and I only trade the 3 majors plus AU (the bitch), I risk not less than 1% for 10 pips, my SL's are technicals, meaning at the extreme of the signal candle, when the candle is too big I either pass or risk not more than 10 pips, normally is about 5-7 pips.
When it works I cover half at the next level and the remaining at the end of NA session which is my early morning, some morning I find a nice surprise.....
I rarely have losing days but most of my days I make 1 to 2 my risk, some days I also can make 100 but are not the norm.
3 to 4 trades per day is a good number for me, I do not scalp I try to swing, but like today if counter trend I scalp. the GU short ended as a scalp but my intention was to swing, I covered half at +5 and moved SL to BE and go stopped out, I covered at +5 because was a counter trend otherwise I would have coved half at the next level.
I have about 60-70% winning trades, many days I have 50%, but normally I need one trade to cover two losses and make a bit more.
Now GU has reached the previous monthly high, the candle that broke is huge, but I do not care my session finishes in 5 minutes and I will skip thinking...