Forex Diary 15th Jan 2020

Nice morning on Forex now so far ....again cable my go to pair.....Swissie was a sweet buy but why take second best ? 


tried to give a little insight here in this chart .....notice the bull fake play from 6am by Cable then settled into selling ......


i actually couldnt get in from 3020s which stepping back now was crazy slow.....but my actual trigger charts just werent telling me to play.....they keep me out of a lot more trades than missing sucessful ones so no complaints


(something that a consistent trader must follow or fail)


anyway no harm done ....ive had 2 decent zones to scalp ...first was a little tight ......only 2 x  5-8 pip scalps ...then second one was a cracker ......70 pip drop zone ...including a 60+ pip scalp move that opened up nicely .......and another 5-8 pipper ......1 fail so far ............so no complaints 


scalping is hard....but the only way to make serious money trading with small accounts ......5 pips is a max stop for me off off 2% bank.......do the math on a 60 pip winner......thats how you start to make decent % returns per week / month / year etc ..........


but its bloody hard and will take years to find decent strategies ......plus you have to be at the screen of course ...i cant really EA what i do (god ive tried over the years with some great programmers)......as still too much "discretionary" decision making coming from me ......


good trading 

N



update 12:35


following on from earlier .....i didnt chase cable north ......again discipline ...i felt it would come back .....lucky me ?






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