first lot of USDCHF trade reached TP with a gain of 100 pips. at this point I put a 50 pip moving SL on the second lot. here's an updated summary of where i'm at: # trades taken: 18 # wins: 10 # losses: 6 # break even: 2 total # pips: +1610

Ziva's Journal

Last night - SHORT USDCHF @ 1.2041, SL 1.2141, TP first lot @ 1.1941, no set TP for second lot. PA moved 50 pips in the direction of the trade so I moved SL to BE for both lots. I will put a moving SL on second lot when first lot reaches TP ...

Ziva's Journal

it's been a while, thought i'd post an update. i took 3 unsuccessful trades about one month ago on EURUSD, GBPUSD, and USDCHF, 100 pips lost on each. i lost these trades because my entry was not accurate enough. i had always been entering when i saw ...

Ziva's Journal

Trade closed out at BE. So: # trades taken: 13 # wins: 8 # losses: 3 # break even: 2 total # pips: +1710

Ziva's Journal

PA has moved 50 pips in the direction of my trade, so I've moved SL on both lots to BE. I've also put a trailing stop of 50 pips on lot #2.

Ziva's Journal

SHORT GBPUSD @ 1.5840 - 2 lots, SL 1.5940, move SL to BE after PA moves 50 pips in direction of the trade Lot #1 TP - 1.5740 Lot#2 TP - I will let it run, after moving SL to break even put 50 pip trailing stop on it.

Ziva's Journal

About a month ago I got impatient waiting for a signal to develop on the daily charts so I decided to try trading a similar system on 5min and 1min TF. Big mistake! It started out ok but then turned and I lost money. I also saw I missed some good ...

Ziva's Journal

I've decided not to trade on small time frames anymore. After my last post I scalped for a couple more days and proceeded to lose much more than I gained. I've returned with success to my prior system using daily charts. The trading opportunities ...

GASP!... scalping!?

In response to George's comment, I haven't found any other filters I like working with right now. I have been referring to the higher timeframes (1hr and 4hr) to confirm direction. if either of the higher timeframes are narrowly ranging and it's ...

GASP!... scalping!?

wow... nice work Monikroc!

GASP!... scalping!?

EURUSD scalping summary thus far: # trades: 8 # wins: 7 # losses: 1 TOTAL PIPS: +48

GASP!... scalping!?

Today went well. I executed five EURUSD trades and won 4 of them, earning a total of 20 pips. Here are my trades: EUR/USD 10 S 1.46035 1.45930 10.5 10.86 0.00 26/09/2008 11:03 26/09/2008 11:06 EUR/USD 10 S 1.46052 1.45950 10.2 10.55 0.00 26/09/2008 ...

GASP!... scalping!?

EURUSD scalping summary thus far: # trades: 3 # wins: 3 # losses: 0 TOTAL PIPS: +28

GASP!... scalping!?

Today was my first day trying to scalp EURUSD... I think it's way more appropriate for scalping than GBPJPY. I followed Monikroc's advice and used EMA's on 1min and 5min charts and they were very effective. I made 28 pips today off of three trades ...

GASP!... scalping!?

Long Usdjpy @ 106.60, Tp 107.60, Sl 105.60

Ziva's Journal

Thanks for the post Jared! You're totally right - GBPJPY is not the best currency for scalping. I was drawn in by the huge volatility of the pair, but that spread is too much. I took tomorrow off, and today I just placed one trade and made 30 pips ...

GASP!... scalping!?

Did your order get filled? On my charts price just met 1.4150 and is already up more than 200 pips from there. I totally agree with you. Things are going to turn around really soon. By the way things are looking I will most like go long on EURUSD ...

Static's Place

Well, today certainly wasn't as profitable as yesterday, but I sure learned some good lessons! I made 9 trades, 6 wins and 3 losses with a total of -58 pips. I learned things from every loss I had: loss #1: after I entered a short trade the price ...

GASP!... scalping!?

I placed another 4 trades this morning, banking another 50 pips. I'm going to call it quits for the day. I can see how over trading can be a serious problem with scalping! I'm going to try to keep really close track of this system so here is the ...

GASP!... scalping!?