another short entered, RSI overbought, bollinger bands hit, stochastic overbought

Day trading 1 min chart, hedging risk

Market broke consolidation, almost tightened stop to 224.95 but wasn't quick enough on draw and missed it. Would have booked 10 pips. RSI was barely oversold. Waiting.

Day trading 1 min chart, hedging risk

twiddling thumbs, whistling, market is consolidating at 100 SMA

Day trading 1 min chart, hedging risk

entered short 1 mini lot, looking for more upside to enter another staggered short

Day trading 1 min chart, hedging risk

still have 4 open positions riding out volatility, also looking for overbought level to enter short

Day trading 1 min chart, hedging risk

stopped out, 13 pips profit

Day trading 1 min chart, hedging risk

tightening stop, rsi close to oversold, in the money

Day trading 1 min chart, hedging risk

Current fundementals remain bearish for GBP/JPY, riding out choppy volitility. This trade hasn't been the greatest but that is what happens when there is a correction. I have mainly been trying to keep my risks low at this point.

Day trading 1 min chart, hedging risk

stochastic overbought, added short 1 mini lot

Day trading 1 min chart, hedging risk

stopped out at breakeven on recent short (barely)

Day trading 1 min chart, hedging risk

moved stop to breakeven on recent short position

Day trading 1 min chart, hedging risk

added 1 short mini lot

Day trading 1 min chart, hedging risk

market stalling at 0.382 fibo level, looking for candle to confirm reversal

Day trading 1 min chart, hedging risk

looks like market is correcting, drew fibo lines, currently past 0.382

Day trading 1 min chart, hedging risk

stopped out at break even on 5th lot In retrospect, should have tightened stop more at stochastic oversold level

Day trading 1 min chart, hedging risk

moved stop to breakeven on 5th mini lot, currently in the money 17 pips on that one

Day trading 1 min chart, hedging risk

RSI to overbought, added short mini lot (5 total)

Day trading 1 min chart, hedging risk

currently short 4 mini lots

Day trading 1 min chart, hedging risk

Ok, my forcast of the pair breaking out of consolidation range and heading down was correct. It went with the trend. The chart below is a 1 min but you will notice fibo lines on it, these were drawn from a longer term (3 or 5 min, can't remember) on ...

Day trading 1 min chart, hedging risk

Good point. I didn't know of that benefit of combining lots, but yes I have been combining them just for convenience. My spread is typically 7 pips or so (yes, a little high for "scalping") but the volatility of this pair makes up for that. The ...

Day trading 1 min chart, hedging risk