Scalping with Alpha-Bet

Discussion in 'Trading Journals' started by Alpha-Bet, Jun 24, 2013.

  1. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Close@.35
    -4

    Long .9135 for swing
     
  2. Alpha-Bet

    Alpha-Bet Well-Known Member

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    893
    Take Profit .9164
     
  3. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Take Profit.9152
     
  4. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Stoppie.. 20 pips
     
  5. jack

    jack Administrator Staff Member

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    Nice short scalps there. :)

    Looks like you're scalping well, true to this journals title. :p

    Swings though, maybe hitting a rough patch. Are you mostly counter trend trading for swings? Or is there a primary timeframe where you look for trends to swing then try to get an extreme of the opposite move on a lower timeframe?

    Personally, I've been finding trending swings hard in this market over the past two months.. I just had what I thought was a killer long entry on GBP/USD show me 30+ pips of profit before running down and stopping me at break even, only to retrace the full distance back up and return to where I was 30+pips in profit not 20 minutes later. AUD's been shaky too... kinda frustrating.
     
  6. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Yeah swings are a bit difficult lately.

    Unfortunately due to journalistic integrity unable to document majority of scalp trades. Typing in trade and already moved a few pips so don't post..... hence those that get logged are probably 60/40 to hit S/L.. ;D Ability to log indicates loser lol! Nice filter.

    All swings are counter trend... contrarian by nature :)
     
  7. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Short AudUsd @.26
     
  8. Alpha-Bet

    Alpha-Bet Well-Known Member

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    3 sisters... looking @.02 exit
     
  9. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Roll over Aussie ;)
     
  10. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Holding Aussie short.

    Integrity of journal take -10 stop
     
  11. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Stopped .37

    Scalp baby scalp............ 8)
     
  12. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Short .9153
    She owes ;D
     
  13. Ramy3

    Ramy3 May the pips be with you!

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    91487 a quiky, not sure she has finished her upper move yet...
     
  14. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Agreed..
    Out with 4
     
  15. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Game smells @moment.....
     
  16. Ramy3

    Ramy3 May the pips be with you!

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    nice. still waing on mine, lol.

    -7.8 lol. will make it back on the next one.

    every time i post it,lol.
     
  17. Ramy3

    Ramy3 May the pips be with you!

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    Lets try again. :) Shrt 91468 target 34 ema

    Out -5.5

    NO MORE POSTING TRADES FOR ME LOL.Dang It does not agree with me.
     
  18. Ramy3

    Ramy3 May the pips be with you!

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    made back 7.2 on here. off to work. getting the rest back tomorrow!

    Cheers!
     
  19. jack

    jack Administrator Staff Member

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    Yeah, it's hard. I had to get over the feeling of 'pressure' myself when doing it.

    Sometimes though, posting and telling the world about a loss can help you owning up to your responsibility and risk in that trade.
     
  20. jack

    jack Administrator Staff Member

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    Yeah, I wouldn't stress about recording all scalps as they happen, it's too fast and typing it out can slow you down. If you can manage to type it as they happen, cool, but don't sweat it if not. Focus on good trading first, and if it makes more sense to update the thread after the fact (kinda like I do on my equity journal) then you'll be free to write down a lot more of your thoughts as well as your trades.

    :)

    Speaking of filters, perhaps there's something in this crappy summer market we can look at to help cut down on a few choppy trades? Do you look at ATR or anything like that?

    My biggest complaint isn't just about summer chop, but simply the ranges I see projecting from my setups are so small that they aren't worth paying the spread on the trade... patterns are all there, so I get excited, then I realize I'd have to risk 10 to make 4 pips and just turn off MT4...lol.
     

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