15 pip Loss
Going flat til London
Here I go with another stop order. Triggered very quickly below support:
Entry: 1.73943
SL: 1.74463
TP: 1.72903
This is EUR/NZD 1-Hour Chart
Forming basing structure, Appears to be coiling for a break past resistance. Major US news in one hour. Going flat until dust settles. Taking a 12.5 pip loss. Position size is 1/4 so very small dollar amount.
Many layers of confluent support here. The red line represents where the daily EMA 20 rests. The first white line is hourly support. And the second white line is newly formed basing support.
Not going to lie. Took a big gamble, betting the basing support will hold.
Market order long: 1.73859
SL: 1.73459
TP 1: 1.74639
TP 2: 1.75568
Looks like I was wrong. Excellent BO to the south. Jumped on board. Looking to hold maybe through the week. Hopefully my last position.
Market entry short: 1.73447
SL: 1.74174
TP 1: 1.72713
TP2: 1.72053
Scaled in a few pips higher and took 3.5 pips profit on first entry. Brought stop down just above resistance and EMA.
EUR/NZD 1-Hour Scale in at res.
TP at support: red line above white line 17.5 pips
Flat now, resuming in Asia. The Limit order showing on chart has been canceled
Yes, I’m scalping all the way down…
Trading EUR/NZD 1-Hour
Here we go again with another stop order, the kind I love to hate.
Sell Stop: 1.72883
SL: 1.73469
Yep, it bounced right off that entry and soared upward right to my stop loss. Well, the rally seams strong enough to jump on board. Will take a buy entry at market on the close.
Market order long: 1.73478
SL: 1.73129
TP: 1.75497 (about 200 pips 
)
And… it turned around again and took out my stop. So, I spent a few hours on the 5 minute chart digging my way out again. Since I’m having better luck scalping the 5 minute charts, I may as well keep going with it. It seems that is my forte.
I’m going to shut down this journal for a while and start another thread where it is updated weekly and share some of the scalping sessions and how I track them. See ya soon!