GBY/JPY – Scalp

This is a several pip profitable scalp. 5 min chart shown.

I walked away from this trade a couple of times, after setting tight stop and take profit orders.

The last 10 trade sample has a 70% win percentage but the RR and average pip loss/gain is always being evaluated for improvement.

 

In this case not walking away might have turned this into an unprofitable trade.

 

gbpjpy-m5-fx-choice-limited

Review – A Few Trading Opportunities

GBP/JPY

This is a 15 minute chart, the trades being executed on a lower time frame. From this view we can see if there was an opportunity to hold a partial position, or re-enter the trade.

These were profitable trades, with the second short moving lower after I closed the trade. Looking back, it was a logical place to consider holding a partial position.

gbpjpy-m15-fx-choice-limited.png

AUD/CAD

This is a 5 minute chart, with a nice move lower after a pullback to the 50-61.8 area

audcad-m5-fx-choice-limited-2