View Full Version : Daily Yen Scalping

09-16-2010, 11:36 AM
This is my very first trade journal after a lengthy period on FF. I've learn a lot over the last year and a half and feel like I've finally reached a place where it's well worth starting one of those items.

I owe a lot of my latest progress to man, who's unfortunately relegated into the industrial forum and will not have the ability to post .

Also this thread might be better labelled intraday yen scalping, as daily could be misleading. I really do my analysis on many timeframes Dailies/H1/M15/M5/M1 and input on M5/M1/10sec.

02-12-2022, 12:39 AM
Still another scalp... 7.9 pips woo! Https://www.forexsoutheast.asia/attachments/1528672898.jpg

I feel as though I'm overly attentive. The trade blew out to 27 pips only 4 minutes after I exited. ARGH.

Notice: Entry is vertical red line, depart is red X.


02-12-2022, 02:00 AM
Https://www.forexsoutheast.asia/attachments/1528672894.jpg Great start on the Journal.

02-12-2022, 03:21 AM
Thanks Slack.

Here's my very first trade of the day, and also my very first live trade for a long long time. I am only playing 1,000 unit sizes in the moment to ease myself back to putting real money at stake. So that equate to a risk of around $1. High positions, I understand.

But I made 9 pips off this entrance. I was somewhat cautious as there had been quite a long uptrend over the previous couple of hours.


02-12-2022, 04:41 AM
Looks like a ideal entrance and exit to me... nice job. Wish my final trade was that pretty.

BTW, what's your SL; fixed or?

02-12-2022, 06:02 AM
Thank You Slack!

My SL is 10 pips disperse, as per rules. I see the transaction very closely with my finger over the button ready to shut at the first sign of trouble. I believe that's very important when playing with an unpredictable pair such as GBPJPY.

02-12-2022, 07:23 AM
Right-on! I do exactly the same thing; ready to depart should momentum really slow down.

02-12-2022, 08:44 AM
Still another transaction. Not overly pleased with this one, but bagged 8.5 pips yet. Part of me wanted me to lose this transaction so that I would learn a lesson. Hopefully I'll remember not to jump in too fast next time!


02-12-2022, 10:05 AM
Trading day complete in 25.4 pips.

No reduction.

Now off to my night-shift https://www.forexsoutheast.asia/attachments/1528672900.jpg

02-12-2022, 11:25 AM
Interesting things. Keep up the good work.

You said Stratman's rules. What are they, or mind sharing a connection where they can be found?

02-12-2022, 12:46 PM
Hi Mindsphere

You did ask me to comment so I had thought I would drop by, love the charts, just how do you write on them like that btw?

Anyhow hats off to you scalping GJ in this manner, brave man. 1 thing that I dont understand if you've looked at in depth is trade direction with this style of trading, I really believe your returns in relation to spread cost is quite restrictive, definitely believe you need to conduct some of them for longer/more pips, paying out say 3 on spread on each is rather steep for the pip returns.

I dont understand your attack rate but when its high you may look at a 2/3rds type affair. By this I mean take your 1000 units and split by 3 thus 333 units. When you reach 1/2 occasions risk in profit on a trade e.g 5 pips, scale out 2 thirds creating a free and let the past third run - and I mean run. You can move stop to BE in a stage to lock in the profit on the 2/3rds out. In case you have a high attack rate this method may be effective.

All of the best


02-12-2022, 02:07 PM
Entertaining things. Keep up the fantastic work.

You mentioned Stratman's rules. What exactly are they, or thoughts sharing a link where they can be found? Attempt the pipware thread in the commercial department https://www.forexsoutheast.asia/attachments/1528672900.jpg


You'd ask me to comment I'd thought I'd drop by, love the charts, just how do you write them on like that btw?

Anyhow hats off to you scalping GJ in this fashion, brave guy. 1 thing that I dont know if you've looked in depth is trade management for this style of trading, I think your yields concerning spread cost is very restrictive, definitely feel you want to conduct some of these for longer/more pips, paying say 3 on disperse on each is quite steep to your pip returns.

I dont even know your strike rate but if its high you... Hey Limey, thanks for dropping by! The charts are done using Jing - it is free and rather nifty - http://www.techsmith.com/jing/

You are right about the spread price posing a challenge using this style of trading. I had been considering something similar, scaling out a small bit of the position and letting the rest run. So a lot of my entries seem to be followed by great 20-30 pip runs (or much more ). Perhaps I'd be better closing out 2/3rds at the stage when I'd normally close the transactions and leave the remainder to operate with the stop at break-even. It is efficiency would be quite easy to appraise.

I really do need more data on my trading egy before I can really evaluate anything like this however. A hundred or so trade must do it https://www.forexsoutheast.asia/attachments/1528672900.jpg

In another thread now I had been musing about the way the yen pairs might pose superior opportunities due to their high spreads. I wonder if there's not any in the way of automated arbitrage going on making the moves more predictable. By this I mean, possibly pairs like EURUSD are harder to trade from a scalping perspective since there are too man people hoping to scalp the tiny edges supplied by comparable tactics to mine. People taking tiny profits at SR zones could lead to more whipsaw on such pairs thereby making the signals harder to read. Only a thought.

02-12-2022, 03:28 PM
Without further ado, here are my trades for the day (total 20pips):




I also made some investigations of trades I did not take because I wasn't actively trading at the time:




02-12-2022, 04:48 PM
Had a fairly poor day. Didn't lose entire, but didn't follow my own rules and obtained far too emotionally influenced by my initial loss (to get a trade I should not have taken). Up 2.8 pips for the day.