Scalping: 3LZZ DSR

[Jhx]

Today was a good day. Not because of the results themselves but I was able to 'face myself' psychologically when trading (if it makes sense).

GU_072020222_A_ZLentry_Live.png (207.54 KiB) Viewed 1864 times

GU_072020222_B_ZLentry_Live.png (188.91 KiB) Viewed 1864 times

There was a good trade about an hour before my session. I just mark it to reassure myself of the entries to build confidence, not in a 'I missed that' sense.

#1: First entry appeared 4 candles into the session. Price broke with momo a bit below some wicks; didn't take that short because I saw a previous low around there. So I waited for price to break and then come back; which it did but it went straight up, so I hit my first SL.

#2: Then another short appeared, still short bias, price didn't even cross the SMA, I get in, TP missed by 0.9 pips and reversed with strong momo up. Price settles above and SMA starts sloping up. I see price breaking and closing above those wicks. In the last minute of the momo candle it comes back and I enter at the zline for 1R.

#3: Crosses down, then back up, SMA still sloping up, another zline, get in for 1R.

#4: I see that run up and think that maybe there's going to finally move up. Enter another long with a small SL. Guess it's not going up.

#5: It ranges a bit then crosses back down. Breaks a few wicks, with SMA now sloping down. My SL was a few pips away from the SMA so had the trade gone sideways I could've exited at a momo close over the SMA for a smaller loss.

#6: Then I see a really good setup for a short, exact to the pip which went 1R, but didn't take it because I feared that it could reverse and have 3 losses in a row (because the last short hadn't hit SL/TP yet).

Total for the day was -8.2, -8.1, +8.5, +8.7, -5.2, +10.5. Total was +6.2.

---

So out of 'fear' I missed three trades that could've hit TP. I'll leave the first one a bit aside because I had a 'technical' reason (with my newbie eyes, maybe it wasn't a good reason).
My third trade was placed with fear of having a losing streak. Hit TP.
My sixth trade wasn't placed because of fear of having a losing streak. Would've hit TP.

Conclusion: fear doesn't have an impact on the outcome of the trade lol. I had come to terms with having losing trades. But the losing streaks were a problem I never tackled, and it was the main reason why I thought things weren't working and get discouraged.

Also I was very 'fearful' of having a losing day / losing the progress of yesterday. That's a problem that's easily fixed by shifting my idea of having a green day to a green week, or even month, if the idea is getting paid monthly when I get there. If that's the end goal when why do I bother worrying about if today's trading 'killed' yesterday's profits? Specially when they aren't 'ideal' days. Today and yesterday were a bit of 'ranging' days, which seem harder, to me at least at my stage, and still didn't lose much.

When I ran the 409 trade stats I noticed that a bad streak can happen; it's not going to be 20 trades in a row but there can be a window of time of 4 days where progress seems to go back where I'd think that it was all for nothing, but then the stats pick back up. This a sample of 4 days worth of trades during my June backtesting:

stats_sim.png (31.21 KiB) Viewed 1864 times

Progress is done over time. I need to let the stats play out.

[Yirbu]

Today was a good day. Not because of the results themselves but I was able to 'face myself' psychologically when trading (if it makes sense).

GU_072020222_A_ZLentry_Live.png
GU_072020222_B_ZLentry_Live.png

There was a good trade about an hour before my session. I just mark it to reassure myself of the entries to build confidence, not in a 'I missed that' sense.

#1: First entry appeared 4 candles into the session. Price broke with momo a bit below some wicks; didn't take that short because I saw a previous low around there. So I waited for price to break and then come back; which it did but it went straight up, so I hit my first SL.

#2: Then another short appeared, still short bias, price didn't even cross the SMA, I get in, TP missed by 0.9 pips and reversed with strong momo up. Price settles above and SMA starts sloping up. I see price breaking and closing above those wicks. In the last minute of the momo candle it comes back and I enter at the zline for 1R.

#3: Crosses down, then back up, SMA still sloping up, another zline, get in for 1R.

#4: I see that run up and think that maybe there's going to finally move up. Enter another long with a small SL. Guess it's not going up.

#5: It ranges a bit then crosses back down. Breaks a few wicks, with SMA now sloping down. My SL was a few pips away from the SMA so had the trade gone sideways I could've exited at a momo close over the SMA for a smaller loss.

#6: Then I see a really good setup for a short, exact to the pip which went 1R, but didn't take it because I feared that it could reverse and have 3 losses in a row (because the last short hadn't hit SL/TP yet).

Total for the day was -8.2, -8.1, +8.5, +8.7, -5.2, +10.5. Total was +6.2.

---

So out of 'fear' I missed three trades that could've hit TP. I'll leave the first one a bit aside because I had a 'technical' reason (with my newbie eyes, maybe it wasn't a good reason).
My third trade was placed with fear of having a losing streak. Hit TP.
My sixth trade wasn't placed because of fear of having a losing streak. Would've hit TP.

Conclusion: fear doesn't have an impact on the outcome of the trade lol. I had come to terms with having losing trades. But the losing streaks were a problem I never tackled, and it was the main reason why I thought things weren't working and get discouraged.

Also I was very 'fearful' of having a losing day / losing the progress of yesterday. That's a problem that's easily fixed by shifting my idea of having a green day to a green week, or even month, if the idea is getting paid monthly when I get there. If that's the end goal when why do I bother worrying about if today's trading 'killed' yesterday's profits? Specially when they aren't 'ideal' days. Today and yesterday were a bit of 'ranging' days, which seem harder, to me at least at my stage, and still didn't lose much.

When I ran the 409 trade stats I noticed that a bad streak can happen; it's not going to be 20 trades in a row but there can be a window of time of 4 days where progress seems to go back where I'd think that it was all for nothing, but then the stats pick back up. This a sample of 4 days worth of trades during my June backtesting:

stats_sim.png

Progress is done over time. I need to let the stats play out.

And you have another positive day

[Jhx]

Today I got completely chopped BUT after reviewing the session closely I noticed there were execution problems on my end.

Mistakes:
- Failing to close orders at the target (or near target, will explain later).
- Letting those trades that could've easily been 1R~ hit the full SL.
- Not taking the opportunity to reduce the size of the loss.
- Not a 'mistake' per se but I'm noticing it'd be better to adjust position sizes because stop size can vary quite a bit. That way trades can have the same impact, otherwise I'm trading knowing that some trades can be heavier than others and that doesn't help.

I'll post my 'view' of the session, the original trades, and then I'll post those same trades and how fixing those execution mistakes could've turned the whole day around.

This is the session. I marked some lines that seemed relevant to me, or potential places to enter had price revisited those lines soon after.

GU_07212022_Session.png (49.09 KiB) Viewed 1786 times

Now the original trades. 4 winners and 5 losers, which unfortunately the losers had a larger stop due to stop placement. Not that the stops were bad, they don't seem to be poorly placed (to me at least).

Total was -26.3 pips.

GU_07212022_ZLentry_Original.png (51.38 KiB) Viewed 1786 times

Now the review. Could've easily been 6 winners, 3 losers (with one of them being half the amount) had I not made those execution mistakes and adjusted my position size. So +6-2.5, or +3.5R,% or whatever else.

GU_07212022_ZLentry_Review.png (43.59 KiB) Viewed 1786 times

[Don_xyZ]

Today I got completely chopped BUT after reviewing the session closely I noticed there were execution problems on my end.

Mistakes:
- Failing to close orders at the target (or near target, will explain later).
- Letting those trades that could've easily been 1R~ hit the full SL.
- Not taking the opportunity to reduce the size of the loss.
- Not a 'mistake' per se but I'm noticing it'd be better to adjust position sizes because stop size can vary quite a bit. That way trades can have the same impact, otherwise I'm trading knowing that some trades can be heavier than others and that doesn't help.

I'll post my 'view' of the session, the original trades, and then I'll post those same trades and how fixing those execution mistakes could've turned the whole day around.

This is the session. I marked some lines that seemed relevant to me, or potential places to enter had price revisited those lines soon after.
GU_07212022_Session.png

Now the original trades. 4 winners and 5 losers, which unfortunately the losers had a larger stop due to stop placement. Not that the stops were bad, they don't seem to be poorly placed (to me at least).

Total was -26.3 pips.

GU_07212022_ZLentry_Original.png

Now the review. Could've easily been 6 winners, 3 losers (with one of them being half the amount) had I not made those execution mistakes and adjusted my position size. So +6-2.5, or +3.5R,% or whatever else.
GU_07212022_ZLentry_Review.png

Simple fractal trades and scalps that I would have taken directly off the M5 tf.

GBPUSDM5 either you don't see them or you didn't pay attention to the market writings.png (83.9 KiB) Viewed 1728 times

Blue boxes - wiping the US session's pips 3 times in a row. The first one is a failure with BE.
Magenta box - scalp trades

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation? I didn't do the counting but those trades combined would have yielded more than 30 R give or take. How long is you WIL?

Aspire to become mediocre and you'll likely become less than mediocre.
Aspire to become a superstar and there is a very high chance that you will become at least more than mediocre or at best, a real superstar.
Why?
Because aspiring to become a superstar will push you to learn more and do more than the average.
Get out of your comfort zone and push yourself to the brink of sanity and your brain will do wonders.

[Jhx]

Today I got completely chopped BUT after reviewing the session closely I noticed there were execution problems on my end.

Mistakes:
- Failing to close orders at the target (or near target, will explain later).
- Letting those trades that could've easily been 1R~ hit the full SL.
- Not taking the opportunity to reduce the size of the loss.
- Not a 'mistake' per se but I'm noticing it'd be better to adjust position sizes because stop size can vary quite a bit. That way trades can have the same impact, otherwise I'm trading knowing that some trades can be heavier than others and that doesn't help.

I'll post my 'view' of the session, the original trades, and then I'll post those same trades and how fixing those execution mistakes could've turned the whole day around.

This is the session. I marked some lines that seemed relevant to me, or potential places to enter had price revisited those lines soon after.
GU_07212022_Session.png

Now the original trades. 4 winners and 5 losers, which unfortunately the losers had a larger stop due to stop placement. Not that the stops were bad, they don't seem to be poorly placed (to me at least).

Total was -26.3 pips.

GU_07212022_ZLentry_Original.png

Now the review. Could've easily been 6 winners, 3 losers (with one of them being half the amount) had I not made those execution mistakes and adjusted my position size. So +6-2.5, or +3.5R,% or whatever else.
GU_07212022_ZLentry_Review.png

Simple fractal trades and scalps that I would have taken directly off the M5 tf.

GBPUSDM5 either you don't see them or you didn't pay attention to the market writings.png

Blue boxes - wiping the US session's pips 3 times in a row. The first one is a failure with BE.
Magenta box - scalp trades

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation? I didn't do the counting but those trades combined would have yielded more than 30 R give or take. How long is you WIL?

Aspire to become mediocre and you'll likely become less than mediocre.
Aspire to become a superstar and there is a very high chance that you will become at least more than mediocre or at best, a real superstar.
Why?
Because aspiring to become a superstar will push you to learn more and do more than the average.
Get out of your comfort zone and push yourself to the brink of sanity and your brain will do wonders.

Well, for sure you know how to follow price .

I've spent some time looking at your chart to understand how you mark those areas. I have no clue how you manage to get the most out of those runs without exiting sooner. I thought that you maybe waited for a close over the box in the opposing direction but maybe not.
Or if you enter at the break or wait for price to retest, but looking at the 2nd large swing (long) that doesn't seem to be the case.

The only way I know how to mark those turning points is by using bullish and bearish candles that close over their previous extremes.

GU Turns How.png (205.97 KiB) Viewed 1713 times

GU Turns When.png (194.77 KiB) Viewed 1713 times

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation?

In answer to the question. To achieve big R I assume you need to trade at the swings and/or be able to reduce the SL in terms of distance to maximize how the move will 'pay'. But there is the trade off of getting stopped out, unless you're doing some kind of entry using a smaller timeframe but it's not the case here since you're only using the M5

GU RR.png (196.6 KiB) Viewed 1713 times

GU Move Example.png (193.24 KiB) Viewed 1713 times

Still wondering how you're able to grab moves like that off a single timeframe and not get out on every single turn

[aliassmith]

Today I got completely chopped BUT after reviewing the session closely I noticed there were execution problems on my end.

Mistakes:
- Failing to close orders at the target (or near target, will explain later).
- Letting those trades that could've easily been 1R~ hit the full SL.
- Not taking the opportunity to reduce the size of the loss.
- Not a 'mistake' per se but I'm noticing it'd be better to adjust position sizes because stop size can vary quite a bit. That way trades can have the same impact, otherwise I'm trading knowing that some trades can be heavier than others and that doesn't help.

I'll post my 'view' of the session, the original trades, and then I'll post those same trades and how fixing those execution mistakes could've turned the whole day around.

This is the session. I marked some lines that seemed relevant to me, or potential places to enter had price revisited those lines soon after.
GU_07212022_Session.png

Now the original trades. 4 winners and 5 losers, which unfortunately the losers had a larger stop due to stop placement. Not that the stops were bad, they don't seem to be poorly placed (to me at least).

Total was -26.3 pips.

GU_07212022_ZLentry_Original.png

Now the review. Could've easily been 6 winners, 3 losers (with one of them being half the amount) had I not made those execution mistakes and adjusted my position size. So +6-2.5, or +3.5R,% or whatever else.
GU_07212022_ZLentry_Review.png

Simple fractal trades and scalps that I would have taken directly off the M5 tf.

GBPUSDM5 either you don't see them or you didn't pay attention to the market writings.png

Blue boxes - wiping the US session's pips 3 times in a row. The first one is a failure with BE.
Magenta box - scalp trades

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation? I didn't do the counting but those trades combined would have yielded more than 30 R give or take. How long is you WIL?

Aspire to become mediocre and you'll likely become less than mediocre.
Aspire to become a superstar and there is a very high chance that you will become at least more than mediocre or at best, a real superstar.
Why?
Because aspiring to become a superstar will push you to learn more and do more than the average.
Get out of your comfort zone and push yourself to the brink of sanity and your brain will do wonders.

High R in a nutshell:
Putting on as much size as you can and riding the biggest wave.

There are several ways it can be done.
Small SL, big size
Adding to winners
Both
Add to loser to reduce SL size.

[Don_xyZ]

Today I got completely chopped BUT after reviewing the session closely I noticed there were execution problems on my end.

Mistakes:
- Failing to close orders at the target (or near target, will explain later).
- Letting those trades that could've easily been 1R~ hit the full SL.
- Not taking the opportunity to reduce the size of the loss.
- Not a 'mistake' per se but I'm noticing it'd be better to adjust position sizes because stop size can vary quite a bit. That way trades can have the same impact, otherwise I'm trading knowing that some trades can be heavier than others and that doesn't help.

I'll post my 'view' of the session, the original trades, and then I'll post those same trades and how fixing those execution mistakes could've turned the whole day around.

This is the session. I marked some lines that seemed relevant to me, or potential places to enter had price revisited those lines soon after.
GU_07212022_Session.png

Now the original trades. 4 winners and 5 losers, which unfortunately the losers had a larger stop due to stop placement. Not that the stops were bad, they don't seem to be poorly placed (to me at least).

Total was -26.3 pips.

GU_07212022_ZLentry_Original.png

Now the review. Could've easily been 6 winners, 3 losers (with one of them being half the amount) had I not made those execution mistakes and adjusted my position size. So +6-2.5, or +3.5R,% or whatever else.
GU_07212022_ZLentry_Review.png

Simple fractal trades and scalps that I would have taken directly off the M5 tf.

GBPUSDM5 either you don't see them or you didn't pay attention to the market writings.png

Blue boxes - wiping the US session's pips 3 times in a row. The first one is a failure with BE.
Magenta box - scalp trades

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation? I didn't do the counting but those trades combined would have yielded more than 30 R give or take. How long is you WIL?

Aspire to become mediocre and you'll likely become less than mediocre.
Aspire to become a superstar and there is a very high chance that you will become at least more than mediocre or at best, a real superstar.
Why?
Because aspiring to become a superstar will push you to learn more and do more than the average.
Get out of your comfort zone and push yourself to the brink of sanity and your brain will do wonders.

Well, for sure you know how to follow price .

I've spent some time looking at your chart to understand how you mark those areas. I have no clue how you manage to get the most out of those runs without exiting sooner. I thought that you maybe waited for a close over the box in the opposing direction but maybe not.
Or if you enter at the break or wait for price to retest, but looking at the 2nd large swing (long) that doesn't seem to be the case.

The only way I know how to mark those turning points is by using bullish and bearish candles that close over their previous extremes.

GU Turns How.png

GU Turns When.png

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation?

In answer to the question. To achieve big R I assume you need to trade at the swings and/or be able to reduce the SL in terms of distance to maximize how the move will 'pay'. But there is the trade off of getting stopped out, unless you're doing some kind of entry using a smaller timeframe but it's not the case here since you're only using the M5

GU RR.png
GU Move Example.png

Still wondering how you're able to grab moves like that off a single timeframe and not get out on every single turn

As I said, the 1st bluebox trade failed.

To better explain…



Why those TPs and not hold longer? Simple answer, volatility. Long answer, my WIL is long so I can’t detail them all here. Then again, I already mentioned a lot of thing between the threads in this forum. Anyone diligent enough must already know how to piece my puzzle.

You know well to see the trees but you can’t yet tell the forest that’s why every turns look “equal” to you. Well yes, the minor turns are good formscalping but even then, not all of them must be taken. There is a thing called trade grading. As your screen time increase you’ll be able to differentiate different grades of trades.

You partly answered well. Take a big move, use a small SL. But how to put those ideas to work is what makes the difference. But my question is how to make those 2 ideas to work when the situation is not favorable to you. The chart showed big entry candles for entries but I said you can get roughly 30 R from all move combined. This, you still haven’t answered. Well, don’t answer. Think.

I trade according to the market condition. Sometimes I hold the trade (anchor trade) the rest I scalp. I don’t like to waste food & pips.

If I go down to a smaller tf, the R might go up considerably.

[aliassmith]

Simple fractal trades and scalps that I would have taken directly off the M5 tf.

GBPUSDM5 either you don't see them or you didn't pay attention to the market writings.png

Blue boxes - wiping the US session's pips 3 times in a row. The first one is a failure with BE.
Magenta box - scalp trades

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation? I didn't do the counting but those trades combined would have yielded more than 30 R give or take. How long is you WIL?

Aspire to become mediocre and you'll likely become less than mediocre.
Aspire to become a superstar and there is a very high chance that you will become at least more than mediocre or at best, a real superstar.
Why?
Because aspiring to become a superstar will push you to learn more and do more than the average.
Get out of your comfort zone and push yourself to the brink of sanity and your brain will do wonders.

Well, for sure you know how to follow price .

I've spent some time looking at your chart to understand how you mark those areas. I have no clue how you manage to get the most out of those runs without exiting sooner. I thought that you maybe waited for a close over the box in the opposing direction but maybe not.
Or if you enter at the break or wait for price to retest, but looking at the 2nd large swing (long) that doesn't seem to be the case.

The only way I know how to mark those turning points is by using bullish and bearish candles that close over their previous extremes.

GU Turns How.png

GU Turns When.png

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation?

In answer to the question. To achieve big R I assume you need to trade at the swings and/or be able to reduce the SL in terms of distance to maximize how the move will 'pay'. But there is the trade off of getting stopped out, unless you're doing some kind of entry using a smaller timeframe but it's not the case here since you're only using the M5

GU RR.png
GU Move Example.png

Still wondering how you're able to grab moves like that off a single timeframe and not get out on every single turn

As I said, the 1st bluebox trade failed.

To better explain…



Why those TPs and not hold longer? Simple answer, volatility. Long answer, my WIL is long so I can’t detail them all here. Then again, I already mentioned a lot of thing between the threads in this forum. Anyone diligent enough must already know how to piece my puzzle.

You know well to see the trees but you can’t yet tell the forest that’s why every turns look “equal” to you. Well yes, the minor turns are good formscalping but even then, not all of them must be taken. There is a thing called trade grading. As your screen time increase you’ll be able to differentiate different grades of trades.

You partly answered well. Take a big move, use a small SL. But how to put those ideas to work is what makes the difference. But my question is how to make those 2 ideas to work when the situation is not favorable to you. The chart showed big entry candles for entries but I said you can get roughly 30 R from all move combined. This, you still haven’t answered. Well, don’t answer. Think.

I trade according to the market condition. Sometimes I hold the trade (anchor trade) the rest I scalp. I don’t like to waste food & pips.

If I go down to a smaller tf, the R might go up considerably.

Nice lesson from Don_xyz...... Trade Grade

[Jhx]

Simple fractal trades and scalps that I would have taken directly off the M5 tf.

GBPUSDM5 either you don't see them or you didn't pay attention to the market writings.png

Blue boxes - wiping the US session's pips 3 times in a row. The first one is a failure with BE.
Magenta box - scalp trades

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation? I didn't do the counting but those trades combined would have yielded more than 30 R give or take. How long is you WIL?

Aspire to become mediocre and you'll likely become less than mediocre.
Aspire to become a superstar and there is a very high chance that you will become at least more than mediocre or at best, a real superstar.
Why?
Because aspiring to become a superstar will push you to learn more and do more than the average.
Get out of your comfort zone and push yourself to the brink of sanity and your brain will do wonders.

Well, for sure you know how to follow price .

I've spent some time looking at your chart to understand how you mark those areas. I have no clue how you manage to get the most out of those runs without exiting sooner. I thought that you maybe waited for a close over the box in the opposing direction but maybe not.
Or if you enter at the break or wait for price to retest, but looking at the 2nd large swing (long) that doesn't seem to be the case.

The only way I know how to mark those turning points is by using bullish and bearish candles that close over their previous extremes.

GU Turns How.png

GU Turns When.png

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation?

In answer to the question. To achieve big R I assume you need to trade at the swings and/or be able to reduce the SL in terms of distance to maximize how the move will 'pay'. But there is the trade off of getting stopped out, unless you're doing some kind of entry using a smaller timeframe but it's not the case here since you're only using the M5

GU RR.png
GU Move Example.png

Still wondering how you're able to grab moves like that off a single timeframe and not get out on every single turn

As I said, the 1st bluebox trade failed.

To better explain…



Why those TPs and not hold longer? Simple answer, volatility. Long answer, my WIL is long so I can’t detail them all here. Then again, I already mentioned a lot of thing between the threads in this forum. Anyone diligent enough must already know how to piece my puzzle.

You know well to see the trees but you can’t yet tell the forest that’s why every turns look “equal” to you. Well yes, the minor turns are good formscalping but even then, not all of them must be taken. There is a thing called trade grading. As your screen time increase you’ll be able to differentiate different grades of trades.

You partly answered well. Take a big move, use a small SL. But how to put those ideas to work is what makes the difference. But my question is how to make those 2 ideas to work when the situation is not favorable to you. The chart showed big entry candles for entries but I said you can get roughly 30 R from all move combined. This, you still haven’t answered. Well, don’t answer. Think.

I trade according to the market condition. Sometimes I hold the trade (anchor trade) the rest I scalp. I don’t like to waste food & pips.

If I go down to a smaller tf, the R might go up considerably.

Thanks Don. I always appreciate the good (good is an understatement) traders here commenting on my thread.

You know well to see the trees but you can’t yet tell the forest that’s why every turns look “equal” to you.

That is very true, and I know it's important. I've been wanting to do that but I can't never really nail a 'good' reading of the chart.
I might see something that I think is relevant but isn't, or ignore something that it's actually important and missing it out. Maybe it's because I'm trying to incorporate too much? There's so much to see, support and resistance, areas of congestion, price failing to close over a certain high, low, momentum, zlines, but when you don't know what you're doing, doing everything at the same time is a recipe for disaster . This has resulted in me getting over-analytical and getting paralysis by analysis.
But I could try focusing on one thing at a time, like identifying the areas of momentum in my chart to see if they back up my trades to start somewhere.

You partly answered well. Take a big move, use a small SL. But how to put those ideas to work is what makes the difference. But my question is how to make those 2 ideas to work when the situation is not favorable to you. The chart showed big entry candles for entries but I said you can get roughly 30 R from all move combined. This, you still haven’t answered. Well, don’t answer. Think.

I'll still try to answer lol . I don't think I understood what you meant when the situation wasn't favorable. Was it because you'd use the 'large' candle as the entry?

But, to answer the question:
1) You could add as the trade moves (moving the stop to normalize risk), wouldn't know where other than on the breaks if you're only using a single timeframe but you could add I suppose.
2) Go to a smaller timeframe and pinpoint an entry with a -very- small stop and with more size.
3) 1 and 2?

[Jhx]

Simple fractal trades and scalps that I would have taken directly off the M5 tf.

GBPUSDM5 either you don't see them or you didn't pay attention to the market writings.png

Blue boxes - wiping the US session's pips 3 times in a row. The first one is a failure with BE.
Magenta box - scalp trades

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation? I didn't do the counting but those trades combined would have yielded more than 30 R give or take. How long is you WIL?

Aspire to become mediocre and you'll likely become less than mediocre.
Aspire to become a superstar and there is a very high chance that you will become at least more than mediocre or at best, a real superstar.
Why?
Because aspiring to become a superstar will push you to learn more and do more than the average.
Get out of your comfort zone and push yourself to the brink of sanity and your brain will do wonders.

Well, for sure you know how to follow price .

I've spent some time looking at your chart to understand how you mark those areas. I have no clue how you manage to get the most out of those runs without exiting sooner. I thought that you maybe waited for a close over the box in the opposing direction but maybe not.
Or if you enter at the break or wait for price to retest, but looking at the 2nd large swing (long) that doesn't seem to be the case.

The only way I know how to mark those turning points is by using bullish and bearish candles that close over their previous extremes.

GU Turns How.png

GU Turns When.png

Now, question. The entry candles for those trades are big. What do you do to achieve big R despite the situation?

In answer to the question. To achieve big R I assume you need to trade at the swings and/or be able to reduce the SL in terms of distance to maximize how the move will 'pay'. But there is the trade off of getting stopped out, unless you're doing some kind of entry using a smaller timeframe but it's not the case here since you're only using the M5

GU RR.png
GU Move Example.png

Still wondering how you're able to grab moves like that off a single timeframe and not get out on every single turn

As I said, the 1st bluebox trade failed.

To better explain…



Why those TPs and not hold longer? Simple answer, volatility. Long answer, my WIL is long so I can’t detail them all here. Then again, I already mentioned a lot of thing between the threads in this forum. Anyone diligent enough must already know how to piece my puzzle.

You know well to see the trees but you can’t yet tell the forest that’s why every turns look “equal” to you. Well yes, the minor turns are good formscalping but even then, not all of them must be taken. There is a thing called trade grading. As your screen time increase you’ll be able to differentiate different grades of trades.

You partly answered well. Take a big move, use a small SL. But how to put those ideas to work is what makes the difference. But my question is how to make those 2 ideas to work when the situation is not favorable to you. The chart showed big entry candles for entries but I said you can get roughly 30 R from all move combined. This, you still haven’t answered. Well, don’t answer. Think.

I trade according to the market condition. Sometimes I hold the trade (anchor trade) the rest I scalp. I don’t like to waste food & pips.

If I go down to a smaller tf, the R might go up considerably.

Also, I forgot to ask. Can I ask you how you view momentum and at which point you identify that momentum is now in the opposite direction? Also in that session the swings from #2 and #3 were rather sharp. At which point do you say "ok, now the bias is up/down"?