Latest Strategy Performance - Loss

Have reverted to my original strategy of high leverage 2-pip scalping. 1 mini-lot on AUD/USD per trade. The difference this time is that I have a stop of 20 pips (vs no stops in the first instance). I also keep an eye on pivot points i.e. try not to trade at those levels.

I'm not sure if I've been trading better using the 30min timeframe, but I take heart that my positions are closing much faster on average (3.3% gains per trade). Here's how they've worked out so far:

S/No.	Date	Time to Close	Remarks
1	11 Feb 19	23 mins
2	12 Feb 19	29 mins
3	13 Feb 19	34 mins
4	14 Feb 19	3 mins
5	15 Feb 19	5 mins
6	18 Feb 19	23 mins
7	19 Feb 19	6 mins
8	20 Feb 19	4 mins
9	21 Feb 19	2 mins
10	22 Feb 19	5 mins
11	25 Feb 19	5 mins
12	26 Feb 19	11 mins
13	27 Feb 19	16 mins manual	Bad day. 3h 40min manual closed for break even. Too emotional.
14	28 Feb 19	27 mins
15	1 Mar 19	10 mins
16	4 Mar 19	15 mins
17	5 Mar 19	26 mins
18	6 Mar 19	8 mins
19	7 Mar 19	18 mins
20	8 Mar 19	104 mins	May have taken longer as I traded at a pivot point.
21	11 Mar 19	18 mins
22	12 Mar 19	29 mins
23	13 Mar 19	7h 40mins	Expected a bounce off pivot. Didn't happen. Should just wait.
24	14 Mar 19	42 mins	Saw pivot bounce, that hit again and went through. So I followed the direction down.
25	15 Mar 19	42 mins	Middle of pivot, RSI60, shorted. Would've worked both ways anyway.
26	18 Mar 19	5 mins	Middle of pivot, RSI35, two red bars, shorted. Point to note, fortunate as it closed at the bottom of a huge spike that would have triggered my SL.
27	19 Mar 19	SL hit after hours	Middle of pivot, two green bars, went long. But it kept going down and triggered my first loss of this strategy.

Been simply using 30min bars, with higher/lower highs/lows to signal the direction of the trade, while making sure i'm not trading at a pivot level. Also keeping an eye on RSI. Keep those charts as clean as possible!

With 26 winning trades and 1 losing one, I'm still in the black since my R:R is 10:1 (33% capital risked). Can afford 1 losing trade and still come away with a healthy 20% profit.

Trade safe.

Yours,

X