I enjoy reading all the comments - I learn quite a bit from all of them. I have been trading the eurjpy for 4 years now, and basically I am a scalper. I have also used hedging, which a lot of people don't agree with, but it has worked very well for me. You have to know how to really work it -both selling and buying within the hedge. But I have had good results with it. I also have set longer trades based on price action, but I really don't like to hold onto anything too long. I prefer short, quick trades. In and out - and build on that for the next day. I only took 5 pips out of the surge this morning, but I was happy with that. Everyone has their own style. As long is it is putting money in the bank, there is nothing wrong with it.