damn, I guess that means that slippage is going to bite me in the ass. (i want to use oanda) hmm.. Thanks for letting me know.

Is 30 trades in 6 to 8hrs considered to be scalping?

yeah true but I want to follow my system though and be consistant in following it

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lol yeah true

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man this sux. I'm still waiting for a definitive move in either direction at the moment.

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Thank you, that does help me!

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I was just curious but do you always use the same stop loss amount each trade or do you vary it?

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lol, I don't know what to say

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yep, I already took a small amount of profit from the AUD/USD. I don't know whether it will break out but I'm happy to gain a few pips before I go to sleep

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I have learned from this. The thing I'm picking up is that too early I take a position long or short and proceed to get smashed. The moral of my story is to wait for the breakout in either direction and THEN follow the trend and not be greedy. I'll ...

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many thanks for the explanation pipmac and Tradester.

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yeah, exactly what I'm thinking edit: what do you mean by 'asia' in asia range? I read that quickly and just saw 'range'. Not sure what the 'asia' is referring to?

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would it be fair to say that its become a lot busier at this moment due to London just opening? Too bad they are are going short at the moment (for me), lol Given that some of you would have been long a few minutes ago, did you 'take profit' ...

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damn, that's no good. What broker are you using?

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cool, no worries

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In what period of time are you expecting it to hit the 169 level? Or is the time it takes to reach a particular level not so important in your trading system?

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Thanks, I'll check out the link

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Yeah I don't have a live account with any broker yet. I only started practicing last week and have won probably 7/10 trades. (good start but I need to do at least 1000 trades before I can figure out if I have reliable positive expectency). I am long ...

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Oanda only has the following time frames 1day 3hr 1hr 30min 15min 5min 1min 30second 10second 5second I might have to try a different broker to find the 4hr time frame. It is annoying because I know a lot of you use the 4hr time frame and I want to ...

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Yeah I meant bearish in the context of the 1hr-3hr time frame

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