[ForeX Capitalist]

Originally Posted by JimmyMac

Nothing worth having comes easy. But that's not to say you can't make something work if you discover a style, edge or a unique set of occurances which you can take advantage of on a repetative basis?

That pair, GBPJPY is a cool customer, & you can certainly work it via the small timeframe charts if you get your plan & your head nice & tight.

Those spreads will definitely handicap you though when you take this thing live. Why not try run your tests/demo across on EFX's platform.

I believe their spreads on that pair are quite competative, down around the 2-4 pip level during London business hours.

Even with the commission added on, I'm pretty certain you'll receive a fairer & sharper service.

One of the critical elements when executing a scalping or fast timeframe show, is execution/fills. Doesn't matter what your risk management, size or spreads are - if you can't get unbiased & fast fills in & out, you're a dead man walking.

ECN-STP would definitely be the route I'd take if I were seeking a regular trip onto the sub 15min charts.

Good luck with your continued testing & demo work.

Indeed execution and fills are key because I noticed with scalping, 1 pip is the difference between life and death.

Many times have I seen it reverse 1 pip from my target just to tank out on me and just hit my stop loss instead lol so there goes my 3 candles worth $100 or so. If you can pm me the link for EFX id gladly check it out.

So i just learned I cant be a long term swing trader. I tried it out last night and im still open 2 positions and its eating me alive right now 200 PIPS and counting lol however during that time i've been scalping through here and there on the sideways movements so I can create a buffer big enough to take the loss hopefully It reverses a little bit. I hope it doesn't tank out more cuz thats alot of scalping to do to make up =X

anyways thanks for the input sir its well appreciated. take care and have a good one.


-ForeX Capitalist