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Old 07-15-2008, 08:40 AM
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tymen1 tymen1 is offline
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Join Date: Mar 2007
Location: Perth, Western Australia
Posts: 1,550
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5 pips a day is nothing.

With care, this is easy to get.

However, we are working with stop losses, so is your stop loss going to be 2 pips? (to keep the correct risk/reward ratio).

That is impractical.

So we let our trades run when we are in profit. (many pips).
And we set a decent stop loss.

That is the only way to make money consistantly, since hitting the stop loss does occur at times.

The only other way out is too continuously scalp. Then you always close the trade when you are in profit.
But beware of the time when the trade goes against you!!
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