View Single Post
  #2 (permalink)  
Old 11-07-2005, 09:33 AM
scorpion's Avatar
scorpion scorpion is offline
Administrator
 
Join Date: Aug 2004
Posts: 1,974
Thanks: 119
Thanked 383 Times in 152 Posts
scorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to behold
Send a message via MSN to scorpion Send a message via Yahoo to scorpion
Default

Scalping is possible. EURUSD moves up or down 10-30 pips hourly on average. GBPUSD moves even more, but the problem is many scalping systems are tend make positions against the trend. When there's a breakout, huge loss from 30-200 pips can occour. In other words, it is possible to make profit by scalping in short-term, but once in a blue moon, a single striking loss will blow out the scalping account. Another main of problem of scalping systems is how far SL should be set. 30 pips SL is many times more than the targeted PL (6 times of 5 pips PL), so that means the scalping system must have at least 6 winners in order backup a single hit of SL! What if 30 pips SL hit 3 to 10 times in a row?
__________________
Make easy pips with the Advanced Economic Calendar for Forex Trading.
Reply With Quote

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now

Main Menu

Economic Forecast