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"You can be AWARE of what multiple pairs are doing and AT THE SAME TIME, be focused on your ONE PAIR on ONE CHART. If you see all of the JPY pairs heading in the SAME DIRECTION, which way will you enter the trade? With or against the JPY?" Fair enough, but then I wouldnt agree to anything ...

noone, PTG, To be honest, it has been a hassle for a part time student like myself to open an account with a european broker. Im a carry trader + training scalping with TRO indicator. Until I double my account (about a year from now) I shall not try with an american one. When I do, the I'll move som...

PTG,
to my best knowledge the minilots or 0.1 are 10k or 10.000 units, and 0.01 is a micro or 1000 base units.

noone22, thanks for the advice. before, Ive been doing only limit orders. now, it depends on a lot of things: 1) price being too "jumpy", and my bandit broker fills me with slippage, thus I need to expect the price to go more to take profit. 2) when I turn on my MT4, the price is already 2...

TRO I must say that until now your thoughts and ideas were (mostly) clear to me. Horizontal line (be it an S/ R, Psych, pivots) were crystal clear, and simple. But: You were the one saying that a horizontal line is all you NEED to be profitable (and thats true, I myself back your words by trading yo...

LOOKING AT THE WRONG THINGS = looking at a curency pair independent of the price action of all the other curency pairs. Trading with one eye = concentrating on the indicators and price action of a given curency pair while ignoring the movement between the other curency pairs as a whole. --------- wa...

Level II is NOT always the TRUTH!

Ever hear of hidden orders? Or "ice-berg" orders? Or Auto-refresh?

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I've got NO idea, but should a scalper care? Is "In- Out, hit'n'run technique" affected by them?

Note to self: if outcome of this week is positive, I will start trading double lots (0.02), one closing at 4-7 pips, and other run for 10+.

Note to self: Still trade break outs, hesitate on reversals. I do NOT break the rules, but I DO hesitate sometimes and miss out on trades.

TRADE N#5; +6 pips

2009.05.18 @ 10:18
USD/JPY reversal on D1. BUY at 95.37, TP at 95.43. Decided for longer- term trade, with bigger risk and bigger reward. But grabbed the quick profit. Price went another 50 pips which could have been mine. But they are NOT.
Wait for next opportunity.

Another day, another pip. Good start of the week

TRADE N#4; +5 pips

2009.05.18 @ 10:18
GBP/USD breakout. BUY at 1.5203, TP at 1.5208
Price went another 20 pips before I even started typing this!