my SL on the far side~

expect some corrections on GU this afternoon

It does not serve a purpose to have an SL it you have already lose too much of your capital...

any brokers are recommend for scalping?

since you are gonna scalp, get a broker with low spreads on whichever pair you plan to scalp. and test their execution speed.

thanks pointing out that. I have test FXCM, their spread is at least 30 pips, damn not suitable for scalping. FxPrimus, is around 10 pips average, but once i have open a position which is 100 pips spread, but that time is during storm time. haha. Any brokers that give spread lower than 10 pips?

30 pips...? Are you using an ECN account/ Pro or whatever account with variable spreads and an extra digit at the back?

Ya, i look from their demo account, account type is "demoAustralia (1:0)". Some even up to 40 pips higher than the current price. Or something i have misunderstood? Because i always heard people talking about few pips of spread, quite different from what i saw. For FxPrimus, the account type is "demoECNPremier (1:500)".

Where you saw that ?

I saw that too, around 2.00 am. There is a storm that time on almost all currency.

Basically it's 2 weeks without trace back (50+ pips) and it gained around 650+pips. Martingale can't survive in this case.
I not putting my money in that robot because I know it might happens once in every few months.

Hey guys, i am short GBPUSD just now with a pending order at 1.61057 (sell stop). SL at 1.61157 (100 pips) and TP at 1.61007 (50 pips), when the price fall very fast it trigger my pending order then very fast the order closed by itself, but when i check back i was actually lost 100pips for this trade, anybody know what happened? I think i should earn 50 pips, why it did not happened?

The big fall of price happened just now from 1.61201 down to around 1.60827 (around 370 pips).

This post has been edited by lovejerk: Sep 19 2013, 04:48 PM

You actually mean 10 pips(100 piplet), 5 pips(50 piplet) etc right?

Just now high volatility, maybe the price move up and down too fast and trigger your SL first.

so far i reckon for scalping LQDmarkets and GDMFX have been not bad.. also in terms of executions they haven't failed to execute too..
hope u guys are still riding PIP wave caused by the FOMC statements .. hehe.. gonna be looking to catch the retracements soon..

u r using 5 digits broker. 30 pips in 5 digit is equal to 3 pips in 4 digits.. its the same thing

Lose some money due to FOMC, but not until "burning my account".
Money management always come in first no matter what.

Finger crossed, Gotta take a rest to continue the journey~

i'm still holding buy on GJ and will trade on EJ if trend permits me .

waiting for sell ..perhaps

where u get the support/resistance line? seems nice

1:50 or 1:100 leverage is better?