I have SL sometimes near 300pips-400pips.

or sometimes I take a opposite trade to earn back the -ve I have.

After many days of short EU scalping, now finally I got stuck bottom here.   Well nvm. I got 600euros from scalping since July 31. The next thing is see where the EU want to go.

whats ur TP? 500-600?.....300-400pips is sooooo damn much....

i only need within 100pips to detect possible trend change....300 to 400 is too much.....

It is not much if u use low % of margin per trade. or u take a counter position. That 300-400 could be artificially reduce to 100. 

300-400pip is because i hate to Close my trade at the very end of the trend.(for example the top of a spike or the bottom of a valley). Not worth in my opinion. But normally it wont go to 300-400pips -ve one. I just hate market hit my SL @ the bad price. 

I normally hold a while and close it @ retracement.

people say only trade when London and New York market open...n Korea = Asian Session.....

Asian Session is not so good to trade

lol i would say opposite instead

i tot should be newbie longer time frame and pro go for shorter time frame coz shorter time frame is very volatile and good for scalper

when i mean alot -tive pip doesnt mean alot $, it comes down to position size......

longer time frame u wont get trapped by false spike or news

longer time frame means bigger TP also means big SL......

i can aim for 150 pips easily and SL less than 100

shorter time frame so easy to hit SL and get false spike to flush u out of the market = more losses

This year's low was 1.9326 on January 22. Since then there have been 3 higher lows - Feb 20 at 9357, May 14 at 9364 and June 13 at 9408.

Yesterday's low was 9468 at 11:40 EDT which was retested four hours later.

Since then there have been 2 higher lows - 9473 at 00:15 and 9484 at 3:30 EDT - BUT so far GU has been unable to break and hold above its DP at 9510, whislt EU has been holding above its DP since FO and likewise USDCHF under its DP.

Now the Halifax data is out -1.7% vs -1.5% will this be the trigger for the start of a large rally

0851 GMT [Dow Jones] USD/MYR at 3.2850 (highest in more than six months), vs 3.2755 previous close, extends gains for sixth straight session, on stronger USD vs regional, major currencies, dealers say. Adds local political uncertainties also weighing on ringgit. "Malaysia central bank is protecting the ringgit very strongly at 3.2850 even though the pair has been taken many times at that level," says one. "The next key level to look for is 3.30 and it's coming soon, maybe not tomorrow but it's very possible it will be hit next week," dealer adds. Tips cap tomorrow at 3.2900, central bank likely to be supporting MYR again. (SJO)


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(END) Dow Jones Newswires

August 07, 2008 04:51 ET (08:51 GMT)

crap... if TT bc to malaysia today, i can get more money 

well...its not about % margin

coz if i have 300-400 SL i must have higher TP....else its like doing something for nothing
incase it really hit the SL

well for EU,GU normally it wont reach 300-400.....if it did thts mean ur holding ur losses way too long

but for GJ 300-400 is normal

lol.... scalpin , but in d end loss usd25

means today earnin usd 34+  guess i really need to stop for today.... wish me dun trade anymore today!!!

@normeck, i dunno leh... wish u luck though