10 mins work ....
heres a link ...i had a few mins before a meeting
i sized up the market (1 min) using my fixed and ma based FXcorrelators
I saw a very very weak GBP (and figured i'd use USD as second currency - my go to pairing for GBP)
waited for a big retrace .....off a big Resistance bounce level in this case
and hit it ........hard !
7 pip scalp ......i could've let it run a little more actually ....
not bad for 10 mins work
(and the UJ was also poss for a handful ...but i didnt take it ....GRRRRR)
N
PS - dont sniff at 7 pips ....if you are scalping professionally you can be at ultra tight Stop losses and leveraging your wins to very good return levels.....if you can get a 3-4 pip Stop loss in place with 2% capital stakes .......that 7 pipper just earned me nearly 4% of my capital base in 10 mins ................you cant even get 4% per annum on most things ....so scalping rules for me guys......N