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But I just wonder how much a 10 million unit order could move the market anyway, say the EUR/USD? e.g. $1000/pip
Those guys in that thread say break the order down for better execution so that you don't move the market.
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A Different Kind Of Challenge - From 1000 to >1000 0 replies
still requires endurance 1000 pip for scalping? 2 replies
The 1000 pip trade? 26 replies
15 pip risk 1000 pip gain ea?? 2 replies
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But I just wonder how much a 10 million unit order could move the market anyway, say the EUR/USD? e.g. $1000/pip
Those guys in that thread say break the order down for better execution so that you don't move the market.
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DislikedA trade that size wouldn't even come close to moving the spot market.Ignored
Dislikedhow many units would it take to move the market on say the EUR/USD during the London session?--by just a pip or two.Ignored
DislikedIt's difficult to give an exact answer to this question. However, when I was working for large bank, the spot desk on a busy day could absord a $100m ticket, in that they'd deal immediately and would not need to work the oda gradually through the market.
Please forget the idea you have of scalping 2-3 pips on larger trade tickets, friend, as this is the quickest way to lose your account. As someone has already said, you will need a much higher ratio of winners to losers, given that your s/l will be 8-10 pips away.
Also, you are also leaving...Ignored
Dislikedtrue, this is little counterparty risk but you're exposing yourself to serious liquidity risk. 12 months ago, if you wanted to trade 100 lots during eu or us session you could most likely get that done on the inside bid/offer but in these mkts, prepare to take on board some slippage. As has always been the case in fx and most likely for the forseable future, spot fx is the deeper mkt and where you'll get the better avg price. I dont want to get into a useless spot/futures argument cos if you want to even consider thinking about trading in clips...Ignored
DislikedSure but what happens when the price goes in your favor? It may sound crazy to you but it is not crazy. If you have the mentality that you must place a trade and place a set TP and set SL on a higher time frame then yes this is pretty crazy. Scalping this is not so crazy.Ignored
DislikedIt's going great, for the most part no indicators, I have a setup with some visual aids that show price action and that is pretty much it. I don't trade like some where entry is based on x crossing y and z is above 80 level etc lol. Straight up price action on a tick chartIgnored
DislikedNot a problem, in my opinion and this is strictly my opinion I don't see how people can trade longer time frames, it just does not make sense to me but that's ok scalping doesn't make sense to others. I started off on a 3min chart back in 07 with a simple system I came up with, no indicators except maybe an ema or wma at the time just to help visualize what was going on. I then switched over to basically a tick chart in early 08 and never looked back. One advantage I had was that I am self employed and could put as much time into it as I deemed...Ignored
Disliked16 hours! Wow. Well, in order to master scalping it probably would take that kind of focus. So how long do you spend in front of the monitor(s) per day? Do you have to wait for setups or can you predict direction at any given time? Interesting stuff!Ignored
DislikedI only spend 1-2 hours actually trading now not all day like most people think scalpers do. Direction is fairly easy to see, but I still wait for my setups because you never know for sure how far it will go , the same setup may net 2 pips or 20 pips so it's best to get in at your entry and not in the middle of a move etc.Ignored