So a sell limit and a buy stop are the same thing except for the direction? Great drawing btw!

Thanks for the quick reply. However a few things remain unclear to me: 1. I do not get by what method the orders are supposed to be placed (by pending order you mean limit order?). Do place 6 above and 6 below (the above ones being long and the ...

If you do not mind me asking, I am trying to check this out using OANDAs web-based platform so I have to set up things manually. 1. Are all 6 orders supposed to be the same currency? 2. Are they supposed to be scattered at will above and below the ...

I have read the first post, some posts after #180 as advised and I would like to ask wether I get this correctly: 1. You hop on the first 5 sec candle after 9:00 (London opening central european time), which is at precisely 9:00:05. 2. You use a 1-2 ...

image Just got bombed out of a trade by 10 pips, away from any newstrade. GBP/USD. Is that normal for the spread to increase to 10 like this? I think I am being screwed over here.