Long USDJPY M1 +3,6 pip .
2
PVSRA (Price, Volume, S&R Analysis) 7,862 replies
PVSRA Scalping 13 replies
PVSRA Scalping EA 1,289 replies
Scalping M5 with PVSRA / 10pips Daily 64 replies
PVSRA Scalping 0 replies
DislikedHello friends, I never mentioned it in this thread, but my main trading style is actually swing trading. I've been actively scalping M1 charts for a month now and I managed to be profitable. The problem is that commissions took more than half of my profits and that's frustrating I currently pay 7$/lot. I don't see myself being profitable in the long term with these trading costs. Any comments? Do you guys have this kind of problem too?Ignored
Disliked{quote} Hi mtsgalli I was also in this position with my broker bank. Unfortunately I did not find a solution. I continued to trade however and with small incremental growth I began to slowly increase my lot size to a point where it was beginning to pay off. Secondly in my country because of very strict forex trading regulations we have no choice but to go with our local bank and they charged me even higher than $7 about 2 years ago. Lastly, I try to let my trades run a bit longer so that I'm profitable...like +12 pips and more. So generally after...Ignored
Disliked{quote} I find it hard to let M1 trades run though. When I trade M1, I don't usually want to be in retraces (very stressful) so most of the time I'm out before 10 pips... Are you saying you're not allowed by law to use a broker in another country?Ignored
Disliked{quote} Excellent! nothing better than a chart with clear explanations. Well Done!Ignored
DislikedNice trading Guys.. I appreciate seeing the team work by ALL as "Traders Helping Traders" My many thanks to all especially SKHU for taking the reigns and management of our thread. I only wish that my health was such that I could join in the fun but for now I must be only an occasional spectator. Regards, A Grateful CigarguyIgnored