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luSan, thank you for sharing your trading thoughts and for the recommendation of the Book of 5 Rings. I have been attempting to trade FTI style during the Asian session, mainly trading for a few hours around 11 pm to 1 am eastern time with U/J. I find that if you are on the right side of the trend it is a nice time to trade, but if you are in rescue mode it can get difficult due to lack of price movement over time. I do not trade every 5 min candle such as yourself, but will look at 2-3 candle patterns and sometimes rescues can carry on for hours due to low volitility. I also have been over leveraged with a broker that only allows mini-lots at 200:1 leverage, so I have opened an account with OANDA and it should be funded by the end of the week. My success with smaller lots has been better I think due to psychological reasons, but I have only gotten to level 4 entries twice in about 4 months of training......I may try to speed up my trading a little as I have limited time to spend behind the wheel, good luck trading to all, back to the ant's work!Ignored
bdog - I'm in the same boat as you. My timeframe is from 9:00 - 11:00 PM eastern time. Things seem to move quite slowly at times. Seems like it can take a while just to get back the spreads. And if you price moves in the opposite direction, well, you could be playing a waiting game.
I started looking at OANDA the other day, b/c spreads are tighter. At least 1 pip difference vs other broker. Sometimes more. I like the .9 spread on E/U. Even though the price movement was slow, I was able to pick up a few pips with the narrow spread.
I'll keep trying with OANDA. I have only used OANDA very recently, so I also have to figure out the platform, and how to figure unit size etc.