Forexmospherian
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Double the fun I guess.
Yes if you are in synch with small move great but Over scalping is an issue that can be costly with commisions when you do an overall analysis of number of trade, win ratio and then %of commision compared to profit.
Attached trading from 2 days last week, see net profit is 109.98 and commission is 95.80, so basically total profit is 205 but because of commission it is almost 1/2 (46% of gain). If I can reduce commission by 1/3 (64) then it only represent 31% of my overall gain and I would profit 142 instead.
Very good point SW
I am always relunctant to take over 20 trades a day - prefer 10 -15 good trades of over ideally 7 pips a trade than loads of 2-5 pip trades
That pullback on EU was a great example
It did not make 85/87 - could not get under 91 - so really it OK for say 5 -7 pips - but really unless you are desperate to get pips in the kitty better to hold a 30% buy on with stop in profit from say 81 -83 area and just wait really I suppose and take 70% off originally at say 2408-9 area
I think if you can always get RR's of over 2 - ie above 8 -10 pips - then never worry about costs - but if you end up with lots of trades with RR's only half to 1 etc - its costly to keep scalping