Quote:
Originally posted by bobnat
Pittsburgh,
Thanks for sharing your experiences and knowledge.
There have been a number of discussions on the net as to what constitutes scalping and there isn't really a general consensus. I think we all can agree that straddling the news is something that the brokers don't like and are doing there best to discourage.
Is scalping defined primarily by time? Or is it a combination of time with certain events? Perhaps it seems to be an obvious question, but I'm interested in your take on it.
If I get in with 10 lots and pick off 15 pips in 2 minutes is that what you call "picking"?
Thanks,
Nat
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Scalping and Picking, yes is defined solely by time. You must hold your position for a certain amount of time before your off their radar. This simply means your giving them time to offset their net position. You can be nailed for picking at 3PM EST, anytime you hold a position less then a certain number of minutes you will be nailed for picking. 2 min is still under their radar.