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Correct, By holding longer term I am still making approx the same amount of monthly ticks that I used to when sitting in front of the screen all day scalping.Also, by adopting my new trading stratedgy I am not bored senseless all day by just looking at size of Bids/offers.

The nature of the business has now changed, and has done since around 2006.Many of the ex locals ( point and click style) have either left the business to more lucrative fields or are now just doing a few trades per day off the back of a fundamental/economic release data.I used to do 1000's...

http://www.youtube.com/watch?v=HNdgbphPLQg

http://www.youtube.com/watch?v=Pmj1EwQy-VU

http://www.youtube.com/watch?v=mkizDpl7x_E&feature=relmfu

http://www.bbc.co.uk/news/uk-17858361

This all stems from the old Local boys ( in and out all day generating spins- which they take a cut)-Eg tmrw-I bet all locals are awaiting the US GDP data, sit on hands untill its released

http://www.telegraph.co.uk/news/worldnews/africaandindianocean/libya/9197891/Tony-Blair-no-recollection-of-Libyan-rendition-case.html Its like me,I have forgotten what i ate for my evening meal......

http://www.telegraph.co.uk/news/worldnews/africaandindianocean/libya/9218655/Western-allies-of-MI6-kept-in-dark-over-mosque-sting-plan.html

http://www.youtube.com/watch?v=HNdgbphPLQg

As my grandad always said " never get in debt"- cash is king

http://www.youtube.com/watch?v=Uwlsd8RAoqI

http://www.youtube.com/watch?v=mkizDpl7x_E&feature=related

Or General Franco...

http://www.youtube.com/watch?v=ipRjef0MEFc&feature=related

sounds like " Community service" here in UK- u smash up cars, attack some one- the Judge gives u a a community service- all employed by the government- so on the gravy train

IFO- just been released- Currently Short from 140.66- stop @ 140.78- target 140.16

Hence now, wait for the IFO release and put a position trade on

To me it says keep on buying the stuff-I am long Brent/Crude

http://www.telegraph.co.uk/finance/oilprices/9209891/Barack-Obama-cracks-down-on-oil-traders.html