Does for me, and has been for a whole bunch of years.

You can trade well from 8AM - 12 NOON, and then place a "set it and forget it" trade to handle the NOON reversal while you leave your office and head down to the Maserati dealer to pick the color of your leather !

you can flip and scalp even better from the Euro open till that NOON time, understanding that you will have TWO REVERSALS to play with --- the first one coming off the EURO market when the US market opens, and the second being that nice NOON reversal, which actually starts taking place at 11:30 AM, EST. Be aware there is also a 12 MIDNITE reversal, during the Asian market and heading towards the Euro open, allowing you to set yet another trade, BUT ONE SHOULD BE VERY AWARE OF WHAT NEWS IS UPCOMING, for while that trade may get swept away by news, it will invariably return to trend also, but youll be sitting with a large drawdown for what could easily be a week or more, so BE AWARE OF UPCOMING NEWS IF YOU ENTER A MIDNITE TRADE !

ONE HINT --- do not search for a large reversal if the currency is in a FIRST DAY BREAKOUT MODE --- if you want to play a reversal on those days, stick with a 15 - 23 Fib move, and no more and even at that, its often far better to simply hold your original position !

Now i NEVER use a sl, especially overnite, as brokers WILL hunt them BUT more because Im a trend trader and if my long reverses for the normal intraday reversal, I know that a few hours down the road, its gonna reverse back to the long side, but meanwhile NOTHING is left dangling so that I have a loss. So many newbs lose money, SIMPLY because their sl got hit, they got dumped at a loss, and the currency went up to make new highs, leaving them beating their heads against the ground !

As an over 30 year vet of the equities markets, when I found forex I thought I had died and gotten a job as CEO of the NYSE ---- never had i seen ANY trading vehicle as relatively predictable, stable and easy to trade as the currency pairs, although that "ahaa" moment took a few years to arrive.

You want to trade at home, drive the Maserati, walk with the trophy wife, try to decide which of your 5 houses you shall go to this week in the company jet so you can relaxe for a few days because the easiest job in the world is getting boring ?

LEARN what forex is about, how it behaves, how it moves up and down in channels, how news can knock it off course, but it ALWAYS returns to trend ---- the information is SO SIMPLE and SO EASY TO FIND ---- JUST WATCH YOUR CHARTS AND SEE WHAT CURRENCIES DO and one day, the lightbulb will go on over your head, you will have that "ahaa" moment, and it will all be happiness and laughter from that point on !

Forex is HUGE --- there is a niche for every kind and style of trading, and none of them are wrong unless they lose money constantly --- so many "systems" and so many are just fine, for the most part although some return more pips than others. I personally use support and resistance as my "method", trading ALL timeframes at once, and constantly prove i can nail the tp point (before "they" reverse the direction) time after time because forex is nothing more than a SUPPORT AND RESISTANCE DRIVEN ANIMAL ! Learn how to identify these areas and forex becomes (unfortunately) boring !

THE MARKET will tell you whats happening --- just watch and listen and learn ! Its as close to "Zen" as you can get when you "know" where its going and are waiting there with your tp already set while the fair maiden comes closer and closer and closer and finally drops right into your bedroom !

enjoy and trade well

mp

__________________
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !

As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!