Sorry Guys n Gals.
I have been sooooooo busy this last week with the 5m madness strategy that I have virtually neglected the 4hr Pimpmagic.
In total I only posted 3 possible set-ups for the whole week.
EURCAD CADCHF & EURUSD
2 attached have been successful so far and the Euro Dollar one went 75 in the right direction before retracing.
I will try and dedicated some more time to this next week, I promise.
I know Honest Bill, the drunken trader likes this strategy as do a few others. There are some serious pips to be made as Bill, with a pint od Guiness in his hand, demonstrated last week with a nice set-&-forget 233 pips from one trade alone.
Why does everyone want to be a scalper? Patience is the only possible answer.
People want to trade actively, being infront of the screen 12 hours a day and in the game.
Like in Football or Rugby or Cricket. You don't want to be on the bench, you want to be out there doing what you do.
For me personally, I like to trade, but I am torn. Do I want to get paid to run around a football pitch with 21 gay men, kicking a pigs bladder, or do I want to relax, on the bench with my £100k a week, soaking up the sun ?
No-brainer really !
Please, if you are going to listen to one person ever, then listen to me
5m Scalping is fun, but it's hard work. I took 6 trades for 100 or so pips on Thursday. In & out, in & out. Yesterday I scalped too, but I also TRADED.
By that, I mean I let the trade run it's course, irrelevant of retracements.
This is the way to make the serious money. If you think you don't have the patience then you are mistaken in your thinking.
You do have the patience, you have everything. It's just a matter of tuning in to it, to unlocking it.
Try Meditation or Yoga and you will soon be living, and just spending an hour or two in front of the screens but with double the income.
Cako and Bloom have been unfortunate casualties of our war this week, both suffering with eye injury. Maybe I am wrong but wouldn't be surprised if too many hours in front of a screen has contributed to this.
Just some food for thought.