This is the system I trade, I only trade about an hour and a half on average every day. I trade only the London Session and the NY session, I never trade after 13:30!
I called it cat and mouse because it’s like sitting for ages waiting for that mouse to jump and then you pounce on it, and get your pips, and like the cat that gets to play with the mouse, you get to play with your money!
I put up 4 pairs on my screen in this order - GBPUSD EURUSD EURGBP and USDCHF, It’s a bit like a 2 up 2 down thing!
I have 1 big fat 5 minute candle on each one, scaled to where my chart is labelled every ten pips at about half my screen, I only trade the GBPUSD I then sit and I wait, and I wait and then maybe wait some more, sometimes I’m done in 10 mins
To trade, the market conditions have to be ‘perfect’ the whole idea of the system is that you don’t trade until you know more or less for sure that you will win, it’s like if the market is going like 051, 059, 053, 048, 051, 048, 056 it’s no good, but if it’s going 051 052 054 055 057 it will continue to do so.
For a Sell
When the market starts moving and the USDCHF is going up pretty smooth and fast, the EURGBP is stable and pushing up the EURUSD is going south, the GBPUSD is also moving down you put a sell on, then when the move stops you click buy to close the order, and then that’s it.
I trade around 6 - 10 hours a week, A typical week would be +3 +6 +8 +2 maybe, or even +2 +1 +3 +1 +7, very very very occasionally a +1 -3 +5 +3 +4 +3, trade that on high leverage and compound the profits, you don’t have to get stressed, you don’t have to analyse and it makes one heck of a good return. It has been known to get 18 PIPS or so now and again, I just take the rest of the week off.
Screenshot - This is how I set up my trading station and have a buy and sell window open by the side.
And the money Management - See how effective getting a few pips are long term - That’s the BIG PICTURE!
It’s a little trickier than it first seems, but once you get the hang of it, you don’t have to do any hard thinking, you don’t have to spend much time trading, you hardly ever get a loosing trade, basically you just practice it until you hardly get any and then go live.
THE MOST IMPORTANT THING - PATIENCE.
Good Luck with it.