Pull up a 240 min chartā¦ that is damn easyā¦ I hardly do any actual daytrading anymore because with forex, hell whats the point of scalping +5 and 10ās for a couple hours each day when I can throw on a couple trades off the 240 min charts, set my s/lās and targets and go to bed?
Last night I went long the GBPUSD, and EURUSD. Woke up to find my +40 pip target in the GBP hit, and my +90 pip target hit in the EUR. It required all of 2 minutes at midnight to glance at a chart and throw on the trade. I made money while I slept, woke up and gave myself the day off.
Get a broker like oanda that has a web based platform or something if you want to check it or monitor the trades every couple of hours.
Sound strategies should require 0 effort from you once the trade is put on. You should know where your in at and where youāll be out at for either or loss or a profit. If you know all that before hand and you only can make decisions every 4 hours how much time can it possibly take?