Hi, I’m a forex noob and I’ve been using the pip school for about 3 months now. I grasp how to trade forex but simply can’t find the time to do it. I got a link on facebook showing me how to scalp but the method is very similar to the ‘so easy its ridiculous’ system. Can I really use it over short periods of time? (couple of trades in an hour 
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here it is
They say it works and they aint selling it, can an experienced forex trader tell me please?
Hi,
Using any form of fast moving averages versus slower moving averages is a practice that many people adhere to in one form and shape. They range from the simple moving averages to exponential moving averages (used by said method), weighted moving averages and so forth. Just look for Moving averages threads in this site and you will find plenty of references.
In general the idea would be that a faster moving averages (that 10 period) is more rersponsive to price changes compared to the slower 15 moving averages. On 10 minutes chart these translate to 100 minutes and 150 minutes averaged prices respectively. RSI is there to warn you for overbought > 80% and oversold < 20% conditions and for bullish > 50% or bearish < 50% conditions. The link also states that you do this when you spot a trend. If we take this at its face value then a trend may run a good while (example GBP/USD today) that could easily be more than 2 hours. You can obviously exit a trade after an hour if you choose so. However, in reality trends don’t happen because we would like them to happen. Trends happen when certain conditions are satisfied most important of all when there is momentum or liquidity in the Market (i.e. busy trading hours).
If you want to see a trend then you have to be there at the right time. For example, between 6-9:00AM UK time you have more chance of seeing a trend (by virtue of Europe/London opening and handling > 30% of FX volume) than any other time. Alternatively between 6-8:PM you can be watching paint dry!
So I don’t think you can pigeonhole trends to two an hour or anything like that. It will require a lot of patience and discipline and you can only do so through practice.
Start a demo account and use what is suggested. First spot the trend, make some inroads and see whether it suits your timings and effort. Try other methods as well.
Best of luck,
Mich