Quoting xxDavidxSxxDislikedEvery trader is trading on what they "think" the market is gonna do. Based on a series of indacaters and educated guesses. Whats happening now might not be happening 5 min from now. We are all basically predicting the future. Weather its 5 min or 5 days its all in the future.
I can predict the market with absoultly no indacaters. Weather its 5 min or 4 hrs. Or any other chart. Price is king, and thats all you need to know.
The object is to make money any way you can. If you can scalp 50 trades a week for 100 pips or take 3 trades a week(like me) for 100 pips its all up to you.
But the "true" day traders don't scalp. They trade. And in the long term its the traders that will out last the scalpers.
There are no rich long term scalpers selling systems. There are no profetional scalpers selling systems. There are no signal providers for scalpers. WHY? In the long run, scalping will not out last a real trader. I make in 1 trade what a scalper might make in 20 trades.
DaveIgnored
JohnFX