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Awesome post by USDtrader. Taken from here.
All i can say is find your own trading method, and KEEP IT SIMPLE. mastering your method means you're the star. You're in total control of your trades and your financial destiny.
What works for some people may not work for others. this is what works for me.
I am a Day Trader. I use a 1 minute chart of the EUR/USD, because of the tight spread.
2 moving averages. and some times a stochastic. Most traditional methods of trading use multiple time frame charts. the 5-, 10-, and 30 minute charts are all supposed to somehow give us some magical power and accuracy when these charts confirm a certain price movement. The biggest disadvantage of those methods, general, is missing a lot of opportunities.
Take a look at a one-minute chart of the EUR/USD, and you'll notice something. The vast majority of the time, the EUR/USD moves up and down at least 10 points or more every 5 to 20 minutes. For instance, if we have a total 10 point move on a 1 minute chart. I can get in and outof that move and make a 10 points with ease. But,if i wait for a 5 minute chart, etc., by the time it shows the confirmation, guess what? the 10 point move is over! Even if i use a single, five-minute chart, 90% of our signals are never seen.
With multiple time frames, I miss a lot of opportunities to catch the small movements, that could mean a substantial gain, depending on how many pips are being traded.
A single, one-minute chart and two tuned indicators combine forces seek out even the slightest moves in the market and lets me turn them into quick, in-and-out trades.
I don't use pattern recognition methods. candlesticks. I don't try to predict trends or the future, or resistance and support levels, or pivots, when the market moves i move with it.
The best trading hours for me are the first and last two hours of the market. (the london session and New York session).
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I guess I like it because I want to read these kind of posts, but I still like it, and it makes sense too. If you can catch 10s of those little waves for at least 5 pips each, then it means 5*those tens! + big moves after news. Whew, a lot of posting today, I wonder if I'll ever read this. Maybe when I'm 90 or so..

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