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Whether you know it or not, you have been trading commodities all your life. Sure, you may have never traded a contract of Pork Bellies, but you have almost certainly traded a possession like a car, house, or antique for someone else’s money or possession. If you have never done that, for sure you have traded time for money. You have traded your time as a teacher, lawyer, pipe fitter, or ditchdigger for someone else’s money. So, you are halfway there. you just never knew it!

When we trade our time, we are actually trading our time plus our skills. That is why a brain surgeon gets more per hour than a knee surgeon. That is also why an outstanding quarterback gets more than a tackle and surgeon combined. He has a greater career risk. It is not that one skill is inherently more valuable than the other, it is that one is more difficult to come by and carries higher risk. This characteristic generates more dollars for the person selling his or her time and skills.
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Setup:

* Open up a daily chart on EUR/JPY.
* Apply Bill Willam’s Accelerator Oscillator (AC).
* Apply Stochastic with setting 5,3,3 on top of AC. Use the template if don’t know how to.
* Try and use demo MT4 from ODL securities. Every broker has different time when they start a new daily candle.
* ODL seems to have the time that works best. I only use their demo account for charts and place my trades on totally different broker.

Short Entry: RED AC below 0 and Stot below 0
Long Entry: Green AC above 0 and Stot above 0
Exit: OppsiteBuy/Sell signal or as per Money Management.
Filter: Apply 200SMA. If price is below 200SMA then only take short trades. If Price is above 200SMA then only take long trades.

Money Management:

* Trade with 5 Lots with Stop Loss 100 pips away
* Take Profit on 1st Lot at 50 pips. Move Stop Loss to Break Even (BE).
* Take Profit on 2nd Lot at 100 pips.
* Take Profit on 3rd Lot at 150 pips.
* Take Profit on 4th Lot at 200 pips.
* Let the 5th Lot run until you see an opposite entry signal.
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3 categories of scalp trades

These timing methods come under 3 classifications:

1) Time-sensitive trades
This comes in 2 forms:
· In opening range breakouts, where a quick scalp is taken minutes after the open, in the direction of any market thrust.
· Trading to capitalise on the regular market turnaround times like 10am & 3 pm NewYork time.
2) Countertrend trades
Where trades are taken in known periods of trendlessness during the trading day.
3) Trend continuation trades
These methods focus on entering the market in the direction of a trend AFTER the trend has gone underway. They are also classified as retracement trades. The Ultimate market for these scalping methods
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Every Forex trader have own system for their open position, my first system is breakout system. why breakout? cause breakout price sometimes decide where price want to go, simple maybe but this system must support by other indicators like bolinger band, stoch and maybe we can add some moving average, and off course we have discipline to put stop loss. This e-book show how breakout system working.
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