It’s the day after Christmas 2013. The European market is closed, they have 2 Christmas holidays. Also, people there like to take time off from Christmas to New Year. In America most people are trying to get some sleep after Christmas to prepare themselves for another day in the treadmill of their life. Most people. There are a few of us having their business plan in mind and open their laptops to see how the market is doing. Missing most of the retail traders, the market turns out to be pretty flat. So flat that I had to scale up my charts for illustration purpose before I took that screenshot below. However, it does illustrate that there is always money to be made ("pips to be pulled“ in trader’s speech). The market makers are still playing their game of market manipulation. That’s good because we know this game and make it ours.
Please click into the picture to pop it up: On the 15-minute chart in the middle, the hand of the market makers reveals itself. The all-over trend is long (blue candles on the 1-hour chart to your left) so the entry on the 2-minute chart is easy to see. The blue bars on the 15-minute razor keep you in the trade. Be aware of the previous high during the manipulation phase! Take your 15 pips when price reaches this level and call it a day. In case you missed the exit and get caught by the rollover you can still get out in time to make 10 pips.
I annotated the screenshot for a better understanding what 10 pips per day can do for you. Let’s factor in 30% failure and make it 7 pips! Still impressive.