Does the method really works for intraday traders ...

It can work but it demands of you to be very good at what you do. You also have to be prepared to take some risks and to realize that you can't win every day.

Candlesticks are the best indicators in the world. They're good for candlestick formation, elliot wave formation, and trend-line breakout. By mastering these 3 things, you should be able to break-even in Forex. To really make money though, you'll have to master money management as well.

The main tip is to manage your risk. That is the only thing that separates the amateur to a professional trader.

Any amount of maths can't help you. If there was a magic formula, someone would have made infinite dollars already by predicting and forecasting the markets.

All those ebooks and programs claiming super profits do work - but not consistently and regularly. Thay only draw in the greedy with their claims of making thousands of dollars in minutes.

Trading professionally is an art of consistency not quick profits.

It is true what you say how when you do open a position - and it goes against you - it happens to the best of us. This is where your risk management plan - your stop loss comes into play.

Understand trends and go with the longer trend - longer time scale for your trades. Short term trades require more discipline in executing your exit as well as wisdom in knowing the markets.

Read the charts, and know what your risk/reward ratio is before you enter into a trade.

some of the forex blogs i would like to recommendate are:

Forex trading guru

Forex cash machine

Scalping the forex market is something that all new traders aspire to do. It is however not easy and requires allot of concentration and discipline.

Once you decide on a set you are going to use you will need to spend a few months religiously for a couple of hours a day trading on demo until you get to know your setup and a feel for scalping it.

A popular way to scalp the forex on M1 charts is to use hull moving averages. Plot the following WMA's (Weighted Moving Averages) on your chart: 10, 20, 30, 40, 50, 60, 70, 80, 90, 100, 110, 120, 130, 140, 150, 160, 170, 180, 190, 200, 210, 220, 240. Now set price to a line on Average or, if you don't have that, set it to line on Close. Set all the WMA's to one color that is different to price.

The method just worked for intraday traders? Come on!