新夹点法 (PPM) (New Pip Pincher Method (PPM))

Hi Folks,
I have been a silent absorber of the knowledge & experience of this wonderful forum----Atlast, I decided to share a simple but very profitable scalping method with you all---- comments, feedbacks & improvements very welcome---but I prefer to keep it simple & naked---
This method is just an improvement of the already existing one I saw somewhere--hence, real credit goes to one who originally devised it----
I'll call it Pip Pincher Method (PPM) after Linda Raschke's (my favorite)---
PPM:
1. First pull out a 5 min chart of your favorite pair (I prefer Euro/Jpy due to low spread & good volatility)
2. insert 3 EMA (weighted close, i.e., HLCC/4)
3. insert 100 SMA (close)
4. 100 SMA acts like a magnet--price tends to move away & towards this line
5. Now, watch out for swing reversals around 3 EMA
6. Entry at the close of bar which closes just outside or at the 3 EMA----(please see the chart for clarification)--- watch out price action when it approaches 100 SMA
7. SL @ swing high or 10 pips (including spread)
Exit at or before the close of 3rd bar or on trader's discretions (I aim for 3-5 pips per trade)

The success rate is very high with this method---and you will have plenty of opportunities in a trading day--so don't be greedy
Imagine 10 trades & you will earn atleast 20-30 pips a day---you are a millionaire!!

Enjoy your weekend & happy pip hunting,