There are many people always stress that long term trading is the right thing. Personally I feel that there are no right or wrong. A trader chooses the style that best suits him or her. There are time where shorter time frame yield more pips, and there are time where longer timeframe gives more advantages. Read more below.
Here I would highlight time where intraday trading within 4 days (11, 12, 13, 16 August 2010; EU) would get more pips than long term traders for the 4 days. The scenario is entering when the market starts trending. The pips are roughly calculated based on the middle of the trend, and not the most tops and most bottom. Within the 4 days, intraday trader yields roughly 670pips (picture with H1 chart) , while longer term trader who hold through the period would take roughly 370pips (picture with H4 chart)
This is using hour (or 30 minutes) chart doing intraday trading, yielding almost 670pips in 4 days.
This is using longer term, within 4 days the chart move roughly 370pips
