of course i agree with you long term trading is very hard and i say that we work in market with market current situation and we make our good technical and fundamental analysis in market and we make good trading experience in market and we make good knowledge in market and we when trader work in market with clear market direction then he/she make good earning easily with forex market
You would use daily and weekly charts and do the same thing as the method above, buy the dips and sell some off during the rallies, but the trades would days weeks, maybe months depending on market conditions. This method requires you to trade small and make your money over time, collecting daily interest and slowly trading big into the trend.
The method that you choose just depends on your trading style and your tolerance for risk. Some traders like to try to make money quickly while taking large risks. Other traders prefer to balance risk constantly and try to make money using the big picture.