The Trading Strategy....

Here is the way I trade to make money. I apply this strategy to the four currency pairs I monitor.

The strategy:

• Open a cable(gbp/usd) 5-min chart, set it to candlesticks, apply pivot indicator with standard(R3, R2, R1, P, S1, S2, S3) and mid-pivots(M1, M2,...) enabled.
• Apply the RSI(Relative Strength Index) indicator to the chart. Set it to 14. Set levels to 30, 50 and 70. 70 is overbought and 30 is oversold.
• Change chart to hourly peridocity and determine the dominant trend. It will be one of three things: ascending, descending or ranging. If the trend is not apparent, change to the daily chart and determine the trend. Mark it on your chart with a trend line.
  
• While at the daily and hourly charts, make note of support and resistance(s/r) levels. You can use previous highs/lows, fibonacci retracements, pivots, round numbers(00 or 50) or all of the above in any combination you find price reacts to. You can mark previous high/lows and round numbers on the chart with horizontal lines.
  
• As price approaches any of these s/r levels, switch to the 5-min chart and look to see if the RSI indicator is showing an overbought(70) or oversold condition(30). What you want to do is wait for price to retrace against the dominant trend, then either buy or sell when the RSI signal line reaches either 70 or 30 depending on if you're buying or selling.
• Use a stop loss order of 20-30 pips for protection. Sometimes price runs off in the opposite direction of our trade for a loss. Losses are a fact of life in trading. They happen. Get over it. Losses are a lot easier to take if we have followed our strategy. Most losses occur when we fail to follow our plan. We have to have protection. There is also the possibility of losing connection over the internet.
  
• Quickly determine where to exit or scale out a portion of the trade. Enjoy the profits.
  

That's all there is to it! That and a lot of experience.

I'll be posting chart examples of entering, scaling out and/or exiting trades. I'll note the size in lots also. And if all goes reasonably well, I'll post Excel graphs showing monthly progress.