3rd Plan

Things I know that will help with a strategy:

1. Find out what strategy you need, is this a Range-Bound or Breakout or Trending pair.
2. Is the pair making Higher Hi's and Higher Low's?
3. Is the MA showing a clear trend? 
4. ABC Patterns
5. Doji and other Candle Patterns
6. What does this pair do on Daily S/R lines (for historical pick a few days back and find lines at that price)
7. What did the RSI do when it hit this point in the past?
8. Is there any HS patterns, Flags, pennants or others?

Before predicting:
Is this pips realistic from past data?
If there any major Fundamentals during duration of trade?
Can I afford the SL above or below the last 4hr candle?



Trailing Stop: Put the stop below or above the fast MA and slow M
Stop: Before leaving for the night you may want to put a stop at least at breakeven so you don't go negative if something happens over-night.
Use trend lines to take profit or know this is where price will stabilize.
Keep stops minimum, don't extend them to another level because they will be triggered when the market isn't working with you and you want to loose the least.
Stop: Draw horizontal line from current RSI and see what it did with hist. data (keep which size of 50 did the line come from).

Learn:

Cups:

• How does a cup and handle pattern work, what happens when the price closes within the last candles high and actual close?
• What happens when price closes above the high of the last candle?

What happens at "this" fib level compared to past when this level was hit?