Simple 4 Hours

Indicators: EMA 30, CCPI, IBFX Weekly Pivot, Fibonacci Expension / Retarecement
Time Frame: 4 hour

Trading Plan:

1. Look at CCPI. Only open trades on pairs that has at least -50/+50. Do not trade in between that.

2. Look at EMA 30. If price is above EMA 30 and the signal is sell, plot Fibo Retracement to set TP. Otherwise, use Fibo Extension to set TP.

3. Look at Weekly Pivot. Price has to exceed / break the reversal point. If price is at the pivot line / support / resistance, do not enter. You may open a pending order a few pips above / below the reversal point. Otherwise, just check it out again after 4 hours.

4. To set TP, you need to make sure the fibo point is as close as possible to the Reversal points (Pivot). Do not exceed it. For example, if R1 is between 100% and 161%, set TP at 100%.

5. Use a 5% money management.

6. Sometimes, CCPI will falls on the same line as EMA 30, Pivot. Just be patient and wait for it to break / reverse.