I thought I might start this thread in an attempt to try and share truly effective trading strategies. EA's are surely good for scouring the market for small profits but as the situation now persists, they can't be trusted enough for high profile (50+ pip) trades. And once again, nothing beats human intellect and manual trading if done effectively.

Please post your manual trading strategies. Here's mine... (Follow the format)

Time: 3:00 PM EST - 7:00 PM EST
Objective: 10-15 pips
Success Ratio: 80%-90%

Strategy: I read this somewhere and this strategy has been very useful for me ever since. The strategy is to basically wait till US market is about to close. Bring up the 1-hour chart of any currency pair (preferably EUR/USD) and if it happens to be a bull candle (green) during the 2 PM-3PM candlestick, then open a sell position after 3pm. If its a bear candle (red), then open a buy position after 3pm. The theory here is that once the banks are closed, us retail traders don't have much potential to cause major shifts in prices and hence the market moves smoothly on cruise control. Its best to quit this strategy just before the Asian markets open.

AngelSpike,

I'm brand new to this FOREX gig and would appreciate clarification on your strategy:
Can you please confirm when the US markets "close" and, when the Asian markets "open"
EST times are fine for me . I'm also assuming that this strategy is based on Mon - Fri ?

Much Appreciated