I've been keeping a journal over at moneytech for the past few months. But I'd like to start mirroring it here where there seems to be more succesfull, experienced, and knowledgable traders. The system is based on a methed called Precision Trading System taught by Mel Raimen. He focuses primarily on stocks, but I found the system works great for Forex. I programmed my own version in Excel and have added quite a few more elements than taught in the PTS course. The basic setup I look for is trading in the direction of the price channels when price is at the extreme bounds of the channels on multiple time frames. The channels are nothing more than a mean and +-1, and +-2 standard deviations. The trigger is the green line (price) cross both the yellow(linear regression) and red (ema) coming up or down from the top or bottom of a channel in the direction of the channel. I then look for a simple 1-2-3 with the mean of the channel being the 2 point. Entries and targets are also gauged by finding confluence among pivots, fibs, and other traditional forms of TA. I also use traditional candlestick charts with a bollinger method to help confirm and analyze a given pair. Actually, I normally refer to the candle chart first and then use the Excel application to get in and out. In the past 8 weeks that I"ve been live with the system, I've had about a 85-90% win rate. But like with any system, it's how much to bet, when, and for how long that makes the difference. I can be very aggressive with adding on to profitable trades and have been able to pull out 900 pips out of a 300 point move on more than one occasion. On the downer side, last week I ignored the system and 2 losses set me back below b/e. Just goes to show that even a win% doesn't mean jack if you don't bet it right. But I was able to make that up and recover all of my profits from wed - fri. last week.