Trading forex: GBP/USD, EUR/JPY and EUR/USD. I'm trading from Auckland New Zealand, which is GMT+12. Indicator used is 50 SMA for daily, 1-hour and 5-minute chart. First I look at day chart to determine the day's market sentiment. If bullish sentiment for the day, i only trade on the long side when price action is above the 50sma. If market sentiment for the day is bearish, i trade only from the short side when price action is below 50-sma. Trading is done on the 5-minute chart. For entry, I look for double tops/bottoms or head and shoulder patterns. Inital stop set at one pip break on the previous candle hi/low 5-minute chart. Trailing stop 10pips. Attached is the chart for today.