I've been fumbling around now with FX to get a month or two and I have not been doing too well at it. However, I have recently found nigeriaforextrading and I must say that I feel much more confident about applying a constant system for my own trading. Whether this system yields any positive pips, well, that is another story...
Being as I am, I will refer to my current trading system as the Bodger. The Bodger was motivated by the Fozzy method, which now has a large following. However, I've made a couple tweaks.
My attached chart indies the transaction that I just took - short on AUDNZD. I have employed a 61-pip trailing stop (70% of the ATR) and I am trading it due to the negative cross on the CCI.
If you've read up about the Fozzy, you know that it applies an 8-period EMA on the RSI. I put the 8-period EMA about the CCI and that I only trade crosses that take place over 70 or below -70. I will shut the position as soon as the management of the CCI turns against me.