Originally Posted by endy

Extremely important topic fxdiva, however, there is not much new to say here, really.
All was already covered absolutely perfectly by Pimp's posts.
I can only humbly repeat after him:
1. Fibo's (please see my latest sample here: http://www.forex-tsd.com/248980-post1396.html).
2. Important MAs and S/R's from higher TFs.
3. And the most important of all: money management.

I am working on EA which incorporates currency strength combined with H1 retracements.
Couple of ideas I'm working with:
Entry is divided into three main positions:
a. when price retraces to level of EMA20 (we are still on H1 here),
b. in the middle of retracement region defined by EMA20 and SMA50,
c. at the level of SMA50 (which is bottom of retracement region).