Originally Posted by Maji

One of the most profitable methods is entering a trend on a pullback. If you can control your emotions and trade those pullbacks, you will be a very successful trader. Remember, every trend will have its moments of pausing or resting, and your job as a trader is to identify those pauses and jump on it. Sure there will be situations where the pause was a percusor of trend exhaustion and reversal, but that is why you use stops, right?

A few years back I bought a course on trading from Dr. Martin Miller (Dr. Marty). It was for commodities, but I think it is applicable to forex as well. In that course he described how to trade pullbacks or what he called "pattern trading". It is a great method. A similar method was described to me during an email exchange with Jerry Toepke, with MRCI. Jerry, in my mind, is the guru of seasonal trading for commodities.

This kind of strategy is best traded on a discretionary basis. I have been struggling to find a way to automate it, but till now the human brain seems to be better than an EA!

Good luck.
Maji