Here is the concept:

Catch small trends during the day while avoiding fakeouts
Use 2 time frame charts:
4 Hours chart setting:
* 5 EMA applied to the close
* 10 EMA applied to the close
* Stochastics (10,3,3) (Use slow and simple settings)
* RSI (9) (Simple)

15 Minutes chart setting:
* 5 EMA applied to the close
* 10 EMA applied to the close
* Stochastics (10,3,3) (Use slow and simple settings)
* RSI (9) (Simple)
* MACD (12,26,9) (Exponential histogram)- Make sure the histogram displays the difference between the 2 lines

First, Look what is 4 hour trend then use 15 minutes chart to entry.
If 4hr chart is trending long, then find a long time in 15 minutes chart
If 4hr chart is trending short,then we will only be looking to go short on the 15 minute chart

Long Trade Entry

* 5 EMA must cross above the 10 EMA (Indicated on my chart by a black candle)
* RSI must be greater than 50
* Stochastics must be headed up and not in overbought territory
* MACD histogram must go from negative to positive OR be negative and start to increase value. (We want to catch trends early so the MACD histogram must be negative)

Short Trade Entry

* 5 EMA must cross below the 10 EMA (Indicated on my chart by a purple candle)
* RSI must be less than 50
* Stochastics must be headed down and not in oversold territory
* MACD histogram must go from positive to negative OR be positive and start to decrease in value. (We want to catch trends early so the MACD histogram must be positive)

The Stop Loss Trade

We must protect every trade with stop loss, this can protect our money.
use either the most recent swing low (for long trades) or the most recent swing high (for short trades) as my stop loss

Exit Trade

Here's where things get a little hairy. You'll have to use your brain for this one. What's that? A trading system that actually requires you to think?! But don't worry; it's really not that hard. Generally 50 and 00 levels will be your targets. What is a 50 or 00 level? It's simply any price that ends in 50 or 00. For example, 2550 and 2600 are examples of a 50 and 00 level respectively.

However, if you are too close to a 50 or 00 level you can also choose to set your target for the same amount of pips you are risking. For example, if your going long and your entry is at 2445 and your stop loss is at 2425 you would be risking 20 pips. You could then set your target for 20 pips away from your entry. So in this example your target would be 2445 + 20= 2465.
Original Sources tajen from:http://www.babypips.com/blogs/pip-my-system/so_youve_finished_the_school_o.html