2 ducks plus ALF

This is a variation of the 3 ducks method
I did not invent this method, I just "tweaked" it with ALF

The basic 3 ducks method is based on trading (60 SMA) with the trend using the 4 hour chart, the 1 hour chart and the 5 minute chart.

If price is above (below for short) the 60 SMA on the 4 hour, one hour and 5 minute, then you look for entries on the 5 minute chart.

I do NOT use the 5 minute chart at all, so I supose this could be called the 2 ducks method.

First I look for a pair on the 4 hour chart with a good trend going.
Look at the angle of the 60 SMA (the steeper the better)
Flat is no good

Then I move to a one hour chart, with 60 SMA and I also have ALF on the chart.

If price is below the 60 SMA and closes below ALF, then I start looking for a trade that breaks resistance (or support)

The images below shows a chart with a good trend on the 4 hour chart
The other image shows a one hour chart with ALF (different pairs by the way)

I trade either 50 pip SL and 100 pip TP or 25 pip SL and 50 pip TP , but sometimes I go just 1:1

I have been day trading off 5 or 15 minute charts, but I do not always have time to do that, so this method allows me to set some "set and forget trades"

Comments and suggestions?

PGPB

What does mean ALF?

Here are two thread where I learned about ALF
Read a few pages of these threads and you will learn about ALF

On these two threads ALF is being used for day trading.

I am using to to trade off the one hour charts

http://www.forexfactory.com/showthread.php?t=226154
http://www.forexfactory.com/showthread.php?t=239353

Four hour chart had decent downward slope on the 60 sma
Price is below the 60 sma and closed below the ALF, broke the most recent low
50 pips (looks like it could have been lots more)