Now hear me out

Trading Discussion
1

I’m looking for a staple intraday trading system on technicals. I decided to suspend my market critique and instead rely on professional advice.

So the game plan is; daily pre European open market reports on 10 currency pairs from, Scotia Bank, Morgan Stanley, CitiGroup, Trading Central, Central Markets & Credit Suisse.

Majority voting; ideally looking for a unanimous decision on the direction for the day from all reports but, willing to allow a 5 to 1 majority vote. filter the selected pairs to the ones with highest R:R based on recommended entry prices, the SL & TP.

Look to trend trade the 5 min candle if the market price enters the D and starts trending in the right direction, ideally 2:1 R:R.

Communicate with broker to actively manage the position(s).

Repeat with uncorrelated Indices and Commodities.

What do you make if it. Any experiences or thoughts.

2

Could be a decent idea. I would test it on demo as see where you land in a few months. My personal thought is this seems pretty labor intensive to go over 10 different reports on each trading pair or index from different sources and you are going to find most contradict the other. But if all agree on a couple of currency pairs or indexes you might at the very least have a daily bias which is a good start.