Trading observations

While poring over EUR/USD daily charts, i came up with some interesting observations using simple moving averages, macd zero lag and stochastic momemtum index.Entry should be dtermined as follows: a) determine which forex pairs are in oversold territory and are about to reverse(weekend wrk check both daily and four hourly charts) b) filter pairs according to profit targets. c) estimate reversal according to support pivot or resistance and use it to identify likely entry point(think  of limit or stop orders if pressed for time). d) during the week, charts can be checked every 3hrs 50minutes.trade should not be entered until after reversal signal is triggered and actual entry point should be compared to estimated point.

Rules
1. For a novice i seem to be using way too much indicators,using visual trends, supports and resistances should work out if money management is adhered to.(trade 4hourly charts,stoch,macd for entry,resistances and supports for exits)
2. Total amount per bet should be  £50.
3.Be more patient and ride winners with appropriate positioning of stop losses.
4. That a win to loss ratio of 4:6 is acceptable.
5. Trades should only be taken when estimated ratio of  profits to investment  is 3: 1.
6.Never ever move stop losses backwards once placed.
7. Plan each trade meticulously as if my life depended on it and let the trade be once its done.
8.Trade exit strategy should be determined before entering any trade.
9.This list should be consulted before any trade.
10.God help me :-))