I am a part time trader and I like to trade with the right market analysis and if we can trade with the right discipline only then we can make good money, I use the moving average indicator on my trade with Pivot points. and I don't stick with a single strategy but the one thing I have common in every staregy that I use is stop loss, the thing about setting a stop loss, is that you might wait for some 40-50 pips to get the pair to get where it is but suppose if you have moved around 100 pips then the possibility of returning is very low and you have to suffer more losses, so it's better to stop the pair at 30 pips.