I think the best way in forex is look for trades based on supply and demand and not get caught up in a variety of indicators. Most of them are lagging and are not suitable for short-term forex daytrading. How do you analyze supply and demand? Support and resistance lines ! For example, you noticed GBP/USD bounced several times from 2.0000-2.0030 level. That gives you a clue that there are a lot of sellers at this level. You wait for some GBP negavite news event, short GBP/USD with a stop above 2.0020. This way both technicals and fundumentals are on your side.
Only trade when odds are in your favor!
Cheers,
Steve
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Forex 101 - FX Resources and Trading strategies