Dear FX-Petra, Thank you for your insight. Would like to ask a newbie question. I have identified 1.0195-1.0200 as the resistance for top-side (as per my H4 chart). Is there any particular reason why you have set your TP to 20pips below resistance? ...

Hi apt, why not connect your account to FxStat where it will do all the analysis. Then you need not bother with the postings. Just a suggestion...

Thanks z3r0. This will be my weekend reading.

Hi all, am a newbie who is stumbling at almost every step in FX trading (read: loses a lot). Am following this thread for quite a while in hope of at least moderate success. Many thanks to all who have contributed excellent insight. my ...

Yes, but i don't see much volume! Therefore I am sticking with my sell (though it is still a 5pip loss ).

well.... I made 40+ pips on two positions. And of course, regret the chicken-out! this looks like an artificial boost by the higher-powers! Now I have two counter trend positions open and hoping for a comedown!