... Guys, Is this a Double Top ? .. And what do you think about the Tp area I've colored in blue ? descent distance ? ... Thx in advance 
it's just another simple question like the other one on the GbpJpy yesterday which you helped me very much with
{quote} next significant monthly level.
... I'd appreciate if you attach a chart explaining this term above ?
Well, I would call that a double top. Just be aware that price is entering a zone that has proved to be S/R in the past {image}
{quote} Thanks for taking time to reply
{quote} Just open your monthly chart and find a significant zone like you did on the daily. If this support is too close from your entry (bad R:R), just avoid the entry.
{quote} All right Chief
You know there is a thread for beginner questions such as these...perhaps you should be directing your questions into the "rookie talk" thread?
{quote} Yes I know but in my country there a saying " hang out with the rookies and you'll be a rookie forever, Hang out with the professionals and very soon you'll be one " and I did that in many things in my life and it worked ... I'm here to learn from the professionals who won't visit the rookies playground
{quote} I hate to tell you this, but most of the folks here to answer are NOT "professionals". Myself included. We are just guys that have been learning through the school of hard knocks. Most professionals will not take the time to answer these types of questions...as well most advise given is either very costly or (if free) not of much value or so obvious you wonder why they would take the time to state it. Seriously...take all advise or technical analysis given here (yes including mine) with a large skeptical attitude...prove it to your self...trading...
) beside so many good guys here who I had chat with them in messages and there trader explorer is Live and Winning ... Don't make a general judgment bro Careful with the terms... There are professional that are not profitable, and there are people who are just "Enlighted rookies" and make a consistent profit on a regular basis. I don't think difference between pro and rookie should be made solely on the result basis. What if you are profitable every time by just tossing a coin and be lucky, would that person be called a professional (even though his trade explorer is live and winning)... According to my definition of a professional trader here is what should be present : - A defined way of analysing...
... what I meant by professional isn't the one who analyses the market the right way. it means that who has the confidence and patience to strike at the right time ... I'll walk you through an example ... If you're familiar with football you could easily see that there are hundreds of footballers who can dribble and strike the ball like Messi and Ronaldo BUT they do it either in less competitive leagues or in the training ground .. what makes Messi for example the best is that he is Confident and Knows 100% that he's going behind that defender and 110% that he'll score even if there's a wall built in front of the goal ... I'll give you another example .... I study medicine and I'm in my final year where we attend surgeries and stuff .... Out of every 100 candidates I see who wanna specialize in surgery there's only 1 who makes it to really operate on a patient ... the other 99 studied well, memorized everything correctly, they know that this ligament had to be sutured with this muscle like this or that ... STILL, they Can't do it ... because They can't develop certain personal characters to deserve being there on the surgery table ... both of those Candidates and Skillful footballers are really good but Not PROFESSIONAL for me 
