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Over-cautions trading |
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Forex Beginners Guide
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francesco
: 3/30/2007 7:36 AM
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Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As I have stated previously, you have to give your position a fair chance to demonst ...
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MORNING BRIEF |
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My journey with GBPUSD
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ForexPlane.com Editor
: 3/30/2007 6:54 AM
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Overnight, prices touched the support again and moved up slowly but nicely up. Looking at the 240-min chart, we're moving up along the trendline channel. If we can past NY session 1.3350, that would be our nearest resistance. Then even round number 1.3400 would be next.
GBPUSD is currently contracting and ...
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MORNING BRIEF |
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My journey with GBPUSD
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ForexPlane.com Editor
: 3/29/2007 8:02 AM
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Tokyo session has taken the EURUSD down below the support 1.3323 (week low). Now it's coming to use the breakdown support as resistance. Once this is done and reverse, the short entry here can be initiated. Since this is the 60-minute chart, use a smaller timeframe suchas 15-minute or 5-minute chart to time the entry.
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