So, you draw the upper and lower levels of resistance to the Flat in the early European session (c 2:00 till 8-00 (GMT +2)).

What are the possible options for further movement of exchange:

Option 1. Currency pair over the whole trading session did not go beyond this corridor.

This happens very rarely, in cases where the next trading session is expected to announce a very important news. In this case, all the European session turns into the flat, when none of the major parties do not risk playing in the "eagle" or "tails", not knowing what news will come, and where brokers gather to drive the currency pairs on.

What you do - wait. If the currency "were" the whole European session, they are satisfied with the present American rally, having passed for at least 2 times more than they are normally in session.

Agree that the risk of a few points is not logical, if such behavior exchange said that on the American Stock Exchange will move to the points 150-200 as a minimum.

Option 2. Currency breaks some of the levels below or above.

The real breakthrough will occur only when the currency crosses drawn by your resistance, make a little backsliding, and cross the second time in a new hill-top at the top, so double penetration level is the main criterion for becoming a resistance level in the level of support given currency pary.V this case, at least one transaction on the «buy» you must be a long-term (relatively) - for a few hours to try to take all those items which currency will be held before the American session. Typically 300 points or more a pound, the euro, the yen against the dollar.

Conditions:

a / currency pairs allies must cross their resistance;

Used you stand in the transactions so long as each of peaks and hollows zigzag above the previous;

to / need to leave before leaving the important news.

Option 3. Currency made the first break up, and the first breakthrough is always false, and failed to cross again formed at the top level.

Currency will not stand. If she can not go up - then go in the opposite direction. The actions of the trader - forward the double crossing at the bottom and work this trading session to «sell».

The trend movement is strong, swift, with a few setbacks, followed by a new breakthrough. This is because it is the wave of a trend. Open a transaction can be in the breakout of new vershinok (in an uptrend, with a downward course nizinok).

If Flat, especially newcomers, should skip this trading session and not open transactions against the trend.

WHERE reach CURRENCY breached the resistance level?
Having broken through a resistance level, the currency usually goes to the next level of resistance.

These levels of resistance and support you need to know in advance. These levels you can find:

a) - on the news the Dow Jones, where every day in the section "Technical research rates" are given for each currency pair of pivot points, support and resistance levels,

b) - with lines Fibonacci

c) - for the indicator FZR

Again, the true penetration - not single, a double penetration level with each new peaks above on the rising movement or with each new hollow below a downward movement. The level of resistance is transformed for the currency pair in the level of support, from which the currency is repelled when rollback.

Describing the causes and merits of choice day trade, it should be noted and cons.

- Approximately 2 / 3 of working time is outside the market, waiting for the signals and controlling the course of exchange (ie, long get away from the monitor can not be - the situation is changing rapidly).
- Continuous monitoring of about 12 parameters for each currency pair (a combination of candles, their signals, position signals and stochastics, alligators, Parabolic, zig-Zagha, signals FDM, the overall situation of a particular trend among couples and couples allies, breakdown of support and resistance levels, the news and the situation of open transactions at this point and so on).
- As a result, a high fatigue.
- Cessation of work orders before and immediately after the news (although it is currently working news Adviser, it is also necessary to control). But before the supervazhnyh News impossible to predict the course of exchange - the key players outside the market.
- A significant number of false alarms in the short time frames (M5 - M30).

So this is not a sweet bread, hard work, where no farewell, no mistake. And, even stopping work in the real, remains close to the forex because of the news and the need for continuous training on a demo account "sense of the market."

Note: Early morning and late night news release may differ significantly from the time of your terminal and the time zone - be careful, I do not give advice on the news this time out without the high proportion of the probability of currency news pairs.

Time Table - Moscow.

Column "autorepeat" (time exhibiting in seconds - function

test me and the site administrator of the new news Adviser (now the results are exhibited by an adviser INNEW ).

About the downloading and testing capabilities Adviser expect information on the site.

As part of long-term trend exists, at least 3 (on the waves of Elliot) short-term trend from a few days (week) and more.
It could not be, forex, his quotes, rollbacks, current adjustment rate and Flatholm (flat), must be so confusing traders, most of them should see a change of trend after 2000-4000 points, which are the currency has already passed a new trend.

What a trader?

Work on the intraday trend. Purely conservative approach, which I have and use.
And my method is both within the European and American stock exchanges on infallibly earn 200-500 points (at trends within the day) within each trading session.

My working currency pair GBP / USD, EUR / USD, EUR / JPY.
That is just my conservative approach to trading forex within days - to take correctly at least 200-500 points in one session, reducing to a minimum the risk of opening deals.