What are the possible options for further movement of currencies:

Option 1. The currency pair for the entire trading session does not go beyond this corridor.

This happens very rarely, in cases where the next trading session is expected to yield a very important news. In this case, the entire European session turns into a flat, where none of the participants at risk of serious play "heads" or "tails," not knowing what news will come, and where brokers gathered to drive the currency pair on.

Your actions - wait. If the currency "were" all the European session, they will arrange this at the U.S. rally, having at least 2 times more than they are normally in session.

Agree to take risks because of a few items are not logical, if such conduct exchange said that 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.

A true breakthrough occurs only when the currency you will cross drafted resistance, make a small setback and cross a second time at the top of the new vershinki, so double penetration level is the main criterion for making the level of resistance in the level of support for this currency pair (optional, see my article " Do not try to ... "). In this case, at least one transaction in the« buy »you must be a long (relatively) - for a few hours to try to get all those items, which will be the currency to the U.S. session. Typically, 300 points or more a pound, euro, yen against the dollar.
Read the full article breakout strategy (early morning band)

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

When flat, especially the novice, it is necessary to skip this trading session and open trade against the trend.

CURRENCY WHERE he reach breaking through resistance levels?
After breaking 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 out:

a) - on the news, the Dow Jones, where every day in the "Technical research exchange," presented for each currency pair pivot points, support and resistance levels,

b) - with Fibonacci lines,

c) - the indicator FZR

Again, the real penetration - not single, and double penetration level with each new apex in the upward movement above or below the hollow of each new to the downward movement. The level of resistance is converted to the currency pair in the level of support, from which the currency is repelled by pullbacks.

Outlining the reasons for the choice of the pros and day trading, it should be noted and cons.

- Approximately two thirds of working time're out of the market, waiting for the signal and controlling the course of exchange (ie away for a long time away from the monitor can not - the situation is changing rapidly).
- Continuous monitoring of about 12 parameters for each currency pair (a combination of candles, their signals, the position and stochastic signals, alligator, parabolic, Zig-Zag, signals, FDM, the overall situation with the trend of specific pairs and pairs of allies, the breakdown of resistance and support levels, news outlet, and the situation on the open trades at this point, etc.).
- As a result, a high fatigue.
- Termination of work orders prior to and immediately after the news (although it is currently running a news advisor , it is also necessary to control). But before the news supervazhnyh impossible to predict the course of exchange - key players out of the market.
- A significant number of false alarms in the short time frames (M5 - M30).

So this is not a sweet bread, hard work, which is not forgiven, no mistake. Moreover, even stopping work in the real world, it remains close to the forex because the news and the need for constant practice on a demo account "sense of the market."

Read the full article on the recommendation of News 7/30/2010

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, kickbacks, the current flat market rate and corrections (flat), so to confuse traders, most of them should see a change in trend after the 2000-4000 items that the currency has already passed a new trend.

What a trader?

Work on the intraday trend. Purely conservative approach, which I did and use.
And my method is that within the European and American stock exchanges unmistakably 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 to say, I have a purely conservative approach to work in the intra-day Forex - take at least unmistakably 200-500 points per session, reducing the risk to a minimum at the opening trades.

Market Forex ceased to be spontaneous, it has become more organized, which in the first place was not the volume of transactions that are open in one direction or another, and interest in the currency to move someone there or back.

Therefore, the currency goes against the news, and against the volume, and common sense.
And that is why methods of working and learning forex, written classics for the natural market, more and more would be inconsistent with the reality of quotations of currencies, as changed the foundation of the forex market, driven by longer element, and the interest!

Read the full article on the recommendation of News 7/29/2010

Forex - the market rapidly and at times aggressive, no forgiving of errors and with no emotion.

Emotions have you - the one who decided to earn money, earn more and faster. But this fact in mind, and often hinders the development of most beginners.

Exchange is always in motion, even in the side, but the movement, the market is constantly changing, it is influenced by many different factors, and the main thing is not to get confused, do not give free rein to the emotions get the better of you.
It's no secret that the sole purpose of trading in the Forex market is a profit.

Whether you're a private investor with a tiny deposit of U.S. $ 10, or owner of a major investment fund with millions of dollars - you'll need to make money work for you. Money to make money. But not always converted into the desired reality. Although you know the saying "time - the money" refers to more than just Forex.

So you've decided to trade in the market, started by, filled up some money and started trading. One deal, two. A small profit and you are in seventh heaven. How to easily make money, you think. And you're relaxed. Emotions took over the mind and you decide that everything is so simple!

They began to use a lot of leverage, opened trade, relaxed vigilance lost ... and again ... were wrong in the direction of price movement and lost all his money.
Read the article again about Money Management and Your NachalniG