DislikedHi, I am new to Forex Factory and just looking around. I have read the first few pages of this thread and so far it's the best thing here!
I have a question or two (ten) but not sure where to start.
I have about a years experience with forex and understand support and resistance, trendlines and price action but I have trouble drawing the zones. I can draw lines at round numbers that have been touched a lot in the past, should I just put the zone 50 pips either side of the line or is it more comlicated than that?
Also, how big a stop loss should...Ignored
I have set the charts up as good as I can and I am watching the following possible trades.
EurUsd long from 1.41
EurJpy long from 1.33
GbpUsd long from 1.60
AudUsd long from 0.82
AudNzd short from 1.24
Cadchf long from 0.96
EurGbp short below 0.88?
Does anybody agree with these possibles?
Is it me or was August not a very good month for trending markets? Is this because of holidays in Europe and elsewhere? I sure hope September comes a better month for trading.
I appreciate answer to my questions. Thank you.