My short position from .9240 profit stopped out at .9182 for +58 pips as the pair reached a high of .9184. It has stalled in this resistance zone. If it gets through here it will encounter additional resistance at .9230, .9252, .9330, and .9406. Support is at .9159, .9096/85, .9054, .9001, .8888. I intend to short rallies, especially if the pair can get
to .9230/52.
© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.
My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.
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