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05-28-2007, 02:37 AM

michael dunbar michael dunbar is offline

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I see what you mean, with the indicators the way they are, you might be getting lots of signals. In this particular case, I'd only take long trades as they are with the longer trend. I'm taking this trade with stops at the 121.20 support zone. Historical resistance is not far away though so looking to get out if there's any bounce from it.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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