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Price and Support & Resistance. :)

I've read a fair bit about this because I've seen it raised a number of times as an issue with VSA in forex. (Just for the record, I don't trade VSA (yet), I'm just trying to learn the basics for now - price action and support and resistance for now) From what I understand, you're right in...

Oh, another book you might want to try is Master the Markets by Tom Williams - it's about trading using Volume Spread Analysis (VSA). VSA uses just volume and price, so no indicators there either. :)

Tharp's book is fantastic. You might also want to consider Pring on Price Patterns if you're interested in learning to trade without indicators. It's focus is price patterns (of course!). :)

I believe in forex robots. They definitely exist! ;) Whether you can buy one that makes you consistent money however is a whole different matter. Time is far better spent actually learning to trade rather than blowing account after account hunting for the golden ticket.

EUR/USD is heading into weekly resistance at around 1.3777, possible rejection at this level?

You can't really base your calculations on assumed figures, you need to test to find out the actual figures of your trading method. But working towards a system with a positive expectancy is a good thing. :)

Fair enough. :)

I just wanted to double check if my sig is okay? I'm guessing it's fine because I'm just linking to personal rather than commercial sites, but better safe than sorry! :) By the way, I agree with the stipulation to not allow commercial links - forex is full of people spamming and trying to...

Learn the fundamentals. Read some books (Forex Patterns and Probabilities, and Trade Your Way to Financial Freedom are a good start). Don't believe anything written by anyone trying to sell you something (as someone's already said, if something sounds too good to be true, it probably is)...

I think that the main reason is that most people don't treat currency trading as a business. It's not taken seriously. It doesn't help that system salesmen will perpetuate the myth that all you need is a good system and you can pretty much print money. Why would you need a plan if all you...

:) Greed can be a problem (when you're winning and when you're losing). Failure to admit that you've been wrong about a position, also.

Envid makes good suggestions. You shouldn't base anything (targets, stop loss, anything) on arbitrary pip values. Personally I base all of these on support or resistance levels, or candles, but they should be based on your personal trading methodology. I always have a stop loss, and I'd...

Yep, the babypips school of pipsology is great for learning the fundamentals. As far as books go, I'm currently reading Van Tharp's Trade Your Way to Financial Freedom, and it's fantastic. Also Forex Patterns and Probabilities by Ed Ponsi is good.