[fairwind]

Thanks Wallace,

That was very informative. It seems to confirm my suspicion that prices in FX fluctuate from level to level, more than anything else. It would explain why MA's dont seem to work all that well ( that will draw an argument, that I dont want ! ).

I have focussed on S/R levels a lot lately and they are making more sense to me. I have been examining them as possible entry/exit points, confirmed with other indics.

Given:
"...depends on the timeframe you're trading. Daily, 60 and possibly 30min trading wouldn't most often require closing and re-entering the market, or avoiding...(see Wallace above)"
I think I will go back to my old strategy and simply ignore fundamentals, and use a tighter stop!? I use 1 Hr as my primary chart.

"...Bottom line ? if in doubt, stay out...."
I have been doing a lot of that, LOL.

Good trading to all.......................