Long Term Trading W/ Micros Advice Needed

[copki]

I'm very new at trading in the FX market and I would like to start out by trading duration with 1k lots. I figure this will allow me to avoid the small fluctuations in the market while I can move into trading time frames and learn more. Currently when looking for the current tendency I begin with weekly charts than proceed to daily charts to determine which direction the pair is moving. I then try to idenify and major resistance or service levels that may affect my commerce. Are there any drawbacks or advice you can give to your newbie thats looking into long-term trading with FX market. Im a bit confused on what to do with my stop losses.


Thanks