Daily Trade for Jan. 28, 2010

Hi everyone,

In this email I am going to give you my view on the market for today,
Thursday, the 28th of January 2010.

Yesterdays trade to SELL EUR/JPY was a misprint as it was to
actually SELL the GBP/JPY as the GBP/JPY prices were listed, and many
of you figured that was the case with the EUR/JPY pair trading in the
125 and change region and no 2000 pip action to be seen! The actual
trade did not trigger when the letter was released but we were able
to fine tune the action in the chat room for a 45pip profit on the
GBP/JPY pair during the London session. I write this many pairs
continued extension range downs during the US and early Asian
Sessions. We hope to make hay of this in the chat room through some
final exhaustion moves and/or reversals. With a few reports to
navigate this session could pose a challenge, but again, impacts are
expected to be muted and priced in as they are historically based,
expected to be of light to moderate impact; but, should help lend
some volatility to the session. Trading volatility should steady to
increase as the day wears on so as always, position size and stop
placement will be crucial to remain in position to capitalize on some
opportunities in the sessions going forward.

*For todays swing trade is to BUY GBP/JPY at 144.73  144.77 with a
stop near 144.5. We are looking for an initial target 145.50 for 70
PIPS.*

That's it for today. Remember that I trade in the Live Forex Trading
Room between 1am-6am Eastern Time. I will be hosting my regular 3-4
hour session and assessing and exploiting PIP opportunities as they
arise.

Enjoy trading and good luck everyone!

*Trade with Mr. GREEN for $39.00/trial for 1 WEEK*

*Trades are issued in real time, including exact entries, exits and
detailed explanations. The service costs $99 per month, and we also
offer a 7-day trial for $39. So go to GreenForexTrading.com and take
advantage of this special offer.*

*Mr. Green*

* *

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