GreenForexTrading.com
ForeX for-X-tra Gr��n
Hi everyone,
In this email I am going to give you my view on the market for the
Asian/London sessions in the market for today, spanning Wednesday the
24th to Thursday the 25th of February 2010.
* *As I write and peruse the many pairs are at critical inflection
points were fast moves can occur. Key support levels in many USD and
JPY denominated pairs we look at have been approached and look poised
to give way, although by the same token are also in areas were bounces
can happen in blinding speed. No indication of bias is given and
coupled with month-end makes these areas very treacherous to trade.
The market will tip its hand soon we feel and hope to be ready to
pull some big triggers on some trades going forward soon. The
Monster Trades have fared a little better than other USD
denominated pairs but should certain levels give way then stops
should be triggered if positions are held to preserve cash going
forward as the long term picture would be clouded should these level
be breached. These levels are just under 0.8800 for the AUD/USD and
0.6800 for the NZD/USD. Below these levels, weakness should no longer
be bought as more downside would be expected in the near term should
these levels be held breached on the weekly/monthly charts. For now
the Monster Swing Trade is still intact but no new positions are
recommended and if those levels are exceed the ALL OUT signal is to
be given. We will look to further define the Monster Swing Trade in
the next Monthly Trading Outlook newsletters, so stay tuned for more
up-dates. I am now running the FINAL WEEK of the Trading Room Special
of $7 for 7 days!! So dont miss more PIPS! There will be some reports
expected to move the markets today, and as always, adjust position
size accordingly to your risk tolerance and good trading to all.
*There is no swing trade for todays session.*
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** **$7$/trial for 7 DAYS!!!*
*Trades are issued in real time, including exact entries, exits and
detailed explanations. The service costs $99 per month after the
$7$/trial. So go to GreenForexTrading.com and take advantage of this
special offer.*
*Mr. Green*
* *
*Risk Warning!** *Trading foreign exchange on margin carries a high
level of risk, and may not be suitable for all investors. Past
performance is not indicative of future results. The high degree of
leverage can work against you as well as for you. Before deciding to
invest in foreign exchange you should carefully consider your
investment objectives, level of experience, and risk appetite. 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. All information
posted on this website is of our opinion and the opinion of our
visitors, and may not reflect current situations and occurrences.
Please, use your own good judgment and seek advice from a qualified
consultant, before believing and accepting and acting upon any
information posted here or on this website.
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