Daily Trade for Feb. 1, 2010

$ � � �

GreenForexTrading.com

ForeX forX-tra Gr��n

Hi everyone,

In this email I am going to give you my view on the market for today,
Monday the 1st of February 2010.

As I write this many pairs are dropping like a stone in a matter of
minutes in reaction to the Australian decision to keep their cash
rate at 3.75% although a � point rate increase was widely expected.
This should help lend volatility to todays session going forward as
even unrelated pairs are taken down in an indiscriminate manner. We
hope to make hay of this in the Trading 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 SELL GBP/JPY at 144.83  144.87 with a
stop near 145.10. We are looking for an initial target 144.25 for 60
PIPS.*

* *

*NOTE: The EUR/JPY @126-127 and GBP/JPY @146-147 are now in regions
for scaling in their respective SELLS, as described in yesterdays
monster trades from the Feb. 2010 Monthly Outlook.*

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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