Wednesday, February 10, 2010

Daily Trade for Feb. 10, 2010

$ � � �

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 today,
Wednesday the 10th of February 2010.

The countertrend rally expected in many dollar and yen denominated
pairs that was started two days ago failed and as I write this many
pairs continued to trade in a choppy meandering fashion. Again, to
repeat, we feel the next two weeks might see some recovery trades. We
will look to re-enter these trades and some strength or consolidation
breakouts, so stay tuned for more up-dates. I am now running a
Trading Room Special of $7 for 7 days!! Dont miss more PIPS! There
are a few reports to move the markets today and combined with
reaction moves should mean greater volatility than we have seen in
the room the past few days. That being said we still will be wary of
spike/gap volatility (chop & slop) and adjust position size
accordingly, and play any forecast breakout trend plays.

*The swing trade for today is to BUY EUR/JPY on a trade ABOVE 124.20
with a stop at 123.95. Target is 125.05 for 85 PIPS. Be wary of spike
volatility when trading this week and adjust position size and trade
management to your comfort level.*

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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