Daily Trade for Feb. 15, 2010

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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,
Monday the 15th of February 2010.

Yesterdays swing trade to BUY EUR/JPY on a trade above 124.20 did
not trigger. The countertrend rally that was occurring in many EUR
nominated pairs that was started two days ago again failed in
dramatic fashion in the late London early U.S. session as German
chancellor, Angela Merkel announced stiff resistance to any swift
bailout of Greece. Since Germany has the healthiest checkbook of the
EU nations, this is significant. I will have more to say on this and
related trades in the next Weekly outlook. In the meantime, as I
write this many other pairs continued to still trade in a choppy
meandering fashion. Again, to repeat, we feel the next two weeks
might see some recovery trades, albeit choppy ones. 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.

*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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