Daily Trade for Feb. 15, 2010

Hi everyone,

In this email I am going to give you my view on the market for today,
Monday the 15th of February 2010.

As I write this many traders are returning from their respective
hiatus and thin trade should slowly give way to the normal routine,
although I am sure many would ask what is normal lately with the
constant cross-currents of euro-dollar trade. Many other pairs
continue their 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, more
notably UK inflation data and German Economic Sentiment (my favorite)
and combined with anticipatory and 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 breakout
and/or retracement plays.

*BUY the EUR/USD on a breakout TRADE above 1.3632 with a STOP @
1.3614 and a TARGET of 1.3695 for about 60PIPS is the swing trade for
todays session. Looks like the breakout is occurring by the time this
letter goes out but this does not preclude buying a pullback to the
breakout point with the same stop or to 1.3650 with a NEW STOP at
1.3628 and the same target in place.*

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*

* *

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performance is not indicative of future results. The high degree of
leverage can work against you as well as for you. Before deciding to
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possibility exists that you could sustain a loss of some or all of
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