Wednesday, February 17, 2010

Daily Trade for Feb. 17, 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 17th of February 2010.

* Yesterdays call to BUY or SELL the EUR/USD on a breakout/breakdown
TRADE was triggered at 1.3755 with an intra-session low of 1.3739
before reversing into the London session open and faking-out almost
everyone and tagging a new modest interim high at 1.3795 before
tanking again to new intra-session lows in late London trade. This
turned out to be quite a difficult trade but those of us in the room
still managed to be as much as net + 30 PIPS in a little over two
hours depending on how the trade(s) were managed with little overall
net movement in the pair itself over the same time frame.*

As I write the reversals predicted in last weeks Weekly Outlook
Newsletter, has started in the U.S. session with the first impulse
move in the dollar and to a lesser degree the EUR. The, initial
trending moves expected will apparently need just a little more time
to confirm but we still expect these moves to initiate, coinciding
with the latter half of the month. Yesterdays counter-move has not
negated the confirmation of the next Monster Swing Trade. On the
contrary, it has given a better entry point for those looking to
scale in some fresh positions and will be forwarded to those in the
Live Trading Room. We will look to further define the Monster Swing
Trade for the February to March time frame in the next Weekly and
Monthly Trading Outlook newsletters, so stay tuned for more up-dates.
I am now running a Trading Room Special of $7 for 7 days!! So dont
miss more PIPS! With no reports scheduled that are expected to
significantly move the markets today, movements are expected to be
muted if they do occur. 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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