Daily Trade for Feb. 22-23, 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 the
Asian/London sessions in the market for today, spanning Monday the
22nd to Tuesday the 23rd of February 2010.

* Yesterdays call to BUY the GBP/USD on a retracement did not fill.
There was little overall net movement in several pairs over the
Asian/London session time frame.*

As I write, some of the reversals predicted in yesterdays Weekly
Outlook Newsletter, materialized slightly before giving way to choppy
trade and retracements. Those retracements that were predicted in the
Trading Room were continued modestly in the U.S. session, although
not enough to get filled on some position trades given in the Trading
Room. With the first impulse move in the dollar and to a lesser degree
the EUR and GBP expected soon, we will sometimes try to position our
members beyond day trades if we determine that conditions warrant
such action. The, initial trending moves expected will apparently
need just a little more time to confirm but we still expect these
moves to initiate soon and will be looking for low risk entries as
they present themselves. Although yesterdays expected counter-move
for better entries has not materialized, some weakness in USD
denominated pairs was noted. The confirmation of the previously
described Monster Swing Trade is still intact, with marginally
better entries being offered. The possibility exists for fresh
positions and will be forwarded to those in the Live Trading Room. We
will look to further refine the Monster Swing Trade for entry in the
in the next Monthly Trading Outlook newsletter, 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 few reports 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.

*The swing trade for todays session is to BUY the GBP/USD at a TRADE
ABOVE 1.5531 with a STOP @ 1.5509 for a TARGET of 1.5630 for about 100
PIPS.*

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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