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 Tuesday the
23rd to Wednesday the 24th of February 2010.
* Yesterdays call to BUY the GBP/USD at a TRADE ABOVE 1.5531 was
filled and advanced as much as some 60 PIPS before collapsing in
later Asian trade and continuing to collapse in the London session on
dollar strength.*
Many I am sure are now wondering what is going on. The, initial
trending moves expected will have to wait...that is apparent on
dollar strength. We are in bizzaro world as consumer confidence
numbers were much weaker than expected and the dollar held firm from
a strong rally earlier. Seems awful suspicious, but given it is month
end...well expect the unexpected...or expected as some big money flows
seemed to come during the thin hours of trade. Yesterdays expected
counter-move for better entries in the Monster Trade has
materialized, but for those with some entries there is doubt, which
is why scaled in small positions are recommended. This choppy range
is now expected to continue for some duration of time. The Monster
Swing Trade is still intact but no new positions are recommended if
new lows are seen and scale backs should be considered if comfort
levels are exceeded. 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 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 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.
*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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