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 Thursday the
25th to Friday the 26th of February 2010.
Many pairs found support at critical inflection points were fast
moves can occur in yesterdays sessions. Key support levels in many
USD and JPY denominated pairs we looked at were approached and held
and we in the Trading Room positioned ourselves accordingly and look
to book some nice PIPS soon. Initially, the USD and JPY denominated
pairs looked poised to give way but with cool patient observation we
were able to determine bottoms being formed in many of these pairs
with some giving out right buy signals and others now looked poised
to confirm and are setting up more potential buy signals. Although,
by the same token we are still in areas were turns can occur with
blinding speed, we feel that a perceptible shift in sentiment is
being seen. Still, no indication of bias is given and coupled with
month-end make these areas still very treacherous to trade. The
market will tip its hand soon we feel and hope to be ready to pull
some big triggers on some trades going forward soon.
The Monster Trades have fared a little better than other USD
denominated pairs but if certain levels give way then stops should be
triggered (if positions are held) to preserve cash going forward as
the long term picture would be clouded. These levels are just under
0.8800 for the AUD/USD and 0.6800 for the NZD/USD. Below these
levels, weakness should no longer be bought as more downside would be
expected in the near term. That is if these levels are breached on the
weekly/monthly charts; but that is now looking increasingly unlikely.
For now the Monster Swing Trade is still intact but no new
positions are recommended and if those levels are exceed the ALL
OUT signal will still be given. We will look to further define the
Monster Swing Trade in the next Monthly Trading Outlook
newsletters, so stay tuned for more up-dates. I am now running the
LAST THREE DAYS of the Trading Room Special of $7 for 7 days!! So
dont miss more PIPS! There will be some reports expected to move the
markets today, and 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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