Daily Trade for Feb. 3, 2010

$ � � �

GreenForexTrading.com

ForeX forX-tra Gr��n

Hi everyone,

In this email I am going to give you my view on the market for today,
Wednesday the 3rd of February 2010.

Yesterdays sleep-fest trade took everything to maintain through such
a low volatility day. With few reports to move the markets the low
volatility expected was delivered and those of us in the room
received a respite from trading. Looking ahead to todays session
again there are no reports to navigate except for position squaring
ahead of the UK and EU rate decisions (of which most expect no
change) and US unemployment claims, all due out between 7- 8:30AM
EST. Again, a scalp trade or two might be in order in the Trading
Room as only range plays are forecast. Trading volatility should
remain low initially but as the as the day wears into the US session
it should pick up and we will still look to capitalize on any
opportunities going forward.

*The following is the swing trade for todays session:*

* *

*In the late Asian/early London Session, a breakout/breakdown trade
in the EUR/JPY.*

*SELL EUR/JPY on any trade at/below 126.15 with a stop at
126.30&target = 125.40 (75 PIPS).*

* OR*

* *

*BUY EUR/JPY on any trade at/above 126.40 with a stop at
126.25&target = 126.95 (70 PIPS).*

* *

*Again, the better the entry, the better the chance of success.*

* *

*NOTE: The EUR/JPY @126-127 and GBP/JPY @146-147 are still in regions
for positioning in their respective SELLS, as described in last
Sundays monster trades from the Feb. 2010 Monthly Outlook.*

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 $39.00/trial for 1 WEEK*

*Trades are issued in real time, including exact entries, exits and
detailed explanations. The service costs $99 per month, and we also
offer a 7-day trial for $39. 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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