Daily Trade for Feb. 8, 2010

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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,
Monday the 8th of February 2010 and the week.

As I write this many pairs continued to collapse on continued
strength in the dollar and yen with corresponding weakness in the
euro and pound. The continued collapse over last week and early this
week now puts the monster trades up as much as much as 500-600
pips!!! For those sitting in the monster trades you should be
looking to close any remaining positions you may have left, ring the
cash register, as we feel the next two weeks might see some recovery
trades. We will look to re-enter these trades and some strength or
consolidation breakouts, so stay tuned for more up-dates. I am now
running a Trading Room Special of $7 for 7 days!! Dont miss more
PIPS! With few reports to move the markets today and reaction moves
expected to this weeks collapse, more volatility is expected to be
muted over todays session. A scalp trade will probably be in order
in the Trading Room this week as some minor breakout trend plays are
forecast.

*The swing trade for today is to BUY GBP/JPY on a trade above 139.60
with a stop at 139.40. Target is 140.05 for 45 PIPS. Be wary of spike
volatility when trading this week and adjust position size and trade
management to your comfort level.*

*NOTE: The EUR/JPY @121-122 and GBP/JPY @139-140 (Monster Trades) are
in regions for taking profits/closing-out as bounces are expected to
be fast and furious. Smoke em if you got em!!!*

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, 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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