Friday, February 25, 2011

Your Trade Ideas & Setups for Friday 02/25: Monthly Total To Date +1439 pips

Hi ,

Trade Room Performance 02-24

+137 Pips for the day, +1439 Pips to date, for the month

Yesterday 18 trades were taken returning +137 pips. You can view details of our trades at (Trading Record).

Trade Ideas For 02-25

Trade Idea EURUSD: Euro continued its move up yesterday. Important resistance lies at in 3860′s and a brea and above that would see 1.40 likely where there is good risk reward for shorts. On the short side 3570 and 3430′s are the areas that look to offer the best support for possible longs. It is Friday so don't give away your weeks gains. Keep your stops tight and use the time lanes to hone your entries.(See EURUSD charts)

Safe trading

Paul Simpson

Visit our site at www.forextraderscorp.com and watch our trading ideas at www.tigerpips.com

Risk Warning:

In trading forex (foreign exchange) the risk of loss can be substantial. As such you should consider carefully whether trading in the forex market is suitable for you in light of your financial circumstances. There is generally a high degree of leverage that is available in forex trading and you must understand that this can work against you as well for you. Thus the use of leverage can result in large losses as well as gains.

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