Thursday, February 3, 2011

Your Trade Ideas & Setups for Thursday 02/03: Monthly Total To Date +252 pips

Hi ,

Trade Room Performance 02-02

+39 Pips for the day, +252 Pips for month to date

Yesterday 13 trades were taken returning +39 pips. You can view details of our trades at (Trading Record).

Trade Ideas For 02-03

Trade Idea AUDUSD: As discussed during the previous couple of weeks AUDUSD is still targeting 1.05 extension. Firstly it is to looking to retest its previous highs of just prior to the new year. We should find some resistance at 0176 both and 0253. On the Upside there is likely to be support around 0075 and below that 0020/30 area which might provide more substantial support. Remember to use your time lanes to hone your entries and keep your stops tight.(See AUDUSD charts)

Safe trading

Paul Simpson

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

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