Your Trade Ideas & Setups for Tuesday 02/22: Monthly Total To Date +1190 pips

Hi ,

Trade Room Performance 02-21

+47 Pips for the day, +1190 Pips to date, for the month

Yesterday, being President's Day in the US, was quiet, with only 5 trades being taken returning +47 pips. You can view details of our trades at (Trading Record).

Trade Ideas For 02-22

Trade Idea GBPUSD: As predicted, cable has fallen from Fridays close, down about 100 pips as I write (Monday evening UK time). Any recovery to the long side and the 6270 area remains a pivitol resistance but caution needs to be observed as it is likely that buy stops exist above 6300. On the short side support lies at around 6110/20 and below that at 5990′s again. Keep your stops tight and use the time lanes to hone your entries.(See GBPUSD charts)

Safe trading

Paul Simpson

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

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