Thursday, January 27, 2011

Your Trade Ideas & Setups for Friday 01/28: Monthly Total To Date +1834 pips

Hi ,

Trade Room Performance 01-27

+136 Pips for the day, +1834 Pips for the month

Today 16 trades were taken returning +1834 pips. You can view details of our trades at (Trading Record).

Trade Ideas For 01-28

Trade Idea USDJPY: USDJPY has had a strong day benefiting from the JPY downgrade. Good Growth figure tomorrow could see further upside. It is likely to find resistance at 83.42 and above that at 83.79. If this breaks then 84.20 and 84.50 come into play. On the downside, 82.30-81.95 remains a strong area of support. Remember to use your time lanes to hone your entries and keep your stops tight.(See USDJPY charts)

Safe trading

Paul Simpson

Visit our site at www.fxtraderscorp.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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