Thursday, February 17, 2011

Your Trade Ideas & Setups for Thursday 02/17: Monthly Total To Date +996 pips

Hi ,

Trade Room Performance 02-16

+271 Pips for the day, +996 Pips to date, for the month

Yesterday was a record breaking day with 17 trades were taken returning +271 pips. You can view details of our trades at (Trading Record).

Trade Ideas For 02-17

Trade Idea USDJPY: Whilst the 83.70 barrier still seems to be holding USDJPY, on a break the next level of good resistance is likely to come at around 84.37. Above this and the top of its current range is the 8580/90 area. On the short side the best support should still be be found at around 81.90 with 82.40/50 also likely to prove a decent obstacle. Keep your stops tight and use the time lanes to hone your entries.(See USDJPY 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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