Hi ,
Trade Room Performance 02-15
+78 Pips for the day, +725 Pips to date, for the month
Yesterday 22 trades were taken returning +59 pips. You can view details of our trades at (Trading Record).
Trade Ideas For 02-16
Trade Idea GBPUSD: The 6170 level on cable held beautifully yesterday and again this morning it has been pushed back. Today much will depend upon the Bank of England's Inflation report for hint on if and when interest rates are going to rise. Yesterday, Governor King's letter to the Chancellor indicated that it these might not be far away, any further confirmation or more immediate time frame is likely to push cable higher. Once 6170 breaks the next level of good resistance lies at 6273. On the short side cable is likely to find some support intermediate at 6120, and below that at 6070 which would be a better entry for a long. The 5990/60 area remains the bottom of current range. 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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