Thursday, May 19, 2011

Your Trade Ideas & Setups for Thursday 05/19: Month Total To Date +1454 pips

Hi ,

Trade Room Performance 05-18

+158 Pips for the day, +1612 Pips to date, for the month

Yesterday 24 trades were taken returning +158 pips. You can view details of our trades at (Trading Record).

Trade Ideas For 05-19

Trade Idea GBPUSD: Cable moved off its support area at 6120 yesterday but has now fallen back. Whilst this remains a support a break below could see the key support area of 6030/5990. On the long side resistance could be found in the the 6205 area and beyond this in the 6250's and 6280's.(See GBPUSD 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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