Monday, October 10, 2011

Your Trade Ideas & Setups for Monday 10/10: Last Week's Total Total +509 pips

Hi ,

Trade Room Performance for Last Week W/C 10-03

+509 Pips for last week, September monthly total +2298 pips

Last week 66 trades were taken returning +509 pips. You can view details of our trades at (Trading Record).

Trade Ideas For 10-10

Trade Idea GBPUSD: Cable recovered some ground on Friday and has stated the new week positively and is approaching 5645 Friday's high. This is again likely to offer some intermediate resistance. On a break of this level there are further levels at 5765/85, the 38.2 fib of the big move down over the last three weeks and beyond that at 5910/20. On the long side cable should find support at 5504 and below this further support lies at 5335 and 5142. (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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