Monday, December 5, 2011

Your Trade Ideas & Setups for Monday 12/05: Last Week's Total Total +467pips

Hi ,

Trade Room Performance for Last Week W/C 11-28

+467 Pips for last week, November monthly total +1703 pips

Last week 77 trades were taken returning +467 pips. You can view details of our trades at (Trading Record).

Trade Ideas For 12-05

Trade Idea GBPUSD: Cable has moved up during late Asian / early London but has found resistance at the 5660/70 level, which had acted previously as support. This could still provide an immediate barrier but on a break further resistance levels sit at 5750 and 5873. On the short side, cable has found support at 5580 on late Friday and again in the Asian session. Further support levels lie below at 5420 and 5333. (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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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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