Forex Signals for 07/01/2010

We had another positive day yesterday where we made some good pips on all the pairs we traded.

From now onwards I will put down the 2 possible outcomes you may get.

First outcome will be for those thrill-seekers who bring stop loss to Break-Even when half way to profit target.

Second outcome will be for the safer ones who take partial profit half way to profit target and bring Stop loss to Break-Even.

So here is the analysis for today’s session. I strongly recommend that you use your own analysis as an extra confirmation to validate the trades I will be sending. Most of the trades will be sent 15 minutes to 2 hours before the move eventuates, though we are taking into account the short, intermediate and major trend at that point in time, market conditions may change.

Today's Signals:

USD|JPY:
– Buy – 92.68 | SL – 92.30 | TP – 93.08

                  Sell – 91.64 | SL – 92.02 | TP – 91.24

Note: NOTE: If you are a thrill seeker, bring SL to BE once half target is reached and let profit run until final target is reached. On the other hand if you are the cautious type, do not be afraid to bring your SL to BE when you reach half way to target and take partial profit half way.

There may be changes i the trade posted throughout the day, if trade does not look favorable, I will advice all of you ASAP via twitter.