Forex Signal for 10/09/2009

Recap of yesterday's sessions:

We had a bad day yesterday which resulted in a loss. I personally experienced a 150 pips loss on 3 trades taken. I was able to make back some pips in the early US session. Again, the market reacted not quite like it should have yesterday. Our view was right but our timing was completely wrong. We are in what seems to be a neutral/bullish region at the present moment.

I will start giving small stop losses from now on, around 50 pips or less (ideally 30 pips)

Today’s Signal:

GBP|JPY – BUY – 152.49 | SL – 152.15 | TP 152.88

IMPORTANT: If price reaches Stop Loss level before triggering the buy/sell signal, cancel the order.

More signals will be sent throughout the day, I will keep everyone posted. And also, I’ve had a lot of subscribers interested to trade the US session too, though I do not trade that market so much myself, I will try my best to send signals for the first 3 hours of the US session at best (all the US signals will be send via twitter, you will need to refresh your browser every now and then. Signals will be sent around 10 to 15 mins before the trade hits).

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

FOLLOW ME ON TWITTER FOR TRADE UPDATES
www.twitter.com/ashforextrading

Happy trading Ash Naeck

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