Forex Signals for 12/01/2010

We ended the day in the red on Friday. Both EUR/USD and EUR/JPY were losers and USD/JPY nearly reached target and fell short of 3 pips before reversing and going against us. Below we have the results of those trades

Also, just wanted to make a point that the signals come out after the US close, meaning just after 5 pm EST. From now onwards I will put down the 2 possible outcomes you may get.

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:

EUR|USD – Buy – 1.4564 | SL 1.4512 | TP 1.4618

                   Sell – 1.4422 | SL – 1.4474 | TP – 1.4368

USD|JPY – Buy – 92.77 | SL – 92.37 | TP – 93.18

                  Sell – 91.69 | SL – 92.08 | TP – 91.28

EUR|JPY – Buy – 134.53 | SL – 134.01 | TP – 135.07

                  Sell – 133.11 | SL – 133.63 | TP – 132.56.

Note: Use extreme care when trading during this period of December to mid of January. Money management will be vital to safe guard your account due to low volatility in the market during this Christmas month. Do not be afraid to bring your SL to BE when you reach half way to target.