Forex Signals for 14/01/2010

Market was slow yesterday not giving much opportunity in making full profit. US economic recovery is broadening hence the up and down price action in the dollar the past few weeks.

Market still is undecided at the moment. Trading range may be tighter than the previous days. Due care should be taken.

Most of our trades didn’t reach full profit though they were very close to target.

We won’t be putting up trades today. Trading levels are very tight making it quite risky to trade today. Better be safe than sorry in those conditions.

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.