Forex Signal for 16/10/2009

Hello everyone,

We had a good day yesterday again, one loss two winners and one breakeven with half profit taken. This was an 83 pips profit. Some of you did email me to tell me that they made just below 200 pips on the GBP/USD following the signals.

So here is the analysis for today’s session. I strongly recommend that you use your own analysis to confirm 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:1.4975 | SL:1.4930 | TP:1.5022
Sell:1.4880 | SL:1.4925 | TP:1.4833

USD/JPY:
Buy:90.78 | SL:90.39 | TP:91.20
Sell:89.93 | SL:90.35 | TP:89.51

AUD/USD:
Buy:0.9231 | SL:0.9186 | TP:0.9278
Sell:0.9135 | SL:0.9181 | TP:0.9088

IMPORTANT: I will be sending two possible scenarios from tomorrow. Buy and sell orders on most of the majors and the Yen pairs. If for example buy order is triggered, cancel sell order and vice versa. I will start posting trades everyday from now on.

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

Trade Management:

Bring Stop Loss to break-even as soon as you reach half way to profit target and take partial profit at this point.

Happy trading,
Ash Naeck

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