Forex Signals for 28/01/2010

Recap

Hello everyone,

We had a loss and a trade that didn’t pick up. Don’t you hate those days, The EUR/JPY trade was a good short though our target price was not triggered.

Market is still quite undecided and our trading levels are quite tight making the method I use quite risky.

We will need to be careful for now.

I will be sending my reversal levels later today around London session as they can be very helpful in those types of market conditions.

Today’s Signal:

EUR|USD – Buy – 0 | SL 0 | TP 0

Sell Only– 1.4064 | SL – 1.4090 | TP – 1.4003

AUD|JPY – Sell Only – 81.40 | SL – 82.22 | TP – 80.20

Buy – 0 | SL – 0 | TP – 0

USD|JPY – Buy – 0 | SL – 0 | TP – 0

Sell – 0 | SL – 0 | TP – 0

AUD|USD – Sell – 0 | SL 0 | TP 0

NOTE: For those who are thrill seekers, you may decide not to bring SL to BE once half target is reached and let profit run until final target is reached. On the other hand for those more cautious, do not be afraid to bring your SL to BE when you reach half way to target and take partial profit half way.

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.

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

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