Futures Trading

Good morning Friends,

Announcements
GBPUSD there is the Public Sector Net Borrowing at 09:00 GMT and in the USA the New Home Sales at 15:00 GMT.
EURUSD there is the German Ifo Business Climate at 09:00 GMT.

GBPUSD 80 pips short, entered shortly after 08:00 GMT when it came back through my entry points. EURUSD I got in below my prescribed entry points at 14040.
Total for the day 80. Total for May 2011 = 490. Yearly Total so far = 2920.

Here’s to your trading successes.

These are my trading signals for the day.
GBPUSD Caution on Long Trades
Long @ 16140
Stop @ 16070 (40 pips)
Take Profit @ 16180-16190 (40+ pips)

Short @ 16045
Stop @ 16080 (35 pips)
Take Profit @ 16000-15990 (45+ pips)

EURUSD Caution on Long Trades
Long @ 14080
Stop @ 14040 (40 pips)
Take Profit @ 14130-14140 (40+ pips)

Short @ 13985
Stop @ 14020 (35 pips)
Take Profit @ 13940-13930 (45+ pips)

Remember at times of high volatility it is best to be cautious, my philosophy is “if you are unsure, then do not trade”
To Your Trading SUCCESS

SS

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This entry was posted on May 24, 2011 at 6:20 am and is filed under Trades. You can follow any responses to this entry through the RSS 2.0 feed.