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hello everybody this is Josh or current
repeat reforms I am senior trade analyst Pierre and we're gonna
pick a quick look at it the market overview
from I live trading room part radio at March 2nd 2010
we are going to look at the cash
and Asia market for the Forex here and we're gonna start with our first
the creative the day which was
the EJ be your Japanese apparent that we did play
short at the high point right where the
trend line was a was about to be broken but hand-held
and we take this nap for about 50 for forty to 50 pips here
and we trade fifty dollars per paper and
would have come up with the with a very nice profit here
2004 many dollars this was a relatively easy trip P
as we saw the train coming towards it and everything was working fine
with the pic another trade later on that day with the name pair
and we were expecting a break up a straight line here
a bit break we did take it
but the it did reverse on this reversed and with that lose about
I was about 15 the pips on this one but overall the
this pair did well for us with there was a nice large problem beginning about and
a small loss we we doing teams small losses
when we see a turnaround we don't we don't speak about rape for absolutely no
reason
I second pair that we're going to look at would be
the Japanese you the Japanese
yen that these are that the first pair in this paper would be my favorite two
pairs a trade
is it the most small town they have the most movement at a most the other pairs
I was of course is news present on their this one however around
8 o'clock and in the evening during the Asia
as your session with did take along
position here of the balance from our
from our trend line we did notice that the upward movement was still intact
some for indicators have shown a string that moving up that way
along with our I'm acting and mister and
histogram and with that pick this one up and
we paid their was it was it a lot of it was about to
35 the 40 pips and
with the database eighteen hundred dollar long profit margin on this one
and this worked out pretty good it was about
about an hour and a half to our trade we did get out right here we could have
stayed a bit longer
to see suit with dupatta
you know I mean ID like this as long
long weekend on this little previous high and I decided not to is that too
much
I I like the fact that if it got to that point
and I get out with safe the safe margin-right:
at the right where the high up the previous
the previous high here at this what did not go up that
to that the previous resistance here so what if it's not this one break the
resistance at its ok to get out
as I I saw there was no reason for any more movement was
as you can see a histogram and our
are magnesium started to move down so we took in a struggle profiteer
and we continue to our next a terrific straight to
are less true that we can occur during the Asian session
from our second here was another long again these bounds of our
are trendline and we did see a few touches and when it came back Derrick
much to begin with some other goings by coming up here
long make the and in the right position we decided to go along
and once we did that we go for a very
we went in for about an hour 22
about a half hour or so and we did get approximately
22 23 p.m. Saturdays trade which you are pretty nice at that point a few dollars
for a quick trade again nom
as you can see we did see the
the volume volume at the crease and that the seller's take control here
and we played a game together right around here this area here
and as you can see from the histogram and our
Mac details for turning the other way on its so with you wanna wait and
we did with a good move by getting out right here as you see fit parent
and a pic go down on this am again did it go up because he later on but the
but here we're here to take profits with you to get back in
and play games going back forth but we should I wear the proper with a green
with the car money put in the bank and
all three trades would have we have portrayed 11 went bad on this
and Rover for thousands profit if this
indecision he ran the 4x and that's what we try to do
we try to get our our money out quickly and and testing the profits
okay this was a quick a recap of our
our forks trading day are March 2nd 2010
I will bring you and I'll
tomorrow's update doesn't as they come
thank you very much does it just occured when submitting offer me trading forms
please visit us at that WWW dot eat reforms dot com
if you want to join our team here and
and trade with us that would be would be more than happy with you have a free
session available for you guys
once a goner on our website you can sign up for it will take your carefree
and you can see what we do and how we do it and if we make twenty wanna join us
pick you guys to with you a good night and a great their trade tomorrow
Forex Live Trading Signals, Forex Trade Indicators