Archive for March 5th, 2010

Mar
05/10
GBP/USD Sell at 1.5135
Last Updated on Friday, 5 March 2010 12:35
Written by Ross Mullins
Friday, March 5th, 2010

Sell on GBPUSD at 1.5135 based on the test of the bottom of the 1 hour trend line the 1 hour Tunnel and historical resistance. Since there is expected volatility today with NFP, I will likely look to protect the entry fairly quickly. If you do not have the Trade Alert Pro software, go to http://forextradersdaily.com/technicaltrading/rosstradesignals

GBP/USD Chart Picture

Mar
05/10
Daily Trader Update
Last Updated on Friday, 5 March 2010 10:26
Written by Ross Mullins
Friday, March 5th, 2010

Hopefully by now you have received the login information for the TAP software and downloaded it to your computer. If you have any questions about it you can contact the support team at support@forextradersdaily.com .

Most of you are aware that this morning the Non-Farm Payroll data was released. This is the most anticipated trade of the month and because of this I like to be extra cautious. There is no reason to be in the market on a Friday when there is a lot of uncertainty. If you have been joining me in the room for any length of time you will know that I like to plan out my trades and wait for them to setup. Waiting is a big part of trading…at least successful trading. We do have another session today at 10:30am and we will evaluate the market once things have settled from the news and I look forward to seeing you there.

You can find the specific links to get started at this site: http://forextradersdaily.com/technicaltrading/rosstradesignals

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