February 1st, 2010
By: Danelle
We one indication of a trade today.
Our trading methods indicate a potential shorts AND a potential long on USD/JPY. We are going to stand aside on this trade due to the conflicting indications.
Don't forget, sometimes the best trades are the trades you don't take. We only like to get involved in trades that have a higher probability of success.
Check back tomorrow for more of our Angel Pair Picks!
IMPORTANT NOTE: These are not Forex picks nor Forex recommendations. This information is provided for educational and informational purposes only. Use this information at your own risk. You MUST apply your own trading methods and your own opinions to an Angel Pair Pick to determine if a trade should be considered. Also, you do not need to trade all of the Angel Pair Pick pairs, nor should you. There's no need to place more than a few trades on any given day and our recommendation is when you get to 6 open positions, don't add any more trades until one of them is closed out.
Note: Forex, futures, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using Angel Pair Picks will generate profits or ensure freedom from losses.
