February 25th, 2009
By: Lisa
We have several indications of trades today. Our trading methods indicate a potential short on USD/CHF. Also, there are indications of potential longs on the GBP/USD and EUR/USD.
For the USD/CHF pair, we are placing two 1-lot orders to sell on a stop at 1.1680. We are setting the initial stop loss at 1.1770 with a take profit on one lot at 1.1576. Also, to be on the safe side, we are going to add a 35 pip trailing stop to both lots.
As for the GBP/USD, we again placed an order for 2 lots on a buy stop at 1.4263 with an initial stop loss at 1.4153. Our take profit is set at 1.4368 and again we are placing a 35 pip trailing stop on both lots.
Finally, for the EUR/USD pair, we placed two 1-lot buy stop orders at 1.2750 with stop losses set at 1.2660. A take profit was set for the first lot at 1.2852, but we again trailed a stop on both lots at 35 pips.
Check back tomorrow to see how our picks make out! Let us know how YOUR trading is doing!
|
Pair
|
Order
|
Entry
|
Stop Loss
|
Take Profit
|
|---|---|---|---|---|
| EUR/USD | Buy Stop | 1.2750 | 1.2660 | 1.4368 (t/s 35 pips) |
| GBP/USD | Buy Stop | 1.4263 | 1.4153 | 1.4368 (t/s 35 pips) |
|
USD/JPY
|
None
|
|
|
|
|
AUD/USD
|
None
|
|
|
|
| USD/CAD | None | |||
| USD/CHF | Sell Stop | 1.1680 | 1.1770 | 1.1576 (t/s 35 pips) |
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.
