March 4th, 2009
By: Ashley
It's March 4th, 2009 and time for our Angel Pair Picks!
Only one trade is indicated today. Our trading methods indicate a potential short on EUR/USD.
The EUR/USD shot up yesterday, and now it looks like it will give back some of its gain. We are placing our standard two 1-lot orders, selling on a stop at 1.2611. Our initial stop loss is 1.2708 with a profit target at 1.2503.
That's it for now. Let us know how YOUR trading is doing!
|
Pair
|
Order
|
Entry
|
Stop Loss
|
Take Profit
|
|---|---|---|---|---|
| EUR/USD | Sell Stop | 1.2611 | 1.2708 | 1.2503 |
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.
