March 8th, 2009
By: Danelle
It's March 8th, 2009 and time for our Angel Pair Picks!
After scouring the charts, we think we only have one potential trade today. Normally we don't like trading on Sundays because they are much more unpredictable due to the weekend shutdown.
However, our trading methods indicate a potential short on USD/JPY.
For the USD/JPY, we are going to sell at market on two 1-lot orders. We are setting the stop loss close at 98.62, and the take profit at 97.25.
That's it for now. Let us know how YOUR trading is doing!
|
Pair
|
Order
|
Entry
|
Stop Loss
|
Take Profit
|
|---|---|---|---|---|
|
USD/JPY
|
Sell
|
Market
|
98.62
|
97.25
|
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.
