November 9th, 2008
By: Ashley
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It's November 9th, 2008 and time for our Angel Pair Picks!
We have indications of two trades today.
Our trading methods indicate potential longs on the EUR/USD, and USD/CAD.
For the EUR/USD pair, we are placing two, 1-lot trades going long on a buy stop. The entry price is 1.2852 with an initial stop loss of 1.2650. On the first lot, we are placing a Take Profit order at 1.2963, and letting the second lot ride to capture as much of the move as possible.
As for the USD/CAD pair, we again placed two, 1-lot trades on a buy stop. The entry price is 1.2025 with an initial stop loss of 1.1667. On the first lot, we placed a Take Profit order at 1.2189, and we are again going to let the second lot ride with a trailing stop.
Check back tomorrow to see how our picks make out! And let us know how YOUR trading is doing!
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.
