Friday, March 09, 2007

Bi-Monthly Free Trade of 55 pips. Enjoy EURCAD Trade, & Trade it Live.

BI-MONTHLY FREE TRADE of 55 pips

Trade it Live

As illustrated in my last newsletter, once we are done with GBPUSD Mandatory Path Trade of 15 pips, I would signal the next Bi-Monthly free trade of 55 pips. And below is my new signal.


- Currency: EURCAD.
- Trade Objective: Counter-Trend follower if short, or Fibo correction if Long.
- Chart: 4 Hr.

- Trade Volatility: medium to high.
- Trade Duration: min 2 Hr, max 8 days.
- Worse Case Scenario: email
support@forexsurvivor.com in case we are stuck
with the trade, where probability is 3.5%.
- Pair Spread consideration: Enter the trade whenever bid or ask screens the
entry level, and set target exactly as per se below.
- Any update to be wired at NonySqueakNews by visiting
http://www.forexsurvivor.com/

LONG 15203 targeting 15258, or SHORT 15558 targeting 15503


Numerically speaking, you might wonder why 03 is common between 15203 & 15503.
Enjoy eurcad trade.





Oldies Kryptonite





ü Tread Carefully: GBPCHF: 24900 should be screened within less than 12 days. That view has not changed but it would be delayed due to the sell off in equities and FTSE, where we should be waiting for Long Term Traders to reposition themselves (24100 should be temporary holding the ups where an avowed exit is an intent).

ü Euro has not met yet 13025 which is a good target – shall I blame the sell-off in equities as a delay in meeting 13025/60? It is on the way, but might chop toppily first with a new weekly high.

ü GBPUSD Mandatory Trade of 15 pips went short at 19388 targeting 19373. Mission Completed.
Pound trade Enjoyed.





Anthony Samaha
Trading Engineer


*** The Potential Flows of Trading Information constitute my judgment and are not trading recommendations. ***

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