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Recent Recommended Trades
Tue, May 13 2008, 01:51 GMT
by AceTrader Team
AceTrader 1-wk TRIAL
www.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 1-week for $25 USDUpdate Time: 12 May 2008 14:58GMT
EUROPEAN CLOSING EUR/GBP OUTLOOK - +0.7910+
Euro's rebound after finding renewed buying at
0.7878 suggests pullback fm 0.7942 has 'possibly'
ended there n abv 0.7910 wud bring gain to 0.7920/
22, however, 0.7942/48 res area shud cap upside to-
day n yield retreat later.
Trade fm long side with stop now at break-even,
below wud bring stronger retrace. to 0.7873/78...
Rate: +0.7910+
Strategy: +Target met+
Position: Long at 0.7890
Objective: 0.7910
Stop-Loss:
Resistance: 0.7931/0.7942/0.7965
Support: 0.7878/0.7859/0.7821
***************************************************
Update Time: 12 May 2008 14:04GMT
INTRA-DAY EUR/USD OUTLOOK - +1.5485+
Euro's rise after finding renewed buying around
1.5430/35 has retained our bullishness n re-test of
1.5486/89 res is envisaged, however, abv there is
needed to extend the upmove fm last week's low at
1.5285 to 1.5510/15.
Continue trading fm long side with stop now as
indicated, below aborts n risks 1.5400/10...
Rate: +1.5485+
Strategy: +Target met+
Position: Long at 1.5450
Objective: 1.5485
Stop-Loss:
Resistance: 1.5489/1.5516/1.5566
Support: 1.5422/1.5392/1.5365
***************************************************
Update Time: 12 May 2008 13:41GMT
INTRA-DAY GBP/USD OUTLOOK - +1.9605+
Despite intra-day retreat fm 1.9605, as renewed
buying around 1.9545/50 has lifted cable, suggest-
ing upmove fm European morning low at 1.9441 has re
sumed n re-test of said res is seen, abv wud bring
retracement of recent erratic decline to 1.9620/23.
Hold long with stop now as indicated, below wud
abort n risk pullback to 1.9525/30...
Rate: +1.9605+
Strategy: +Target met+
Position: Long at 1.9570
Objective: +1.9605+
Stop-Loss:
Resistance: 1.9605/1.9623/1.9648
Support: 1.9544/1.9525/1.9498
More winning Trades ....
***************************************************
Published on Tue, May 13 2008, 01:59 GMT
Archive
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Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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