Recent Recommended Trades

Fri, May 16 2008, 04:41 GMT
by AceTrader Team

AceTrader


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 USD

***************************************************
Update Time:     15 May 2008 19:58GMT
INTRA-DAY AUD/USD OUTLOOK - +0.9415+

Aussie's present strg retreat after early rally
to 0.9420 suggests caution on our long n 0.9362
(prev. res, now sup) needs to hold for prospect of
a rebound but abv said res needed to extend intra-
day upmove fm 0.9291 to 0.9454.

Trade fm long side with stop as indicated,
break wud prolong choppy trading n risk 0.9340...

   Rate:     +0.9415+
   Strategy:     +Target met+
   Position:     Long at 0.9385
   Objective:     0.9415
   Stop-Loss:    
   Resistance:     0.9427/0.9454/0.9480
   Support:     0.9362/0.9340/0.9291

***************************************************
Update Time:     15 May 2008 04:47GMT
INTRA-DAY EUR/JPY CROSS OUTLOOK - +162.60+

Despite euro's intra-day retreat fm 162.80, cur-
rent rebound after holding abv indicated 162.10 sup
suggests as long as this lvl holds, consolidation
with upside bias remains but abv 162.80 is needed
to confirm upmove has resumed, 162.90 n 163.10.

Trade fm long side with stop below there, break
wud signal temp. top is made n risk 161.73...

   Rate:     +162.60+
   Strategy:     +Target met+
   Position:     Long at 162.25
   Objective:     162.60
   Stop-Loss:    
   Resistance:     162.90/163.10/163.55
   Support:     162.10/161.73/161.53

***************************************************
Update Time:     14 May 2008 21:19GMT
PRE-ASIAN OPENING USD/JPY OUTLOOK - 104.99

Dlr's o/n anticipated retreat after faltering
below y'day's high at 105.45 suggests consolidation
bias remains, however, a breach of 104.75/80 is
needed to confirm recent upmove fm 102.57 has made
a temp. top there n yield weakness to 104.57.

Wud be prudent to exit short n stand aside for
now. Abv 105.15/20 wud bring gain to 105.45...

   Rate:     104.99
   Strategy:     Exit short
   Position:     Short at 105.35
   Objective:    
   Stop-Loss:    
   Resistance:     105.45/105.70/106.00
   Support:     104.57/104.26/104.04

More winning Trades ....

***************************************************

Published on  Fri, May 16 2008, 05:51 GMT

Archive

Trendsetter Financial Markets Ltd.  | Room 1201, 12/F., Harcourt House, 39 Gloucester Road, Wanchai
http://www.AceTraderFX.com | cs@acetrader.com

Legal disclaimer and risk disclosure

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Interested in forex trading? forex brokerage firms!


Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
Ikon GM - Royal Division
Contact the broker/FDM
Open a demo account		GFS Forex & Futures
Contact the broker/FDM
Open a demo account		Interactive Brokers LLC
Contact the broker/FDM
Open a demo account

FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)

[Read Premium full description]


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

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.

©2008 "FXstreet.com. The Forex Market" All Rights Reserved.