Wed, Feb 25 2009, 23:01 GMT
by Anthony Samaha
ForexSurvivor | View company's profile
(26 Feb Asia) Latest Impact: The year of the “L shape!”
The ‘L’ shape confession of Fed Reserve B. Bernanke yesterday concludes that further economic meltdown would be on the radar, as L signifies a down spike with no bottom yet. He postponed the ‘V’ shape vision for year 2010 as one Senator insisted on knowing whether the US economy is shaped L or V.
The tumble of the pound today is not mysterious and further attacks on its fragile floors would be screened till next week. New Signal: Sell GBPUSD @ 14000; TP 15pips
Weekly Signal Résumé
20 Feb: New Signal: Long EURUSD @ 12720; TP 15pips (Target met late evening 20Feb)
13 Feb: New Signal: Long GBPAUD @22000; TP 55pips (target met 15 Feb)
10 Feb: Short EURUSD @ 12702; TP 15pips (target met 15 Feb)
Long GBPSGD @ 21890; TP 55pips: Feb 05 Mission Accomplished.
(Position working of 30 Jan: Buying AUDNZD @ 12600; TP 13200 is an ok trade as long as 12255 is not seen again.)… (Feb 03: Move stop to 12400); Feb 05: Move stop to Entry Level. Feb 09 – position stopped breakeve although 120pips were given.
GBPJPY closed breakeve (although 220pips have been made) as the rally did not last
15pips GBPUSD Mission Accomplished; Reminder: Short 15000 (Revise ForexSurvivor Weekly Weekend Newsletter 09 Jan 2009).
2 Positions GBPAUD closed this week (05-09 Jan) with 15pips each. No open position left.
Risk Certification
The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
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Published on Wed, Feb 25 2009, 23:03 GMT
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