1 minute with ForexSurvivor

 

 

 

(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. ****

 

Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.