FOREX TRADE ALERT and FOREX MARKET OUTLOOK

for GBP/USD, EUR/USD, USD/CAD.

FOREX TRADIN SYSTEM #7

USD/CAD.
Produced: Monday, December 08, 2008.

08-Dec-2008 o:1.274 h:1.2752 L:1.2448 c:1.2508 [-.0203]

Place a buy stop to buy 1 unit if price rises to 1.3008.
Green Line Long Exit Strategy: Close all long positions on close if price falls to 1.2477.
Place a sell stop to sell 1 unit if price falls to 1.2124.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 1.2448

USD/CHF.
Produced: Monday, December 08, 2008.

08-Dec-2008 o:1.2204 h:1.2233 L:1.2016 c:1.205 [-.0152]

(No Long orders.)
Opposite Direction Long Exit Strategy: Close all long positions if price falls to 1.2015.
Place a sell stop to sell 1 unit if price falls to 1.1923.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 1.2016

EUR/USD.
Produced: Monday, December 08, 2008.

08-Dec-2008 o:1.2722 h:1.2967 L:1.2719 c:1.2936 [+.0221]

Place a buy stop to buy 1 unit if price rises to 1.3081.
Red Line Long Exit Strategy: Close all long positions on close if close is 1.2752 or lower.
Place a sell stop to sell 2 units if price falls to 1.2548.
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 1.2968.

GBP/USD
Produced: Monday, December 08, 2008.

08-Dec-2008 o:1.4723 h:1.5047 L:1.4679 c:1.489 [+.0206]

Place a buy stop to buy 1 unit if price rises to 1.5534.
Place a sell stop to sell 2 units if price falls to 1.4464.
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 1.5048.

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Important Notice

When trading it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 – 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.

Remember: NEWS OVERRIDES TECHNICAL ANALYSES !!!!!

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Tags: euro currency, currency translator, african currency, foreign exchange, currency exchange, forex trading strategy, new zealand currency

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