Forex Trend Alerts: 04/22/09

EUR/USD:

Short at 13150 (04/17) L/Closing: 12936 Floating: +214 pips

Hold Short with stop on close at 13220

GBP/USD:

Short at 14750 (04/20) L/Closing: 14664 Floating: +86 pips

Hold Short with 14830 stop

AUD/USD:

Short at 7000 (04/21) L/Closing: 7063 Floating: -63 pips

Hold Short with closing stop at 7280

USD/JPY:

Short at 9800 (04/21) L/Closing: 9852 Floating: -52 pips

Hold Short with closing stop at 10040

USD/CHF:

Long at 11500 (04/17) L/Closing: 11677 Floating: +177

Hold Long with closing stop at 11440


Golden Words for Traders:

"Trading forex successfully requires you follow certain rules. Ignoring the rules will cause you trouble when you are trading. You will be driven by your emotions and wil be caught up in chasing the market, changing your mind, and breaking every rule in trying to save yourself. Never get yourself caught in such position."