Monday, February 16, 2009

Forex Trend Alerts: 02/17/09

Currency ---- Trend ---- Position ---- Stop ---- Comments

The market is in a pretty lackluster trading yesterday due to US market holiday, all positions remain unchanged.

Please refer to the previous day signals.


  1. Hi Michael,
    What's happe4ning with Audusd? Knock out at 4620.

  2. Hi Newbie1,

    Yes, we were stopped out at 6420. Now our system
    reversed to Short with stop at 6670. Fundamentally, the dollar is getting stronger at this moment.

    Bear in mind, to trade with a system needs persistency and patience, you won't get all signals right. Sometimes you might get some whipsaws (false signals), losing some money. (That's why Money Management is very critical in Forex trading to preserve your capital while commiting the wrong trades.)

    However, once you're on the right trend, just let your profits run until the trend reverses again.

    Have a good trading day!



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