Tuesday, 19 January 2010

Tuesday Wrap Up


Thank you to the reader who pointed out that today's move at 9:30 was triggered by UK CPI which I had stated was released on Monday. Once again, we see that some breakout moves can be sudden and require very swift typing if you are to get all of your orders placed in time. For this reason, its a good idea at the start of our trading session, to place limit orders based on the Signal Levels posted at 09:00 GMT.

Assuming you managed to place all the orders signalled, you made a tidy 62 pip profit. Whatever profits you managed to grab today, the news is good - currencies have finally started to move in firmer trends and we should be able to take advantage of this over the rest of the week.