Good morning traders.  Monday is always an interesting session for the Forex as you just never really know what to expect.  Today proved to be a day of weakness of all the pairs we were monitoring and we only really had 1 opportunity to take advantage of the selling.   We patiently waited for a set-up and were rewarded at 3:09am exchange time with an entry 1.3198.   The EURUSD started to push lower and actually hit our 1.5x target, we followed our disciplined trade management plan moving our stop to slightly positive to cover the spread.  We were then taken out for a breakeven trade as the pair bounced back slightly from 1.3171.  Finishing the trade with +6pips.

That was our last trade for the session and we will return tomorrow to tackle the early Forex session.  Traders please check out our FX Swing trading link which details a very impressive run on our swing trading set-ups. 

Also we are running our live weekly training sessions that we are opening to all traders.  If you would like to attend this weeks session please send me an email at Shane@netpicks.com.

This weeks session will cover:

• Trade preparation;
• Visualisation;
• training - simple 2.0

 Cheers

Shane

This entry was posted on Tuesday, March 31st, 2009 at 4:38 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.