Tuesday, October 18, 2005

Forex Trading 10/18/05

8:00 am- Analysis

Good morning everyone! Let's hope for a better day today. The Euro moved about 65 pips last night and has about 47 pips of "juice" left in it. The US PPI report comes out today so it might be even more. Remember to be patient and wait for a good signal and/or a breakout. I'll try to post throughout the day if I see anything. Happy Trading everyone.

Key Levels:

EU Session High: 1997
EU Session Low: 1932
Calculated Target 1: 1979
Calculated Target 2: 1885

I'm going to limit the amount of people for the live session to 10 and I think I already have 10 people saying they want to be in the live session. I'll come up with a list of people that said they were interested and post it later. I'm just going to take the first 10 people that said they were interested yesterday. If you don't already have it, download Yahoo messenger because that is what I'll be using for the trading session. Happy trading!

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