Aidy's Daily Forex Trade Forecast

Hi Everyone,

I am going to post a daily outlook of trades that I will be trading for that day and pairs that you might want to stay away from, so below are my trades for today.

Trades for Tuesday 23rd October

AUDUSD – Our Position is NOT TRADING
EURGBP – Our Position is LONG - Trades above 0.8167
EURJPY – Our Position is LONG - Trades above 104.52
EURUSD – Our Position is NOT TRADING
GBPUSD – Our Position is NOT TRADING
USDCAD – Our Position is LONG - Trades above 0.9935
USDCHF – Our Position is NOT TRADING
USDJPY – Our Position is LONG - Trades above 80.06

Do you have a recommended SL level? 30 pips? TP?

I take a SL of 30-50pips (usually 30pips) and no TP. Trades are closed after 24 hours of the trade being placed or the stop loss modified if the pair is still trading in the same direction.

Analysis for Wednesday 24th October
Technical Analysis valid until 2012.10.25 07:21GMT

AUDUSD - Our Position is NOT TRADING
EURGBP - Our Position is NOT TRADING
EURJPY - Our Position is NOT TRADING
EURUSD - Our Position is NOT TRADING
GBPUSD - Our Position is SHORT - Trades below 1.5929
USDCAD - Our Position is NOT TRADING
USDCHF - Our Position is NOT TRADING
USDJPY - Our Position is LONG - Trades above 79.97

Analysis for Thursday 25th October
Technical Analysis valid until 2012.10.26 07:10GMT

EURGBP - Our Position is LONG - Trades above 0.8147
EURJPY - Our Position is LONG - Trades above 104.39
USDJPY - Our Position is LONG - Trades above 80.16