FRIDAY, FEBRUARY 3RD 2012 -
Today is another Friday, but the first Friday of the Month, when the great deal occurs for those who know how to exploit it.
Forex traders are advised to go on scalping till 30 minutes before the out come of Non Farm Pay Roll release. All trades must be closed by this time; as the trend may go contrary to predictions.
As usual, we hardly take trades on Fridays, for reasons best known to us.
Having indicated that; this Forex Signal, is for those who are keen and taking trades now.
Forex traders are to go LONG for now:
STOP LOSS @....1.313
@ stage I, TAKE PROFIT: 1.3160………scalping trading
@ stage II, TAKE PROFIT: 1.3166………normal trading
@ stage III, TAKE PROFIT 1.3182………advance Trading
@ stage iv , TAKE PROFIT: 1.3208........aggressive trading
In response to correspondence received form majority of our subscribers, we need to explain that the STAGE I to IV are the trades you can take; If you take stage 1, you may not take stage II except you have enough funds in your account.
We need to explain further that those taking “advance trading” may increase their stop loss by 5 pips, if they so desire. For example, if stop loss is fixed for 1.4250 when “buying”, it may be adjusted to 1.4245 and when selling, it will become 1.4255; and, when you wish to take the advance trade on buying, the stop loss will become 1.4245, while “selling” stop loss may be adjusted to 1.4255. The same way the aggressive traders may increase their stop loss as well either way. But we have peg the stop as at above to safe your funds in case the market does not favor.
We observed that most stop loss predicted do not allow us to get up to 100 pips in a single trade, the purpose of limited stop loss is to ensure you have a good fund management at all times. If you are using 0.10 as your lots/volume or size, you may increase your lots from 0.10 provided there is enough funds in your account from 0.10 to 0.50. And if you are using 1.00, you are free to increase the lots to 5.00; It is pertinent to warn that, this size increment depends on fund to take a single trade and multiplying it by 5. If you have limited funds, go for stage 1 only, which gives you 20 pips and multiply it by 5, by changing size/volume/lots as described above and place your trade, The resultant will give you 100 pips profits when it hits the targeted value. This is sure way to hit 100 pips on time and get out of trade immediately. Mind you, if the trade goes the other way, you loose 100 pips cost as well. So be mindful of this paragraph. IN OTHER WORDS,YOU MAY GO FOR STAGE I ONLY, TO BE ON SAFER SIDE; YOU MAY MULTIPLY BY 5 BY INCREASING YOUR LOT/VOLUME/SIZE BY 5, IF YOU HAVE ENOUGH FUNDS. Use your discretion
Other signals on any other major currencies are available to our subscribers.
It is not mandatory that you place ALL THE STAGES OF TRADES STATED ABOVE at the same time, just pick one and place your trade. Assuming, you did not meet the market at figures stated above, We have advised that; at any point you meet the market, place a trade or two, you still make profit, no matter how. Just make sure you do not forget to place STOP LOSS, this is very paramount.
Other signals on JPY/USD, USD/CHF, EUR/JPY, and GBP/USD are available to THOSE WHO SUBSCRIBED, through “RUSH ME THE FOREX SIGNALS” box!
I wish you successful trades.
We appreciate your patronage and understanding.
PSS” Local Time of Publication : 9.58 GMT
Market Watch @ www.fxopen.com :09.58 hours
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