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FXLR - Live Room Summary - Wed 27 Jan 2010

Fairly active today, but were very unlucky with the last Cable and GBP/JPY trades. Both trades were stopped out exactly on the stop and then moved into profit. Cable by +11 pips and GBP/JPY by +25 pips. Few stayed in with a slightly larger stop and took trades at breakeven or small profit. The ideas pointed in room were taken by some members, who did well with them. Total: -33 pips on the day.

Actual trades called and taken in Live Room:
 
1.  EUR/USD: short, flag @ 1.4027 (-25).
2.  EUR/USD: short, flag @ 1.4052 (+18, +16).
3.  AUD/USD: short, flag @ 0.8973 (+11, +9).
4.  GBP/USD: short, momentum @ 1.6212 (+15, +15).
5.  GBP/USD: short, flag @ 1.6186 (-25).
6.  GBP/JPY: short, flag @ 144.68 (-25).

Trade Ideas pointed out in Room, taken by members:
 
1.  GBP/USD: long, flag @ 1.6179, moved to 1,6244.
2.  GBP/JPY: long, flag @ 144.65, moved to 145.55.
3.  USD/CAD: short, momentum @ 1.0643, moved to 1.0608.

We should have just stayed with the ideas pointed out - some good winners!
 
Happy Trading
FXLR Team