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Wednesday, March 18, 2009

Mar 18/09 Long EURUSD (2)

Recommended FOREX Trade:
Buy EURUSD with CTGFutures Nested Trading Systems.
GBPUSD - CTGFutures Nested Trading Systems

In the upper chart (150 Tick) note the system is in Buy or Long mode. We then trade Buy/Long signals only on the 10 Tick chart below. Today the Fed announced that it was buying 300 Billion worth of US Treasuries - effectively "printing money" - which caused the US$ to fall hard. As a result our systems had a field day buying/profit taking and buying again for some very nice profits.
Total Gain for the Day = 189 PIPS! Not your average Day. This position was forecast in CTGFutures Weekly Trade Plan for March 16, 2009. You can download the PDF File for free.

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