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Wednesday, October 25, 2006

Forex Trade Review - 10/24/06

Long trade triggered:

Lot 1: -20 pips
Lot 2: -20 pips
Total: -40 pips

We're just not seeing the volatility and breakouts that we saw in September that makes these signals work pretty well. Uncertainty in the markets has created this environment and hopefully traders will find clarity after the US interest rate statement tomorrow.


No signals tonight. Because of the FOMC interest rate statement tomorrow we probably won't see the volatility we need for this signal system to work. I may post a trade idea for the FOMC interest statement if a good looking opportunity comes up. Keep an eye for an email update between 12:00 pm EST and 2:00 pm EST if i do.

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Currency trading involves substantial risk of loss, and thus is not suitable for all investors. You should carefully consider your financial situation before opening a trading account, and only risk capital should be used when trading in these markets. In addition, we recommend you consult your financial advisor to help you determine if currency trading is appropriate for you. Pipcrawler does not provide personal trading advice, and nothing contained in this web site should be construed as personalized trading advice. Although Pipcrawler obtains his information from sources that it deems reliable, no warranty can be given as to the accuracy or the completeness of any of the information provided or as to the results obtained by those using such information. While we believe the information contained herein is accurate, Pipcrawler or his affiliates cannot be held responsible for the accuracy of the information, the timeliness of the transmissions, errors or omissions in the transmission of such information. Any reliance on the information contained within this website in making investment decisions is solely at the risk of the user, and each user shall be solely responsible for any and all losses resulting from such investments. In no event shall Pipcrawler be liable for any direct, indirect, actual, special or consequential damage or losses resulting from the use of the information provided herein.