Pipcrawler's Forex Picks

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Tuesday, October 10, 2006

Forex Trade Signal – 12:46 am EST 10/10/06
  • Long GBP/USD at 1.8690, stop at 1.8670, pt1 at 1.8710, pt2 at 1.8740
  • Short GBP/USD at 1.8640, stop at 1.8660, pt1 at 1.8620, pt2 at 1.8600
Sorry for the late post. I was caught up in a reply to a fellow forum poster at www.forexfactory.com. They asked why I don't use a set system or indicators for my "Pick of the Day".. if ya'll are intersted in my answer, check out my post here.

I still like my longer term pick on my previous post. Looking at price action alone, it seems that the N. Korean Missle test was not enough to push USD/JPY higher in the asian session. We'll see what happens when the euro and US trading session opens. Until then, good luck and good trading!!! :)

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