Pipcrawler's Forex Picks

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Wednesday, November 01, 2006

I apologize for the lack of signals this week. I feel that the signal won't be effective as we have seen a major run in GBP/USD which means we will probably see consolidation - especially before the NFP report on Friday.

To make it up to everyone, I do have a longer term trade idea in the works based on the extended USD sell off we've seen in the past couple of weeks. I should have this posted up tonight or tomorrow night, and I will send out an email as well.

As for signals, I won't have any until Friday morning before the Euro trading session to get ready for the Non-Farm Payroll report.

Until then, please check out my "Daily Picks" at BabyPips.com

On a side note - BabyPips.com v.2 is almost ready!!! Please sign up on the email list at http://www.babypips.com to be alerted when it's released!

Take care everyone, good luck and good trading!

Forex Trade Review - 10/27/06

Long trade triggered:

Lot 1: +20 pips
Lot 2: +55pips
Total: +75 pips

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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.