Forex Trades - Live Room - Friday 23rd May

Good morning all…

Fantastic positive room today. EURUSD, USDCHF and Cable fizzled out but no harm done but many of the MBC and you capitalized on the CRUDE, GOLD and EURJPY which is great to hear.

Remember this is only the 1st week and the progression of the group is the main thing. Don’t worry if you havent traded these, there are plenty more opportunities out there which we as a group will trade.

EURJPY broke below the 163.5o level perfectly for an entry..I know a few of you jumped in at 60/65 which is fine as you were very confident in the pullback towards the 200ma. Some of you took profit on the support level for 40 point profit and others decided to run it like Gareth for 100 point profit…Well done to you all. This is all down to money management and the main thing is we all evealuated the risk and traded your own book.

GOLD was agreat long and 3 MBC traders alerted there long position around the 920.50/921.50 and took a solid 30/40 pips on this trade back to the 15min 50ma..

Crude was again alerted after yesterdays large fall of 500 pips for a bounce from 131.30…  We are now 100 pips up in this and watching…if you like it for a long play look at the longer term charts.

Great work to you all..

Speak on tuesday.

dan