Cashmechanics Forex BlogForex review

Update: Closing full position at 1.4400, 128 pip profit at 7:25 Am EST

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 Play of the Week

Be sure to check out the Cashmechanics.com website for updates. On the Home page, look under “What’s New”, Play of the Week.

 EUR/USD -  To rebound from the Lows

Technicals:

Momentum bias - looking for longs at 1.4272.

Play of the Week:

I am looking to go long at: 1.4272 area. 

If filled, my protective stop is 1.4183

My profit target is 1.4422

Risk =  89 pips   Reward = 150 pips

 (disclaimer: this trade is for educational purposes only and is NOT in any way trading advice.  There is extremely high risk in currency trading.  Please consult your financial professional before considering this type of risk) 

 Best regards,

Pat Arcadipane

Chief Executive Manager

Cashmechanics.com

Update: This Morning 12/15/09 we were filled at 1.4505 take profit on our position 149 Pip Profit 

Cashmechanics.com^tm

Get cash back when you trade.  CLICK HERE

Play of the Week

Be sure to check out the Cashmechanics.com website for updates. On the Home page, look under “What’s New”, Play of the Week.

EUR/USD -  To consolidate with bias skewed lower. 

Play of the Week:

I am looking to go short at: 1.4654 area. 

If filled, my protective stop is 1.4744

My profit target is 1.4505

Risk =  90 pips   Reward = 149 pips

(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice.  There is extremely high risk in currency trading.  Please consult your financial professional before considering this type of risk) 

 Best regards,

Pat Arcadipane

Chief Executive Manager

Cashmechanics.com

Update: Removing If the OCO order, missed the trade by 6 pips No Trade

Cashmechanics.com^tm

Get cash back when you trade.  CLICK HERE

Play of the Week

Be sure to check out the Cashmechanics.com website for updates. On the Home page, look under “What’s New”, Play of the Week.

EUR/USD -  To consolidate with bias skewed lower.

Technicals:

Momentum bias - looking for shorts at 1.4910.

Play of the Week:

I am looking to go short at: 1.4910 area. 

If filled, my protective stop is 1.5000

My profit target is 1.4765

Risk =  90 pips   Reward = 145 pips

(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice.  There is extremely high risk in currency trading.  Please consult your financial professional before considering this type of risk) 

Best regards,

Pat Arcadipane

Chief Executive Manager

Cashmechanics.com