Cashmechanics Forex BlogForex review

Update: 2/1/10 8:10PM EST I am removing this If Then OCO order No Trade this week

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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 Lows

 Technicals:

Momentum bias - looking for longs at 1.3825.  

Play of the Week:

I am looking to go long at: 1.3825 area. 

If filled, my protective stop is 1.3735

My profit target is 1.3965

Risk =  90 pips   Reward = 140 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: Closing position at 1.4075, 117 pip profit

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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. -  To consolidate with Bias skewed Lower   

EUR/USD

Technicals: 

Momentum bias - looking for shorts at 1.4192.

Play of the Week: 

I am looking to go short at 1.4192 area.  

 If filled, my protective stop is 1.4280

My profit target is 1.4060

 Risk =  88 pips   Reward = 132 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 

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Update: Limit has been reached 140 pips profit

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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 1.4387

Play of the Week:

I am looking to go short at 1.4387 area. 

If filled, my protective stop is 1.4477

My profit target is 1.4247

Risk =  90 pips   Reward = 140 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 trade was emailed on 1/10/10 at around 6:30pm. It never got filled. Price went to the 1.4523 target in less than 24 hours. I have removed my entry order.  This trade idea is no longer in play.

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 – Looking for continued upside momentum resulting from NFP.

Technicals:

Momentum bias – Looking for longs at 1.4373.

Play of the Week:

I am looking to go long at the 1.4373 area.

If filled, my protective stop is 1.4293

My profit target is 1.4523

Risk = 80  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 trade was stopped out for -90.

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 1.4364.

Play of the Week:

I am looking to go short at: 1.4364 area. 

If filled, my protective stop is 1.4454

My profit target is 1.4214

Risk =  90 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