Cashmechanics Forex BlogForex review

3/31/10 7:10AM UPDATE: Moving Stop Loss to 1.3511 break even +1

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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 rangebound with bias skewed lower

Technicals:

Momentum bias - looking for shorts at 1.3512.

Play of the Week:

I am looking to go short at: 1.3512 area. 

If filled, my protective stop is 1.3602

My profit target is 1.3362

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

3/23/10 9:50PM UPDATE: Removing IF THEN  Order missed entry by 1 Pip

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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 1.3570.  

Play of the Week:

I am looking to go short at: 1.3570 area. 

If filled, my protective stop is 1.3661

My profit target is 1.3440

Risk =  91 pips   Reward = 130 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

3/19/10 Upddate: Stopped out 93 pip loss

3/16/10 12:58PM UPDATE:  Moving profit target to 1.3854

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 higher

Technicals:

Momentum bias - looking for longs at 1.3724.

Play of the Week:

I am looking to go long at: 1.3724 area. 

If filled, my protective stop is 1.3631

My profit target is 1.3877

Risk = 93   pips   Reward = 153 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

3/11/10 7:00PM UPDATE: Moving Take profit to 1.3702

3/10/10 7:10PM EST UPDATE: Moving Stop Loss Order to break Even +1  at 1.3604

3/9/10  8:30PM EST UPDATE: Moving Take Profit down 10 pips to 1.3730

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 rangebound with bias skewed higher

Technicals:

Momentum bias - looking for longs at 1.3603.  

Play of the Week:

I am looking to go long at: 1.3603 area. 

If filled, my protective stop is 1.3515

My profit target is 1.3740

Risk =  88 pips   Reward = 137 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