Cashmechanics Forex BlogForex review

Update 4/26/10 9:05PM EST Closing Position at 1.3382 +4 pips

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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 consolidate with bias skewed lower

Technicals:

Momentum bias – looking for shorts at 1.3386.

Play of the Week:

I am looking to go short at: 1.3386 area.

If filled, my protective stop is 1.3475

My profit target is 1.3255

Risk = 89 pips Reward = 131 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: 4/20/2010        1:34 PM   Moving Stop-Loss order to breakeven +1. New stop price 1.3514.

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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 1.3515.

Play of the Week:

I am looking to go short at: 1.3515 area.

If filled, my protective stop is 1.3600

My profit target is 1.3385

Risk = 85 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

No trade due to a Massive Gap higher

Pat

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 1.3452.  

Play of the Week:

I am looking to go long at: 1.3452 area. 

If filled, my protective stop is 1.3370

My profit target is 1.3582

Risk =  82 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