Hello Traders,

Today was another day filled with some nice moves. In this Forex Room Recap, I will discuss the AUD/JPY and the AUD/USD. These trades we had been holding overnight looking for our specific targets, that we took in the Forex Room. We also had a great trade on the S & P Futures. This trade I wrote about a few days earlier when we started out short position. We ended up taking +33 points on the S & P 500 Future short. Here is the article when I went short that I published a few days ago.  In our Forex Day Trading Room Today as we normally do today, we began the session going over the important levels on our key Forex Pairs. With OIL down over 1% and the S & P hitting new lows we decided to stick with our Commodity pair trades. Our key areas were noted as we grabbed +22 pips on our scalp trade, and over +130 Pips on our Swing AUD trades.

As a Forex Trader Trading full time for a living you must always be ready for an opportunity since you never know when it will come. The main thing that allows us to continue day in and day out making pips, is one of the simplest and most important strategy and that is MONEY MANAGEMENT!

Here is a video to help you show a very simple and easy trend line exit. This was not the only criteria that allowed me to exit on my aud/jpy trade but was one factor. If you would like to get 50% off our trading room price see our Holiday Special, this offer is good until 12/29/2012.

Regards,

Gerard (BT)