November 4, 2010

Live forex updates

Hi Traders!

Gbp/Usd reached my target at the 1.6200 level and broke
the resistance there.

Remember that the trend here is long and we could not wildness
any bounce or retracement at 1.6200. This makes me very happy.
My last position is with over 450 pips in profit now and as
long as the price stays above 1.6100, the trade is save.

My new target is now 1.6370/1.6470. Wish me luck!

The Eur/usd is flying too and reached today 1.4270. A bounce
of this level could result in a retracement to 1.4070/1.4100.
The main trend is long, so be careful with intraday shorts
here. Next heavy resistance: 1.4330-1.4550.

Only a clear break of 1.3700 could result into longer term
shorts.

I would like to thank and to congratulate all of my members
and my team for their patience and will power to stay in the
trades and keep their positions for much longer as they were
used to in past.

Swing trading positions can be relaxing and unbelievably
profitable, as long as you know what you are doing of course.

Another thanks you to Jeff Wilde for believing and supporting
us in what we do.

Keep in mind everybody…Profitable trading is only a decision
away. You just have to decide that you really want this and
you are on the path to unlimited success.

Have a nice day and happy & healthy trading

Nikos Mermigas

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