Thursday, June 30, 2005

New Daily Forex Strategy

Focussed information rather than superfluous price data is critical in the world of financial trading. Understand this, I have recently developed a unique forex trading system used for finding trading opportunities through the fusion of technical information from a range of data processing methods.

My system scans the market on end of day basis and subsequently ranks, sorts and analyses all popular currency pairs. As a result, I enter long and short based on the calculated advanced index for each pair. The trading time frame will be 1 to 3 days.

The recommended positions based on 29-June report are as follows:
Long on EUR/JPY at 133.29
Long on USD/JPY at 110.47
Short on GBP/USD at 1.8044
Short on AUS/USD at 0.7616

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