Today’s Trade Result: +140 pips
October 2011: +965.5 pips (TR = 790.5 / NT = 175)
September 2011: +289.5 pips
TR = Traderoom Recommendations
NT = News Trading
Let’s take a look at some of the news events that took place over the opening of the Asian and European sessions, must notably the Japanese intervention, as we start the US trading session today October 31, 2011.
We’ll focus on relevant news, public comments, and any high impact releases that are shaping the overall market today, or in other words, considering the context of the market. Then we will look at the official trade recommendations issued yesterday and calculate profit/loss results. Then we’ll move forward with today’s analysis for all 7 major pairs plus any other pairs that are worth mentioning, and we will end the daily analysis with trade recommendations.