BigPipN™ Trading UPDATE 22 AUG 2010

Aug 23rd
Monday

BigPipN™ UPDATE – 22 AUG 2010



EUR/USD


Still In My SHORT


08/11/2010   @ around the 1.3100 area.


No need to think about going LONG any time soon!


For Any Reason / Other Than A Solid Break Of  1.30585


If Something Changes, I Will Let You Know.




GBP/USD

Still In My SHORT


08/11/2010   @ around the 1.5800 area.


Watching This Pair Very Closely.  With A Tight Stop

USD/JPY


Still In My SHORT


06/21/2010   @ around the 91.00 area.




AUD/USD

Members Only



S&P 500

Members Only (knees And Toes)



COMPQX

Members Only



DJ-30

Members Only



RUT-X

Members Only




$ This Is Only A Partial Report $



$ Complete Report Sent On Sunday To Members $



NEVER CHASE PRICE! A NEW TRAIN IS JUST DOWN THE TRACK!



Protect Profits! Look For Overdone Areas!

Possible Entry’s Risk vs Reward.



I Love An Entry With A Tight Stop! Just On The Other Side Of A Big Barrier!



In Adversity Run Like A Jack Rabbit!



Keep Emotion Out Of The Picture!



If In doubt, Stay Away! Preserve & Protect Account!



This Is What I’m Doing!



You Need To Think For Yourself!



Happy Trading!

EMIT

Technicals
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4 Responses

  • Martin says:
    August 23, 2010 at 7:55 pm

    Still on board and making money!

    I haven’t made a trade in a week and I love making money doing nothing but letting my profits run! Better than day trading with all of the suckers! LOL

    Thank you again for helping me last week. You are the best!

    Martin C.

  • Ed says:
    August 23, 2010 at 9:08 pm

    thanks for the “short” tips.

    Ed in S.C.

  • Pat says:
    August 24, 2010 at 1:49 pm

    Three Great Trades!

    Why do people still day trade?

    Your methods are simple and make money!

  • Mark says:
    August 31, 2010 at 11:17 am

    Thank you Michael for your advice on the GBP/USD & EUR/USD! I have over 400 Pips on each Trade!

    Over 800 Pips in one month! Only on TWO Trades! You did it again!

    I adjusted my stop like you said. It sure beats day Trading with all the Sheep.

    Let it be known to all of the “Stressed Out Day Traders”, Michael Daley’s monthly subscription is better than any other service in the FOREX market. I have taken all sorts of Trading classes from some of the most well known Instructors and I never made any real money until I found Michael.

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Trading foreign exchange (FOREX) on margin carries a high level of risk, and may not be suitable for all investors or traders. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment and trading objectives, level of experience, risk appetite, and if you are mentally capable of handling the stress of trading! The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser and psychologist / psychotherapist if you have any doubts. Stay On A Demo Account Until You Have At Least 10,000 Hours Of Study!