Trading in Black and White Forex Trading Newsletter - 08/06/2006

Trading in Black and White Forex Trading Newsletter - 08/06/2006

It seems, however, as many of you are not getting all of our newspapers. This, of course, no problem. We have been in contact with our list management company, and they say the worst of it should be done.

However, if you do not receive a newsletter for a night or two, let us know so we can get you up to date.

We try our best to make these newsletters independent of each other, so if you miss one night, it will not return your trading either.

Also, since trading is very repetitive and simple skill. We tend to discuss the same basic problems in many different newspapers.

We make every effort not to reference older bulletin just in case you do not have. We believe that you can really teach, must be exposed to what we are trying to share with you over and over again.

That being said, we saw some great response to "Trading in Black and White Forex Trading Contest. Many of you have already registered, but there are still a few of you are.

Do not make me come over there ... ha ha. We know that some of you never received any information, because our list problems. So, we'll resend the info again in the next few days.

For those of you who have acquired it already, please forgive us for the extra email. For those of you who are not, it's time to get excited. Entering the awards are great, and winning awards.

OK, so let's get to trading tonight.

Last night I set up Facebook for some good trading, though, I confess, I missed my post in less than 10 pips. For those of you who were nice enough to let me know about you GREAT trades last night, thank you. This further proves what we are trying to tell you.

You of us can run on any given night, week, month or year once you have developed your own trading style.

We want "testimonial" style email from you all. Tell us how great you are doing by reading our newsletter.

So, tonight, there are several levels of support and resistance, which stand out.

From the support side - 1.8520, 1.8440 (Note the large gap between the levels)

The resistance from - 1.8600, 1.8640, 1.8680

Do not forget to watch the price action of these different levels, for a good entry point.

Just to point out an interesting opportunity ... look at the large gap (80 pips) between levels of support we've mentioned. This gap can lead to good trading opportunity.

Many of our traders are trying to go short on a breakout below 1.8529 and ride that wave mid 1.8400 's.

A night like tonight is a great example of how there are different ways to find good trading opportunities. Some of our traders are waiting to bounce up to get short of what they should be considered "safe" level.

While others have been long from 1.8550 and is looking for a bounce close to his craft. Some also will be going short when they close their trades, while others will not.

Even still, some of them are looking to go short breakout of 1.8529.

All these strategies are valid, and potentially profitable. It's just a matter of your level of comfort, aggression, discipline and trading styles that will determine which trade or craft make the most sense for you.

So, there is a great night and good trading.

We believe that these support and resistance levels using a set of technical indicators and other variables that were found to be very successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Each merchant will have a different combination of indicators that makes the most sense for them. Learn how to develop your own successful Forex Trading style with this elite Forex Trading Course.