2 Nice Winners, October 17th

Hello Forex traders,

I hope you had a profitable Monday.

We did with the LazyTrading.com software.

Both trades were medium in size. Both were historically very good for that day and both paid off quite nicely.

USD/CAD 11 Pip Winner
GBP/AUD 38 Pip Winner

Just a note if you don't have a broker that offers GBP/AUD look into http://www.SuperMiniForex.com they offer that pair and you can open an account for as little as $100 and even via Credit card.

Anyway so yesterday was a nice start to the week.

As far as today goes historically their are 2 good pairs to trade.

GBP/AUD
GBP/YEN

There is some news that will move the market at 8.30am Eastern with the PPI. And some smaller news at 9.15am Eastern. Tomorrow the 8.30am CPI should move the market as well.

As far as my NZD/USD trade (non lazytrading software just looking at charts) I am still in I didn't take the conservative approach and put in a break even stop. It didn't close above the .6620 area yesterday but looks like it will today. I have a stop in case of a spike so we will see. If I get lucky on the news or something and drive it back down to a close below .6620 I would still feel ok about it. But if it does close above .6620 and I haven't been stopped out at that time I will exit the position. It isn't that big of position as mentioned earlier and took it due to the nice profits in the GBP/AUD bear divergence last week.

Have a great trading day.
If you would like to discuss the LazyTrading.com Software you can chat with me on Yahoo messenger at bomsoftware

or email me at alleycatnews@alleycatnews.net and visit the site at http://www.LazyTrading.com

Thank you
Steve Hoven