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Monday, July 13, 2009

GBPJPY trendline break

...price looks to be breaking out of the downward channel it's been in since July 1st. No trade placed here, but there's a s/r line further up which we will take long for about 50 pips.

One of my newsletter trades was stopped out early AM for a 150 pip loss (300) on two lots.

Never fun, but you just move on. The loss was slightly bigger than I would have liked making me think I should have skipped it. It was a solid idea however, so I think I did the right thing.

1 comment:

  1. Price did in fact break, & in the last half-hour has bounced off the top of the channel. This is a good sign sentiment is shifting more towards bullish, at least in the short term.

    ReplyDelete

Interesting ACM gadget