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Wednesday, October 28, 2009

Cheap Trick

This week has been 'ugh.'

I don't feel so bad, as it seems from word on the street it's not so easy whether one is dollar bearish or bullish.

The precipitous drop in AUDUSD has led me to get in long at .9000

It's a nice round number and a fairly decent correction from the recent rally. If the H4 ascending trendline holds between .8900 & .8940 we'll be good.

Stop at .8899

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