My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

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Wednesday, March 24, 2010

GBPUSD Confusing Trend - Trapped in Whipsaw [UPDATED]


As what I fear yesterday had happened. It failed to break the channel and bounced hard. Furthermore during London open today it breaks the support channel. I'm still anticipating a near term bounce on the support again. My long position is floating -80 pips already. I shall exit this trade if it confirms breaking the next support channel.

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