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Get The Trading Performance and Cash Management Excel Spreadsheet (RRP. $275.00)
The Trading Performance and Cash Management Excel Spreadsheet is designed to encourage new traders to monitor their demo or real accounts so they can assess their trading strategies.
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what is the best strategy to enter a contest
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Exit long
In case anyone has been following this thread, I was stopped out, but I made a re-entry at the same spot as the previous trade. Why? It usually takes a few trades before the next one works. Picking bottom is not easy but a few times is usually helpful if you can withstand the small losses before the big winner comes around.
Long GBPUSD @ 1.9692
prices at 78.6% retrace and monthly S1, better reasons than any, plus the last low was exactly at this area.
Possible long entry from this support here
78.6% plus a major support at this area. I'll watch for a bounce and take a long entry near here.
Week in review
The expected end of the correction just became an extended correction. I think that caught quite a few traders off guard, including myself. But the retest of the recent bottom will be carefully watched this week.
2007-06-04
Last Friday's report look like it gave a positive (bad news for USD of course) for EURUSD bulls. The GBPUSD and EURUSD moved off from their respective support. The pullback might be over and the trend may now be resuming. Watch for pullbacks to go long on smaller timeframes.
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FX Technical Weekly 07-30
Formation of a US Dollar low is proving elusive. It is best to stand aside and wait for the bottoming scenario to play out.
Currency Crosses: Technical Outlook 07/30
The Euro crosses are mixed while the Yen crosses show signs of topping.
Euro Top May be in Place
The EURUSD is vulnerable. Dropping below the short term channel (wave v of C) would suggest that a top is in place.