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Even when you are right, you can be wrong ...

levaz Posted 15 July
The title basically defines Forex trading. And that is what happened to our GBPUSD trade. We reduced the Stoploss to preserve some working capital for the next week. And our trade would now have closed with a 130+ pips profit.
That is the luck of the draw. Anyway, the beauty of Froex is that there is always next time, as long as your preserve some capital to make a comeback.
Looks like this month will be quite a challenge for us to make it into the prize list, but that does nto mean we have give…
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This is what trading is about ...

levaz Posted 13 July
An error of judgement lead to reduction of the stop loss position in the GBPUSD trade. We felt that we could gain a better entry point when (if) Cable pushed higher, however the false breakout that stopped out the trade was the peak . Fortunately, we did recover some of the losses via a nicely timed USDJPY short and a subsequent GBPUSD short,.
Looks like a good setup coming up for a GBPJPY short - take a look at the 4HR charts.
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Another good start for the week

levaz Posted 11 July  in #Trader's blog
The initial (4) trades for the week played out very well.
We should have been a little more patient with our main trade for this week, the EURAUD pair.
The EURJPY and USDJPY were a lovely trade - in and out as expected..
The AUDUSD trade worked just as well. We expect a rinse and repeat which is what we are doing..
The bonus trade GBPUSD short earlier this morning at the 100eMA was nice. We expect further downside, with the market expectation of a 25 basis point drop in rates by the BoE later th…
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