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Wednesday, 13 June 2007

A key point to fit in your forex trading style

Posted by FX at 05:41 Wednesday, 13 June 2007
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A key point to fit in your forex trading system -I was reading an ebook on Forex Trading the other day. It was full of trading strategies. Ofcourse not all strategies fit trading style of everyone. Some are for forex day trading and some for swing trading.However there is one point that caught my attention on money management - "Never let a profitable situation end in a loss" This means that if

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Sunday, 10 June 2007

EUR/USD still looking bearish - More pounding to come from $$

Posted by FX at 02:33 Sunday, 10 June 2007
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EUR/USD still looking bearish - More pounding to come from $$The EUR/USD has just now broken a trend support line on daily chart. The ideal way to trade now will be to use your forex trading systems of fibonacci retracements. Identify the next target the USD can go to on the daily chart and then identify the entry and exit points on the 1 hr chart if you do currency swing trading, or 15 min chart

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