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Buying some $GBPUSD 24-August-2009

by Gav Leave a Comment

This is the setup I am looking at the moment. Let’s see how it works out. I am looking at buying some GBPUSD should the price retrace and trade around 1.6450.  And first target at 1.67.

Here is the …. CHART

GBPUSD_23August2009

Filed Under: Trading Journal Tagged With: FX, GBPUSD, Trading Journal

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Comments

  1. Gulzaar says

    August 23, 2009 at 10:07 pm

    I was looking at the same set up – the hourly EMAs are really tightly intertwined, so a break out is bound to be powerful. I may get in on a 15 minute retracement though, I think a four hour retracement will take a day or two. Good luck!

    Reply
    • Gav says

      August 24, 2009 at 10:28 pm

      I read somewhere, I guess it was from maoxian. He who trades off 5-min chart, will last in the market for 5 years, and off 15-min will last for 15 years, and so on…

      I guess, I’d love to trade for the rest of my life. …:lol:

      Reply
  2. Gulzaar says

    August 24, 2009 at 9:07 am

    I was looking at the same set up – the hourly EMAs are really tightly intertwined, so a break out is bound to be powerful. I may get in on a 15 minute retracement though, I think a four hour retracement will take a day or two. Good luck!

    Reply
    • Gav says

      August 25, 2009 at 9:28 am

      I read somewhere, I guess it was from maoxian. He who trades off 5-min chart, will last in the market for 5 years, and off 15-min will last for 15 years, and so on…

      I guess, I’d love to trade for the rest of my life. …:lol:

      Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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