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Thursday, February 4, 2010

RE: GBPJPY Closed Trade with 75 pips Profit


Cable is not cooperating, thought the UJ made a nice move below the daily pivot, and the GBPJPY reaching previous support at 143.50. A break below that could see another 50pips. I'm perfectly happy with 75 pips profit.

I'm on Pacific time, US, and have not been keeping London Banker's hours. I'm going to call it a day. If it could hold below 143.75, I would have liked to hold half my position, going into GBP news in 2 hours, with a tight stop at news time, to see if the Sterling is going to remain bearish.

75% return in a couple hours isn't bad. I'll take it!

If I see any trades setting up tomorrow, I will post them here.

Take care, and trade safe!
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