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June 29, 2010 GBPUSD London Trade

Yesterday was a little disappointing because I had a good trade to start with, then I took a marginal one that wiped out all the profits.  Well, tonight I decided to learn from that and I just stuck to the first trade, no matter how tempting it was to take another trade.

Here is the chart:

Click above to enlarge

As you can see, I waited for the reversal candle pattern.  Since the Stochastic was oversold, that was the trigger to go long after the reversal pattern.  I took the money just before it reversed hard.

The final result was a +1.1% gain on the account.




If you enjoyed this article, you might also like:

  1. June 28, 2010 GBPUSD London Trade
  2. June 28, 2010 – The London Trade Part 2
  3. May 18, 2010 GBPUSD Counter Trend Trade
  4. 1/7/09 GBPUSD Trade
  5. 02/16/2009 GBPUSD Trade

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