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Saturday, January 31, 2009

UJ, GJ

I got stopped out at my preset stop levels on both U/J and G/J as both reversed after the false breakout.
Initially GBP/JPY was progressing well downside, I could have taken profits but my strategy is to trade on a longer term (1-5 days) and to remain in the trade need to forego small profits sometimes.
Charts coming up.

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