Thursday 10 September 2009

Wednesday 9th September

Yesterday Wednesday 9th turned out to be a really good day despite the concerns around the USD. The total pips gaind from all six pairs trading was 194. One or two trades were difficult to judge so being cautious you may have got out earlier on them and the EUR/JPY trade occured late in the afternoon so you may not have done it. But still a good day overall!

The GBP Long trade went well providing you stayed with it when it appeared to be possibly turning. The two stars of the day were the EUR/USD and the USD/CHF which provided around half the gains between them.

Today may be another difficult one to predict as there are several reports and indicators due out today which could affect trading so keep a watch on the www.forexfactory.com site to see at what time they are being announced and get ready to get out of any trades that might be affected depending on the news and whether you are in Long or Short.

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