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GBPUSD / EURJPY Recap for July 27/09
A tough trading day especially with the cable. The sideways action would have whipped you in and out of trades IF you were not sticking to a solid trading plan. The EJ was trading quite nice post news. At 10:00 est, that all fell apart with some strong housing numbers. That said...our plan is precise. We are precise with stops. Precise with entries and trade management. We are even precise in the types of candles we like to see. Setups on indecision candles are not something I am a fan of. When you see low volitility candles, that can tip you off to simply stay out until moves occur. You don't have to be the first on the ride.
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