Tuesday, 23 June 2009

Confidence Test


its taken some confidence in my GBPUSD pattern,

The down leg swung to a low 1.60266 which was on the low side of expectations.

Having added further to the position at 1.635 , the best handling methodolgy is to place stops and look away.

Here is an image of the Intraday hourly chart.

Fortunately Sterling re-emerged at the end of the day now at 1.645

Crude also Rallied against my short after so many down days.. stood ground against draw down..

Ditto SoyBean Meal.

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