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Wednesday, June 25, 2008

Stock trading, Forex trading ( Currency trading ) . Done with equities and now moving to currencies Time 3:46PM

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Forex traders (I will not forget you!):


I am done trading equities for today. It is a good day (but could have been much better). Total profits in area of 30+ NDX points. It could have been better because if I took profits in the morning and held longer in the latest entry, I would have added another (7+15) NDX points, whihc would have made is great day of + around 50 NDX points, particularyly doing it against today's trend.

Forex trading of EUR/USD.

I am starting to trade EUR/USD on short side. Location of strong sellers is in area of 1.5725 , and strong buyers in area of 1.5650.

I am scaling in. First part of position entered in 1.5680 area at around 3:46PM.


4:09PM: buyers to be tested are now in area of 1.5665 (and moving up with time). Strong sellers are moving down from area of 1.5730 to 1.5720. If the buyers are not defeated before they meet, then when the sellers and buyers meet I expect the sellers to win this round and price to head down.

Happy trading,


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Happy trading,


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