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Monday, August 3, 2009

Forex Update: August 3, 2009

Just looking reviewing some charts as I have been busy. I must say I the Pound just shot way up and is over extended giving me some lovely profits. In general the 3 major pairs that I am trading all shot up. The Eur completely recovered and is making gains, while the AUD also shot up to a lesser extent.


Here are the Charts:

EUR/USD




GBP/USD




AUD/USD





Here are the results:



As you can see I traded within approximately a two week time frame. My trading thesis was based off overall fundamental macro trend. However only confirmed and directed by short term technical analysis.


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I closed out my positions so I can focus on my work and incorporation. In addition, due to possible trend changes or significant corrections coming at the end of this week or the end of next week. Hopefully the Group Forecast can be posted soon since we had our weekly meeting yesterday. In addition, hopefully Group ANLZ will be trading together soon.


If there are any questions about this trade please post a comment or forward your concerns to GroupANLZ@gmail.com

-Alexander Lê
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