Wednesday, August 24, 2005

What Not To Believe...

Here is a quote from my last Sunday’s post:

…a close above 1.8000 in the next 2 days as a positive sign for the continue of the bullish price action seen last 15 days

Here is the situation:

Two days went by quickly, the official Tuesday close was 1.8005, just slightly above the 1.8000 level.
Meaning: Bull beats bear...gbp/usd will move higher
What’s in for me: I will recoup all my losses, 101 pips to be exact
What’s in for you: A possible buy
So far this morning: Another minus 70 pips in the bag

Here comes a disclaimer:

Do not believe everything you read in this blog.

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