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Thursday 30 April 2009

GDP came wors than expected, what holded me away from trading. release brought decrease of price on EU GU and EJ pairs, but soon they just turn out to be little corrective moves.
stability of USDJPY just ensured me in my opinion about best stratgy for FOMC release, that was bet o volatility by buing options both directions.

Now on daily charts you can easily spot breakouts of top channel trendlines. They may be sigals of trend change on my favourite pairs, but to say so I need to wait for retracement first.
For now I have no plain strategy what to do next, but certainly sooner or later I will point out what hints am I looking for in price action or market data to predict next market movement.

Now it's good to stay away as both directions of move are equally possible.
 




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