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Friday 11 June 2010

11.06.2010 11:33 GMT+1

To sum up, session was not fruitfull, EU and GU went up to overnight high [without breaking it - so not buing here was hitting exactly the point of morning my snapshot.

Later I did not entered short GU [what could've been profitable, as there was UK news approaching].

Therefore I had a good day of no trading today.


Currently I see tempting short candle on GU, but it's not confirmed on any other cross [GJ or EU or whatsoever] therefore I'm going to prevent myself from trading till next 4H candle.

11.06.2010 7:54 GMT +1

I will wait for some valid sign of move down on GU or EU, as I expect a bit of corection during London open.

11.06.2010 1:49 GMT +1

GU - approaching key resistance - expect correction
EU - similar situation, but here I still did not seen confirmation of trend reversal.
Personally I think eur wont go lower than it was this week, but I need it confirmed on a chart.
EJ - slightly above this week channel. I wouldn't take long on last day of a week, however this may indicate new direction for upcoming week.
GJ is on clear way to rise. Bounce up from 133.20-133.80 area would be a perfect sign to buy and hold [maybe even 1000 pips if it was lucky]


In general I'm definitely not going to trade overnight, and I expect Friday to be day of corrections or low volatility.



For a short comment, Thursday morning trade plan mostly prevented me from trading as price went against my expectations.

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