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My journey with GBPUSD

Author:	ForexPlane.com Editor	Created:	12/14/2006 12:34 PM
In this blog, I will detail my analysis as well as trades on the GBPUSD.

Exit long
	ForexPlane.com Editor : 6/21/2007 10:50 PM

In case anyone has been following this thread, I was stopped out, but I made a re-entry at the same spot as the previous trade. Why? It usually takes a few trades before the next one works. Picking bottom is not easy but a few times is usually helpful if you can withstand the small losses before the big winner comes around.

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Long GBPUSD @ 1.9692
	ForexPlane.com Editor : 6/14/2007 9:23 AM

prices at 78.6% retrace and monthly S1, better reasons than any, plus the last low was exactly at this area.

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Possible long entry from this support here
	ForexPlane.com Editor : 6/13/2007 10:08 AM

78.6% plus a major support at this area. I'll watch for a bounce and take a long entry near here.

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Week in review
	ForexPlane.com Editor : 6/10/2007 9:11 AM

The expected end of the correction just became an extended correction. I think that caught quite a few traders off guard, including myself. But the retest of the recent bottom will be carefully watched this week.

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2007-06-04
	ForexPlane.com Editor : 6/4/2007 11:41 AM

Last Friday's report look like it gave a positive (bad news for USD of course) for EURUSD bulls. The GBPUSD and EURUSD moved off from their respective support. The pullback might be over and the trend may now be resuming. Watch for pullbacks to go long on smaller timeframes.

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