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Pound Aud Possible Breakout Swing Trade
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Just a quickie trade update for you all on a possible swing trade. Problem is its already up huge (several hundred pips). So, being that it is extended there are 2 ways to get in. First buying on pullbacks as it pulls down towards 1.7400 or so and scaling in to get a good price, then waiting for a breakout that may or may not happen. This is anticipation. OR, we could wait till the breakout begins and go long over the daily high put in right now. Say, 1.7530 or so (fresh new money into the market for this to happen). This is called “paying UP, for Full Story |
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Submitted Jul 28, 2010 11:28pm
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