On 15 March 2013 we had bought GBPUSD at 1.5163. Click here to view.
GBPUSD has move up according to our expectation. We decide to close this trade before the weekend. We will buy GBPUSD again at lower level.
Closed GBPUSD at 1.5304, profit is 141 pips.
We trade mid term, as in anything from 2 weeks to 6 weeks. Capital preservation is always our priority and with a good risk management and discipline, we can protect our capital and at the same time have a good percentage of capital growth.
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i) Identify which currencies are fundamentally strong and which currencies are fundamentally weak,
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BL, CEO of Tactical Trading Academy – For Your Profits, Your Success Is Our Success!
“I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.” – Charlie Munger