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Wednesday, October 7, 2009

Tuesday 6th October 2009

By the time we approached the London session this morning, the Eur/Usd had put in well over 70pips. This made us weary of going Long without any highly compelling reasons.

There was also an absence of clear reversal patterns (like negative divergence) which might have led us to take a counter-trend position. We ended up staying out of the markets yesterday.

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