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Friday, February 10, 2012

EURO Trader

EURO Trader: The Euro-London session saw the SP500 and USDIX breaking key levels indicating Aversion as the theme for the day. The EURUSD short triggered first early in the session just before a brief retracement, we closed this early for a small loss at -20 pips. During that retracement, the GBPUSD went long in which we cut loose at +10 pips knowing that this went against risk sentiment.

The market finally adjusted to the true direction of the day as Aversion took over. In the NY session we saw a loss in momentum so we took our profits and ran :)
Long: USDCHF +50
Short: GBPUSD +30 AUDUSD +40 EURJPY +45
- Midnight Marv

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