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Monday, February 13, 2012

EURO Trader

EURO Trader: Another day of ranging for the Euro-London session as the USDIX could not break its significant support level of 78.70. Reluctant to allow our trades to play out, I closed out early for a modest profit of +29:
Long: GBPUSD +20 AUDUSD +15 EURUSD -1 EURJPY -2
Short: USDCHF -3

Our last trade triggered during the New York session with the EURJPY short as the SP500 dropped. It did not have enough momentum to close T1 and so it was cut loose at +15.
- Midnight Marv

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