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Friday, September 08, 2006

Forex Trade Review for GBP/USD 09/06/06

Short trade triggered:

Lot 1: -25 pips
Lot 2: -25 pips
Total: -50 pips

Sorry about the lack of signal last night. After reviewing price action throughout the euro session, it was probably a good thing I wasn't able to put one up. My system would have provided a losing signal as there was whipsaw action between 3 am EST and 4 am EST before finding the trend.

Week in Review:

Mon night: +70 pips
Tues night: +70 pips
Wed night: -50 pips
Thur night: No trade
Total: +90 pips

I hope everyone has a fantastic weekend!!!

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Currency trading involves substantial risk of loss, and thus is not suitable for all investors. You should carefully consider your financial situation before opening a trading account, and only risk capital should be used when trading in these markets. In addition, we recommend you consult your financial advisor to help you determine if currency trading is appropriate for you. Pipcrawler does not provide personal trading advice, and nothing contained in this web site should be construed as personalized trading advice. Although Pipcrawler obtains his information from sources that it deems reliable, no warranty can be given as to the accuracy or the completeness of any of the information provided or as to the results obtained by those using such information. While we believe the information contained herein is accurate, Pipcrawler or his affiliates cannot be held responsible for the accuracy of the information, the timeliness of the transmissions, errors or omissions in the transmission of such information. Any reliance on the information contained within this website in making investment decisions is solely at the risk of the user, and each user shall be solely responsible for any and all losses resulting from such investments. In no event shall Pipcrawler be liable for any direct, indirect, actual, special or consequential damage or losses resulting from the use of the information provided herein.