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Reflections

Yay! It's a new week ????. Yet it isn't a new beginning ????! The momentum from Friday's dismal NFPs is likely to carry on in the early part of this week. Are we going to see a break of US dollar index range support or would it hold? Fundamentals say the bottom should hold. The US dollar is the probably the most reliable currency investment as we enter a period of global Central bank policy uncertainty from London to Frankfurt to Tokyo; Not forgetting the US elections (isn't it ironic that even …
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Patience

Often times I get into trades prematurely, end up being stopped out and then the trading plan plays out real-time. I guess I'm still trying not to lose out on the opportunity of a profit rather than sticking to a disciplined trading plan. Well, it's all good. We live and learn. NFP Friday is just a couple of hours away. Time to load the gun again!
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Day 3

After successive losing days, my gamble on a GBP retracement paid off. Good to finally have a large one in the bank. Will keep watching GBP crosses for the next tradable trend wave. Also eyeing a couple of other setups. Meanwhile, the USD remains range bound; but it's a no go area pre-NFPs as the fundamentals (ADP vs ISM) are conflicting. Hopefully NFPs should be the tiebreaker. Happy trading folks.
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