Monday, July 25, 2011

EURUSD 25 July 2011















It was not a very good start for the week. The price action was quite choppy.

I started the trade with a long, but was stopped out. It was followed by a short, but was again stopped out.

A long was reinitiated, shortly after, it was stopped out again.

Another short was initiated, and finally, the price moved downwards gradually.

It was still a loss for the day, but the loss had been greatly minimized by the last trade.

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