Amidst all the chaos in the global financial markets fuelled by uncertainty in EU, debt crisis in US and currency interventions by Swiss National Bank and Bank of Japan - good breakout trading opportunities still exist.
The frequency of trades have definitely decreased to 2 to 3 trades per month. This may seem unacceptable to most, however, I am looking for One Good Trade - that one trade where my eight factors are aligned in perfect harmony. The trade below was executed on Nov 16, 2011.
GBPUSD Sell
Entry: @ 1.5765
TP: @ 1.5710
Result: + 55 pips
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