Oh, my goodness!

Isn’t this one of the most nerve-racking decisions to make? Especially in these turbulent, over-leveraged, under-capitalized, paid-over-my head-to my top executives-times?

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Of course, I am kidding when i say it is a “lazy trader” strategy. If you are lazy, you will not last in these markets. But this strategy is very low-maintenance and should with the proper money-management produce @ least 20% return annually . Not bad for only setting this up once a week and closing the position next week!

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We are shorting the pair, selling rallies at resisstances…we have a good probability of running it all the way down to 148.75 and 146.25 to follow.

GBP/USD : On the downside, return to 1.6250 will bring more bears in , we will then be looking to 1.6180 for next support level. We need a daily close below that level to turn the dailies back to the bearish momentum with targets @  1.6080, 1.6025 to follow.

EUR/USD: we are in a range-bound market, ready to break out. As of my writing the break-out has a bullish pattern. We are looking to close @ 1.4365 or better, to resume an uptrend to 1.4406 first with 1.45-psychological level. Next resistance after 1.45 comes in @ 1.4565 followed by 1.4610.

On the downside, market return and CLOSE @ 1.4260 or lower will bring us first down to 1.4220 with 1.4175 to follow.

Strategies : trade intraday as per our 15-minute strategies until a TREND is resumed.

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Forex is a 24-hour market, and yet timing is a critical factor. Being able to identify the best time to trade is a highly potential way to maximize the profit. Professional traders are aware of this angle. Therefore they take utmost care in choosing the timing of their trades to earn optimum profits.

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What is FOREX? Currency Forex Trading, also known as FX Trading is an alternate way you can make money in a trading environment. Everyone has heard of the New York Stock Exchange (NYSE) or the Chicago Mercantile Exchange (CME), each featuring either stock trading or options and futures trading. Forex or FX Trading involves the buying and selling of currencies instead of stocks, bonds, options or futures.

FOREX stands for the FOReign EXchange market, which is the international financial market where currencies are traded. The foreign exchange market began in the 1970s and is now the largest financial market in the world, with an average daily turnover of US $1.9 trillion. That’s 30 times the amount of daily activity on all of the US stock exchanges combined.

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Many traders are intrigued by the great profit potential of forex trading. Controlling millions of dollars with modest deposits through high leverage sounds like magic to some of us. But as with most things which sound too good to be true, the advantages of leveraged trading are not as compelling as many are tempted to believe. As repeated countless times on disclaimers and disclosures of forex brokers, the same leverage that allows us to magically control millions of dollars is a double-edged sword. It amplifies your profits, but it also multiplies your losses.

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