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August 5th 2015

Today I tried to start my strategy, but it showed compliation error in strategy contest, so for me strategy contest is on hold until strategy does not start.
Also, I waited EURUSD to come down, and finally it came down and now at a perfect support level, so now I am planning to buy EURUSD in trader contest. But unfortunately, due to slower internet connection, I am not able to start platform.
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Trade update of last day

Last day, I opened three trades and one went totally opposite, but as expected EURUSD took U turn afer reaching near 200SMA on hourly chart, and that trade was closed in 25+ pips of profit.
I am expecting further up of EURUSD and still short on USD pair, so I am short on USDZAR, because pair has reached its highest resistance last working days, and we can expect that current resistance will continue, but if on Monday open if pair will break above it, then I will have to close that trade.
This we…
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GBPUSD resume its down trend

Today GBPUSD resumed down trend after reaching 50% fibonacci retracement on daily chart. It may find support at current level, but pair is moving below weekly pivot and also daily pivot. I am expecting that pair will reach break this support level soon and I will look for short trade once pair will reach below 1.5476 this week, which is weekly S1 support.
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