Damage Limitation

After the morning drubbing it was always going to be a case of damage limitation and that thankfully happened. A couple of nice trades on GBPUSD when it finally broke down managed to bring back some element of sensibility to proceedings. 1.5900 proved too hard to pass and GBPUSD is now firmly stuck between 1.5950 and 1.5900. I imagine the release of the NFP numbers will shake things up a little. The BoE caused zero impact and was a non event entirely.

My first week of live results on Cash-master continues to go well and it’s certainly attracting plenty of interest, no doubt caused by the good start, I can only hope it continues in the same form. The results can be seen here.

If you haven’t yet voted on the trading weakness poll, don’t forget to do so, it’s on the right hand side of the blog about half way down. The more votes it gets, the bigger the picture can be established. I’ve also updated the recommended blogs which contain some very interesting reading.

That’s all for now, might be a quiet day until NFP rolls round so it might be a long day..

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