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18/02/2014: Trade Update – Two of my positions closed out, 1 profit, 1 stop

I have just taken my profit on my EUR/USD long at $1.37645 (59 pip profit). There was a 5 minute bar outside the upper Bollinger Bands and the move looks like it may begin to retrace.

In a choppy morning for GBP/USD, I was also stopped out of my short position for a 34 pip loss.

I am still running my EUR/GBP long, currently at a 26 pip profit


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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.