Trading recap for the week ending July 23rd, 2010

I finished the week with an overall loss of 210 pips due to being stopped out of the long GBP/USD at 1.5126.

It’s been a quite difficult market for me to navigate during the past three weeks. Trade appears to be choppy in most USD crosses.

My results for July are still positive although not as great as they were prior to the GBP/USD debacle.

Next week I still see no high risk/reward trades. I might try buying USD/CHF around 1.0460 if the market decides to trade at those levels.

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