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Blog - August 29, 2012

Forex Trading Recap: 29 August +60 Pips

Back at it again!  I’ve been away from the office for a couple weeks so there hasn’t been any trading going on for me personally (though some students did quite well in the slow markets) but I’m now back to the regular schedule.
Today was a pretty good day for forex trading.  The price action was fairly smooth and easy to read which made both entries and trade management a pretty straight-forward process.  The market didn’t move much overall so there really wasn’t potential for a huge day, but trading the 3 pip range bars the way we do at least lets us do a little forex scalping in tight environments to find good trading opportunities.