Mixed week

Sunday, December 9, 2007

Mixed week so far. GBP rate cut really messed things up. Things are really looking good for a Gbp correction where the rate cut made the correction very small and no clear market direction.

At the moment i am holding a lot of losing position hoping the market will turn back. At the same time doing hedging to cover the losing position. Hopefully next week all goes well and I manage to recover. If things do not go my way, then I will have to accept losses. Losses happen in forex and it happen a lot. Prepare for the inevitable.

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