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Live EUR/USD Trade Setups – Day Trading Market Manipulation

October 23
03:58 2014

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Yesterday we had a couple nice trade setups on the EUR/USD. The first short setup from above the London highs made a beautiful run to the downside that was helped by some bearish comments from the Euro zone. Tape bombs are a double edged sword. I got burned last week for -20 pips when the Feds Bullard came blurted out an unexpected dollar bearish comment on QE. Anyway, the second trade setup during NY was another quality reversal day trade. The second setup was a typical NY reversal where the market is extended past the ADR and comes into a pre-selected manipulation point. Both trade setups illustrate classic stop run confirmation entries. Another major point is the significance of risk/reward ratios when it comes to becoming a profitable trader.

-Sterling

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Sterling Suhr

Sterling Suhr

Hey everyone, my name is Sterling Suhr. You and I more than likely have quite a bit in common when it comes to Forex trading. Like most, I started trading Forex and thought it would be rather easy.Everything I read said it would make you profitable so why wouldn't I believe it Forex trading was easy? The unfortunate part is that belief, and the hope that goes along with it pushed me into buying every scam Forex product there was. I've tried every EA, software, strategy, chart pattern, candle pattern, signal service, etc, all with negative results. The bottom line is mainstream Forex trading strategy will continue to fail retail traders. It wasn't until I realized this point did I begin to see success.On a personal note I currently reside in South Western Michigan. I personally love this part of the country and enjoy having a taste of all four seasons. I was recently married in May of 2012 and Chad has given me a stiff warning to not have children:) As a personal hobby I enjoy aviation and really anything to do with the outdoors.

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