Wednesday, December 30, 2009

Cable trade of December 29th 2009

The trade on sterling dollar is on track for the target as set yesterday of 1.5835.
The daily chart is very bearish with yesterday featuring a multiple outside day.
As i write cable is trading at 1.5875 and i have pulled my stop loss down to 1.5925. This has locked in 75 points of profit.

Lets hope for many more quality trades like this one in 2010.

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