Saturday, January 30, 2010

cable

Tom Hougaard and i were delivering a Forex trading seminar at Canary Wharf in London on Thursday and Friday last. We traded in the www.whichwaytoday.com live trading room while sharing the speaking duties. I liked the look of the cable short on Friday afternoon but did not get time to post it here. There will be plenty of time to get aboard, what looks like a big move south in cable, on Monday morning.

Those of you who have done my course should be able to see the two bar outside reversal short on the cable four hour chart. This pattern successfuly traded the GDP number, which was much better than expected.

Have a great weekend. I will be posting from London and returning to South Africa at the end of next week.

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