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Profitable day with Cable

Hi There,

Hope everyone has had a good day. With Cable at the 1.65 level yesterday I was hoping for a break to the downside today at the London open and that's exactly what happened giving me a nice 45pips. Below is the chart:











The eur/usd was pretty flat all day so I spent the rest of the morning stalking Cable and bagged a nice 26pips with a long. As this was against today's trend I exited at 26pips. Many of my losing trades over the past couple of weeks have been this types counter trend trades which have turned against me after being originally in profit so today I took the pips and ran!

So just trades today in the London session giving me +71pips.

Off topic slightly I'm currently reading Rigged by Ben Mezrich which I'm very much enjoying and I'll post a review when I'm finished it!


Later



This post first appeared on FX Trader, please read the originial post: here

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Profitable day with Cable

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