My Trading Log

[cas]

I didn't try to "justify" myself or making "excuses" here.

It's a shame really because that move "took off" @16.21 area.

So, in fact it was a bounce...news related mind you.

Ah well...there is always a next time.

[o990l6mh]

Originally Posted by cas

I didn't try to "justify" myself or making "excuses" here.

I know, I just wanted to clarify that I wasn't picking on you

There's always the next trade, one of many beauties in trading.

[MattW2009]

I'm thinking short term strength in the AUD?

Pin bar on GBPs

[MattW2009]

Originally Posted by MattW2009

I'm thinking short term strength in the AUD?

Pin bar on GBPs

I've decided to order some cable as its a bounce off the 150SMA. First TP a short 50 at which I'll move to BE as I'm a little unsure of myself on these atm.

Leaving GBP/JPY as that seems more Bearish and the PPZ it's sitting on has been broken a lot so I have no confidence in it atm.

[o990l6mh]

Originally Posted by MattW2009

I've decided to order some cable as its a bounce off the 150SMA. First TP a short 50 at which I'll move to BE as I'm a little unsure of myself on these atm.

Leaving GBP/JPY as that seems more Bearish and the PPZ it's sitting on has been broken a lot so I have no confidence in it atm.

Congratulations on your Cable trade. Good work!

[MattW2009]

Originally Posted by o990l6mh

Congratulations on your Cable trade. Good work!

Cheers Magnus! I booked the early partial profit and moved to BE but I'm not sure whether to target 1.6600 or aim for 1R at 1.6700. What do think?

[o990l6mh]

That's a difficult one. Two possibilities:

The conservative approach I guess would be taking profit around the previous swing high around or just below 1.66.

The other option might be to start trailing your stop and see how far the trade will take you. Looking at the 1H chart 1.6495 might be an option, just below the last retrace.

Or non of the above.

Your choice.