A Winner!
Looks like Monday's trade was another winner! S1 provided the support, and I think the 1.8600 "Double Zero" support might have kicked in as well. I took my 30 pips on the bounce.
What happened today? Higher than expected UK CPI pushed the Cable higher this morning, about 100 pips higher, from 1.8650 to 1.8750, where price currently hovers.
The 4Cast outlook for tomorrow doesn't see much movement for the Cable, despite some UK employment data due out. I'm going to trust in the pivot points to get me through the day tomorrow. I'm going to try a technique where I'll buy if price hits S1 1.8669, and sell if it hits R1 1.8780 and I'm putting both limit orders in at the same time.
Here we go...
What happened today? Higher than expected UK CPI pushed the Cable higher this morning, about 100 pips higher, from 1.8650 to 1.8750, where price currently hovers.
The 4Cast outlook for tomorrow doesn't see much movement for the Cable, despite some UK employment data due out. I'm going to trust in the pivot points to get me through the day tomorrow. I'm going to try a technique where I'll buy if price hits S1 1.8669, and sell if it hits R1 1.8780 and I'm putting both limit orders in at the same time.
Here we go...
posted by Young Pip at 11:27 PM
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