Pippin Ain’t Easy Cable Trade Review: 05/09/07

Trade Review for May 9, 2007:

GBP/USD

Sell GBP/USD at 9900; Stop Loss= 9970; Target= 9800 (Originally posted on May 9 , 2007)

Unfortunately it looks like the anticipation of the BOE rate hike was too much and we were stopped out of the trade.

Result: -60 pips