Cable Trade Review: 01/25/07

January 25, 2007 4:54 PM UTC in Technical Analysis

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Trade Review for January 25, 2007:

Only my Cable trade was triggered today.

GBP/USD

Sell at 9640; Stop Loss= 9680; Target= 9600; Target 2= 9575; Target 3= 9510 (Originally posted on January 24, 2007)

Result: Breakeven. My trade was triggered but it happened very late in the day when momentum was probably dying down. As a result I closed my trade out at breakeven and I suggest that you get out as well if you are in the trade.

Total pips for the day: +0 Pips

About Big Pippin

This is the true story of one man, picked to live in front of his computer screen and find ways to make money from trading money. See what happens when markets stop being polite and start being real! Using charts, I show how current currency price action is playing out and chart patterns forming.