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The Dynamic Trader Forex Blog

Friday, 3 April 2009

Cable 123 re-visited.

Good morning Dynamic Traders,

Today I want to assess yesterdays chart of the GBPUSD.

As mentioned I was looking at trading the possible 123 set up which did come about but ran into a DT.
I entered this trade but was running for a loss for quite some time which wass not my intention.
However as I did commit at an intermediate aggressive level I decided to let it run as I had my stops in place.

After getting up this morning I was able to lock in small profits, but this was what I had intended to do at an earlier stage.

Now being as I am in the trade I shall let it run although today is big news day and shall await the outcome.

















Charts courtesy of AdvancedGet.

Have a great weekend.

Clayton Farnworth.

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